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Tesla CEO and X owner Elon Musk addresses a stadium audience in Washington, DC, on Inauguration Day.

USA Today Network via Reuters

Hard Numbers: DOGE cuts boost Palantir stocks, Shooter rampages at Swedish school, Trump makes “rare” demand of Ukraine, Rebels in DRC announce ceasefire

25: Who benefits from Elon Musk’s burgeoning crusade to slash US government spending? One immediate answer is the data analytics firm Palantir, whose stock value shot up 25% on Tuesday due to what the company’s boss Alex Karp described as a “revolution” that would be “good for Americans.” Palantir, owned by tech titan Peter Thiel, a big backer of Vice President JD Vance, generates roughly two-thirds of its US revenue from government contracts.
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