Thomas Shelter

Thomas Shelter has been a keen follower of US politics for over two decades. His reporting for Congress.net primarily focuses on legislation, party politics, and business news.

AST SpaceMobile (ASTS) Director Snaps Up $619K In Shares As Short Interest Climbs To 57.5 Million

AST SpaceMobile (NASDAQ: ASTS) director Adriana Cisneros purchased 10,822 shares across three related accounts on August 31, signaling notable confidence in the embattled satellite company. The open-market purchases cost approximately $619,200 at an average price near $57.22 per share, representing a meaningful financial commitment from a board-level insider. Cisneros’s aggregate indirect ownership rose to 797,023…

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China’s Mineral Cutoff Puts Raytheon’s (NYSE: RTX) $289 Billion Backlog At Supply Chain Risk

China has restricted 12 critical minerals from US access, striking directly at the heart of next-generation directed-energy weapons programs. Bloomberg Intelligence defense analyst Wayne Sanders explained that older laser weapons “were the size of buildings” because of the enormous power demands they required. The directed-energy trade rests on shrinking that massive footprint down to something…

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NRCC Steps In With TV Ad Support For Rep. Max Miller As Domestic Abuse Allegations Threaten Ohio Seat

The National Republican Congressional Committee is coordinating new television ad spending alongside Rep. Max Miller (R-Ohio) in a significant show of institutional support. The move signals growing Republican anxiety about potentially losing Miller’s House seat as he battles serious personal allegations that have roiled his reelection campaign. The NRCC, the political organization dedicated to electing…

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Russia Calls Talks With US Envoys Witkoff And Kushner “Highly Useful” As Peace Efforts Resume

Russian officials are describing closed-door talks with two senior American envoys as a meaningful step forward in efforts to revive stalled peace negotiations. Yuri Ushakov, a foreign-policy adviser to Russian President Vladimir Putin, said the discussions produced substantive engagement rather than a simple exchange of diplomatic pleasantries. Ushakov confirmed that US envoys Steve Witkoff and…

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Navy Modernization Contracts Boost GE Aerospace (GE) And RTX (RTX) As Stocks Pull Back

Naval modernization spending is creating significant tailwinds for defense contractors GE Aerospace and RTX, even as their stock prices have recently retreated. The U.S. Navy has been awarding modernization contracts that directly benefit both GE Aerospace and RTX, positioning them favorably within the broader defense sector. Despite the positive contract momentum, shares of both GE…

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AI And Crypto Super PACs Pour $294 Million Into 2026 Midterms, Reshaping Primary Outcomes

Super PACs backed by the crypto, AI, and pro-Israel donor communities have emerged as the dominant outside spending forces in the 2026 midterm primaries. Combined, these groups have spent more than $180 million in independent expenditures so far, according to a review of Federal Election Commission records. Their primary targets have been Democratic primaries, where…

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