Democrats, with Elizabeth Warren a top contender to chair Senate Banking, are poised to step up oversight of Nvidia over chip exports and circular financing (Maggie Eastland/Bloomberg)

Democrats are prepared to increase oversight of Nvidia Corp. regarding chip exports and circular financing. According to Bloomberg, this tougher scrutiny follows a new Democratic majority in Congress, with Elizabeth Warren identified as a top contender to chair the Senate Banking Committee.

In Mississippi, district attorney Scott Colom is leading Senator Cindy Hyde-Smith by 1,138 votes in a Senate race. Fortune reports that Colom, who was nominated to the federal bench by President Joe Biden in 2022 but blocked by Hyde-Smith, is competing in a state that has not elected a Democrat to the Senate since 1982. The report suggests the price of beef may be a factor in Colom's current lead.

Brief written by urgent.news from Techmeme, Fortune, The Hill — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.