Trump is all but assured to win the 2024 election after taking Pennsylvania

• Donald Trump is all but certain to win the 2024 election after winning three key swing states.
• Republicans are also projected to retake control of the Senate.
• Investors are rallying around the "Trump trade" into Wednesday morning.

With results still coming in across several states, former President Donald Trump appeared all but certain early Wednesday to defeat Vice President Kamala Harris.

Trump notched victories in North Carolina, Georgia, and Pennsylvania, with leads in all four other battleground states.

Barring any upsets elsewhere, Trump has reached the 270-vote Electoral College majority necessary to win.

Investors were rallying around the "Trump trade" early Wednesday as a second Trump presidency looked increasingly likely.

Stock futures were up in premarket trading, while Bitcoin surged to a record high, surpassing $75,000.

Meanwhile, the US dollar gained 1.6%, marking its largest single-day jump in four years.

Harris did not address her supporters at a watch party at Howard University in Washington, DC, on Tuesday night. She is expected to speak sometime Wednesday.

The election has not yet been called in the battleground states of Arizona, Nevada, Michigan, or Wisconsin.

Trump gives a speech at his campaign HQ in the early morning hours

"America has given us an unprecedented and powerful mandate," Trump said during his Election night event in West Palm Beach, Florida. He then went down the list of issues that he hammered in during his campaign, including border security and strengthening the economy.

While Trump has not officially clinched 270 electoral votes, he's currently at 267 — and on the cusp of victory.

GOP vice-presidential nominee JD Vance called Trump's electoral performance "the greatest political comeback in the history of the United States of America."

Trump also praised Elon Musk, one of his biggest backers this election. "We have a new star, a star is born," Trump said. "Elon. He's an amazing guy."

Trump's Pennsylvania victory is a huge breach of the blue wall, which Democrats hoped would carry Vice President Kamala Harris to victory. The former president currently leads in Michigan and Wisconsin, but those states have not yet been called.

Business and world leaders are already congratulating Trump on a victory

Mark Cuban, the billionaire investor and a key Harris surrogate, congratulated Trump on winning the election.

"You won fair and square," Cuban wrote. "Congrats to @elonmusk as well. #Godspeed."

At the time of Cuban's post, Trump had 247 Electoral College votes but appeared likely to win Pennsylvania.

Ukrainian Prime Minister Volodymyr Zelenskyy congratulated Trump on his "impressive" victory early on Wednesday, saying his country will "rely on continued strong bipartisan support for Ukraine in the United States."

Benjamin Netanyahu, the prime minister of Israel, also issued a statement congratulating Trump, saying his victory "offers a new beginning for America and a powerful recommitment to the great alliance between Israel and America."

Other world leaders followed suit, including France's Emmanuel Macron, Italy's Giorgia Meloni, the UK's Keir Starmer, and India's Narendra Modi.

NATO Secretary-General Mark Rutte said Trump's leadership will again be "key" in keeping the alliance strong.

Republicans have retaken the US Senate, but the House remains in play

Republicans are projected to win at least 51 seats in the US Senate, putting an end to four years of Democratic rule.

It comes after Republicans won Senate seats in Ohio and West Virginia that are currently held by Democrats. Republican Sen. Deb Fischer also held off a stronger-than-expected challenge from independent candidate Dan Osborn in Nebraska, and Democratic Sen. Jon Tester appeared to be trailing his GOP challenger as of early Wednesday morning.

It remains far from clear who will control the House of Representatives. Democrats picked up one GOP-held seat in New York's 22nd congressional district and appeared to be in a strong position in Virginia's 7th district, currently held by Democratic Rep. Abigail Spanberger, who is retiring to run for governor.

It could take days to know who controls the House, with several competitive races taking place in California, which historically takes a long time to count ballots.

Trump and Elon Musk were seen chatting at the Mar-a-Lago Election Night watch party

Billionaire Elon Musk posted a photo of himself huddled with Trump over a table at Mar-a-Lago, where the former president is hosting his election watch party.

Musk has emerged as a key, if not the key, advocate for Trump's campaign.

He has dumped millions into a super PAC supporting the former president, joined him at rallies, and campaigned loudly for him on X. The Tesla CEO has been tweeting as results roll in and celebrating Trump's performance.

🇺🇸🇺🇸The future is gonna be so 🔥 🇺🇸🇺🇸 pic.twitter.com/x56cqb6oT5— Elon Musk (@elonmusk) November 6, 2024

States are voting on ballot measures, with abortion rights being defeated for the first time since Dobbs

Reproductive rights were a key issue this election, with voters deciding on abortion in 10 states tonight, including the battlegrounds of Arizona and Nevada.

Referendums to enshrine the right to abortion passed in New York, Maryland, and Colorado as was expected. The measure also passed in Missouri, overturning what had been a near-total ban in the first state to outlaw the procedure. Voters in suburban areas turned out to pass the measure in large numbers, propelling it to its anticipated victory.

In Florida, the effort to enshrine a constitutional right to abortion failed. Yet the referendum faced a heavier lift in the Sunshine State than is typical — it needed to garner 60% of votes rather than a mere majority, as is the case in other states.

The Florida abortion referendum's expected failure is particularly notable, given that abortion-rights advocates have racked up a string of unbroken victories in states around the country since the Supreme Court overturned Roe v. Wade in 2022. As a result, Florida's ban on almost all abortions after six weeks will remain in place — one of the most restrictive policies in the country.

South Dakota's effort to protect abortion rights also failed, meaning its ban remains in place with no exceptions apart from to save a woman's life.

Some history's being made: Two Black women were elected to the Senate, and Trump won Miami-Dade

Tuesday's election also saw some historic results.

In just one election, Democrats have doubled the number of Black women who have won election to the US Senate.

Prince George's County executive Angela Alsobrooks and Democratic Rep. Lisa Blunt Rochester were both projected to defeat their Republican opponents in Maryland and Delaware, respectively. It will be the highest number of Black women to serve in the upper chamber at the same time.

Only three Black women have served in the Senate: former Sen. Carol Moseley Braun, Vice President Kamala Harris, and Sen. Laphonza Butler.

Meanwhile, Trump made history in Florida. He's the first GOP presidential candidate to win Miami-Dade County since 1988, and his win there illustrates the phenomenal rightward swing of the Sunshine State.

In 2016, Hillary Clinton won Miami-Dade by 30 percentage points; in 2020, Biden won it by 7 percentage points. Trump is projected to win the county by double-digit margins, the Associated Press reported, with 95% of the vote counted.

There's a significant Latino population in the county, and the key demographic group has started to move toward Republicans. Harris' campaign didn't spend a lot of money in Florida, considering the state, once a battleground, out of reach.

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