Thank you very much
I want to thank each of the witnesses for keeping it under 10 minutes, which will allow us more time for questions. Before we start questions, I just want to alert members that we probably won't have time for the full two rounds in either this or the second panel, because I'm going to try to balance the two and get us at least close to our time.
We'll begin with Mr. Genuis in the first round for six minutes.
Mr. Genuis, please go ahead.