Thank you very much, Ms. Triggs, and thank you, Ms. McPherson.
We'll go into our second round now. I'll keep a fairly close eye on time. There should be sufficient time for a member from each party to ask an additional question in accordance with the negotiated times. The first two are five-minute rounds, and the next two are two-and-a-half-minute rounds.
I would encourage you, witnesses and members, to watch the time frame as carefully as you can.
The first round goes to Mr. Genuis for five minutes, please.