Palantir Technologies Inc. (PLTR), Wednesday announced a $300 million Blanket Purchase Agreement with the U.S. Department of Agriculture to support the National Farm Security Action Plan and modernize how USDA delivers services to America's farmers.
Through this agreement, Palantir would empower USDA with core capabilities that will enable it to secure American farmland, enhance supply chain resilience, and shield agricultural programs from fraud, abuse, and foreign adversary influence.
Additionally, Palantir is helping USDA's field staff with mobile digital tools that help them work efficiently, reduce administrative burdens, and accelerate services and payments to farmers.
PLTR is moving up 3.58 percent, to $151.20 on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.