5 unchanged sentences
such risks by investing in short-term, liquid, highly rated instruments.
−Removed: As of December 31, 2019, our cash equivalents
−Removed: and investments are invested exclusively in money market funds.
−Removed: We do not believe we have any material exposure to interest rate
−Removed: risk due to the extremely low interest rate environment and the short duration of the invested funds we hold.
−Removed: Declines in interest
−Removed: rates would reduce our investment income but would not have a material effect on our financial condition or results of operations.
−Removed: We do not currently have exposure to foreign currency risk.
+Added: As of December 31, 2020, our cash equivalents are invested
+Added: primarily in short-term U.S.
+Added: treasury bills.
+Added: We do not believe we have any material exposure to interest rate risk due to the
+Added: extremely low interest rate environment and the short duration of the invested funds we hold.
+Added: Declines in interest rates would
+Added: reduce our investment income but would not have a material effect on our financial condition or results of operations.
+Added: currently have exposure to foreign currency risk.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.