Midterm elections enter the heart of asset pricing! Arizona primaries kick off, Trump's "election integrity" agenda faces a key stress test.

Arizona held its 2026 midterm election party primary on Tuesday local time, which is the only primary in July across the United States and an important indicator before the November midterm elections. This primary is not only a direct confrontation between the Republican establishment and the Trump camp, but also a crucial test of President Donald Trump's continued push for the "election integrity" agenda - the SAVE America Act - in grassroots mobilization. At the same time, American voters' ongoing concerns about the cost of living and the Iran war are reshaping the political landscape. In Arizona, a "purple state" that supported Trump in 2024 but also has multiple Democratic state officials of CKH HOLDINGS, the dual pressures of economic transformation and political polarization are pushing this primary to the forefront. Primary Overview: Trump's endorsement faces comprehensive testing The Arizona primary covers key state positions such as governor, attorney general, and secretary of state, as well as multiple congressional districts. In the Republican gubernatorial primary, Congressman Andy Biggs, endorsed by Trump, leads overwhelmingly, with polls showing him ahead of his main opponent, fellow Congressman David Schweikert, by 30 to 50 percentage points. Biggs is a former chairman of the House Freedom Caucus, has been involved in the removal of former Speaker McCarthy, opposed government spending bills, and opposed the certification of Arizona's 2020 electoral votes. In the Republican secretary of state primary, State Representative Alexander Kolodin, who claims that there were issues in the 2020 election, leads former Arizona Republican Party Chair Gina Swoboda by 44% to 20%. Kolodin was sanctioned by the Arizona State Bar Association for filing multiple legal challenges to the 2020 election results. In the attorney general primary, Senate President Warren Petersen is up against lawyer Rodney Glassman. In March, Petersen transferred details of the Arizona Senate's Maricopa County 2020 election ballot audit to the FBI, drawing strong criticism from the Democrats. Trump's "election integrity" agenda: the game of the SAVE America Act The political background of the primary is Trump's continued push for the SAVE America Act, which requires voters to present proof of citizenship and photo identification in federal elections and strict...