Chris, Zack, and Melanie have a look at the 2026 Annual Threat Assessment. Does the document get the threats, and their prioritization right? How does Trump administration policy align with what the intelligence community determines to be the most critical threats facing the US in the next year? Has the two-decades-old ODNI experiment run its course? Chris commends Global Affairs Canada and the Stimson Center for jointly honoring the late Stimson Center president, Brian Finlay, with an award in his name, the Brian Finlay Innovation in Threat Reduction Award. Zack has some kind words for Senator Lindsey Graham, who just passed away, and Melanie criticizes NATO leaders for wimping out at the end of a summit where the primary goal was to demonstrate the ability to fight.