Big Tech's Political Headache and the Fight for America's Future

The midterms exposed a growing disenchantment with Silicon Valley's vision of the future. Will Democrats challenge the industry, or just offer it a more politically palatable way forward?

Apparently, American voters aren’t swallowing Silicon Valley’s promises or fancying the idea of a giant, electricity-hogging server farm in their backyard.

As election day approached, many candidates were tripping over themselves to show who could take the hardest line against Big Tech’s AI ambitions, and voters appear to have paid attention.

Extreme summer weather: what does it mean for euro area construction output?

Summer 2026 brought repeated episodes of extreme heat to large parts of the euro area. This box assesses the implications for euro area construction output. Survey data from the European Commission show that the share of construction firms citing weather as a factor limiting their activity was exceptionally high, reaching a record level in August and remaining elevated in September. Estimates based on country and sector data suggest that such disruption lowers construction output temporarily, with losses in a given month typically made up in the following month.

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