Thank you very much, Dr. Rosen.
We will go into questions from members.
For the information of witnesses, the opening round will be six minutes each, so members have six minutes for their questions and your answers. If we can try to be as brief as possible, that would be helpful.
The second thing is members may direct a question to the entire panel or to one witness. If a member directs it to one witness and you wish to add something, please indicate it to me and I will certainly ensure that you speak.
We'll start now with Mr. McTeague, for six minutes.