EU Founder of the Week 🏆: Janne Wallenius, Peter Szakalos, and Jesper Ejenstam of Blykalla: Small modular nuclear reactors.

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• Automotive Cells Company (ACC) has paused construction on two of its planned gigafactories in Germany and Italy, a significant development in the European electric vehicle (EV) battery supply chain. This decision reflects the industry's response to declining demand and a strategic shift towards lithium iron phosphate (LFP) batteries, which are cheaper but less powerful than lithium-ion alternatives. The move underscores the challenges faced by manufacturers in balancing production capabilities with market needs, particularly as Europe seeks to enhance its battery localization efforts amid global competition. The halt highlights the evolving landscape of the EV market and the critical role that battery technology will play in shaping the future of sustainable transportation in the region.

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EU Founder of the Week 🏆: Anders Forslund - unveiled electric passenger planes from Sweden

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• Thierry Breton's resignation as the European Commissioner for France marks a significant shift in the European Commission's leadership dynamics. His departure follows a controversial request from Commission President Ursula von der Leyen for France to withdraw his candidacy for a second term, citing personal reasons and political trade-offs. Breton, known for his role in advancing the Digital Services Act and Digital Markets Act, had been a polarizing figure, often clashing with von der Leyen and facing criticism over his management of EU defense production and digital policy. His resignation highlights ongoing tensions within the EU leadership and raises questions about the future direction of European governance, especially in digital regulation and free speech. This development is pivotal as it may influence the Commission's approach to technology and international relations. Under Theirry Breton’s hands censorship and an anti-tech culture reigned dominant.

• Mario Draghi's recent report on enhancing European competitiveness arrives at a critical juncture for the continent, which faces stagnation and an aging population. With productivity growth declining, Draghi argues that without significant reform, Europe's economy risks stagnation into the next decade. His call for innovative policies challenges the status quo, urging European leaders to confront uncomfortable truths about economic growth. As Europe grapples with these challenges, Draghi's insights may provide a roadmap for revitalization, making this work essential reading for policymakers and stakeholders invested in the region's economic future.

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EU Founder of the Week 🏆: Daniel Ek - successfully co-founded Neko Health, a body-scanning AI health startup, expanding its services to London after a strong start in Stockholm.

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Articles of the week…

• As Europe grapples with economic challenges and the need for sustainable growth, a recent report by Mario Draghi, former President of the European Central Bank, emphasizes the urgency of enhancing the EU's competitiveness. With a focus on sustainable practices, economic security, and the pursuit of open strategic autonomy, the report outlines a roadmap for ensuring that European industries can thrive in a rapidly changing global landscape. The initiative is critical not only for fostering economic resilience but also for maintaining Europe's leadership role in shaping a fairer and more competitive world. Stakeholders are eagerly awaiting the Commission's forthcoming Clean Industrial Deal, which aims to address these pressing issues and promote quality job creation across the continent.

• His experience and previous success in navigating the eurozone crisis position him as a key figure in shaping the continent's economic future. This initiative underscores the urgency for decisive action in response to the evolving economic landscape and security concerns in Europe.

• In a significant development for the European Union's future, Renew Europe has prioritized the relaunch of EU competitiveness amid growing global challenges. Following a crucial dialogue with former ECB President Mario Draghi, Renew Europe President Valérie Hayer emphasized the urgency of enhancing Europe's competitive edge against the US and China. With the incoming European Commission poised to shape policies, the discussions surrounding Draghi's forthcoming report are expected to lay a vital foundation for strategic reforms. This initiative reflects Renew Europe's commitment to balancing environmental sustainability with economic growth, highlighting the critical need for cohesive action in a rapidly evolving global landscape.

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