Thomas Shelter, Author at CONGRESS.NET

AST SpaceMobile (ASTS) Surges To Three-Week High As Satellite Tests Gain Defense Support And European Carriers Eye Starlink Rival

Thomas ShelterSeptember 9, 202605 mins

Shares of AST SpaceMobile (ASTS) climbed to a nearly three-week high on Tuesday, driven by fresh regulatory filings and growing momentum around satellite broadband competition. ASTS stock jumped 6% during Tuesday’s session and added another 0.4% in overnight trading ahead of Wednesday’s open. AST’s unit, AST & Science, filed with the Federal Communications Commission on…

Bombardier (BBD) Stock Slides As Trump Threatens U.S. Market Ban Amid Canada Trade War

Thomas ShelterSeptember 8, 202604 mins

Bombardier shares fell sharply after President Donald Trump threatened the Canadian private jet maker’s access to the lucrative U.S. market, which accounts for roughly half of the company’s total sales. Shares slipped 3% in morning trading after opening down as much as 6.4%, reflecting investor concern over the escalating trade dispute between Washington and Ottawa….

Republican Midterm Convention Struggles To Broaden Message Beyond Trump

Thomas ShelterSeptember 8, 202604 mins

The Republican Party held its first-ever midterm convention in Dallas on September 9 and 10, with President Trump delivering keynote speeches on both nights of the event. Vice President JD Vance, former White House Press Secretary Karoline Leavitt, and Republican leaders and candidates from across the country joined Trump at the two-day gathering. Party strategists…

Trump-Backed Anthony DiLorenzo Wins New Hampshire GOP Primary For Open House Seat

Thomas ShelterSeptember 8, 202604 mins

DiLorenzo secured the Republican nomination for New Hampshire’s 1st Congressional District, defeating fellow GOP contender Hollie Noveletsky in Tuesday’s primary election. Decision Desk HQ projected DiLorenzo as the winner, setting up what is expected to be a highly competitive general election race with significant implications for House control. Noveletsky, a military veteran and businesswoman, mounted…

Quantum Computing Stocks RGTI, QBTS, And QNT Surge As U.S. Government Takes Equity Stakes In $2 Billion Initiative

Thomas ShelterSeptember 8, 202603 mins

Three major publicly traded quantum computing companies are seeing significant stock price gains after securing landmark funding agreements with the federal government. Rigetti Computing (Nasdaq: RGTI), D-Wave Quantum (Nasdaq: QBTS), and Quantinuum (Nasdaq: QNT) each finalized agreements with the U.S. Department of Commerce’s CHIPS Research and Development Office for $100 million apiece. The funding is…

Homeowner Faces Dilemma After One Son Wants To Build $400,000 House On Family Property

Thomas ShelterSeptember 8, 202604 mins

A parent is wrestling with a significant financial and family decision after one of their two sons expressed interest in building a home on the family’s property. The proposed construction carries an estimated cost of $400,000, a figure that represents roughly 30% of the property’s current total value. A key legal complication shapes the entire…

Republicans Gather In Dallas Hoping Trump Stays Out Of The Spotlight

Thomas ShelterSeptember 8, 202603 mins

The Republican Party is holding an unprecedented midterm convention in Dallas on September 9 and 10, aimed at energizing its base ahead of elections. Party officials, donors, candidates, and lawmakers have converged on Dallas for the two-day event, hoping to present a unified and forward-looking message to voters. Many Republicans attending the convention are quietly…

Democrats Double Their Lead Among Latino Voters In Key Battleground House Districts

Thomas ShelterSeptember 8, 202604 mins

A new poll reveals Democrats have made sweeping gains among Latino voters in competitive House districts, a shift that could reshape the battle for congressional control. The Hart Research/TelevisaUnivision poll, shared with Axios, shows Democrats holding a 58 percent advantage on the generic congressional ballot across 17 competitive House districts. Republicans are winning the support…

Commerce Department Takes Equity Stakes In Quantum Firms As Rigetti (RGTI) Surges 6% And D-Wave (QBTS) Climbs 5%

Thomas ShelterSeptember 8, 202604 mins

The U.S. Commerce Department has finalized CHIPS Act funding awards that hand the federal government minority, non-controlling equity stakes in two quantum computing recipients. Rigetti Computing (NASDAQ: RGTI) jumped 6% to $16.13 in early trading, while D-Wave Quantum (NYSE: QBTS) climbed 5% to $17.46 on matching award terms. Both companies signed definitive agreements with the…

Amazon (AMZN) And AT&T (T) Form Satellite Alliance To Take On SpaceX’s Starlink

Thomas ShelterSeptember 8, 202603 mins

Amazon and AT&T announced a sweeping strategic partnership on February 4, 2026, combining orbital satellite capabilities with terrestrial fiber infrastructure in a direct challenge to SpaceX. The agreement centers on Amazon Leo, the newly rebranded commercial arm of Amazon’s Project Kuiper, which will serve as a primary satellite connectivity layer for AT&T’s business and public…