shearman and sterling.d talk to me about this week. we've had president trump return to the white house. he's promised to change just about everything, if you believe some of that campaign rhetoric. what does it mean for you and your team, given that a lot of the changes could come in things like laws and rules and regulations? 0n laws and regulations, it's tough to speculate what will happen. look, market sentiment is that trump's plans to reduce the regulatory burden that certain industries face, along with, you know, plans to lower taxes, to decrease the overall size of the federal government will have a positive impact on business. the incoming us administration is also set to review things like merger control regulations. so, you know, the anti—trust environment is certainly expected to become more pro—deal, more pro—business. that should be more favourable for activities such as m&a, which is a lot of what we do. so i would certainly expect opportunities for a lot more transactional activity in the us