Washington, Nov. 5 -- American entrepreneur and politician Vivek Ramaswamy on Wednesday issued a stern warning to the Republican Party following Democrats' sweeping victories in key races across the United States. Speaking on X, Ramaswamy described the results as a wake-up call, urging the party to refocus on economic issues and abandon identity politics.

"We got our defeat handed to us in New Jersey, Virginia, and New York City. Democrats swept all," Ramaswamy said in a video shared on X. "There are two key lessons for Republicans. Listen carefully: Number one, our side needs to focus on affordability, make the American dream affordable. Bring down costs: electric, grocery, healthcare, and housing. Lay out clearly how we're going to do ...