On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
- USA Rare Earth (USAR) shares rose on word that the company is in close communication with the Trump administration, when asked whether the company would be open to a deal with the US government.
- Rumble (RUM) share rallied after it entered a strategic partnership with Perplexity to develop a new subscription model combining the pro features of each platform.
- Palantir (PLTR)'s stock fell more than 8% on Friday following a report that its battlefield communications system, along with that of defense tech firm Anduril, was seriously flawed — a claim both companies said was out of date and inaccurate. In a statement Friday, Palantir said that issues in the report, published by Reuters, had already been addressed. The report centered on a September Army memo expressing concerns over Anduril’s NGC2 prototype system, which stands for Next Generation Command and Control, and includes subcontractors Palantir and Microsoft Corp. The Army has said the problems with the system were “mitigated immediately,” Palantir said, adding, “No vulnerabilities were found in the Palantir platform.”