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Neither Senator John Cornyn nor Attorney General Ken Paxton secured a majority on Tuesday, setting up a May runoff after a bitter and costly Republican primary.
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Stocks in Asia tumbled on Wednesday, led by sharp declines in South Korea, but markets in Europe and the United States appeared to stabilize after days of turmoil.
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"We'll see what happens with the people," President Trump said as he appeared to be distancing himself from the longer-term consequences of the war in Iran.
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