US billionaires shift campaign cash to Republicans ahead of midterms

A Financial Times report indicates that US billionaires are overwhelmingly directing campaign contributions to Republican candidates for the 2026 midterms, marking a notable shift in donor alignment. The scale and concentration of this funding could materially alter competitive races, though the exact figures and individual donor breakdowns remain unspecified. This matters because it signals a realignment of elite money in US politics, potentially shaping legislative outcomes and policy direction.