• Mercedes driver Lewis Hamilton celebrates winning the Formula One Saudi Arabian Grand Prix, with second placed Red Bull's Max Verstappen in the background, on Sunday, December 5, 2021. AP
    Mercedes driver Lewis Hamilton celebrates winning the Formula One Saudi Arabian Grand Prix, with second placed Red Bull's Max Verstappen in the background, on Sunday, December 5, 2021. AP
  • Max Verstappen and Lewis Hamilton compete in the Formula One Saudi Arabian Grand Prix on Sunday, December 5. AFP
    Max Verstappen and Lewis Hamilton compete in the Formula One Saudi Arabian Grand Prix on Sunday, December 5. AFP
  • Max Verstappen and Lewis Hamilton tussle for the lead. Getty
    Max Verstappen and Lewis Hamilton tussle for the lead. Getty
  • Max Verstappen and Lewis Hamilton compete for the lead. AP
    Max Verstappen and Lewis Hamilton compete for the lead. AP
  • Max Verstappen and Lewis Hamilton during the race. Getty
    Max Verstappen and Lewis Hamilton during the race. Getty
  • Drivers take the start of the Formula One Saudi Arabian Grand Prix at the Jeddah Corniche Circuit in Jeddah on December 5, 2021. AFP
    Drivers take the start of the Formula One Saudi Arabian Grand Prix at the Jeddah Corniche Circuit in Jeddah on December 5, 2021. AFP
  • Mercedes driver Lewis Hamilton leads at the start of the race. AFP
    Mercedes driver Lewis Hamilton leads at the start of the race. AFP
  • Jets release smoke as they perform an air display over the Jeddah Corniche Circuit. AFP
    Jets release smoke as they perform an air display over the Jeddah Corniche Circuit. AFP
  • Jets release smoke as they perform an air display over the Jeddah Corniche Circuit. AFP
    Jets release smoke as they perform an air display over the Jeddah Corniche Circuit. AFP
  • A jets performs during an air display over the Jeddah Corniche Circuit. AFP
    A jets performs during an air display over the Jeddah Corniche Circuit. AFP
  • Jets perform an air display over the Formula One Saudi Arabian Grand Prix in Jeddah. AFP
    Jets perform an air display over the Formula One Saudi Arabian Grand Prix in Jeddah. AFP
  • Jets perform an air display over the Formula One Saudi Arabian Grand Prix in Jeddah. AFP
    Jets perform an air display over the Formula One Saudi Arabian Grand Prix in Jeddah. AFP
  • Drivers and team members pay tribute to the late founder and former team principal of Williams Racing, Frank Williams who died a week before the race. AFP
    Drivers and team members pay tribute to the late founder and former team principal of Williams Racing, Frank Williams who died a week before the race. AFP
  • Lewis Hamilton looks at the trophy prior to the start of the Formula One Saudi Arabian Grand Prix. AP
    Lewis Hamilton looks at the trophy prior to the start of the Formula One Saudi Arabian Grand Prix. AP
  • Red Bull's Max Verstappen before the race. Reuters
    Red Bull's Max Verstappen before the race. Reuters
  • Ferrari's Carlos Sainz Jr before the race. Reuters
    Ferrari's Carlos Sainz Jr before the race. Reuters
  • Drivers stand and take a knee on the starting grid prior to the race. AFP
    Drivers stand and take a knee on the starting grid prior to the race. AFP
  • Lewis Hamilton, Mercedes teammate Valtteri Bottas and Red Bull's Max Verstappen. AFP
    Lewis Hamilton, Mercedes teammate Valtteri Bottas and Red Bull's Max Verstappen. AFP
  • Drivers race during the Saudi Arabian Grand Prix at the Jeddah Corniche Street Circuit. AP
    Drivers race during the Saudi Arabian Grand Prix at the Jeddah Corniche Street Circuit. AP
  • Mechanics work on the car of McLaren driver Lando Norris in the pits. AFP
    Mechanics work on the car of McLaren driver Lando Norris in the pits. AFP
  • Alpha Tauri driver Pierre Gasly during the race. AFP
    Alpha Tauri driver Pierre Gasly during the race. AFP
  • Mick Schumacher's Haas after crashing. Getty
    Mick Schumacher's Haas after crashing. Getty
  • Haas driver Mick Schumacher after crashing. Getty
    Haas driver Mick Schumacher after crashing. Getty
  • Alpine driver Esteban Ocon competes in the Formula One Saudi Arabian Grand Prix. AFP
    Alpine driver Esteban Ocon competes in the Formula One Saudi Arabian Grand Prix. AFP
  • Race marshals remove the car of Williams driver George Russell after a crash. AFP
    Race marshals remove the car of Williams driver George Russell after a crash. AFP
  • A race marshal assists Haas driver Mick Schumacher after his crash. AFP
    A race marshal assists Haas driver Mick Schumacher after his crash. AFP
  • Red Bull driver Max Verstappen speaks with team members during a second stop in the race. AFP
    Red Bull driver Max Verstappen speaks with team members during a second stop in the race. AFP
  • Lewis Hamilton speaks with team members during a second stop in the race. AFP
    Lewis Hamilton speaks with team members during a second stop in the race. AFP
  • Red Bull driver Sergio Perez leaves his car after a collision. AFP
    Red Bull driver Sergio Perez leaves his car after a collision. AFP
  • Sergio Perez after crashing. AFP
    Sergio Perez after crashing. AFP

Horner and Wolff unite in hope F1 title battle will be decided on Abu Dhabi GP track


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Bitter rival Formula One bosses Christian Horner and Toto Wolff do finally agree on one thing – they want Sunday’s epic title decider at the Etihad Airways Abu Dhabi Grand Prix to be a clean race.

Off the circuit, the duo have been scrapping almost as hard as their drivers Max Verstappen and Lewis Hamilton, and the rivalry has become so ill-tempered, furious Wolff hurled his headset to the floor in Jeddah while angry Horner was punished for his Qatar outburst.

Despite the bad blood, the Red Bull boss and his Mercedes counterpart want the final race of the year decided on the Yas Marina Circuit track and not in front of the stewards or by a crash.

After 21 races on four continents, Verstappen and Hamilton go into last race dead level on points, which has not happened in F1 since 1974.

If Hamilton wins he will make history as the first driver to win eight championships, but a victory for Verstappen would not only be his first title but herald the first non-Mercedes champion of the hybrid era.

“We go to Abu Dhabi tied in the world championship and leading by virtue of race wins, it’s whoever finishes ahead,” Horner said. “It’s just a straight fight as it has been all year. Now Mercedes have won three in a row, Max won two before that. Who’s going to come out on top? I have no idea.

“Obviously we’ve seen their [superior] performance in recent races. The form is with Mercedes but Max has fought like a lion and given it everything.“

Red Bull are also eager to discover the effect of the dramatic changes to the Yas Island track, which throws in another curveball after teams had wrestled with the demands of brand new events in Qatar and Jeddah.

“They’ve changed it again so there’s another variation in the championship,” added Horner.

Reflecting on Verstappen’s tactics in Saudi Arabia - where Hamilton accused the Dutch driver of brake-testing after colliding into the back of his car - Wolff said: “It was hard, very hard, maybe over the line hard. We just want to have a clean championship and someone win. If it’s Max in the end then I have peace with that but it needs to be a fair race.”

Verstappen would become champion if they crash out together in Abu Dhabi. Although the duo are tied on points it would go to a countback and Verstappen has one more win than Hamilton.

“Max he has more wins, that’s still an advantage,” added Wolff. “It’s just important to have a great, great end of the season, two fantastic drivers racing each other.

“Everybody has had their fair share of bad luck. Max lost a lot of points at Silverstone, wasn’t at all to blame in Hungary but then maybe gained a little bit back in Spa and we had our engine penalties.

“In the end it’s going down to the wire. That’s how the sport should be. It’s good.”

F1 teams arrive for Abu Dhabi Grand Prix

  • Staff from the Ferrari team inside the Yas Marina Circuit grounds ahead of the Formula One Etihad Airways Abu Dhabi Grand Prix. Photo: Abu Dhabi Motorsports Management
    Staff from the Ferrari team inside the Yas Marina Circuit grounds ahead of the Formula One Etihad Airways Abu Dhabi Grand Prix. Photo: Abu Dhabi Motorsports Management
  • Formula One safety cars are transported to Yas Marina Circuit. Photo: Abu Dhabi Motorsports Management
    Formula One safety cars are transported to Yas Marina Circuit. Photo: Abu Dhabi Motorsports Management
  • A forklift truck moves items in the Yas Marina Circuit paddock. Photo: Abu Dhabi Motorsports Management
    A forklift truck moves items in the Yas Marina Circuit paddock. Photo: Abu Dhabi Motorsports Management
  • Trucks transport team equipment on the Yas Marina Circuit. Photo: Abu Dhabi Motorsports Management
    Trucks transport team equipment on the Yas Marina Circuit. Photo: Abu Dhabi Motorsports Management
  • Preparations for the 2021 Abu Dhabi Grand Prix began long before the teams arrived. A painter uses a machine to paint the track in November ahead of the F1 season finale. Khushnum Bhandari / The National
    Preparations for the 2021 Abu Dhabi Grand Prix began long before the teams arrived. A painter uses a machine to paint the track in November ahead of the F1 season finale. Khushnum Bhandari / The National
  • Preparations and clean up at the Yas Marina Circuit, ahead of the Abu Dhabi Grand Prix. Khushnum Bhandari / The National
    Preparations and clean up at the Yas Marina Circuit, ahead of the Abu Dhabi Grand Prix. Khushnum Bhandari / The National
  • Preparations and clean up took place last month to get the Yas Marina Circuit ready for the finale F1 race of the season. Khushnum Bhandari / The National
    Preparations and clean up took place last month to get the Yas Marina Circuit ready for the finale F1 race of the season. Khushnum Bhandari / The National
  • A painter uses a paint machine to get the Yas Marina Circuit race ready. Khushnum Bhandari / The National
    A painter uses a paint machine to get the Yas Marina Circuit race ready. Khushnum Bhandari / The National
  • Yas Marina Circuit saw some upgrades during preparations for the 2021 Abu Dhabi Grand Prix. Khushnum Bhandari / The National
    Yas Marina Circuit saw some upgrades during preparations for the 2021 Abu Dhabi Grand Prix. Khushnum Bhandari / The National

But the championship has been one of the most ill-tempered in recent memory with other team bosses suggesting the behaviour of the duo was becoming unacceptable.

Wolff slated his rival for chasing publicity and creating a pantomime, so Horner hit back joking his 6ft 4in opposite number would make the perfect pantomime dame.

There has also been rolling accusations on both sides and a strong undercurrent of suspicion.

In Brazil, Red Bull claimed the remarkable turn of speed that allowed Hamilton to win from the back row of the grid was down to rear wing movement that was illegal in the spirit of the rules if not the actual wording.

Prompted by Red Bull, FIA stewards examined Mercedes’ rear wing and it failed by just millimetres, so Hamilton was hurled to the back of the grid. Mercedes hit back saying their rival was seeing “ghosts” as their wing passed a barrage of extra tests.

Abu Dhabi Grand Prix - past winners

  • ABU DHABI PODIUM: 2024: 1) Lando Norris (McLaren) 2) Carlos Sainz Jr (Ferrari) 3) Charles Leclerc (Ferrari). Chris Whiteoak / The National
    ABU DHABI PODIUM: 2024: 1) Lando Norris (McLaren) 2) Carlos Sainz Jr (Ferrari) 3) Charles Leclerc (Ferrari). Chris Whiteoak / The National
  • Lando Norris sealed his first ever victory at the Abu Dhabi Grand Prix in 2024. Chris Whiteoak / The National
    Lando Norris sealed his first ever victory at the Abu Dhabi Grand Prix in 2024. Chris Whiteoak / The National
  • 2023: 1) Max Verstappen (Red Bull) 2) Charles Leclerc (Ferrari) 3) George Russell (Mercedes). Getty Images
    2023: 1) Max Verstappen (Red Bull) 2) Charles Leclerc (Ferrari) 3) George Russell (Mercedes). Getty Images
  • Max Verstappen secured a fourth consecutive Abu Dhabi Grand Prix win in 2023. Victor Besa / The National
    Max Verstappen secured a fourth consecutive Abu Dhabi Grand Prix win in 2023. Victor Besa / The National
  • 2022: 1). Max Verstappen (Red Bull) 2) Charles Leclerc (Ferrari) 3) Sergio Perez (Redd Bull). Getty Images
    2022: 1). Max Verstappen (Red Bull) 2) Charles Leclerc (Ferrari) 3) Sergio Perez (Redd Bull). Getty Images
  • Max Verstappen on his way to a third Abu Dhabi GP victory in a row in 2022. Getty Images
    Max Verstappen on his way to a third Abu Dhabi GP victory in a row in 2022. Getty Images
  • 2021: 1) Max Verstappen (Red Bull) 2) Lewis Hamilton (Mercedes) 3) Carlos Sainz Jr (Ferrari). Reuters
    2021: 1) Max Verstappen (Red Bull) 2) Lewis Hamilton (Mercedes) 3) Carlos Sainz Jr (Ferrari). Reuters
  • Max Verstappen on his way to victory in the 2021 Abu Dhabi GP that saw the Dutchman edge out Lewis Hamilton for the title at Yas Marina Circuit. EPA
    Max Verstappen on his way to victory in the 2021 Abu Dhabi GP that saw the Dutchman edge out Lewis Hamilton for the title at Yas Marina Circuit. EPA
  • 2020: 1) Max Verstappen (Red Bull) 2) Valtteri Bottas (Mercedes) 3) Lewis Hamilton (Mercedes). Getty
    2020: 1) Max Verstappen (Red Bull) 2) Valtteri Bottas (Mercedes) 3) Lewis Hamilton (Mercedes). Getty
  • Dutch driver Max Verstappen on his way to victory at the Yas Marina Circuit on December 13, 2020. AFP
    Dutch driver Max Verstappen on his way to victory at the Yas Marina Circuit on December 13, 2020. AFP
  • 2019: 1) Lewis Hamilton (Mercedes) 2) Max Verstappen (Red Bull) 3) Charles Leclerc (Ferrari). Getty
    2019: 1) Lewis Hamilton (Mercedes) 2) Max Verstappen (Red Bull) 3) Charles Leclerc (Ferrari). Getty
  • British driver Lewis Hamilton crosses the finish line to win the Abu Dhabi GP on December 1, 2019. AP
    British driver Lewis Hamilton crosses the finish line to win the Abu Dhabi GP on December 1, 2019. AP
  • 2018: 1) Lewis Hamilton (Mercedes) 2) Sebastian Vettel (Ferrari) 3) Max Verstappen (Red Bull). Reuters
    2018: 1) Lewis Hamilton (Mercedes) 2) Sebastian Vettel (Ferrari) 3) Max Verstappen (Red Bull). Reuters
  • British driver Lewis Hamilton on his way to victory at Yas Marina Circuit on November 25, 2018. EPA
    British driver Lewis Hamilton on his way to victory at Yas Marina Circuit on November 25, 2018. EPA
  • 2017: 1) Valtteri Bottas (Mercedes) 3) Lewis Hamilton (Mercedes) 2) Sebastian Vettel (Ferrari). Getty
    2017: 1) Valtteri Bottas (Mercedes) 3) Lewis Hamilton (Mercedes) 2) Sebastian Vettel (Ferrari). Getty
  • Valtteri Bottas of Finland on his way to victory at Yas Marina Circuit in Abu Dhabi on November 26, 2017. Christopher Pike / The National
    Valtteri Bottas of Finland on his way to victory at Yas Marina Circuit in Abu Dhabi on November 26, 2017. Christopher Pike / The National
  • 2016: 1) Lewis Hamilton (Mercedes) 2) Nico Rosberg (Mercedes) 3) Sebastian Vettel (Ferrari). AFP
    2016: 1) Lewis Hamilton (Mercedes) 2) Nico Rosberg (Mercedes) 3) Sebastian Vettel (Ferrari). AFP
  • Lewis Hamilton wins the Abu Dhabi Grand Prix at Yas Marina Circuit on November 27, 2016. AFP Photo
    Lewis Hamilton wins the Abu Dhabi Grand Prix at Yas Marina Circuit on November 27, 2016. AFP Photo
  • 2015: 1) Nico Rosberg (Mercedes) 2) Lewis Hamilton (Mercedes) 3) Kimi Raikkonen (Ferrari).
    2015: 1) Nico Rosberg (Mercedes) 2) Lewis Hamilton (Mercedes) 3) Kimi Raikkonen (Ferrari).
  • German driver Nico Rosberg on his way to victory at Yas Marina Circuit on November 29, 2015. Christopher Pike / The National
    German driver Nico Rosberg on his way to victory at Yas Marina Circuit on November 29, 2015. Christopher Pike / The National
  • 2014: 1) Lewis Hamilton (Mercedes) 2) Felipe Massa (Williams) 3) Valtteri Bottas (Williams). Christopher Pike / The National
    2014: 1) Lewis Hamilton (Mercedes) 2) Felipe Massa (Williams) 3) Valtteri Bottas (Williams). Christopher Pike / The National
  • British driver Lewis Hamilton races to victory at Yas Marina Circuit on November 23, 2014. Christopher Pike / The National
    British driver Lewis Hamilton races to victory at Yas Marina Circuit on November 23, 2014. Christopher Pike / The National
  • 2013: 1) Sebastian Vettel (Red Bull) 2) Mark Webber (Red Bull) 3) Nico Rosberg (Mercedes).
    2013: 1) Sebastian Vettel (Red Bull) 2) Mark Webber (Red Bull) 3) Nico Rosberg (Mercedes).
  • German driver Sebastian Vettel on his way to victory at Yas Marina Circuit on November 3, 2013. Christopher Pike / The National
    German driver Sebastian Vettel on his way to victory at Yas Marina Circuit on November 3, 2013. Christopher Pike / The National
  • 2012) 1) Kimi Raikkonen (Lotus) 2) Fernado Alonso (Ferrari) 3) Sebastian Vettel (Red Bull). Reuters
    2012) 1) Kimi Raikkonen (Lotus) 2) Fernado Alonso (Ferrari) 3) Sebastian Vettel (Red Bull). Reuters
  • Finnish driver Kimi Raikkonen leads the field on his way to victory at Yas Marina Circuit on November 4, 2012. Reuters
    Finnish driver Kimi Raikkonen leads the field on his way to victory at Yas Marina Circuit on November 4, 2012. Reuters
  • 2011: 1) Lewis Hamilton (McLaren) 2) Fernando Alonso (Ferrari) 3) Jenson Button (McLaren) Pawan Singh / The National
    2011: 1) Lewis Hamilton (McLaren) 2) Fernando Alonso (Ferrari) 3) Jenson Button (McLaren) Pawan Singh / The National
  • British driver Lewis Hamilton wins at Yas Marina Circuit on November 13, 2011. Pawan Singh / The National
    British driver Lewis Hamilton wins at Yas Marina Circuit on November 13, 2011. Pawan Singh / The National
  • 2010: 1) Sebastian Vettel (Red Bull) 2) Lewis Hamilton (McLaren) 3) Jenson Button (McLaren). Andrew Henderson / The National
    2010: 1) Sebastian Vettel (Red Bull) 2) Lewis Hamilton (McLaren) 3) Jenson Button (McLaren). Andrew Henderson / The National
  • German driver Sebastian Vettel on his way to victory at Yas Marina Circuit on November 14, 2010. Andrew Henderson / The National
    German driver Sebastian Vettel on his way to victory at Yas Marina Circuit on November 14, 2010. Andrew Henderson / The National
  • 2009: 1) Sebastian Vettel (Red Bull) 2) Mark Webber (Red Bull) 3) Jenson Button (Brawn). Stephen Lock / The National
    2009: 1) Sebastian Vettel (Red Bull) 2) Mark Webber (Red Bull) 3) Jenson Button (Brawn). Stephen Lock / The National
  • German driver Sebastian Vettel on his way to victory in the inaugural Abu Dhabi Grand Prix on November 1, 2009. Stephen Lock / The National
    German driver Sebastian Vettel on his way to victory in the inaugural Abu Dhabi Grand Prix on November 1, 2009. Stephen Lock / The National

Even former F1 boss Bernie Ecclestone piled in on Wednesday, accusing Wolff of “bullying” tactics to increase the pressure on 24-year-old Verstappen.

Earlier in the year there had been a ‘limbo’ rear wings row. The sport’s beleaguered officials even introduced a string of beefed up tests in an effort to keep up.

The pressure cooker finally exploded when Horner was called before the stewards in Qatar and punished for accusing a track marshal of “going rogue” and stewards of losing control of their staff.

In Saudi, it was Wolff’s turn as he hurled his radio headset at the floor in fury.

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%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ENomad%20Homes%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2020%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3EHelen%20Chen%2C%20Damien%20Drap%2C%20and%20Dan%20Piehler%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20and%20Europe%3Cbr%3E%3Cstrong%3EIndustry%3C%2Fstrong%3E%3A%20PropTech%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2444m%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Acrew%20Capital%2C%2001%20Advisors%2C%20HighSage%20Ventures%2C%20Abstract%20Ventures%2C%20Partech%2C%20Precursor%20Ventures%2C%20Potluck%20Ventures%2C%20Knollwood%20and%20several%20undisclosed%20hedge%20funds%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: December 09, 2021, 5:38 AM