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Benzinga

Business

Surbhi Jain

Palantir's Pentagon Deals Look Big — Until You See What's Actually Billable

Palantir Pentagon ARMY Veterans Affairs Washington D.C.

The Palantir Trade

Palantir Technologies Inc‘s (NASDAQ:PLTR) new $10 billion Army analytics award and $385 million Veterans Affairs AI contract made waves in Washington and on Wall Street. Yet government spending data show only about $10 million of the $10 billion Army contract is currently obligated — and the VA award has no recorded obligations so far.

That gap between ceiling and cash raises a deeper question about how quickly these deals can move from contract win to booked revenue. Palantir was contacted by Benzinga for comment regarding the discrepancy between awarded and obligated funds; the company had not responded by the time of publication.

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‘It looks like a war zone’: France reels as looting continues for second night

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Police appear to have been taken by surprise by scale of looting that began after protests turned violent in Paris and other cities

The Guardian - UK

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The Independent UK

ICE agents broke US citizen’s arm as they detained him in California, officials say

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Ricardo Gonzalez was injured and taken to hospital after confrontation in Long Beach, according to officials

The Guardian - US

Gangs in Haiti target foreign troops in biggest attack since new force began operations

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The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Winter Hospital Peaks From COVID-19, Flu and RSV Expected Near Last Season's Level as Early Flu Activity Climbs

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France unrest: PM orders curfews, hints at declaring emergency; over 2,400 arrested

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France has experienced significant unrest following protests over rising living costs and public services, resulting in violence and property damage. More than 2,400 people were arrested nationwide as rioters targeted shops, city halls, and public offices. Prime Minister Sébastien Lecornu instructed local authorities to consider curfews to prevent further violence…

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