Palantir reaches $190, its highest in a year
Palantir stock hit $190, a yearly high, after CEO meetings with European leaders, a U.S. Army contract, and a Chipotle pilot.
Bangladesh orders additional Boeing jets to reduce risk of US tariffs on garment exports, expanding deal to 25 aircraft.
This purchase modestly increases Boeing's backlog of widebody and narrowbody jets, yet its diplomatic significance outweighs the financial one. Aircraft remain a tool for governments trying to ease US trade pressure. Bangladesh's goal is to shield its garment sector, which accounts for most of its export revenue; any hint of better US trade conditions would boost confidence in that industry. The ongoing evaluation of Airbus proposals maintains a competitive dynamic, indicating that Dhaka is weighing American goodwill against fleet cost considerations. With delivery timelines extending into the 2030s, the immediate financial effect on either manufacturer is small.
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By purchasing American aircraft, Bangladesh aims to safeguard its access to the US market, wagering that an expanded Boeing deal will give its garment exporters a measure of tariff relief.
Here is a summary:
On Wednesday, officials announced that Bangladesh plans to purchase 11 additional Boeing planes, raising Biman Bangladesh Airlines' total intended orders with the American manufacturer to 25 jets. This move is part of Dhaka's efforts to strengthen trade links with Washington and avert the threat of increased tariffs on its exports.
Boeing stated that Biman has ordered five 787-10 Dreamliners and six 737-8 aircraft, and the deal is expected to be signed in New York. US Ambassador to Bangladesh Brent Christensen confirmed the purchase on Facebook, calling it a beneficial outcome for both parties.
This agreement follows an April deal valued at roughly $3.7 billion for 14 Boeing planes, including 10 Dreamliners and four 737 MAX 8s, with deliveries scheduled between 2031 and 2035. Biman is modernizing its fleet to boost capacity and enhance connectivity.
The purchase is fundamentally about trade policy. Bangladesh wants to buy more from the US to reduce a trade gap of around $6 billion and lower the risk of tariff hikes that could harm its export-reliant economy. The garment industry, the core of the country's exports, is especially vulnerable to any US trade restrictions. Buying high-profile American products like aircraft provides a way to demonstrate goodwill while directly tackling the trade imbalance.
The deal does not exclude European involvement. Airbus is still a contender for future business, as a government-appointed technical committee reviews a proposal to purchase 10 of its planes.
For Boeing, this order boosts its order book and highlights how aircraft purchases can function as a trade diplomacy instrument for governments trying to ease tariff pressures. For Bangladesh, the issue now is whether this expanded commitment will be sufficient to obtain more consistent trade conditions for its exporters, and whether a simultaneous Airbus decision might undermine that signal.
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