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.

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Next-Generation Weight-Loss Drugs Aim To Outperform Zepbound (LLY) And Wegovy (NVO) On Side Effects And Results

A new wave of experimental weight-loss drugs is drawing serious attention from researchers and patients frustrated with the limitations of current GLP-1 medications. Drugs like Zepbound and Wegovy have transformed obesity treatment, but persistent side effects such as severe nausea and vomiting remain a significant barrier for many patients. Scientists are now developing alternatives that…

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Blowout May Jobs Report Hammers Stocks But Leaves Fed Rate Hike Path Unclear

U.S. employers added 172,000 jobs in May, far exceeding the roughly 88,000 economists had anticipated, sending shockwaves through financial markets. The unemployment rate held steady at 4.3%, offering little comfort to investors who were already on edge about the trajectory of Federal Reserve policy. Markets responded swiftly and sharply, with growth and technology stocks bearing…

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Chip Sector Suffers Worst Single-Day Collapse In Six Years As Marvell (MRVL) And Micron (MU) Lead Losses

The semiconductor sector endured its most brutal single-day rout in six years on June 6, 2026, dragging major indexes sharply lower across Wall Street. The iShares Semiconductor ETF dropped 10% on the day, marking its worst performance since March 2020, as panic selling swept through the once-dominant chip trade. Marvell Technology (MRVL) fell more than…

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Nasdaq Posts Biggest Point Drop On Record As Chip Stocks Trigger $1.8 Trillion S&P 500 (SPX) Wipeout

Friday’s brutal selloff wiped $1.8 trillion from the S&P 500 (SPX) as a collapse in semiconductor shares sent shockwaves across Wall Street’s major indexes. The Nasdaq Composite fell 1,121.53 points, or 4.18%, to 25,709.43, marking its worst single session since April 2025. The S&P 500 shed 200.57 points, or 2.64%, closing at 7,383.74, its steepest…

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