Question-and-Answer Session Okay. Well, we're well on target with our synergies and what we promised. Most of the synergies we promised this year were real estate related initially and then labor. Real estate, probably $150 million. That was taken care of and immediately almost day 1. And the second part was labor. The labor started December 1 and goes through -- well, the first part of it goes through just about now. And that was duplication of management because we didn't need as much middle management as ...

Omnicom (NYSE:OMC) FY Conference May 19, 2026 03:35 PM ET Speaker1Should we get started? Okay, great.Speaker0Super.Speaker1All right, I'm happy to have back at the conference this year, Omnicom. With us today we have John Wren, Chairman and CEO, Phil Angelastro, EVP and CFO, and at the end, Paolo Yuvienco, CTO. Thanks so much for being here today, guys. John, maybe I'll start with you. You recently reported your first full quarter following the IPG acquisition, and maybe we could start there. Can you update ...