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Trump Administration Cuts to Scientific Research Funding Prompt U.S. Scientists to Seek Jobs in Europe as S&P Biotech ETF Hits 18-Month Low

13 posts • GPT (4o mini)

Updated Apr 15, 2025, 03:35 PM

The Trump administration's recent cuts to scientific research funding have prompted a wave of American scientists seeking employment opportunities in Europe, particularly in the UK. The reductions, which have affected various federal health agencies, have led to increased uncertainty in the biotech sector, resulting in the S&P Biotech ETF hitting an 18-month low. The ETF is currently trading at less than half of its peak value from 2021 and has seen a decline of approximately 20% this year. Amidst these challenges, initiatives like 'ReBrain Eu' have emerged, aiming to attract researchers from the U.S. to Europe, particularly Italy. The cuts have not only impacted federal institutions but have also reverberated through universities and private sectors, raising concerns about the future of scientific research in the U.S.

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Philip Aldrick

@PhilAldrick

More Americans Are Eyeing Jobs in UK Amid Trump Funding Cuts w ⁦@irinaanghel12⁩ https://t.co/uEAZC95o6Z

Alex Wickham

@alexwickham

Americans are increasingly looking for jobs in Britain amid Presient Donald Trump’s funding cuts and a darkening economic outlook The rise was driven by people looking for roles in scientific R&D and management Story by @irinaanghel12 @PhilAldrick https://t.co/0hESXA0lJe