Trending Now
We have updated our Privacy Policy and Terms of Use for Eurasia Group and its affiliates, including GZERO Media, to clarify the types of data we collect, how we collect it, how we use data and with whom we share data. By using our website you consent to our Terms and Conditions and Privacy Policy, including the transfer of your personal data to the United States from your country of residence, and our use of cookies described in our Cookie Policy.
{{ subpage.title }}
Why life sciences are critical to national security
Listen: What if the next virus isn’t natural, but deliberately engineered and used as a weapon? As geopolitical tensions rise and biological threats become more complex, health security and life sciences are emerging as critical pillars of national defense.
In the premiere episode of “The Ripple Effect: Investing in Life Sciences”, host Dan Riskin is joined by two leading voices at the intersection of biotechnology and defense, Dawn Meyerriecks, former CIA Deputy Director for Science and Technology and current member of the National Security Commission on Emerging Biotechnology, and Jason Kelly, co-founder and CEO of Ginkgo Bioworks. Together, they explore the dual-use nature of biotechnology and the urgent need for international oversight, genetic attribution standards, and robust viral surveillance. From pandemic preparedness and fragile supply chains to AI-driven lab automation and airport biosurveillance, their conversation highlights how life science innovation strengthens national resilience and strategic defense.
This timely conversation follows the June 25th, 2025 Hague Summit Declaration, where NATO allies pledged to invest 5% of GDP in defense by 2035—including up to 1.5% on resilience and innovation to safeguard critical infrastructure, civil preparedness, networks, and the defense industrial base. This limited series, produced by GZERO’s Blue Circle Studios in partnership with Novartis, examines how life science innovation plays a vital role in fulfilling that commitment.
Key takeaways from the 2025 NATO Summit
In this episode of Europe in :60, Carl Bildt discusses the outcomes of the NATO Summit and where Europe stands with the Israel-Iran conflict.
U.S. President Donald Trump, German Chancellor Friedrich Merz and NATO Secretary General Mark Rutte at a NATO leaders summit in The Hague, Netherlands June 25, 2025.
Three takeaways from the NATO summit
But, as the world’s most powerful military alliance moves into a new and more robust phase, here are three things to ponder.
First, this was a win for Trump.
Donald Trump’s Reality TV approach to global politics is working. The US president has leveraged his country’s awesome military power, along with his own personal unpredictability and media savvy, to command the spotlight and advance his “America First” agenda. In this world, international meetings are merely backdrops for the Donald Trump show.
At the G7 summit in Alberta 10 days ago, he wrestled control of the world’s attention by leaving early to respond to the military conflict between Israel and Iran. After bombing Iran’s nuclear facilities, he announced a ceasefire between Israel and Iran that he initially sought to manage in CAPITAL LETTERS on social media. Flying off to the NATO summit, he published an ostensibly private text message from NATO Secretary General Mark Rutte, in which the mild-mannered former Dutch prime minister flattered Trump for his “decisive” bombing of Iran and insisted the president was headed to another major triumph at the meeting in The Hague.
“Europe is going to pay in a BIG way, as they should, and it will be your win,” Rutte wrote, accurately.
Rutte in fact set up the summit as an extended ceremony of capitulation. He even called Trump “daddy” in an exchange about wrangling peace between Iran and Israel. It looked undignified, and out of step with the attitudes of European voters who are largely hostile to Trump. But it worked. The alliance is paying more for defense, and Trump now seems to be a staunch supporter of NATO again.
Note: Trump is hardly the first US president to demand that NATO members shoulder more of the alliance’s defense burden. But he is the first to get them to actually do it so decisively. The most powerful unscripted drama in the world is playing out in Trump’s favor.
Second, the rearming of Europe has begun.
Europe’s voters, accustomed to social democracies that spend a lot of money on public services, might rather their governments spend money on butter, but they have come to see that they must buy guns. Russian President Vladimir Putin’s invasion of Ukraine has made it necessary. Last year, Putin spent $149 billion on the Russian military, 7.1% of the country’s GDP, creating a vast and menacing war machine on Europe’s doorstep. And it is not possible to be confident that Russia’s ambitions are limited to Ukraine, since Russians are engaged in sabotage and disruption actions in many countries.
Could Europe contain Russia on its own? Not anytime soon. A recent study found it would take 25 years and a trillion dollars to replace the US presence that has largely kept the peace on the continent since the end of the Second World War.
But the rearmament of the continent has already begun, most swiftly in the parts closest to Russia. Poland, which has the example of Ukraine to consider, increased defense spending by 31% in 2024, to $43 billion, straining its ability to pay. Germany spent $88.5 billion in 2024, removing a legislated debt limit to do so. It is now, for the first time since reunification in 1990, the biggest defense spender in Western Europe. France spent $64.7 billion in 2024, the UK $81.8 billion. On Wednesday, they all agreed to spend a lot more.
Third, higher defense spending is a promise but not yet a reality.
Trump is mollified, arms manufacturers are cheerful, and a clear signal has been sent to the Russians, but only time will tell if NATO members will do as they have said they will. Politicians setting targets is one thing, actually spending the money is another.
After all, there is only so much money to go around and, in democracies where voters can be fickle, it may be hard for leaders to ramp up defense spending consistently over the course of a decade.
Some of them can’t even do it now: Spanish Prime Minister Pedro Sánchez showed up in the Hague with the right script, but without his checkbook, because he leads a minority government that would not be able to pass a budget if he aimed for the 5% target.
Canadian PM Mark Carney, for his part, promised Canada will hit the target, doubling its budget by 2035, but it is not clear whether voters there — or in Spain or other countries that don’t have Russian troops on their borders — will want to keep spending so much money. And by 2035, most of the current leaders will likely not be in power.
There is another wild card too: Russia. Global military spending increased at 9.4% last year, the steepest increase since the end of the Cold War, which ended when the Soviet Union ran out of money.
If history repeats itself, and Russia is unable to sustain its aggression, voters in NATO countries will no doubt find they have better things to spend on, and there will be no way to hold them to the commitments Trump won this week.
Zohran Mamdani gestures as he speaks during a watch party for his primary election to become the Democratic candidate for New York City mayor on June 25, 2025.
What We’re Watching: Far-left upstart wins NYC mayoral primary, NATO members to boost defense spending, Iran nuclear damage in doubt
Upstart wins mayoral primary in New York
In a stunning political upset with national implications, Zohran Mamdani, a 33-year old Democratic Socialist, won New York City’s Democratic mayoral primary, defeating centrist former New York Governor Andrew Cuomo. In heavily blue NYC, the Democratic primary winner usually wins the November general election. Mamdani, though, will face a strong backlash from Wall Street power brokers and centrists like current Mayor Eric Adams, who will likely challenge him as an Independent. National-level Dems are closely watching the race. As the party seeks a path back from the wilderness, it faces a widening internal rift between progressives and establishment-oriented centrists.
NATO summit agrees to massive defense spending increases
The 32-member alliance formally agreed to US President Donald Trump’s demand that they boost defense-spending targets from 2% to 5% of GDP, with the goal of achieving this by 2035. Some countries appear to be getting a headstart: Germany pledged a 70% increase in spending by 2029, the United Kingdom is buying jets that can drop nuclear weapons, while Poland wants to get close to the 5% target this year. However, the steep costs could increase pressure on European government budgets, which are renowned for upholding their end of the social contract.
How badly damaged is Iran’s nuclear program?
Four days after US President Donald Trump’s Midnight Hammer struck three key Iranian nuclear facilities, the effects are still unclear. A new US intel report says the mission set back Tehran’s atomic ambitions by only a few months – Trump disputes this. It’s also uncertain what Iran did with the uranium it has already enriched. The stakes are high: if Tehran can in fact revive its program in short order, the US-Israeli assault will be seen as a costly and risky failure.
Are NATO allies aligned on Iran?
On Ian Bremmer’s World in 180 Seconds: Ian unpacks US strikes on Iran, Russia’s stance on the conflict, and the future of the United Nations at 80.
Are US strikes on Iran exposing cracks in NATO? Not according to Ian Bremmer. In this week's World in :60, Ian says, “On Iran, NATO allies are pretty aligned. They consider Iran an implacable enemy... and don't support regime change.” Even with divergent views on Israel, NATO countries are backing US actions to counter Iran’s nuclear capabilities.
On Russia’s role? It’s complicated. While Russia could help Iran, Ian emphasizes that “what they don’t have is the willingness.” The Iran-Russia relationship remains transactional, "not strategic," and Moscow’s threats over recent strikes are “all bluster.”
Finally, as the UN marks its 80th anniversary, Ian reflects on its evolving role: “Having a forum where all countries… share information and understand each other better is becoming more important, not less.” It’s not global government, but it is a critical global resource.
Russian President Vladimir Putin shakes hands with Iranian Foreign Minister Abbas Araghchi during a meeting at the Kremlin in Moscow, Russia, on June 23, 2025.
What We’re Watching: Iran meets with Putin, NATO gathers at the Hague, Venezuela targets black markets
US bombing of Iran creates Russian conundrum
Russian President Vladimir Putin welcomed Iran’s foreign minister on Monday, offering rhetorical support for Tehran – but it’s unclear what more the Kremlin is willing to do for its last major Middle Eastern ally right now. Putin has cultivated good ties with Iran, but also with Israel. At the same time, with Washington focused on Iran, Russia continued to hammer Kyiv with airstrikes over the weekend. Just days ago, Putin openly declared that the “whole of Ukraine is ours” – does he think the end goal is in sight?
NATO allies meet for an uncomfortable summit
Defense expenditure will be the top agenda item when leaders of 32 countries – all from Europe and North America – gather at the North Atlantic Treaty Organization summit tomorrow in the Hague, Netherlands. Ahead of the gathering, the group agreed to increase its defense-spending target from 2% to 5% of GDP, but granted an exception to Spain due to the prime minister’s political problems at home. Questions about the strength of the alliance are swirling: US President Donald Trump has sparred with his NATO allies for years now, and there’s no sign that the tensions will subside – his decision to bomb Iran undercut European efforts to foster a truce in the Middle East.
Venezuela cracks down on black markets – could it backfire?
The Venezuelan government has arrested dozens of people, including former top officials, in a crackdown on the country’s sprawling black market for dollars. Authorities blame off-the-books dollar traders for destabilizing the exchange rate, but experts say that the government’s economic mismanagement, coupled with US sanctions, means that black markets are the only way to satisfy popular demand for greenbacks. Stamping out those channels could, they warn, make things worse. Venezuela’s inflation rate has already surged past 200% this year.
Assassination attempt shakes Colombia's political landscape
On Ian Bremmer’s World In 60 Seconds: Ian breaks down the assassination attempt on Colombia's presidential candidate, the US-China trade talks, and Canada plans to hit NATO's 2% defense target seven years early.
Ian's takeaways:
An assassination attempt on a Colombian presidential candidate highlights that “security continues to be a really serious problem,” as opposition momentum grows amid President Petro’s struggles.
On US-China trade, Ian says, “There is real progress happening,” as factory shutdown threats push both sides toward short-term stability, even if long-term trust remains elusive.
And Canada’s plan to hit NATO’s defense target early? “It’s about Trump,” Ian notes, as Ottawa moves to ease tensions with Washington ahead of 2025.
Burkina Faso’s junta leader Captain Ibrahim Traore attends the first ordinary summit of heads of state and governments of the Alliance of Sahel States (AES) in Niamey, Niger, on July 6, 2024.
Hard Numbers: Burkina Faso foils coup effort, Trump dents democracy rating, Spain to hit defense-spending target, Musk to reduce his DOGE hours, Migrants arrested while fleeing US, Japan rids foreign debt, Tourists killed in Kashmir
40%: Burkina Faso’s ruling military recently foiled an attempted coup aimed at removing junta leader Cap. Ibrahim Traoré, the country’s security minister said on Monday. The Sahel nation has had to deal with widespread insurgency in recent years, with rebel jihadist groups reportedly controlling around 40% of the country’s land mass.
55: US President Donald Trump made a dent in American democracy almost as soon as he won the 2024 election, according to a survey of 520 political experts. The Bright Line Watch benchmark gave US democracy a rating of 55 in February, down 12 points from where it was on the day of Trump’s election victory and 14 points from where it was in October 2024. It’s the country’s fastest drop since the survey began in 2017.
2%: Our globally minded readers will immediately recognize this figure as the proportion of gross domestic product that NATO member nations are encouraged to spend on defense. Under pressure from the Trump administration and its European allies to expand its military, Spain said Tuesday that it will finally hit that figure again this year, after falling short for over 30 years.
130: Elon Musk is DOGE-ing himself. The Tesla CEO says he will cut back his role in the government after his electric vehicle company reported a massive profit drop. Musk says he will spend just one to two days each week on DOGE following accusations that he has let his focus on Tesla slip. Regardless, temporary government employees like Musk are normally limited to working 130 days a year, which would expire at the end of May.
8: So much for the Great Escape: From January through April, US authorities arrested eight undocumented Dominican migrants in Puerto Rico who were trying to return to their home country. The arrests raise questions over the Trump administration’s stated goal of encouraging undocumented migrants to leave of their own accord.
$20 billion: Trump’s tariffs have Tokyo in a selling mood. Japanese investors said sayonara to more than $20 billion of foreign debt early this month. The selloff shows how Wall Street jitters can ripple across the Pacific. It’s not clear which foreign debt Japanese investors unloaded, though they are the largest holders of US Treasuries of any country worldwide, so their investment choices are observed hawkishly.
26: Outrage is rising after gunmen killed 26 tourists in Indian-administered Kashmir’s Pahalgam on Tuesday. Several other victims remain critically injured. The Resistance Front – believed to be an offshoot of Pakistan-based terrorist group Lashkar-e-Taiba – has claimed responsibility.