US President Donald Trump plans on imposing new sanctions on Russia unless there is a ceasefire in Ukraine, and Palantir’s skyrocketing stock is raising concerns that it’s overvalued. Plus, OpenAI released a new “open-weight” model, and Russia’s banks are coming under scrutiny over bad loans.

Mentioned in this podcast:

Trump readies fresh sanctions against Russia’s shadow fleet

Russia moves to contain concern over banks’ bad loan exposure

Palantir’s valuation is a triumph of ‘number go up’

OpenAI releases open models to compete with China’s DeepSeek

Today’s FT News Briefing was produced by Fiona Symon, Sonja Hutson, and Marc Filippino. Additional help from Blake Maples, Michael Lello, David da Silva and Gavin Kallmann. Our acting co-head of audio is Topher Forhecz. Our intern is Michaela Seah. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Is Palantir’s stock too good to be true?

FT News Briefing