Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

Good morning. Today is Thursday, February 20th. I'm Julie Morgan. Palantir drops as the Pentagon sets priorities.

Airbus aims high, and Amazon is pulling the plug on one of its services.

Palantir Technologies fell more than 10% on Wednesday and is down nearly 2% in pre-market action.

This after a memo obtained by the Washington Post from the Defense Secretary,

called for an 8% cut to the defense budget over each of the next five years.

The news outlet added that the proposed cuts are required to be drawn up by February 24th.

There are 17 categories that are said to be exempted from the cuts, including security at the southern U.S. border,

the modernization of the U.S. nuclear weapon arsenal and missile

defense, one-way attack drones and other areas. News of the potential cuts were first reported

over the weekend. Palantir did not immediately respond to a request for comment from seeking

Alpha. Airbus is expecting to deliver more planes in 2025 compared to a year ago, even as it

faces continued supply chain challenges and broader uncertainty in light of global trade

tensions.

The European aircraft maker expects to deliver around 820 commercial planes this year, slightly lower than the

consensus estimate of 824 jets, but higher than 766 deliveries in 2024. The outlook assumes no

additional disruptions to global trade, air traffic, the supply chain, and Airbus's internal operations.

It also excludes the impact of potential new tariffs on the company's business.

Airbus pushed the entry into service date for the A350 freighter variant to the second half

of 2027 from its earlier target of 26.

The company continues to target a monthly production rate of

12 A350s in 2028 and 14 A220s in 2026. The A320 family continues to ramp up towards a rate of 75

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