Two defense tech giants, Palantir and Anduril, are in talks with tech firms like SpaceX and OpenAI to create a consortium to compete for Pentagon contracts, aiming to challenge established defense contractors like Lockheed Martin. The goal is to establish a new generation of defense contractors and provide the government with cutting-edge technology more efficiently. Initial partnerships may be announced in January, following an integration between Palantir’s AI Platform and Anduril’s Lattice software.
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Higher U.S. tariffs will extend uncertainty for businesses, experts say. Here’s why.
President Trump's executive order increasing tariffs on U.S. imports may lead to higher consumer prices and uncertainty for businesses, with tariffs starting at 15% for most countries and potentially exceeding 40% for others. Economists warn that this could raise costs for common imports like clothing and appliances, potentially averaging $2,048 annually for Americans, while the White House claims these measures will bolster American manufacturing and exports. Want More Context? 🔎
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