In a letter sent Monday to the inspectors general for the Department of Homeland Security and the Department of Defense by a group of Democrats led by Massachusetts Senator Elizabeth Warren and Maryland Representative Jamie Raskin, the lawmakers express concern that immigration contractors are “potentially receiving lucrative, no-bid contracts” because of their proximity to Trump administration officials and ask for an inquiry into personal, professional and financial ties between those officials and contractors. The letter specifically calls out Palantir (PLTR), stating in part: “Several companies provide DHS with surveillance technology and data-analysis services. For example, the software giant Palantir for years has helped ICE determine the identities and locations of immigrants to target for arrests and deportation, but is seeing an increased influx in cash during this Administration.”
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PLTR:
- ‘More Than Meets the Eye,’ Says Top Investor About Palantir Stock
- PLTR vs. SMCI: Which AI Stock Do Analysts Prefer Right Now?
- ‘It’s a Big Moment,’ Says Dan Ives About Palantir Stock
- Broadcom (AVGO) vs. Palantir (PLTR): Which AI Stock Is a Better Pick, According to Analysts?
- Palantir Technologies: AI Momentum Fuels Stock Surge
