0:02 Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is
0:47 focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a
1:32 better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a
2:18 Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz, and dramatically reducing the cost of defending our homeland. Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute.
3:14 Well, welcome. So much to discuss. We're going to dive right in. We have Senator Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest -ranking Democrat on the committee since December 2010. And in
4:00 addition, he was chair of the House Armed Services Committee during the 116th and 117th congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four -plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum.
4:47 Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against Ukraine, are clear. That the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership,
5:34 using it to help solve our current impasse in the Strait of Hormuz, and dramatically reducing the cost of defending our homeland, and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
6:22 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
7:09 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
7:55 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
8:41 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
9:26 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
10:13 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
10:59 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
11:44 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead - We are not doing that. But instead - Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
12:29 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
13:16 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
14:03 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
14:48 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
15:33 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
16:20 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
17:06 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
17:52 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
18:37 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
19:23 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
20:10 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
20:55 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
21:40 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
22:27 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
23:14 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
23:59 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
24:44 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
25:31 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
26:17 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
27:03 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
27:48 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
28:34 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
29:21 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
30:06 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
30:51 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
31:38 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
32:25 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
33:10 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
33:55 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
34:42 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
35:28 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
36:14 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
36:59 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
37:45 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
38:32 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
39:17 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
40:02 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
40:49 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
41:35 Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz,
42:21 and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute.
43:09 Well, welcome. So much to discuss. We're going to dive right in. We have Senator Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest ranking Democrat on the committee since December 2010. And in
43:55 addition, he was chair of the House Armed Services Committee during the 116th and 117th congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum.
44:43 Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against Ukraine are clear, that the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian -defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in
45:28 our partnership, using it to help solve our current impasse in the Strait of Hormuz, and dramatically reducing the cost of defending our homeland and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That we are not doing that, but instead... Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator
46:18 Chris Coons on the far end of the panel. He serves, as many of you know so well, on the Senate Appropriations Committee, where he is ranking member of the Senate Appropriations Subcommittee on Defense. He also serves on the Senate Foreign Relations Committee. And as a member of the Judiciary Committee's Subcommittee on Intellectual Property, the Senator is focused on fostering American innovation and encouraging investment in research and development. Congressman Adam Smith, to my immediate right, represents the Ninth District of Washington State. He serves as the ranking member of the House Armed Services Committee. He's held the post of the highest -ranking Democrat on the committee since December 2010. And in addition, he was chair of the House Armed Services Committee during the 116th and 117th
47:04 congressmen, congresses. And then, of course, Eric Schmidt, the prominent technologist, investor, and philanthropist, the former CEO and chairman of Google. And among his various current endeavors, he is chair and CEO of Relativity Space. So I couldn't think of a better panel to dive right in. So let's start with Ukraine. Senator Coons, we're four -plus years into this conflict. What lessons do you see from Ukraine? And what is the call to action for the business leaders and investors in the room with us and within the sound of your voice? Thank you, David. And thank you to everyone for being here and for the chance to speak at this important forum. Look, the lessons, I think, of the war in Ukraine, Russia's war of aggression against
47:51 Ukraine, are clear. That the Ukrainians have developed and continue to innovate a fundamental transformation in conflict, both using naval drones, air drones, and ground drones. They recently recaptured territory in Zaporizia using a drone -only assault on a Russian defended position. They have pushed the Black Sea fleet a long distance and have managed to defend their coastline successfully. With some significant partnership from Eric, they are delivering state -of -the -art both Shahed drone interceptors and offensive drones. The United States should be embracing them with open arms, investing in our partnership, using it to help solve our current impasse in the Strait of Hormuz, and dramatically
48:38 reducing the cost of defending our homeland, and building out what we need to project power and security for our allies and partners in the Western Pacific and in Europe. That Please welcome the panel on Innovation, Investment, and Partnerships, moderated by David Trulio, President and CEO, Ronald Reagan Presidential Foundation and Institute. Well, welcome. So much to discuss. We're going to dive right in. We have Senator Chris Coons on the far end of the panel. He serves, as many of you
49:25 know so well.
