Latest news with #Contracts
Daily Mail
13-06-2025
- Business
- Daily Mail
Elon Musk's role in building Trump's 'Golden Dome' missile shield in doubt after their explosive feud
The White House has tamped down talk of punishing Elon Musk 's billions of government contracts now that he and president Trump have tamped down their epic feud. But a pivotal role floated for his SpaceX company to build Trump's $175 billion Golden Dome could now be under threat. 'No efforts have been made on that front, as far as I'm aware,' is how White House Press Secretary Karoline Leavitt responded when asked whether the White House was looking at nixing Musk's contracts. That came after the president wrote publicly about terminating his 'governmental subsidies and contracts' and warned of 'serious consequences' if Musk decided to financially support Democrats while he was railing against Trump's 'big, beautiful bill' for after forecasts showed it would tack trillions onto the national debt. That came in the midst of their explosive feud that finally tamped dow n after Musk started posting favorable tweets, phoned Trump, and said he regretted 'some of my posts' in their X war. Musk companies have existing contracts estimated at $38 billion without Golden Dome. Now, the role for his company has come into question, Reuters reported, citing three people familiar with the project. It would be a major conceptual turnaround. abrupt turnaround from when Trump sat next to a graphic poster board showing a protective dome intended to shield the nation from incoming missiles. The White House had been pushing consideration of a plan where Musk's rocket and satellite company – which ferries astronauts and payloads to the International Space Station – would be a key partner in the project. Also involved would be Palantir and drone maker Anduril. And in an indication of how personalities and affiliations could be playing in the ambitious projects, a 'new framework' is now under consideration which would scrap the need for Musk's network of orbiting satellites. It would focus on 'existing ground systems for missile defense instead,' according to the report. It is unclear how this reworked system would counter the growing threat of hypersonic missiles, which can travel up to 10 times the speed of sound and change direction mid-flight. The Pentagon had been considering various plans, including some relying on multiple satellites and even space-based interceptors. A Defense official told Reuters that DOD 'has no announcements regarding future contracts associated with the Golden Dome effort.' The White House said said the administration is 'committed to a rigorous review process for all bids and contracts. Trump announced his Golden Dome to much fanfare from the Oval Office. Republicans put a $25 billion line item for it in the House version of his 'big, beautiful' bill now making its way through the Senate. ''We're going to have it at the highest level,' Trump said. 'Canada has called us and they want to be a part of it,' he said, adding that 'as usual, we help Canada as best we can.' 'We're talking about $175 billion total cost when it's completed,' Trump said. Pressed on whether military brass liked the idea, Trump responded: 'I suggested it and they all said, 'We love the idea sir.' That's the way it's supposed to be, right?' Defense Secretary Pete Hegseth called it 'a down payment on President Trump's priority to defend our homeland.' Defense contractors were scrambling this spring to submit more than 300 concept papers. Some doubt Trump's budget estimates as lowballs. Former Pentagon comptroller Dov Zakheim estimated it could cost up to $100 billion each year thorugh 2030/.
Yahoo
22-05-2025
- Business
- Yahoo
Workday Introduces Illuminate AI Agents to Revolutionize Workflows
On May 19, Workday Inc. (NASDAQ:WDAY) unveiled Illuminate AI Agents, a new generation of AI-powered tools aimed at accelerating hiring, enhancing frontline worker experiences, and streamlining financial processes. Designed to boost productivity, these agents integrate Workday's responsible AI foundation and extensive HR and finance expertise. A man in black suit holding a tablet looks at stock market data on a monitor. Photo by Tima Miroshnichenko on Pexels "The key to unlocking real business value with AI is to actively reshape the very core of how businesses operate," said Gerrit Kazmaier, Workday's President of Product and Technology. Built on a dataset of over 1 trillion annual transactions, these AI tools turn data into actionable intelligence, improving decision-making, compliance, and efficiency. Workday's new Illuminate AI Agents enhance various business functions, including hiring, legal workflows, finance, workforce management, and procurement. The Contingent Sourcing Agent speeds up temporary hiring, while the Contract Intelligence & Negotiation Agents streamline contract reviews and risk detection. The Document Driven Accounting Agent automates financial data extraction for billing and invoicing, and the Frontline Agent helps manage shifts and ensure compliance. The Self-Service Agent assists employees with inquiries and task automation, while the Supplier Contracts Agent optimizes procurement by analyzing agreements to align with contract terms. NetApp has reported millions in savings using Workday's AI, underscoring its real-world business impact. Workday's Agent System of Record enables seamless deployment, while Illuminate AI, powered by vast HR and financial datasets, ensures AI solutions align with real business needs. By focusing on practical AI applications, Workday reinforces its leadership in enterprise AI, delivering measurable value and driving business transformation. While we acknowledge the potential of Workday Inc. (NASDAQ:WDAY) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than WDAY and that has 100x upside potential, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None.
Yahoo
06-05-2025
- Business
- Yahoo
DGR Systems Expands Digital Foundations Strategy with Strategic Hires and HPE NASPO Contract Win in Florida
TAMPA, Fla., May 6, 2025 /PRNewswire/ -- DGR Systems LLC is proud to announce a significant advancement in its Digital Foundations strategy with the expansion of key service capabilities, deepening OEM partnerships, and being awarded access to the Hewlett Packard Enterprise (HPE) NASPO ValuePoint and Cloud Contracts in the state of Florida. DGR Systems Logo (PRNewsfoto/DGR Systems) This contract award is a major milestone in DGR Systems' commitment to delivering next-generation infrastructure and cloud solutions through its growing Digital Foundations portfolio. It reinforces the company's focus on providing scalable, secure, and future-ready platforms that support modernization initiatives across the public and private sectors. To support this strategic direction, DGR Systems has made targeted investments in leadership talent, including the appointment of Steve Cavendish to lead the Digital Foundations drive, and Chris Black to drive growth and maturity of DGR's professional services offerings. These hires underscore the company's mission to align its people, processes, and partnerships around delivering measurable value to customers. "Our Digital Foundations strategy is all about giving our customers the technical backbone they need to transform and thrive," said Steve Cavendish, Vice President Digital Foundations at DGR Systems. "Access to the HPE NASPO and Cloud contracts is a tangible result of our ongoing investments in OEM alignment, solution engineering, and service delivery excellence." With the HPE contract, DGR Systems is uniquely positioned to deliver high-value solutions in compute, storage, networking, and hybrid cloud—paired with expert implementation and lifecycle support from a trusted local partner. For more information on DGR Systems and its Digital Foundations offerings, visit Contact: info@ (813) 344-1615 Who is DGR Systems: DGR Systems helps organizations build resilient digital foundations, secure operations, and transform their workplaces to thrive in an evolving technology ecosystem. From digital foundations and cybersecurity solutions to cutting-edge workplace innovations, DGR Systems delivers solutions that achieve measurable results, inspires transformation, and prepares customers for tomorrow. Cision View original content to download multimedia: SOURCE DGR Systems
Yahoo
28-04-2025
- Business
- Yahoo
SAG-AFTRA National Board Approves Commercials Contracts That Prevent AI, Digital Replicas Without Consent
The SAG-AFTRA National Board approved the 2025 Commercials Contracts on Sunday in a deal that the negotiating committee says is worth $218.4 million in increased earnings and benefit plan contributions over the next three years. If ratified, the contracts would prevent performers' data and likeness from being used to train AI without consent, one-year streaming use fees would increase up to 33.33% and paid use would get a 12% increase over current Traditional Digital rates. Additionally, the agreements would see compounded increases in compensation at a rate of 5% in year one, 4% in year two and 3% in year three. 'A huge congratulations goes out to the commercials contracts negotiating committee for their diligent work in this agreement which is an important step forward for protecting the stability of performers' livelihoods during this time of major technological upheavals in the ad industry,' SAG-AFTRA president Fran Drescher said in a Sunday statement.' The committee was co-chaired by Katie Von Till and Erin Fritch who led with strength, wisdom, intellect and patience. Brava ladies! The commercials contracts are a real powerhouse when it comes to addressing tech with more AI protections than any contract so far! Well done!' 'This deal, hard-won thanks to an incredibly dedicated negotiating committee, achieves real wage growth and puts rules and a price tag on digital replica use — essential progress for a changing industry. I'm thrilled the National Board has approved this forward-thinking agreement and that members will now have a chance to review its many gains,' SAG-AFTRA national executive director and chief negotiator Duncan Crabtree-Ireland added. 'I also want to extend my deepest appreciation to our extraordinary and courageous negotiating committee, especially co-chairs Erin Fritch and Katie Von Till, and the best co-lead negotiator anyone could ask for, SAG-AFTRA chief contracts officer Ray Rodriguez.' Other tentative details from the deal include pension and health contribution rates raising from 20.5% to 23.5%, more forward disability accommodation, better protections for minor performers, first-day per diems, wage increases for singers' demos that don't air and 25% more for dancers who are asked to lip sync. Ratification votes are now due by 5 p.m. PT on May 2. The post SAG-AFTRA National Board Approves Commercials Contracts That Prevent AI, Digital Replicas Without Consent appeared first on TheWrap.
Yahoo
28-02-2025
- Business
- Yahoo
US pending home sales fall to record low in January
Contracts to buy previously owned homes fell to a record low in January as prospective buyers were constrained by higher mortgage rates and house prices. The National Association of Realtors (NAR) said on Thursday that its Pending Home Sales Index, which is based on signed contracts, declined by 4.6% last month to 70.6, an all-time low. Economists polled by Reuters had forecast contracts, which become sales after a month or two, falling by 1.3% in January. Pending home sales were down 5.2% from a year ago. "It is unclear if the coldest January in 25 years contributed to fewer buyers in the market, and if so, expect greater sales activity in the upcoming months," said NAR chief economist Lawrence Yun. "However, it's evident that elevated home prices and higher mortgages strained affordability." Mortgage Rates Fall For Fifth Week In A Row, Hover Near 7% Mortgage rates ranged from 6.91% to 7.04% in January and NAR noted that in comparison to one year ago, the monthly mortgage payment on a $300,000 home increased by an extra $50 to $1,590. Mortgage rates have since declined slightly in February to about 6.85%. Read On The Fox Business App Around the country, the number of signed contracts fell in the Midwest, South and West, but rose slightly in the Northeast. "Even a slight reduction in mortgage rates will likely ignite buyer interest, given rising incomes, increased jobs and more inventory choices," Yun added. Existing Home Sales Fall To Lowest Level In Nearly 30 Years Mortgage rates have remained elevated even as the Federal Reserve cut its benchmark interest rate by 100 basis points since September. The central bank has since paused the rate cuts in January while it weighs the impact of the Trump administration's policies on inflation, as tariffs, tax cuts and mass deportations of illegal immigrants are viewed by economists as potentially spurring inflation. Mortgage rates track the yield on the 10-year Treasury note, which has dropped in recent days amid softer economic data. However, concerns about inflation will likely limit the scope of the decline, while consumers' inflation expectations have risen on fears that tariffs will increase the price of goods. Reuters contributed to this article source: US pending home sales fall to record low in January Sign in to access your portfolio
