This is as good a summary as any of the “mammalian diving reflex”
Anecdote: My niece was born with a heart defect (surgically repaired when she was 7 years old) that meant that her heart went into fibrillation every so often. And the resuscitation technique that her parents were taught involved abruptly plunging her tiny face into a bowl full of cold water, preferably ice water with actual ice cubes in it. Evidently this would cause her MDR to kick in, and cause the symptomatic bradycardia, which in the baby’s case was a Good Thing. We once babysat the wee one while brother and SIL went to the movies, and my brother coached us in how to do this, which is why I remember it.
Factoid left over from Lamaze classes: The reason they used to spank babies was because they were using chloroform or ether on the mother during labor and delivery, and babies often emerged drugged and groggy. A stinging slap startled the baby into an involuntary squawk, which served to oxygenate.