I'll pass it to Michael to talk about some of the other factors.

Well, I think part of it was just pent up demand from a multi-year period during the Biden administration that was incredibly antagonistic to big mergers.

And so I think coming into the change of administration at the beginning of last year, what we saw was the potential for a lot of that pent-up demand to be unleashed in the form of bigger deals being announced.

Suzy really nailed it, though, when she talked about the deglobalization trend.

And so much of what we're seeing now is how you've got conflicting national economic priorities working against each other in a way that makes big M&A more complicated.

There's a simple aspect of this, which is that bigger companies today are much more global in scope in terms of their operations and where they're present than they used to be.

And so by virtue of that greater geographic exposure, they're going to fall under the jurisdiction of that many more regulators around the world.

I don't know if it's the U.N. somehow coordinating all global regulatory efforts, but anything that actually kind of keeps you up at night or or could derail this this opportunity?