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0.00070620095130808 0.00061836794484315 0.00335946512646473 0.00433211251349169 0.000561777551416088 -0.00353748907245413 -0.00306590246056218 -0.00442171396975127
Stock impact report

Treasury Secretary Scott Bessent says defense giants are 'failing the American people' by falling behind on orders [Business Insider]

Palantir Technologies Inc. - Class A (PLTR) 
This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in Treasury Secretary Scott Bessent took aim at US defense contractors on Tuesday. He said they've "let down the American people" by falling behind on fulfilling government orders. Bessent warned of an "economic apocalypse" if Taiwan's microchip industry is blockaded or destroyed. Treasury Secretary Scott Bessent issued a stinging rebuke of US defense companies on Tuesday, saying they've fallen short of their patriotic duty by not delivering weapons on time. "These defense contractors have let down the American people," Bessent said during a livestreamed conversation at the World Economic Forum in Davos, Switzerland Bessent said they were "five, six, seven years behind on fulfillment of their contracts," despite owing their existence to the US government's need for military supplies. "So I do not think it is unreasonable to tell them tha Show less Read more
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