The united states. I am guy johnson. I am Francine Lacqua and this is the pulse. It has been a bit of a day when it comes to m a. It is a merger monday. Pfizer has confirmed a possible offer for astrazeneca. Thats talk about what is happening in the pharmaceutical sector. Here with me is manus cranny and sam. Gentlemen, good morning. It has been a busy morning. We have bayer to talk about as well. Lets Start Talking about this astro transaction. Maybe this isnt such a great deal but is being driven more by pfizer wanting to put all that cash it has got sitting overseas to work rather than any rational use of that money. As you rightly say, there is quite a few variety of ideas coming out here. At the end of the day, when they broke the rumor last week, everyone was going, maybe it doesnt come and beat me it does make sense. Hadreality is that pfizer approached once, approach twice. Convinced that they can sell to their shareholders and astrazeneca shareholders. Things we dont know abou