Aidan Donnelly

And again, it's not for what people think it might be.

It's not the retail side of it is doing okay.

The e-commerce side actually is benefiting from improving fulfillment and delivery speeds.

We've obviously got same day delivery in the US now, and it's been very, very positive for them.

And online store sales were up about 8% year on year for them.

But

the real growth here is what's called Amazon Web Services or AWS.

And you're seeing significant growth there as they try to fuel the demand for capacity around AI and things like that.

But also what's interesting is their advertising segment was also a standout.

It increased

22% year-on-year, really driven by Prime Video and DSP and now being both meaningful contributors to the overall company.

A nice quiet one.

It's been a very busy week.

Not at all.

I don't have enough of that to be counting it.

Yeah, it's interesting until you kind of, when you pick, well, I don't disagree that, you know, there's changes to be made.

He's really, what he's saying is, look, if we had one exchange, you know, European companies wouldn't need to go to New York to get quoted on New York Stock Exchange in order to get capital.

But I think, you know, how many exchanges you have is kind of the last step of the way.

There's an awful lot of other changes needed to be made and

If you look at the EU plans for capital market integration, they've pretty much stalled for the last good few years because in large part due to Germany's opposition to shifting the supervision of the financial markets from Germany