Good Morning! It is Friday again and another week done and dusted! In the UK, it might feel like a whole other country, because after 14 years, the Conservative Party loses their majority to Labour.

Today’s Headlines:

• Landslide election win for Labour Party 🇬🇧 

• Biden is rallying the troops around him 🇺🇸 

• EV’s might not get their price bump after all 🚗 

Enjoy the weekend!

Nils

UK ELECTIONS
Landslide election victory in the UK

What Happened 
The first exit polls from the UK general election are in, and they suggest a landslide victory for the center-left Labour Party led by Keir Starmer. If the polls are accurate, this would mark a historic defeat for Prime Minister Rishi Sunak's incumbent Conservative Party, which has governed the country for the past 14 years.

Why It Matters

• A Labour victory would represent a significant shift in UK politics, ending over a decade of Conservative rule that has been marked by Brexit, political scandals, and economic turmoil.

• Keir Starmer, a former human rights lawyer, has campaigned on a platform of political reform, addressing the cost of living crisis, and improving public services like the National Health Service.

• The potential scale of Labour's victory, if confirmed by the actual results, would give the party a strong mandate to implement its agenda and could reshape the UK's political landscape for years to come.

• The election outcome could also have implications for the UK's relationship with the European Union, which has been strained since Brexit.

What's Next 
The official results of the election will be announced on Friday morning, after all the ballots have been counted. If the exit polls are accurate and Labour secures a majority, Keir Starmer will become the UK's next prime minister. For the Conservatives, a historic defeat would likely lead to a period of soul-searching and potential leadership changes. The party will need to grapple with the legacy of its 14 years in power and find a way to reconnect with voters if it hopes to regain power in the future.

As the UK awaits the final results, the exit polls suggest that the country may be on the edge of a significant political realignment, with the center-left Labour Party poised to return to power after more than a decade in opposition.

US ELECTIONS
Biden is rallying the troops, but is it enough?

What Happened
It has been a week since the first presidential debate in the US, and well, the fallout was quite big for sitting president Joe Biden. Since then, calls for his withdrawal from the election have been growing. This week, President Biden met with over 20 influential Democratic governors at the White House, seeking to reassure them of his commitment to his re-election campaign. The meeting came in the middle of reports of concern among some governors about Biden's candidacy.

Why It Matters

• The White House meeting was an effort to shore up support for Biden within the Democratic Party, as calls grow for him to withdraw from the presidential race.

• Several governors emerged from the meeting expressing their full confidence in Biden, with Minnesota Governor Tim Walz stating, "The governors have his back."

• However, the meeting took place amid mounting pressure on Biden. Polls show a sharp drop in support for his candidacy, and some Democratic lawmakers are privately considering signing a letter demanding he step aside.

• Speculation is also spinning around the potential for Vice President Kamala Harris to replace Biden as the Democratic nominee, with betting markets and polls suggesting she may fare better against Trump.

What's Next
The coming days and weeks will be critical for Biden's campaign, as he seeks to reassure Democrats of his fitness for office and ability to beat Donald Trump in the election. Much will ride on Biden's upcoming public appearances and his ability to unite the party behind his candidacy. Failure to do so could lead to more open calls for him withdrawing from the race.