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Trump is privately weighing a replacement for Defense Secretary Pete Hegseth following Republicans’ midterm defeat, CBS reported via @DeItaone. Prediction markets now assign an 88% probability that Hegseth departs before April 2027, with 84% pricing an exit before February. The surge in exit odds signals traders are treating the midterm fallout as a direct threat to Hegseth’s tenure. Watch for a formal White House announcement and any further repricing of the near-term February contract.

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Pete Hegseth, Donald Trump, CBS