Okay. Thank you both.
Before I start the next round, I would remind people that if you do have a key point you want to raise when somebody else is giving an answer, raise your hand. I may catch you. I can't see everybody on my screen at the same time, but raise your hand and we'll try to get you in.
We'll go to very strict five-minute rounds so we can get more people on. We have Mr. Morantz followed by Mr. Fragiskatos.