Corporate America is hedging ahead of the 2026 midterms.

INTELLIGENCE SUMMARY

Corporate America is hedging ahead of the 2026 midterms. Companies that built close ties with Trump—especially big tech—fear Democratic-led investigations if the party wins the House. Some are donating to Democratic groups, hiring former Democratic officials and preparing for subpoenas. Meta, for example, has given millions to groups aligned with both parties, while OpenAI has been strengthening relationships with Democratic lawmakers. Others, including Paramount and Kalshi, are hiring pro