Thank you very much, Ms. Jardine, for your opening remarks.
Now we are going to start with the rounds of questions. First of all, I would like to remind all members to address questions to me and to indicate to whom a question is directed.
I would ask that you kindly manage your time to allow the witnesses to answer your questions.
We will now begin the round of questions.
I will turn the floor over to Blake Richards for the next six minutes.