Chair, thank you.
There is a concern that has been raised that volatility in our currency is inextricably linked to energy. The question is not so much, in my view, whether we have a dollar at parity with the U.S. dollar, but whether we continue to see these rises in energy prices. How are your associations, or the organizations you represent, prepared to combat that and to respond to it, rather than throwing up our hands and saying there's nothing we can do?
Second, in a $20 billion industry like pharmaceuticals, there is very little in the way of manufacturing. Can you explain to us how we can do a better job in those industries, from a regulatory point of view, to promote the manufacturing that we need desperately in this country, rather than the $6 billion trade deficit we see in pharmaceuticals?
Thank you.