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The Latest Breaking News from DoD

Hegseth Cancels Defense Contracts. IT Government Contractors Sell Off.

Shares in IT government contractors Booz Allen, Gartner tumbled after Secretary of Defense Pete Hegseth said the Pentagon was canceling $580 million in contracts.

Investors Business Daily

Allies Cancel Orders of F-35s, the Fighter Jets That Will Cost $2 Trillion

The U.S., in turn, should cancel the F-35 program altogether.

Reason

If You Want To Cut Government Spending, You Can't Ignore the Pentagon

Since Congress began requiring annual audits in 2018, the Department of Defense has never passed.

Reason

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Major Oracle outage hits US Federal health record systems

VA, DOD and other medical facilities all affected by Oracle outage, which was reportedly fixed with a system restart.

TechRadar

High-Flying Defense Stocks Tumble: Market Jitters or DoD Cuts?

The DoD's plan to cut its budget by $50 billion annually over five years triggered sharp declines in high-flying defense and tech stocks like Palantir and Axon.

MarketBeat

PLTR Is Falling on Defense Budget Woes But These 4 Politicians Just Bought Palantir Stock

These lawmakers suggest that there is reason to be confident in Palantir even as investors panic

Barchart

Pentagon Issues Memo Seeking To Kick Out Transgender Troops From Military Service

The Pentagon issued a new policy through a legal memo that seeks to "separate" transgender service members from the military, and those who want to stay will need to adhere to severe restrictions in their daily activities in service.

International Business Times

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Palantir Stock Nears Bear Market Territory - Why and What’s Next?

Palantir stock is now in a bear market with a drop of over 20% since February 19; long-term investors should expect volatility, but be careful not to panic

MarketBeat

Fresh Starts on Starter Homes

Lawmakers in Arizona and California are attempting to overcome local resistance to meaningful starter home reforms.

Reason

BigBear.ai: Is It Opportunity Knocking or a Trap Door?

BigBear.ai's stock has tumbled from recent highs, creating a potential entry point if the company can overcome significant market headwinds.

MarketBeat

Archer Aviation Stock Skids: Mistaking Progress for Bad News?

ACHR stock continues to sell-off; investors are selling the news of a capital raise and possible defense cuts, but upcoming earnings could stop the skid

MarketBeat

US personnel office walks back email ultimatum from Musk to workers

OPM says failure to respond to email will not be considered resignation but Trump ally digs in and threatens job losses

The Guardian - US

Here’s how many billions Elon Musk’s companies are making from U.S. taxpayers

While their boss takes a sledgehammer to federal agencies, SpaceX and Tesla are earning big money from government contracts, writes Io Dodds

The Independent UK

Wedbush: Defense Budget Cuts Will Help, Not Hurt Palantir Stock

Wedbush analyst Dan Ives explained why news that Trump has ordered the Pentagon to cut its budget is positive for Palantir stock.

Barchart

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The Conversation

How medical treatments devised for war can quickly be implemented in US hospitals to save lives

For decades, military doctors faced a critical challenge: What’s the best way to safely and effectively deliver oxygen to patients in remote combat zones, rural hospitals or disaster-stricken areas?

The Independent UK

Julianne Moore in ‘great shock’ after her book is ‘banned by Trump administration’

Books is reportedly under review to ensure it is not ‘potentially related to gender ideology or discriminatory equity ideology topics’

Top News

US Army Helicopter Collides With Passenger Plane Near Washington, DC

US Army helicopter collides with passenger plane near Reagan National Airport, causing travel disruptions. DoD monitoring closely.

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