From Bloomberg Markets and Finance.

Senator John Thune speaks after being elected the Senate majority leader.

“We are excited to reclaim the majority,” Thune told reporters after the vote confirming him as the next Senate leader, and “to enact President Trump’s agenda.” He won a tight race Wednesday against another longtime institutionalist — Sen. John Cornyn (R-Texas) — and Trump-aligned Sen. Rick Scott (R-Fla.), despite opposition from Elon Musk and other prominent MAGA evangelists.