FT News Briefing Palantir sales growth cheers Wall Street, Poland threatens EU budget, Denmark mink culling
Nov 13, 2020
Palantir surpasses Wall Street expectations with impressive sales growth after going public. As tensions rise, Poland's prime minister threatens to reject the EU’s next budget over rule of law concerns. Meanwhile, Denmark is facing backlash for its decision to cull millions of mink due to COVID-19 mutations, sparking heated debates about public health and animal rights. Additionally, the U.S. Senate gears up to vote on a controversial nominee for the Federal Reserve, hinting at potential shifts in monetary policy.
AI Snips
Chapters
Transcript
Episode notes
Palantir's Success
- Palantir's revenue growth accelerated to almost 50% in the first nine months of 2020, exceeding Wall Street's forecasts.
- This growth is attributed to new U.S. Army contracts and reduced reliance on a few large customers.
Unconventional Fed Nominee
- Judy Shelton, a controversial nominee to the Federal Reserve Board, is known for her unconventional views.
- She advocates for the gold standard and has compared the Fed's role to Soviet economic planning.
EU Budget Dispute
- Poland and Hungary threaten to block the EU budget over rule-of-law conditions on funding.
- This could affect their access to substantial pandemic recovery funds.