Von der Leyen's EU Leadership: New Team, New Challenges

EU President Ursula von der Leyen emphasizes the need for Europe to improve at scaling startups to enhance competitiveness, highlighting an 'innovation gap' that requires more support and reduced regulatory burdens. Her second term will focus on fostering startups and frontier technologies, with new commissioners appointed to drive these initiatives. Financial reforms are planned to boost private investment, addressing Europe's lag in R&D spending compared to the US and China. Simplifying regulations is also a priority to facilitate business growth across the EU's single market.