Live updates: 2024 presidential election

Asian markets are broadly higher during mid-afternoon trade, tracking gains on Wall Street, as Trump edged ever closer to the presidency.

Japan's Nikkei 225 closed 2.6% higher, while Australia's S&P ASX gained 0.8%.

Some background: Last month, Japanese voters delivered a stinging rebuke to their country's longtime ruling party, led by Prime Minister Shigeru Ishiba. Japan's Liberal Democratic Party, which has governed almost continuously since 1955, lost its parliamentary majority in the powerful lower house for the first time in 15 years.

On Wednesday, Chinese shares bucked the regional trend. The Shanghai Composite Index was in negative territory, while Hong Kong's Hang Seng index was trading 2.7% lower.

US stocks rallied in after-hours trading on Tuesday night and bitcoin hit a new record as Wall Street digested early presidential election results.

Former President Donald Trump's allies are already discussing potential administration positions, three sources familiar tell CNN.

Those with particular positions in mind have begun reaching out to members of Trump's inner circle to try and talk themselves up.

Trump, who is known to be superstitious, largely avoided these conversations in recent weeks, despite allies trying to position themselves favorably.

Occasionally he would float names as possible administration picks, but would not engage further. This is likely going to be impossible moving forward, as those who believed they proved their loyalty to Trump begin ramping up their efforts.

Israeli Prime Minister Benjamin Netanyahu congratulated Donald Trump on "history's greatest comeback," as the former US president appeared poised to clinch victory in the US presidential election.

CNN has not yet called the race: Votes are still being counted across several states. However, according to CNN projections, Trump only needs four more electoral votes to win the presidency.

Trump, who often claims he was the most pro-Israel president in modern history , once touted his close, personal relationship with Netanyahu. But their relationship has soured in recent years, and the former president has been reluctant to speak with him throughout the ongoing war this past year.

During his administration Trump enacted multiple policies to Israel's benefit, including moving the US embassy in Israel from Tel Aviv to Jerusalem, recognizing Israel's sovereignty over the Golan Heights and backing multiple countries in Middle East and North Africa to normalize relations with Israel as part of the Abraham Accords.

Netanyahu previously called Trump the greatest friend Israel has ever had and heralded him for "unequivocally" standing by Israel during Trump's tenure as commander in chief.

Former President Donald Trump told his supporters early Wednesday that this moment will "help this country heal."

According to CNN projections, Trump only needs four more electoral votes to win the presidency. CNN has not yet called the race for the former president and votes are still being counted in several states.

"We have a country that needs help and it needs help very badly. We're going to fix our borders and we're going to fix everything about our country," Trump said.

"It's now clear that we've achieved the most incredible political thing... look what happened, is this crazy?" Trump added.

At a convention center in West Palm Beach, Florida, Trump promised Americans that "every single day I will be fighting for you" and said he would usher in the "golden age of America."

Trump was joined on stage by members of his family and his wife, Melania Trump, as well as his running mate, JD Vance, and House Speaker Mike Johnson.

This post has been updated with additional remarks from Trump.

Some of the remaining ballots left to be tabulated in Detroit are being brought into the city's counting center, a top official said in the early hours of Wednesday.

City election workers had been waiting for a final batch of 4,500 ballots to be delivered. A portion of those ballots are now in the convention center where votes are being counted, while other ballots from that tranche are still undergoing signature verification before they can be tabulated.

"That's it tonight," Detroit Elections Department Chief Operating Officer Daniel Baxter told reporters, adding that as signatures are verified on the outstanding ballots, they'll be brought into the center to be counted.

The 86,000 absentee ballots that Detroit was able to count ahead of Election Day, thanks to Michigan's new laws, have already been reported to Wayne County, Baxter said.

About 14,000 absentee ballots were received in the city today, including the 4,500 that are being processed currently.

Former President Donald Trump celebrated Republicans winning control of the Senate while speaking at an address to supporters early Wednesday morning. CNN has projected the GOP will win control of the Senate in a significant victory for the party.

"America has given us an unprecedented and powerful mandate. We have taken back control of the Senate – wow that's good," he told his supporters.

CNN has not yet called the race for the former president and votes are still being counted across several states, however according to CNN projections he only needs four more electoral votes to win the presidency.

"And the Senate races in Montana, Nevada, Texas, Ohio, Michigan, Wisconsin, the great Commonwealth of Pennsylvania were all won by the MAGA movement they helped so much," Trump said.

"The number of victories in the Senate was absolutely incredible," he added.