** Shares of cloud firm Oracle ORCL.N and IT services firm Leidos LDOS.N fall between 2% and 3% premarket
** The U.S. Department of Defense will terminate a program that uses Oracle and Leidos' technology for streamlining the department's HR information, Bloomberg News reports, citing a memo
** Additional spending on the project "would be throwing more good taxpayer money after bad," Defense Secretary Pete Hegseth said in the memo
** Oracle and Leidos did not immediately respond to Reuters' requests for comment
** Hegseth wrote that the program and other associated contracts are six years behind schedule and more than $280 million over budget - BBG report
** Shares of Leidos are trading at $131 and rose ~33% last year, while Oracle is trading at $142.89 and jumped 58% in 2024
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。