00:00 Speaker A
It's time for Yahoo Finance's market minute. Stocks are retreating today as President Trump dents hopes for a truce between Israel and Iran. The president calling for Iran's quote unconditional surrender in a Truth Social post, also saying that patience is wearing thin. Meanwhile, Palantir shares are under pressure as it faces potential competition from OpenAI. The US Department of Defense announcing that it awarded OpenAI a $200 million contract. William Blair says this is quote one of the largest Department of Defense contracts given to a software provider when measured by annual contract value. And Nio and Xpeng getting an upgrade at Goldman Sachs. The firm raising its rating on Nio from sell to neutral, while lifting its rating on Xpeng from neutral to buy. Goldman highlighting improving cost structures and new product strategies. And that's your Yahoo Finance market minute. For more on what's trending on Yahoo Finance, you can scan the QR code below to track the best and worst performing stocks of the session.
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