Thank you so much for your opening presentation.
We had a fourth presenter, but we've lost them in the cyberspace.
Just before we go to the questioning round, I want to advise the committee that we have resources for the full two hours. We'll be going for the full two hours to get everybody in. I will remind members that I will keep you pretty close to your time allotments, because the last time we lost a couple, which was not fair.
To begin the first round of questioning, we have Ms. Ferreri for six minutes, please.