Europe spends more on academic research than the US, both in absolute terms and as a fraction of GDP. The US is ahead in business R&D. But research funding is

Europe spends more on academic research than the US, both in absolute terms and as a fraction of GDP. The US is ahead in business R&D. But research funding is mostly used for hiring early-career researchers for fixed-term positions. If Europe wants to attract foreign academic talent, its universities need permanent increases in core funding for hiring additional faculty. And that's something European politicians largely don't support.