Two things that are true at the same time:

1. The massive cuts to science funding in the US is a terrible blow that can't be patched by efforts elsewhere.

2. It's great that the EU and many individuals countries are stepping up; it helps science and many US scientists willing/able to relocate.
$500 million is… less than 1.25% of the NIH’s 2024 budget.

When I say there is no capacity to absorb the shock, I mean it.

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