When approaching a bus stop and observing pedestrians running across the road to catch the bus, what defensive driving action must the bus driver take?

1. Anticipate pedestrian panic, immediately reduce speed, cover the brake pedal, maintain generous lateral clearance, and be prepared to stop
2. Speed up and sound the horn continuously to beat the pedestrian to the stop
3. Swerve into oncoming traffic lanes to bypass the running pedestrians
4. Flash high beams and accelerate