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[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. So if we think about the fourth quarter we gave some -- by the way we gave some data on the second and third quarter. I think we were roughly $5 million benefit in the second quarter on these type of -- COVID-type of enhanced expenses, if you will and then third quarter about $4 million. Fourth quarter will be about a $5 million number. So T&E continues to become -- kind of drop off a little bit as it normalize. We had a little bit bigger number on group health though, again tied to less doctor visits, less elective surgeries, those type of things. So as we enter '21, we would expect both of those numbers to continue to normalize. From a T&E standpoint, Robert and I and the team are going to do everything we can, obviously, to minimize those number normalizing back to historical levels. Group health is probably not a heck of a lot we can do, but-- because that will come back, but yeah that's baked into our guidance. By the way, while -- just while I bring up the guidance, real quick, I did want to note, we're going to post a slight correction to the 2021 adjusted EBITDA recon, that's the last slide of our earnings release. There's some impact interest expense and taxes, which will be modified and we'll have that out today so.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. The high levels of growth were not just because of easy comps at all. I mean Guy Carpenter's comp was at nine last year. Marsh was a one. So it was not exactly layoffs in terms of comps. I think that we have real momentum right now. And the U.S. economy is getting stronger, JLT integration is well behind us and the combined organization is emerging from the pandemic stronger than what we went in and focused on our front foot. New business generation was terrific across the businesses, and our growth was broad-based. The retention is strong, pricing is a tailwind and we're benefiting from disruption and flight to quality and stability. So there are a lot of factors that are underpinning our revenue growth, and we feel very good about revenue growth into the future.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So as we think about the digital business, as the market matures, customer acquisition is becoming less of a driver in product picks up some of it. You launched your new sportsbook yesterday, the new app. Can you just talk about some of the key features of it?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Mission-critical. For us to truly disrupt personal ownership, we have to democratize shared mobility. And the self-driving and mobility in the driven world are absolutely mission-critical for the company to disrupt ourself. I am really proud of the team's progress. It's different than our competitors in the space. We've gone to the most difficult miles in four, five different cities. Our mapping, our SDS deployment, and the algorithms are built to be scaled for production deployment. So we're not going to a small market area in easy miles like others. We're taking on the toughest problems now and building our capability for scaling quickly. And I think that's always been our approach. The relationship with Argo and us and Volkswagen is very close, but we do see us moving into more of a production mode now, and we're really ready for that. And we think this will take more capital and a little more time, and we think the access to public capital is really mission-critical for our journey.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I think, first, let's look at the lay of the land backwards. You had the rupture of the pandemic -- let's go even back, we had a record Q1, you had the rupture of the pandemic, but as we compared to competition, I believe we were stronger quarter in, quarter out over several of the last quarters. So whether it was up or down, the sequential nature of it, remember, we talked about ploughing through our backlog. So with that as a backdrop, as we move through, we should expect some lift in the second and third quarters that we would normally see. I think that's why we highlight the return of the discretionary and small projects, which I think will certainly be better than it was a year ago. The 'but' is that new construction demand is not as robust as it was going into the pandemic. So I think it takes '21 to normalize itself and we'll see probably a truer picture of what the market is going to be and we believe better as we go into '22.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Well, I think there are two time frames here. In the near term because of the degree of uncertainty about how long vaccination process is going to take whether we're going to get a mutant strain that's resistant to vaccines, I think it's prudent as a lender to be focused on COVID resistant companies, COVID resistant borrowers right now. There are some hedge fund players in distressed debt who disagree with me and are loading up on movie theaters and amusement parks and cruise ships and a variety of similar credits, but that's not what we're doing. In the longer term, assuming that the vaccines are effective and we get back to something that we can call normal, I think there is an element of underwriting that's going to be forever changed. I don't think I'm ever going to forget what this global pandemic has looked like and the idea of people congregating in close proximity being a risk factor that we need to think about in an underwriting context. I think that's going to be around for a long time. Does that mean that all such companies are going to be ruled out? Probably not. But does it mean that we're going to need to factor in potential new pandemics as a downside case? I think that would be prudent. So, it's going to be interesting to see how that dynamic plays out, David. I think we're likely to see different players approach your question in different ways.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hi. Thank you very much. Congratulations, Bill and Gina and the rest of the team. My question for you, Bill, is the company has done a phenomenal job increasing its wallet share with really large companies through ITSM Pro, system workflow, HR, etc. My question for you, as you approach the $10 billion journey and you look at other markets and software, you tend to have companies that's in database market or ERP, have a customer base that's closer to 100,000, 200,000, maybe even 400,000, 500,000. So as you look at the -- how do we put the scaling up of ServiceNow into a company that can serve not just 8,000, 9,000 customers, but more like 100,000, 200,000 customers, what does that journey look like? And what are your plans to make this excellent piece of technology that's known to less than 10,000 to be actually known and adopted by 100,000, maybe 200,000 customers. Thank you so much. That's my only question.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Well, Doug, as we said, there is still an overhang of oil inventory in the world. And we recognize that. And -- but I think that U.S. producers in general have been very disciplined in their approach and watch the market and what the demand is. We still see some curtailed demand due October 19, and everybody is anxious to see, waiting the return of demand back to normal. But I think going forward with activity at [Port Adeline] and, I mean, if you look at [420 rigs] operating in the U.S., we see that supply and demand is coming back into balance and which bodes well for commodity prices in the future. So obviously, as long as OPEC functions as they do, it had been reasonably in different remains in the industry, we feel very positive about the commodity risk.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. Yeah Pete, I would say that's certainly a part of our production plan. We want to make sure that should we receive an export license and that goes quicker than we think that we're able to support the customer, yeah,[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hi. Thanks for taking my questions. I'll start with one follow-up for Steven. On your comments out to -- when you were discussing that you've seen pathway engagements at hepcidin pathway, were you speaking just about iron release or have you seen rises in red blood cell count in that monotherapy trial? And then for Barry, maybe if you can give a little more granularity on what you mean by broad access? I guess, one, have any meaningful contracts been signed yet or at least getting very close to finalization, where maybe you can speak to what type of step edits you're expecting to be in those final agreements?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> At a high level Jeremy, it's hard to make generalizations around these things. But I think what was unusual here was for a variety of reasons, this particular fund wound up with very concentrated positions very quickly, and I think that was unusual. And then the actions that they chose to take, or chose not to take, obviously affected the outcome. But I think it was unusual with respect to the size and the concentration of positions which changed relatively quickly.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I think you were talking about acquisitions, you broke up, but sorry.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hey, Gary, John and Karen. Hope you're doing well. Just wanted to touch base on John's comments in the opening remarks about how Safe Harbor portfolios doing better than your underwriting. What's driving that? Is it like something on the revenue side, expense side or something else, just curious?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes, so let me take those two questions -- two part question there. Our priorities are, we want to continue to make smart investments in the business. We will do that. We've been [Indecipherable] that we continue to maintain our R&D at a pretty high level and we will look to continue to add to our capabilities, as we need -- as we see fit. But we also, I think have been pretty transparent about the fact that we think our shares have been dramatically undervalued and so we have been focused on returning cash to shareholders. We've detailed that over several quarters now. We're upto end -- or coming to an end next week of a accelerated share repurchase program that we put in place in Q4. As we do that we will have used up about two-thirds of the authorization that we just got in last November. But we still have some remaining authorization, close to $100 million of authorization left, and we will continue to monitor our stock price and do that and make incremental decisions from here. But our plan is to -- we're quite comfortable with no net debt as you heard me say, we in fact have net cash position right now. So we have tremendous capacity to continue to return cash to shareholders.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. In terms of Rollic, it will be all of the above, Gerrick. In terms of the core business, what -- and we talked about this on the last earnings, what we're actually seeing with some of the key franchises is that they're actually starting to behave more like sustainable live services as opposed to in and out hyper-casual games. So from that perspective, the team is looking to build sort of iterative sort of events and bold beats into some of the franchises. But we also have continued to expand the first-party and third-party network of developers that we work with, and we plan to continue to do that into '22. So you will see obviously a strong flow-through of games coming through Rollic like both owned IP developed and obviously, third-party partner games. And ultimately, over time, as we leverage our ad tech platform, we'll be able to drive even stronger flow-through of those bookings into Zynga.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you for taking my questions. Two -- I have maybe two parts of the question regarding transportation. First, just wondering if you can remind us the translocation or chromosomal abnormality rate for the EDIT-101. And then secondly, you do have a few approaches with multiplexing. I know that they will lead to some translocation. So just wondering -- I know you did mention that you do have a very deep sequencing to identify these, so just wondering what is the process in place to monitor translocation? And what would be the cutoff for the drug product in terms of product release?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes, thanks. Can you talk about just how the Redpine acquisition is going? And particularly versus your initial expectations, whether it's design funnel and some of the momentum that you're seeing in that business?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Good morning.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. Thanks, David. I appreciate you being an investor also. I don't -- I wouldn't say so because the portfolio as we stand right now, obviously, we're -- as we've just been talking, we really focus a lot on the income coming off of the existing portfolio. It's not unusual, by the way. For us, as you know, our general level of activity is we don't do -- we don't go into a whole bunch of new deals. We're very careful in how we go about doing them. Our underwriting is pretty thoughtful. Really, the key is that when I say tightness, it's tight because there is a lot of money out there in the private equity world and in the buyout business, which is where we compete. So we try to be cautious as we look at new companies. The good news is that we are seeing, as I mentioned, more activity, meaning more companies that are looking to be sold that we have an opportunity to look at. So I don't see it as really -- as bringing down the income. It's really more a question of how rapidly, so to speak, we can add to our assets and continue to increase the income and thereby obviously slightly increase our monthly dividend payout. So that's really our target, our goal. But it's what we do every day. And I'm not overly optimistic. But I'm certainly encouraged by what I'm seeing on the new deal pipeline front, so to speak.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. Sure, Ryan. This is Seth, again. I can take that. Yes, we view it as incremental. And if you look at where we've rolled out these lives, a lot of it's with some of our national relationships and the larger payers. And what's nice about it is that you can go across the country, state by state very quickly. You don't have to align on what a benchmark is, what you have to do for the performance product, and that takes more time. So you can kind of get to a place where the math is a lower PMPM, higher margin, but a lot more lives. And then we will see opportunities to come in behind and set up the full performance suite as a follow-on. And the Florida Blue example, which I mentioned a minute ago is an example where that's only 125,000 lives and $75 million of revenue. And so it doesn't take many of that 6.2 million to convert over to make the whole thing work really well. So we view it as additive and really excited about it.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> No. I think we've definitely seen it in the pipeline, and we've seen it in just the number of reps that are now selling some of the newer products. I think we have a lot of confidence that they've got their sea legs on selling the solution side. And post close of this transaction, I think we're going to be in a really good spot from a capacity and productivity standpoint.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Right. So again, just as a reminder for people, we GA-ed three products last summer, Realm, Atlas Data Lake, and Search, and let me go one by one. So we've seen solid reception of Realm, especially now with the availability of Realm Sync, which really enables developers to build very sophisticated mobile applications and synchronize the data at the edge with data at the core. That saves developers an enormous amount of time and effort, and it's something that's quite complicated. And so we're seeing a lot of interest there. And so we're quite pleased with the traction. I would say with Atlas Data Lake, one of the most popular use cases is data tiering, allowing customers to manage large volumes of data while retaining the ability to access and query that data. And emerging use cases being able to do federated queries using ADL as a mechanism to transform data within our platform and then create across multiple databases and storage locations. And so that's really exciting. And then on Search, we've made some enhancements, including a visual index builder, which has really accelerated adoption. And what we're seeing is customers like the fact that they don't have to use solar or elastic in conjunction with MongoDB, but they can do everything in MongoDB, it really simplifies their life and their data architecture. And so we're quite excited about the traction of all three products. I do want to remind everyone that the revenue does not show up as individual SKUs but as Atlas revenue. And these products do have multiyear journeys, and you'll see us continue to refine, enhance these products. And we expect them to have a strong ROI over the next coming years.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Let's see how I answer that. We -- you're right. I'm a little disappointed that some deals didn't close in the beginning of the quarter, which could have closed. You can see by our 10-Q and our disclosures that we got some of the way there on some loans and they haven't closed all the way there yet. It is chunky we are sitting in August, which is kind of interesting, it's typical for a lot of deals and in the past when I've managed money for 5th Street for 15 years, there was definitely a spurt after Labor Day magically that's what everybody likes to close in September. So this could be a back-end of the quarter and all that may slip into October, November, we just don't know because these deals are cannabis and cannabis is very chunky but very uncertain to timing of closing. We do plan to continue to announce material agent that closings as they occur. So I think that that's going to be the best indicator of our progression.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. Thanks for that question, Josh. It's a good one. Where we've been taking price and our position to continue to take price is really where raw material inflation has impacted us. So we have passed through dynamics in our assembly business and some of the metals that aren't on a direct pass-through basis we're surcharging for. We don't have a plan to be aggressive from a pricing perspective. We're in nice markets, and we've got nice market positions in those markets. But it's not the type of market where you can take annual price hikes without any fallout from that by and large. And so we aren't counting on significant pricing here. And from a go-forward perspective, there may be some opportunities associated with that. But we're not counting on that. It's really a volume story from here.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah, we've experienced some. Yeah, the order rate was back-end loaded for the quarter and so we ended up basically pushing some of the booking over into Q3. It's hard to say if that was really supply chain related from a customer perspective, but we didn't -- we've seen some logistics issues throughout the quarter, but it really didn't impact the end of quarter revenue, it was more around when we actually receive the order.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So I am limited in what I can say here, the answer to the first question is, yes, we are profitable in all verticals in that business. On the second piece, William Hill has been at a bit is of suspended animation, since we are now in the transaction where obviously they were not integrated into Caesars when we announced it. There is not a lot that we're able to do in the period between signing and closing. So William Hill face a situation where they had a brand that they knew was ultimately going to go away as the main driver of the business. So it made little sense to spend a lot of money to build the brand that's going to change early in 2021. We have not been in charge of that, the operating side of that business in the past. So we will -- we're in this to be a winner. And if the answer is, we need to invest more money to build market share and whatever form that takes, you should expect that we would consider that. I consider us to be a pretty strong operating team. You shouldn't expect that to be any different when we're managing the sports and online business.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks, good morning. Just as expected another question on commodities and input inflation, just trying to understand how much of it right now is, I guess specific to the company, thinking more like aluminum. And how much of it is also more what you would you view as transitory, we had heard some other companies talk about, kind of, Hurricane Ida affecting resin prices and that would -- and shortages and stuff like that. I don't think you really alluded to that, but just going to maybe as you look at your basket, I mean, do you feel that does probably start to ease versus some of it being more, I guess longer lasting than anything else?[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. No, great call. And that's one of those things where you kind of just hit the ground running with it. Like if you had inventory, say, a legacy Magnite or legacy Telaria had inventory that SpotX did have access to day and date of the close, that goes into the salesperson's bag, right? And so it's just those -- that inventory is used to bolster packages create new packages. But yes, that's the kind of low-hanging go-to-market stuff that doesn't require a tremendous amount of tech work background, wiring, etc. So yes, we see really promising opportunities in the increase of demand facilitation.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Good morning, Andrew.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Supply chain is something that we've been managing very closely over the last year in a COVID environment and that challenge continues. It's in the context now of pretty significant demand. Demand is very strong at this point. So this is industrywide issue. It's a global challenge, in fact, beyond just our industry really as demand has come back fairly rapidly. And many of the suppliers are still in a COVID-restricted environment and probably hadn't fully anticipated the recovery happening at that rate. We have a very close working relationship with our suppliers. We're in constant contact with them, making sure that we can do every possible thing we can to keep our lines running. Another part of that is just, as you mentioned, making sure that we've got the right products in the right location to serve the customers and make sure that we don't short anyone. So we're confident coming into the season that we have -- we've matched our supply with demand, but that's -- that will continue to be an ongoing challenge as we go forward.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hi, good morning. It's another quarter of outsized growth in the mortgage book and I'm just wondering -- I understand why it's happening, but I'm wondering is there a point where it's suboptimal to have that kind of call it lopsided growth in the Canadian banking business?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. So look, we had a great quarter on the expense side. It was better than expected, right? I think that we're doing a great job on bringing our expenses in line. So my guess it's going to be on or around the same as Q1, maybe 133 to 134 and that's probably conservative. I think we've done a phenomenal job -- no, Q1 is usually a high quarter. So the fact that we were slightly down is impressive. Well, look, we have a lot going on internally. We're going to focus on the integration. But at the same time, I think our expense run rate is very manageable here. I don't envision any substantial cost until we consolidate the franchise. We'll get that $125 million cost savings on a consolidated basis, but more importantly, I think there's more efficiencies when you think about the combined entity. When you look at combining two large balance sheets, like I said before, there is zero cost base in the mortgage business. We don't anticipate on touching the mortgage business, but just from putting these two complex organizations together, there has to be some more savings. So when you try to model a pro forma run rate on expenses, I think you can probably say that the number that we put up on the deal is probably very light, but they're highly achievable.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Well, it may depend on the segment. I'd say -- And it just -- again, it's the timing of how we see the economy recovery around the world. So if you think about it, we think Industrial is the vertical that's going lead first. And I think as we start to see how that recovers, that could take us into 2022. As we think about commercial, it's -- that's expected to be slightly down this year. And so, maybe that recovers into next year; we'll see. And I think the view is that energy is improving. Well, it's going to be tough this year we're going to improve relative to that, but I think that's a slower improvement rate. So, those three different dynamics there. And infrastructure should be strong. So, we call infrastructure includes data and networking solutions and utilities and we expect that to be strong. All those different dynamics for us is by segment. Some likely will recover in 2022 and others may be out into 2023.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Sure. I mean we do expect to have strong cash flow in 2021, but -- especially at current gold prices. But everything being equal, as you suggested, there were some items in 2020 we may not see in '21. And we've already noted that cash costs will be higher in 2021. So that will be an impact. Exploration. We expect to spend more on exploration in 2021 than we did in 2020. And we did to have a fairly significant U.S. tax refund in 2020 that we don't anticipate this year. I would just highlight as well that going forward beyond this year, 2022 and 2023, we do expect our free cash flow to grow significantly as these production rises and cash costs come back down.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Sure. I mean, just because the -- let's start with the second quarter, I mean the second quarter of 2020 was obviously extremely low with the third quarter being also very low. So we're expecting this year's comp sales to mirror that. In some sense in that, we expect a much higher comp rate in the second and third quarters as we lap those numbers, and I think really that's about all we can provide at this point. I think, as Rich mentioned, we see the initiatives that -- our growth initiatives that we describe building in momentum throughout the course of the year.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So Bryce, do you want to go first and then I'll answer the second question? [/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you so much. You noted in your prepared remarks about higher -- slightly higher than expected turnover from I believe it was your sales force. Where are these folks going? Are they going to competitors? Are they going out on their own going to other industries, any color would be great.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Andrew, good morning. You are correct on a -- not on a comparable net sales basis. We're intending on being up about 2% at the midpoint of our guidance range. That growth is predominantly driven by the benefits of higher net price realization that we will see in the second quarter and beyond for the balance of the fiscal year. But underlying that, we do see some organic growth through our portfolio as you think about the continued momentum of the Uncrustables brand within the consumer business, as you think about the advancement of both Cafe Bustelo and Dunkin' and coffee, and then you also think about the performance of our pet snacks business within the pet portfolio. And then, we are anticipating on seeing a return of growth within the away-from-home business, which we experienced in the fourth quarter. And then I would also share that despite the continued at-home consumption that we intend to experience, we are also factoring in a deceleration there as well that is factored into our top line along with some price elasticities due to the increase that we are taking throughout the portfolio on the price front. So that's how we're seeing the composition of the top line at this point. I'll pause and see if Mark has anything else on the strategic front.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Oh, thanks, Angie. Look, I think that was a -- it's an elegant and differentiated solution, but clearly, a premium solution that we've been working on the electric technology for a number of years and have always described some of the challenges around electric also being the cost and the upfront capital associated with it. You know, the grid solution actually eliminates the requirement for turbines which have come with, you know, a range of, you know, either operating problems or emissions. And so -- and it's important to give a shout out to the Cimarex management team here because a lot of innovation and collaboration together in order to bring together a very efficient solution. And also, one with the absolute lowest emissions. I mean, because now it's tapped into the grid and consuming sort of a variety of different energy sources. So, the customer commitment was very important. I think customer interest will be high but it's also over -- over time, it's also going to require pricing and -- and different types of contract terms. And I view this though as part of our normal reinvestment cycle. Clearly, there's interest but we have a planned reinvestment cycle that's inside of our capital budget and our outlook on capital efficiency. And certainly, see electric having a place in that but that's where it will set.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks for taking the question, and welcome, Adam. I'm curious, just with the more inflationary backdrop, are you seeing more opportunities to raise ticket, while still maintaining the strong value proposition, or how are you thinking about this lever to offset some of the ongoing freight and expense pressures? Thank you.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. We will do it as needed, as you know. We are looking 12 to 15 months ahead. We have a very wide pipeline. We analyze what can happen in this timeframe. We do our production plans based on that. If you build it, they will come and we adjust our inventories accordingly. Yeah, it may happen.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I haven't -- Henri, you could comment on the exact numbers in terms of how much of it was the preferred investments, but the approach that we're taking in equity co-investments is consistent with what we've done in the past. And I think the only thing that would drive that in an out-sized way would likely be those two preferred investments.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks, George.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. Thanks, Matt. Maybe, Richard, you can take the first part and Jen the second part.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So each cohort is planned to be four patients and then we'll evaluate.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah, I think it -- we really needed to complete the work on the PEA for Copper World to better understand how sequencing might occur. So, I think what you say is a fair assumption, but certainly is not certain at this point.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. So I'm looking through a video link in my lawyer. It is a good question. The answer is yes. We had an opportunity to leave the relationship, I don't know, probably about three weeks ago. We moved -- over the last, call it, 18 months, every single board meeting had a segment on, as we led up to that decision, what we're going to do. And with very sort of eyes wide open visibility at the board level on that decision or at least the recommendation that the management made, which was to let that option expire, the -- I'm not going to say that anybody is perfect in this. I can tell you one thing. We independently believe in the safety of the product. And that's because we've done our own work to look at that. I have a next EPA administrator on our board who has also had an oversized voice as we've made decisions. So we're very comfortable with the safety of the product. I'm generally supportive of Bayer's work to put this behind them. And I think they've made a lot of progress on that. We look at the contribution that Roundup makes to our business versus the value of the option that we had, and we just believe that we were comfortable continuing. And the business continues to perform well not only last year but has continued to perform through the first quarter well. So the answer is yes, we did have an option. It was not that attractive to us, and we elected to continue. So Ivan, anything you would add to that?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. Thank you, Guilherme. I would say that the -- first of all, we're not issuing a full year guidance. So I'll cover this more anything what we have in the shorter term. In the shorter term, we're seeing still significant drops in our yields throughout the network and over the 20% range on a year-over-year basis, and that's something that we're seeing, at least, in the short term. And I think that the important component of that is that there's still a lot of variability into the rest of the year, so it's too early to determine where that's going to end up in the remainder of the year. And it's, I would say, now I don't see any particular region being different or acting in a particular way. I think they're all in the same range. And that's in terms of yields. And in terms of the Boeing agreement, it is a confidential agreement, so I would leave it there.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah, Betsy, I'll let Brian chime in here, but what we're seeing is really attributed to the higher payment rate just because consumers' balance sheets are stronger than they've ever been. And I think that is the primary driver. I don't think this is competitive in -- competitive pressure in anyway. But I'll let Brian add some color to that.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks, Alex.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. The one thing that we have seen over time with Gold Fields is that the focus on the portfolio, so not having portfolio all over the world in quality jurisdictions and quality assets and we have reduced the all-in costs of this Company over $200, $300 per ounce over the last number of years. So that focus has meant that the value of Gold Fields has increased over time. And we don't want to go mess that up by buying -- by just chasing volume. So we do have criteria. I mean, generally, we would like to find assets with a 10-year life. But when we bought the Australian assets, they didn't have 10 years life, and we have now mined for more than 20 years on those assets, and still have the same life as we had when we started it. So we'd be very careful about just on the face of it, chasing those like a 10-year life. There may be assets that might have less, but we believe that we can create longer life assets out of them. But they've got to be -- have the potential of improving the cost position of the Company, and they've got to have an ability to not just create more production now, but a greater problem with the diminishing tail in a number of years from now. So we want to be careful that we are looking after the long-term portfolio of Gold Fields. So, yeah, we want to chase -- everybody wants the lowest cost assets, they want to pay very little for them, and they must be in the best place. You don't get all of those in any assets without overpaying for them.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I think that medical inflation is a challenging area. I think that there is maybe a -- perhaps among some of false sense of comfort. I think one of the things that happened during COVID is that people in general, whether it'd be related to comp or other health needs, people were reluctant to go into health related or medical related venues. And as a result of that, people were not getting the care. I think it is certainly possible you are going to see an uptick. So if you forget about the insurance industry for a moment and you look at the parts of the healthcare industry, for example, the hospital industry, you will see that there are a huge surge in patients, in hospitals and they are coming in, in worse condition than they were pre-COVID. And a lot of that is not COVID-related directly per se. It's because people were not getting care or they were postponing the care and they are sicker. So I would suggest to you whether it's comp or healthcare in general, you saw -- I think there is medical inflation. I think pharma prices continue to climb. I think cost in general continue to climb, but you need to separate out actually the cost of care versus the volume.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks Arsen, and I hope you're well versed in one more on the the tissue production cut into queue. Have you mentioned that you think there's over a month, months worth of inventory? Are you anticipating that the downtime you'll take the sufficient to fully clear that overhang by the end of the second quarter? Or is that still not clear to you.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Sorry, first of all, let me clarify the number. Last quarter, we talked about cumulatively 300,000. This time, we talked about cumulatively 450,000, I told you that we shipped 150,000 as of today. So this is really -- so we are not saying we shipped 450,000 this quarter. We talked about 450,000 cumulatively. So that's just a clarification. In terms of the revenue, I would say that, first of all, the ASP is higher because a lot of this is auto-grade chip, and also the ADAS and ADAS ASP definitely is much higher than the recorders. And OEM, even OEM recorders' ASP is higher than the aftermarket. So I think, overall, that the ASP on automotive is pretty healthy for us. And moving forward, we continue to see the same trend. But I think this is just showing the beginning of a CV ramp-up. We talked about our CV revenue wave, which is wave 3, will materialize in 2023. But we just had to give you indication that we start seeing this wave moving forward, and we're going to continue to update you about how fast we can ramp up this revenue.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you, Greg.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes, yes, you're right. It's more in the first half and it's lesser contribution in the second half because of the -- not so much the inflation but the investments...[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I don't think it's distinguished that concern. But I think that we're going to come at this in a very targeted way and make sure that we are in locations and markets that will be able to absorb any new supply, and that you're well-located and appropriately managed. So it doesn't eliminate the concern, but we expect that we'll be doing it in a way that we take all of that into consideration.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you very much.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I'd just like to say thank you all for your questions and for joining our call. Have a great day.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hey, guys. Thanks so much for taking my question and congrats on the stellar quarter. Just three from me. Number one, does Halo has any plans to develop a subcutaneous Alzheimer's therapy formulation and if so, could this be one of the new assets to enter the clinic this year? And I have two follow-ups.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. We -- I think one of the things we recognized, Eric, early on and Bryon commented on it, we saw the slowdown in sanitizer, which was kind of leading the charge in Q2 and Q3. And really bolstered the results. And immediately, we shifted our focus to doubling down on getting the certifications working with customers like Procter & Gamble to intensify our efforts around gaining certifications that would give us a leg up in terms of quality and the ability to penetrate new markets. And so that is where our focus is. You are absolutely right. We had 110 million gallons going into the contract period. The GNS system came on at the end of the year. And so we have that available to us or another 70 million gallons that we will work diligently to place during the course of the year. And definitely, if you think about 2022 and 2023, all those gallons will definitely be in the contract cycle and we need to be -- we will be positioned to place those gallons going forward in future years. This year will be a big effort using our certifications and customer relations to be able to see what the proper direction is, but also to place some of those gallons during the course of 2021 at higher values.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes. Great question, Patrick. It is -- most clients closed their budgets in December and they're trying to -- so if you look at a lot of companies, it would be -- they would have their big sales sort of at the end of the calendar year. So this, I do think is driven more by our fiscal year. It's not driven because we cut a lot of deals at the very end. It just is -- we have very good relationships with clients. And so many of these things are sort of already decided, but then they get caught in the contracting and there's a big pipeline of things. And because of the relationship we have with our clients, they know it's coming up and they tend to sort of bump us up to the top of the heap and create this big backlog in Q4. So we are trying to get it a little more like we'd -- we'd like to have two big bumps, one in December, one in June, but we'll keep working on that.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah, so let me clarify. The 150 basis points is the rollover impact of acquisitions that closed during 2020. That includes acquisitions that closed in February of 2020. And that's nothing to do with Santek. Santek did not close by December 31, it is not in that 150 basis points. Based on the timing of when it closed in 2020, you get a rollover benefit, just because you didn't report a full year in 2020, that's the 150 basis points. If you were to just annualize the revenue of what we acquired in 2020, it's over $200 million.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes, great question. So I will start off and I'll let Steve jump in. So we have always said that as we think about the portfolio, we want to make sure that we are focused on those areas where we can really drive momentum across the entire portfolio. Obviously when we signed the transaction to acquire Walden University, we really had shifted the center of gravity of the organization to Medical and Healthcare, that certainly doesn't mean that we believe the financial services, don't have a mission always said right, that we are helping people remain relevant in their current roles and have a career journey and not just a job and we do that on both side. But in terms of timing, this is a time where these businesses are on a great growth trajectory, where a lot of the investments that we've made and talked about with you all quarter-over-quarter in and quarter out, have -- are starting to really come to fruition here whether it's marketing, technology, etc. And we also have the right leadership and teams in those organizations now, which as you all know, we went through those transitions over the last year or two. So from our perspective, this is the right time for us to determine a home that can really focus on them and the Financial Services programs and offerings that they have.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. We intend at this point in time, we intend to give guidance when we release earnings in November.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Sure. Joe, I'm going to take the first one and then Karen is going to take the second one. So portfolio BU, yeah, the way I think of that is, as I mentioned, so the nearest term is that that business has been pretty correlated to economic industries. So I commented on that in the prepared remarks and certainly we've seen improvement with Q4 going into positive territory for the first time in nine quarters and that continuing into Q1 so far. In terms of the actions we're taking, first and foremost is really about the go-to-market motions with that business unit. It has got a very broad set of customers and we see opportunity to improve the efficiency and the effectiveness of our sales and marketing channel. And so things that we're doing in terms of our website with ni.com, with the distribution actions we're taking have a disproportionate impact on that portfolio BU. So that's a big focus in the shorter term. Now in the longer term, we are also working on things that we will do to essentially make the products fit better into those channels, if you will. So these are incremental improvements to our products to improve their ease of use, to make them easier to buy, easier to use, easier to support and we see increased opportunity in our software position in that space and through more subscription based models in the way that we serve those set of users.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So, Maheep, as far as the construction is concerned, right, as soon as close to 300 megawatts of the first tranche with the 800 megawatts we get one-third get signed, we will start the process of financial process and so on. As I had mentioned in my last call, we have already started acquiring the land. So the land acquisition is well underway. So we are in a really great position to start planning the product construction on the ground as soon as the power purchase agreements are signed. As you know, we have two years to then be able to build this project. So, that means that typically the equity requirements, it don't happen about nine to 12 months before the project is commissioned. So therefore, the equity need for us would come in a year from now, assuming that the power purchase agreement is signed this week. Then we will need the equity in about a year from now. So well before that, we will go out to our investors, to the shareholders, to the stakeholders and figure out how we want to then raise the money but we have plenty of time.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I'm sorry, I was muted. I apologize. I was not able to understand the end of your question. You were asking about Taesa's divestment, but I did not understand why.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Hi. Good morning. Thanks for taking my question. I was hoping to ask about labor a little bit more and hoping, Mike, you could talk a little bit about how you're dealing with getting good people now and any seasonal staff you've brought on board. And then just to continue to talk about the Dollar Tree side of the business, how you all are planning for some of that incremental complexity as you roll out the $1.25 price point from a labor perspective? Thanks.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Good morning.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I think it's -- the first step has been really the tapering of concessions, and we are starting to see the impact on the rent that you saw. Net effective rents up. But I think it's a little bit early to -- the data points are not sufficient yet for us to give you that level of color quite this quarter. Hopefully, next quarter, we'll be able to give you more color on that. But it -- great position to be in. The market fundamentals are strong. The assets performed really well relative to competitors, and we're optimistic about what that means in terms of rental growth and pricing power going forward.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I think that's a good question. Actually, in the last few weeks, we actually observed a little bit -- more stringent supply chain in terms -- actually in both situation in semiconductor, in the chipset. So there are some chipsets that we're using in our central controllers so that has impacted us a little bit, and -- as well as we see a temporary shortage in the batteries. For us, it's -- we have secured some supply chains at the beginning of the year so that helps us to really to cope with the situation and basically, we observed a temporary glitch about one week or no longer than two weeks of glitch. But that has -- we were able to actually able to handle the situation so far.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah. So did -- as we mentioned China performed very well. Overall in Q4, it's a 19% growth and we've seen continued strength in Q1 to date in APAC overall. And semi is a big piece of that. Now there is a lot of moving pieces to be honest in terms of China. As we've highlighted in the past, we have trade tensions and the restrictions, but then there is also an economic recovery really taking hold in APAC and in China. There is a stimulus that's going on which does affect semiconductor as well. So there is a large investment in new semiconductor companies in China that we think is a tailwind certainly, right now and going forward. And then really proud of the execution of our team. So it's been a dynamic environment and certainly they've had to adjust to a lot of change. And one of the areas in particular is in the semiconductor space the work that we've done to position ourselves with the literally thousands of semiconductor start-ups that have emerged in China that need software connected test equipment and so forth. So I'm really proud of the execution of the teams there as well.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> So OK. There's a lot of questions, but I'll hit them all. We didn't provide guidance because we don't have confidence in the way the pandemic is going to kind of withdraw, and the economy is going to recover. And that just plays a huge role in it more so even in our markets because when all the stay at home and the moratoriums are off, we think we're going to see a big change. You saw -- and we said it in our prepared remarks that we're happy with what we're seeing on the leasing. Because as you look at the last three quarters where the impact quarters, you saw 125 new deals. The second quarter, 150, or third. Now, 200 new deals in the fourth quarter. That's a very good trajectory, and it gives us confidence that when the market loosens up, when the state home orders are off, when people are feeling more confident about going out, we're going to do a lot of leasing. We know we have a strong market here. But the question of when that happens play such a huge role in the way we lease, in what our numbers end up being, that we don't feel confident that we can give you good information and guidance to the way the year is going to roll out, so that's why we didn't give guidance. In terms of the leasing, it depends on that same set of issues. What was your last question?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Well, we can't break those programs out. That's competitive intelligence. We are bidding. I'm sure we're trying to get visibility to you and everyone else about, hey, what's the -- what are we working on, right? So what can you expect? I got to say I'm pleasantly surprised in a big way of how much progress we've made on grid services. How many contracts we've locked up? I mean, $67 million, I think, is up there, especially the number of contracts at 10. I never thought we'd be in the spot. And then looking ahead, more and more programs are coming our way, and we're seeing a lot more profitability as far as the dollars that are associated with these programs. So I can't break them out and for competitive reasons, but I'm trying to do everything I can to give you a window into what we're working on and what kind of money is associated with that. So -- and hopefully, we'll have big wins.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you, Lucas[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> I understand you. Our view in general, I can tell you, it is that the rig went down during this period and didn't recover yet. We expect 2021 to be subdued in the Middle East even if the projects that we see in Qatar, the unconventional in Saudi are sustained and substantial. [Indecipherable] very important plant. But we will see this more in 2022 than in 2021. This is relevant for us because, I mean, we expect our -- probably our sales to be more contained in -- during 2021. This is important because some of our very special products are going in that part of the world. But still, we are very confident in the recovery in 2022.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks for the question, Josh. Have a good evening.[/INST] Prediction (one of UP, DOWN, SAME): UP

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks for taking the question. Just wanted to go back to sort of the external growth side of things, I know you've emphasized on and adjacent. Just want to get your latest thoughts on sort of maybe widening that a little bit given your cost to capital and maybe just some changing trends you alluded to more off-campus. And is that somewhat -- I know you had sort of indicated that a couple of quarters ago, but just wondering how the mix is over the next year?[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yes, Stephen, it's Brian. Good morning. As it relates to the staffing challenges, certainly, there's modest differences from park to park, but I would characterize it similar to Richard's earlier comment that that tight labor market is really a nationwide problem, something we're seeing across all our properties here in North America. So certainly, the ones that are a little bit more of a distance from the bigger metropolitan areas may have some incremental challenges, while those that are closer, staffing gets a little bit easier, at least the population base is a little bit deeper. In terms of our outlook, as I mentioned on -- to an answer to an earlier question, the step functions that we took in rate this year to address the staffing challenges, I think those rates are very relevant still for next year, not necessarily seeing a need for those to increase. And in fact, as we noted in our comments, we're trying to build more flexibility with more runway to plan, we want more flexibility in the labor model going forward. There are certainly some tailwinds that can help us. Seeing the J-1 Visa program come back, we had a modest amount of associates that came through that channel this year, little later in the game, but seeing that continue to get back to its historical levels will definitely benefit us. And then, as I just mentioned, certainly more runway to plan our staffing models to recruit should benefit us as well, as we look to offset some of the rates pressures we saw this year.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Absolutely. That is why I was saying in the initial remarks, that we're expecting a better outlook for the winter. And yes, we have some requests from the airlines. But this request does not mean that they will and we have been used the slot. So they can cancel the slots at the last minute, as they have done during the pandemic levels. But it's clear that we lost in Canada they be in the high season at the third week of January this year. So we are expecting them to go back and if the winter is strong in the North of Americas. It will be a good season for us. And that is also the case of Europe. In the case of Europe, probably, you can see the news, and we are seeing some recoveries just to give you something or an example, yesterday, we had the first flight from Vienna. And in the case of Vienna, the flight was canceled 14 years ago. So after 14 years, they're coming back to Cancun. So yes, we are seeing also a recovery from the case of Europe.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Yeah, thanks. Two questions. Roland, you had said at the beginning of the year on the cost side that one mitigating factor would be your ability to hire the talent that you're seeking. So, I guess, my question is, is that starting to ease? And what is your headcount up year-over-year? And then I've got a follow-up.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks, Ross. This is Dan. So first, on PIF, I think everything is in line with what we have talked about on prior calls. We are encouraged by the growth that we saw in the first quarter. We're focused on executing our plan for the rest of the year. We're focused on moving into additional states later this year, as I mentioned earlier. And all of that will drive PIF growth and direct written premium growth in line with the guidance that we gave on prior calls. Similarly, our retention rates are in line with prior quarters as well. As we've talked about, we are deploying multiple strategies focused on enhancing retention, and we expect that you'll see those strategies pay off and show up in the numbers. But it takes time, Ross, as you know, for that to happen. And at the same time, you're seeing -- you're going to see an influx of new writings associated with the growth that, as we have talked about, will impact our loss ratio. So you have these tailwinds and headwinds associated with the loss ratio that we continue to see playing out consistent with what we talked about on the Q4 call that, net-net, over the course of the year will show loss ratio improvement.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> You bet.[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Good morning Rob.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Good morning. Thanks very much for taking my question. Mark, just on volumes, given that it's more than halfway through the quarter, can you provide any update on just volume trends thus far just relative to what you said about the first half being flat to down? And should we expect a gradual progression upward through the course of the year in terms of the volume numbers, just given the comp last year?[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Correct.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> What we disclosed last time as our expectation is in line. What we said was mid- to high 30% and markets roughly around 43%. So we're slightly below the rest of the market, still in the mid- to high 30s.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> It depends on -- it depends, you know, for -- it depends only what one we would do. So, like the one that's the extended regimen would be, you know, a follow-on, and if you will to the Twirla -- Twirla NDA. The progestin-only is a little bit different. Depending on the way -- the way we go with the progesterone-only, we may have found another IND. So, it really depends on what candidate. But in general, they're generally thought to be line expansions, but the progestin-only may require new IND. It's really that different. So, that's the work we're still doing right now. But if it's the other two, more than likely, they'll run in the same IND. I'll now --[/INST] Prediction (one of UP, DOWN, SAME): DOWN

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Jay, let me start. Thanks for the question. And we are really truly excited about Cerebrus. I believe Cerebrus is a fundamental breakthrough using reinforcement learning to basically drive our digital full flow. So, I mean, [Indecipherable] can give great quality of results. But the designers still run them and based on their intuition run them again and do the design that way. And Cerebrus can do that much more -- in a much more mathematical way to explore the design options and parameters. And we announced that last week, as you said, and some of the results or some of the endorsement, for example, Samsung said they got 8% power improvement and this could be done in days versus months. And Renesas said that they got 10% improvement in frequency. So these are definitely very promising results. I mean it's still early. We are continuing to work with more -- more and more customers, but so far we are happy with how well Cerebrus is performing. And these are based on fundamental kind of new optimization methods. And one thing I would like to remind you is that we have a lot of expertise in computational software, a lot of it can be applied to AI. So it's still early days. And I think these can be definitely applied to other areas. So, for example, we also announced Allegro X a couple of months ago. And that also has new machine learning technology to try and more automate place and route for PCB. So I think it's still early days, but we are very pleased by what Cerebrus can do and application of AI/ML in general to EDA and to simulation and system design.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Okay. I mean, if we can execute and grow loans, we still think that there's pressure on the loan yields. The investment yields, we think, have maybe hit the inflection point. There's still a little bit of headwind on our core NII. But our goal is to continue to generate loans and help offset that. As Allen mentioned earlier, just impacting our overall mix will help. And hopefully, we can -- our customers start using some of that excess deposits that they have.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thank you.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Thanks, Alvaro.[/INST] Prediction (one of UP, DOWN, SAME): SAME

[INST] <<SYS>>You are a financial analyst, determining what effect an earnings call will have on the company's stock price, based on a summary of one. Be as critical and skeptical as possible, and remember that the market may disproportionally react to small unexpected details. Respond with one of: UP, DOWN, SAME<</SYS>> Adam, do you mean just from a, how it spread out over the year. We typically say...[/INST] Prediction (one of UP, DOWN, SAME): DOWN