The US midterm elections have reshaped the policy landscape for the final two years of President Donald Trump’s term, with Democrats winning control of both the House and Senate and ushering in a divided government. On Nov. 4, Bloomberg Intelligence’s Nathan Dean, Elliott Stein, Holly Froum, Matt Schettenhelm, Andrew Silverman and Justin Teresi broke down the Nov. 3 results and assessed the implications for energy, defense, technology, financial services, tariffs, taxes and federal regulation. BI’s policy and litigation analysts examined how Democratic control of Congress may constrain Trump’s legislative agenda while increasing the importance of executive authority, regulatory actions, appropriations and congressional oversight - and what those shifts mean for companies, sectors and investor allocations.