Owen Lau

“It doesn't look like people are interested in software, but platform ARR grew 72% year-over-year. Could you please talk about attraction there? What are the use cases that resonate with clients driving these strengths?”

“Given the spin-off of mobility and now the strategic review for CapIQ, and Martina, could you please talk about what will S&P Global look like in three years and which area you think S&P can drive faster revenue growth after all these restructuring?”

“Could you please talk about MA's longer term model of selling data? So given the pros and cons, do you think MA can get more revenue by entitling more users to get data through AI models and MCP or sell the data directly through your own channel?”

“I have a question about your free cash flow guidance. It's being maintained even though you bid the results by quite a bit. I saw the interest expense raised by $6 million, and Andy also mentioned higher investments, and we had lots of conversation about these investments already.”

“So, going back to the LLPA question, if there are essentially two different LLPA grids, How will this impact the back-end securitization part, how to harmonize the whole value chain, and also ultimately how it would impact which score to use?”