WASHINGTON (AP) — In a generational contest between sitting congressmen, freshman Rep. Christian Menefee defeated veteran Rep. Al Green in a Democratic primary runoff for a Houston-area district created last year by an unusual Republican-led redistricting effort.
Green, known for his protests during President Donald Trump's speeches, has served in Congress since 2005. He became a standard-bearer of progressive legislation on racial justice, often drawing the ire of Republicans.
“I am so honored to have served for these many years, more than twenty. And I’m honored to have done some things that I’m very proud of,” Green told his supporters during an election night event.
“You probably see me smiling and it’s because it’s because this is not the end,” he added as the audience cheered. “This is the beginning of a new chapter.”
In his primary contest, Green, 78, became a target of the cryptocurrency industry for his opposition to the emerging technology.
“Rep. Green’s defeat proves that anti-crypto hostility carries real electoral consequences, making him the first Democratic incumbent this cycle to lose his seat,” said Geoff Vetter, a spokesperson for Fairshake, a pro-cryptocurrency super PAC that spent millions in the runoff to unseat Green. “Fairshake was the difference-maker in this race, and we will continue to aggressively back leaders like Rep. Menefee across the country.”
The former top attorney for Texas’ largest county, Menefee, 38, was sworn into Congress in February after winning a January special election to succeed the late Rep. Sylvester Turner. Turner had died in February of last year and Texas Gov. Greg Abbott did not set a special election for the seat for months. Democrats denounced the delay as an effort to protect Republicans' razor-thin majority in Congress.
Menefee lauded Green’s career in a statement following his win over the congressman, calling Green an “icon” and vowed to carry on his work in Congress.
“For decades, Congressman Green has done what so few in public life are willing to do: he has spoken truth to power, directly to their faces, without flinching,” said Menefee. “He protested with his body, his voice, and his career on the line. He stood in the well of the United States House of Representatives and called President Trump out to his face, even when he stood alone. That is a legacy that will outlast any election.”
Menefee also condemned the state’s electoral process.
Under previous maps, Green and Menefee had served in neighboring districts before the state’s Republican lawmakers redrew the state’s congressional maps in an effort to create more Republican-leaning seats.
“Republicans have made this hard on purpose,” Menefee told his supporters. “They delayed this election. They drew maps designed to dilute our power. They made you come back to the polls over and over again because they were hoping you would get tired and give up. You didn’t. Now it’s time to finish the job.”
Green in 2017 became the second Democrat to file an article of impeachment against Trump during the president’s first term and has continued to call for the president’s removal. Last year, Green filed three separate articles of impeachment against Trump, including for abuses of power and allegedly inciting death threats against lawmakers and judges.
Following Tuesday's runoff, Trump called Green “one of the most mentally deficient Congressmen in the history of our Country” in a social media post cheering the results.
“But I will miss that lunatic not screaming and violently waving his cane at me during my next State of the Union Speech,” Trump wrote.
FILE - This combination of file images shows Rep. Al Green, D-Texas, in Washington on Oct. 15, 2025, left, and Rep. Christian Menefee, D-Texas, in Houston on Nov. 4, 2025. (AP Photo/Cliff Owen/Ashley Landis, File)
NEW YORK (AP) — U.S. stocks are hanging near their records Wednesday as oil prices fall and ease the pressure on households and businesses worldwide.
The S&P 500 slipped 0.2% from its all-time high set the day before. The Dow Jones Industrial Average was up 172 points, or 0.3%, as of noon Eastern time, and the Nasdaq composite was 0.3% lower.
Stocks of companies with big fuel bills helped lead the way on hopes that lower oil prices will remove a big drag on their profits. Norwegian Cruise Line Holdings climbed 4.4%, and United Airlines rallied 6.6%. Delta Air Lines rose 4.1% and is on track to set an all-time high.
The price for a barrel of Brent crude oil fell 3.4% to $96.19 after the ceasefire between the United States and Iran appeared to hold despite the U.S. military launching what it called “self-defense” strikes in southern Iran. A barrel of benchmark U.S. crude fell even more, 4.2%, to $89.96 on hopes that the United States and Iran can reach an agreement to reopen the Strait of Hormuz and allow oil tankers to exit the Persian Gulf for deliveries again.
Stocks have been able to run to records despite the painful inflation and uncertainty caused by high oil prices largely because companies have reported surprisingly strong profits for the start of 2026, and the forecast is for them to continue.
Bath & Body Works rallied 10.4%, and Abercrombie & Fitch climbed 12.1% after both reported bigger profit for the latest quarter than analysts expected. That's even as U.S. consumers continue to say they're feeling discouraged about the economy and inflation.
Lululemon Athletica rose 4% after reaching a deal with its founder, Chip Wilson, where it will add a former chief marketing officer of ESPN and a former co-CEO of On to its board of directors.
On the losing side of Wall Street was Dick's Sporting Goods, which dropped 4.1% despite delivering a profit for the latest quarter that edged past expectations. Analysts pointed to how much profit it wrung out of each $1 in revenue, which some called a bit weak.
Oil-and-gas stocks also sank, hurt by the dropping prices for crude. Exxon Mobil fell 1.2%, and Chevron slipped 0.9%. Halliburton dropped 4.8% to bring its gain for the year so far back toward 40%.
In the bond market, Treasury yields eased after falling oil prices took pressure off inflation. The yield on the 10-year Treasury slipped to 4.48% from 4.50% late Tuesday and from 4.67% roughly a week ago.
It’s a respite following recent gains for yields in bond markets worldwide, which threatened to slow economies and undercut prices for stocks and all kinds of other investments. High yields have already forced the average long-term U.S. mortgage rate to its most expensive level since last summer, and they could curtail companies’ borrowing to build the artificial-intelligence data centers that have supported the U.S. economy’s growth recently.
In stock markets abroad, indexes were mixed across Europe and Asia. South Korea's Kospi was one of the world's best performers and jumped 2.3% after SK Hynix, which is a big beneficiary of the artificial-intelligence boom, soared 9.3%.
A day before, Micron Technology surged to become the latest Big Tech company to be worth more than $1 trillion on AI excitement. Its stock has more than tripled already in 2026, and analysts at UBS said Tuesday it could soar even more because of how fundamentally AI has improved demand for computer memory.
AP Business Writer Elaine Kurtenbach contributed to this report.
Trader Edward Curran, left, and specialist Meric Greenbaum, center, work on the floor of the New York Stock Exchange, Friday, May 22, 2026. (AP Photo/Richard Drew)
A person looks at an electronic stock board showing Japan's Nikkei index at a securities firm Monday, May 25, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer walks past near the screens showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
A dealer stands near the screens showing the Korea Composite Stock Price Index (KOSPI), the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a dealing room of Hana Bank in Seoul, South Korea, Wednesday, May 27, 2026. (AP Photo/Lee Jin-man)
