Inside AUSA with Kevin Baron. Anduril and Palantir mobbed. Code Pink crashes Hegseth.

Kevin Baron — founder of Elevation Global Strategies, former Defense One executive editor, and one of the sharpest national security minds in the business — joins Paul fresh off the AUSA conference in Washington. Forty thousand people. Seven hundred companies. Anduril and Palantir surrounded by throngs waiting for a meeting. Pete Hegseth on stage getting repeatedly disrupted by Code Pink protestors who registered their way in. And underneath all of it, a $1.5 trillion defense budget proposal, a drone revolution rewriting what a modern military even looks like, and private capital pouring into the sector at a pace Baron says he's never witnessed before. This is the war economy the cable news cycle keeps missing.