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Investment Strategy
at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch), regulated by the Du
Page: HOUSE_OVERSIGHT_014457 →at current levels. The fundamental bull case for Health rests on the strong pipeline of new products for
Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel}: Merrill Lynch srael Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch DIFC}: Merrill Lynch International (DIFC Branch}, regulated by the Du
Page: HOUSE_OVERSIGHT_014496 →ncrease penetration of higher margin offerings 48 Health: Not Tremendously Prescriptive 51 Vision 2030 a s
Otoritas Jasa Keuangan (OJK); Merrill Lynch (Israel): Merrill Lynch Israel Limited, regulated by Israel Securities Authority; Merrill Lynch (Russia): OOO Merrill Lynch Securities, Moscow, regulated by the Central Bank of the Russian Federation; Merrill Lynch (Turkey |.B.): Merrill Lynch Yatirim Bank A.S., regulated by the Capi
Page: HOUSE_OVERSIGHT_016194 →Entities connected to both OOO Merrill Lynch Securities and HealthCap

Donald Trump
PERSON
Michael Bloomberg
PERSON
United Kingdom
LOCATION
Bank of America
ORGANIZATION
Seoul
LOCATION
Bank of America Corporation
ORGANIZATIONThe Financial Service Board
ORGANIZATION
Merrill Lynch
ORGANIZATION
Merrill Lynch Global Wealth Management
ORGANIZATION
Frankfurt
LOCATIONMerchant Bank
ORGANIZATION
United States
LOCATIONthe Prudential Regulation Authority
ORGANIZATION
Bank of America, N.A.
ORGANIZATIONthe Securities and Futures Bureau
ORGANIZATION
Merri
ORGANIZATIONBaFin
ORGANIZATION
BofA Merrill Lynch
ORGANIZATIONMerrill Lynch (Asia Pacific) Limited
ORGANIZATIONthe Financial Supervisory Service
ORGANIZATION