Patrick Kaltenbach: Yeah. Shawn, if I might add to yours. Of course, we’re seeing some headwinds there in biopharma mainly. And you mentioned also the single-use sensor topic that we have with PendoTECH for the end market segment. But on the other hand, on Ingold reusable sensors, we are not having the same stocking dynamics that we have seen with PendoTECH, but that actually is still a good ongoing recurring [ph] business. And I also want to add here and I know we talk a lot about innovation, but we also launched last year a new unbreakable sensor that is now really a great success story for us in the dairy [ph] business, and we continue to launch it into new market segments. It really is differentiating us from our competitors. So, I am very positive about the product portfolio and how it will help us to also gain market share there even in difficult market environments.
Joshua Waldman: Appreciate the detail, guys.
Operator: Your next question comes from Rachel Vatnsdal with JPMorgan. Your line is open.
Rachel Vatnsdal: Great. Thank you for taking the question. So, I want to follow-up on some of those comments around pharma and biopharma customers. Can you just walk us through, are you seeing any difference in buying trends between your large pharma customers and some of those smaller biotechs. And then can you detail us how are those conversations about decision-making on spending difference between the two? And then as a follow-up, just can you remind us how small is your emerging biotech exposure?
Patrick Kaltenbach: So, overall, our small biotech exposure is really small. I mean, that’s not the majority of our customer base. The major customer base for us in pharma and biopharma are larger customers. And to your second part of the question about the decision slowdown, I guess there’s not a specific particular reason we could point to. We’re just saying what we’re seeing is that delay in decision-making. What the real root causes of that might be different for different businesses. But I think overall, pharma just has become more cautious with spending. And that affects us across the board of our product portfolio.
Rachel Vatnsdal: Great. And then, maybe just a follow-up here on pricing. You said that you’ll take roughly around 5% pricing this year. You also had above the average pricing contribution last year as well. So, how should we think about that pricing translating into 2024? Will you guys go back to your normalized range? Could it go below? What are really the expectations there? Thank you.
Shawn Vadala: Yeah. Hey, Rachel, I mean, of course, it’s early still to provide too many insights in terms of how we’re thinking about 2024. But maybe what I would say is that we still feel very good about our value propositions. We still feel very good about our program. We continue to invest heavily in R&D to continue enhance those value propositions. And depending on the inflationary environment, I would expect us to be probably more in a normalized situation kind of going into next year, but I think we’ll kind of have to see how the inflationary environment plays out.
Operator: Your next question comes from Liza Garcia with UBS. Your line is open.
Elizabeth Garcia: Good evening, guys. Thanks so much for squeezing me in. So, I’ll try to keep it brief. Just circling back since we’re talking about China. I think you called out growth actually on the Industrial side of the China business. And I know the focus has been on the biopharma and pharma piece obviously, you detailed quite a bit there. Can we just talk about your expectations on the other businesses in China for the balance of the year and kind of what you’re seeing there and how to think about that? And then, I’ll have a follow-up really quickly.
