von der Leyen speech: New direction for European competitiveness and industrial policy

European Commission President von der Leyen outlined six challenges for European competitiveness: regulation, financing, single market, energy, AI, and trade. She proposed reducing administrative burden by 25% (35% for SMEs), creating a savings and investment union, introducing 'EU Inc.', lowering energy costs, and investing in AI, while emphasizing a 'de-risking' approach to China.