Mike McMullen: We think there’s an element that will also be in pharma as well. So you’re right. I was focusing specifically on the Chemical segment of Europe, but that’s also part of the storyboard as well. You can manage large pharma accounts who are dealing with increased costs, trying to figure out what they want to do in 2023. So that’s a watch area for us as well. But I will say, some of the other secular drivers that we talked about earlier, such as investments in renewable energy, there’s a big push to make hydrogen more of a source of energy. So this plays right in the sweet spot of Agilent. So — but we are cautious about the large accounts in Europe and what they may do in ’23 in those two end markets.
Dan Leonard : And then I have an unrelated follow-up. On the NASD business, can you be specific about what is your outlook for that business in 2023? And what might be your opportunity to expand the service offerings in that business beyond your traditional product offering?
Mike McMullen: Yes. Sam you know might obviously take a lead on that just to kind of — and then have Bob jump in here as well. I mean we’re assuming that our new capacity for Train B comes online, mid-year calendar year, it starts and will reach I believe full capacity by the end of the year. And we do think there’s further expansion opportunities both in terms of what we do already, but broadening the portfolio. But Bob, maybe you want to walk through some of the thoughts on the financial expectations.
Robert McMahon : Yes. I mean we ended this year touching on roughly $300 million for that business, and we’ve talked about this Train B being $150 million plus of capacity when Mike says we’re going to be at capacity at that run rate by the end of the fiscal year. And you could imagine that probably less than half of that is a ramp-up, but we would expect a strong growth here. And I would say Train B is primarily siRNA, although we do have early — some growing business in CRISPR Therapeutics out of our existing facilities, and we expect that to continue to grow as well.
Operator: We go next now to Dan Arias of Stifel.
Daniel Arias : Hey, Mike, just a question on GC/MS. 30% growth for the quarter is pretty robust. For ’23, would you expect a little bit of a decoupling from LC/MS there just given that it feels like there’s more — a little bit more cyclicality on the GC side, maybe a little bit more pharma on the LC side? Or do you think those portfolios track similarly again?
Mike McMullen: I think we’ve always felt — and Jacob, feel free to jump in this. We’ve always felt that long term, we expected LC/MS to have higher growth rates than GC/MS. And I think we’d expect that to play out in the long run. I’m not sure about ’23 because GC/MS plays really well in the advanced materials space. We’ve been talking about some of the secular drivers there. But also, as Jacob mentioned, PFAS is an area, too. So I don’t know if we’re going to see that much divergence in ’23, but it’s a great question. I haven’t thought about it.
