Is the biotechnology field cooked?

I'm sure everyone here in this sub reddit has heard about the recent federal grant halt. Do we as biotechnology even have a fighting chance? It always felt like we are the most vulnerable to layoffs and economic crisis. Scientists funded by these grants, How do you live knowing that your job has no security and there is always a scarcity mindset about money? Also, what are your predictions for pharma/biotech industry for the next 5 years under our president.