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   Daily Brew // Morning Brew // Update
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     Why orcas are increasingly attacking boats...
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             May 22, 2023
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              TOGETHER WITH
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                Good morning and Happy Bitcoin Pizza Day,
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               one of my favorite holidays on the business calendar. It marks the fateful day—May 22, 2010—when a programmer named Laszlo Hanyecz spent 10,000 bitcoin to buy two pizzas made by Papa John’s.
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              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Hanyecz has said he doesn’t regret the purchase since it made him an important figure in early bitcoin history. But…c’mon, man. If he had held his 10,000 bitcoin and sold at the peak price, he’d have enough money (about $690 million) to buy 46 million Papa John’s pizzas. And even if he waited to sell his bitcoins at the current price, he could get ~$269 million for them.
              </p>
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               Anyway, if you needed an excuse to eat pizza today (or hold onto a pipe dream), here ya go.
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               —
               <em>
                Neal Freyman
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               THIS TO REMAIN A SUBSCRIBER
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               MARKETS: YEAR-TO-DATE
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            <!-- Nasdaq -->
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aeef46b.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
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                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  12,657.90
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     +21.86%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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                <td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; line-height: 1em;" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aeef46b.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
                </td>
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                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  4,191.98
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     +9.62%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
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                <td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; line-height: 1em;" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aeef46b.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  Dow
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  33,426.63
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     +0.88%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
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                <td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; line-height: 1em;" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aedba0d.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
                </td>
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                  10-Year
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  3.683%
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #FFB3B3; background-color: rgba(255, 3, 3, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     -19.7 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <tr>
             <td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; line-height: 1em;" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aeef46b.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  $26,774.06
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     +61.80%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Nvidia -->
            <tr>
             <td class="pads10 pads6m lastline" style="border-bottom:1px solid #e6e6e6;padding-bottom:0;text-align: center; border-top: 1px solid #e6e6e6; mso-padding-alt: 0 20px 0 20px;">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="width:12%;text-align: center; line-height: 1em;" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k5%252F4%252Fm%252F6081a6aeef46b.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px; white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  Nvidia
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: left;">
                  $312.64
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top: 8px; padding-bottom: 8px;" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="width:70%;border-collapse:collapse; margin: 0 auto;">
                  <tr>
                   <td style="padding-left: 8px; padding-right: 8px; padding-top: 10px; padding-bottom: 10px; border-radius: 8px; background-color: #BEF2BA; background-color: rgba(40, 211, 26, 0.3);" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="line-height:22px;margin-top:0;margin-bottom:15px;padding:0;margin:0;font-size:16px;white-space: nowrap; font-weight: bold; vertical-align: middle; line-height: 1em; text-align: center;">
                     +118.44%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nvidia -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding: 3px 15px 10px 15px">
              <p style="line-height:22px;margin-top:0;margin-bottom:15px;padding: 0; margin: 0; text-align: left; font-size: 13px;">
               *Stock data as of market close, cryptocurrency data as of 12:00am ET.
               <a class="link-sm" rel="noopener" style="border-bottom:1px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="padding: 0px 15px; mso-padding-alt: 0px 15px 15px 15px;">
              <ul style="margin-top:0;padding-left:30px">
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Last week, investors shrugged off debt ceiling worries to send the S&amp;P and the Nasdaq to their
                </span>
                <span>
                 <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                  best weekly performance
                 </a>
                </span>
                <span>
                 since March. Tech stocks have posted impressive gains this year thanks to the
                </span>
                <span>
                 <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                  hype
                 </a>
                </span>
                <span>
                 around artificial intelligence: Four giants that have made a big deal about investing in AI—Meta, Alphabet, Microsoft, and Nvidia—have surged in 2023 and now account for ~15% of the S&amp;P 500’s market capitalization, according to Barron’s.
                </span>
               </li>
              </ul>
              <div style="display:none;">
              </div>
             </td>
            </tr>
            <tr>
             <td style="padding: 0px 20px; mso-padding-alt: 0px 20px 15px 20px;">
             </td>
            </tr>
           </table>
          </th>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- ARTICLE --->
      <!--[if !mso ]><! -- -->
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       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              ECONOMY
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                It’s crunch time for the debt ceiling
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <a style="text-decoration:none;border:none;" target="_blank">
           <img alt="U.S. President Joe Biden and Speaker of the House Kevin McCarthy (R-CA) talk as they depart the U.S. Capitol " class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ffd17c2fe20f34af544dbb7852c2246303816db4c-1024x683.jpg%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          </a>
          <span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
           <small>
            <em>
             Drew Angerer/Getty Images
            </em>
           </small>
          </span>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               It’s understandable if you haven’t been following negotiations around the debt ceiling—it is “negotiations around the debt ceiling,” after all.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               But it might be time to start paying attention, considering that the clock for the US defaulting on its debts is getting dangerously close to midnight. Treasury Secretary Janet Yellen
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                reiterated
               </a>
               yesterday that the US likely wouldn’t be able to pay all of its bills beginning next Thursday, June 1, if Congress doesn’t raise the debt ceiling from its current $31.4 trillion level by then.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                What would happen?
               </strong>
               No one is quite sure…since this has never happened before. But finance experts
               <em>
                are
               </em>
               sure it will be extremely damaging, with the potential consequences
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                ranging
               </a>
               from “guaranteed recession” to “global financial market meltdown.” The size of the blast radius depends on how long a default would last, the NYT reported.
              </p>
              <h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
               How are negotiations going?
              </h2>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Not great, Bob. Despite the appearance of some progress last week, the White House and Republicans remain
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                far apart
               </a>
               on an agreement to raise the debt limit (though House Speaker Kevin McCarthy said he and President Biden will meet again today).
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                The main sticking point:
               </strong>
               government spending.
              </p>
              <ul style="margin-top:0;padding-left:30px">
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Republicans want a debt ceiling increase paired with a decrease in nondefense federal spending, including cuts to social services.
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Democrats have accused Republicans of cynically pushing the US to the financial brink to force through their cost-cutting agenda. Yesterday, Biden said the GOP’s proposal would put “food assistance at risk for nearly 1 million Americans,” calling it “extreme” and “unacceptable.”
                </span>
               </li>
              </ul>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               The White House offered to freeze domestic and defense spending next year as a concession to Republicans, but they
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                rejected that offer
               </a>
               , according to the Washington Post. The GOP wants more than a freeze—it wants a reduction in nonmilitary spending.
              </p>
              <h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
               The view from Wall Street
              </h2>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               JPMorgan CEO Jamie Dimon said last week the US “probably” won’t default, but he’s assembled a “war room” of leaders who will begin to meet daily to plan contingencies just in case.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Investors seem to agree with Dimon that the bickering politicians will probably work out a solution before the deadline. The implied probability of a default in the credit default swaps market was 3.6% on Friday, compared to a peak of 6.9% during the debt ceiling standoff in 2011.
              </p>
             </div>
             <!-- SOCIAL LINKS -->
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                </a>
                <span>
                </span>
                <a class="" rel="noopener" style="text-decoration: none;" target="_blank">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k4%252F4%252F2%252F5e86574d1eb82.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="display: inline-block; width: 25px" width="25"/>
                </a>
                <span>
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                <a class="" rel="noopener" style="text-decoration: none;" target="_blank">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252F5z8%252F1k4%252F4%252F2%252F5e86576e04837.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="display: inline-block; width: 25px" width="25"/>
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             <!-- END SOCIAL LINKS --->
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       <!--[if !mso]><! -- -->
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      <!-- ARTICLE --->
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              TOGETHER WITH MASTERWORKS
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                <strong>
                 Kicking the S&amp;P 500’s butt with 27.3% returns
                </strong>
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <a style="text-decoration:none;border:none;" target="_blank">
           <!--[if mso]>
<img alt="Masterworks" style="display: block; width: 100%; max-width: 670px;" width="670" height=503 src="https://storage.morningbrew.com/gif/2023-05-18/image-5f54825df32968781b4dc34ba9ef045fdb46a8ab-1000x750-gif/S&P-butt_4.gif">
<![endif]-->
           <!--[if !mso]>-->
           <!-- -->
           <img alt="Masterworks" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2023-05-18%252Fimage-5f54825df32968781b4dc34ba9ef045fdb46a8ab-1000x750-gif%252FS%2526P-butt_4.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciJ9:1q12I5:xeW6KreKJzofE0kDrKX46zmJI8QCPjytI2dbsjxTaZo" style="display: block; width: 100%; max-width: 670px;" width="670"/>
           <!--<![endif]-->
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             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               In just 604 days, a $10,000 investment in this opportunity would have secured an eye-popping $4,900 profit. That’s a 27.3% annualized net return—better than 470 of the world’s 500 largest stocks over the same time period.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               What was it? A fractionalized painting from
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Masterworks
               </a>
               , the blue-chip art investing platform. (It’s no wonder so many Morning Brew readers have already invested.)
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               While not every painting will see those gains, every single one of Masterworks’ 13 sales has returned a profit to investors, totaling more than $30m in payouts.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Good thing new offerings launch every week. And now, Morning Brew readers can
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                skip the waitlist with this exclusive link
               </a>
               .
              </p>
             </div>
            </td>
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       <!--[if !mso]><! -- -->
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      <!-- ARTICLE --->
      <!--[if !mso ]><! -- -->
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              WORLD
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                Tour de headlines
               </font>
              </a>
             </h1>
            </td>
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          </table>
          <img alt="Ukrainian President Volodymyr Zelensky (5th from right) joins G7 world leaders on the final day of the G7 Summit on May 21, 2023 in Hiroshima, Japan." class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6d2d7860bb043a3999e8fd65ce8d953ce1dbc2c4-1024x683.jpg%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          <span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
           <small>
            <em>
             Stefan Rousseau-WPA Pool/Getty Images
            </em>
           </small>
          </span>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-ukraine_1f1fa-1f1e6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Zelensky steals the show at the G-7.
               </strong>
               Ukrainian President Volodymyr Zelensky made a surprise visit to the G-7 summit in Japan to bolster support from the leaders of the world’s largest democracies. While at the event, Zelensky
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                denied claims
               </a>
               made by a Russian mercenary group that they had captured Bakhmut, a city of symbolic value to Russia, given the immense resources it’s poured there. However, Ukraine’s top commander in the region said that his forces have effectively
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                lost control
               </a>
               of the devastated city.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fenvelope_2709.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Jeffrey Epstein reportedly blackmailed Bill Gates over affair.
               </strong>
               The late financier found out about an affair Gates had with a Russian bridge player and seemingly
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                threatened
               </a>
               to reveal that information unless Gates maintained his association with Epstein, according to the Wall Street Journal. Gates’s relationship with the convicted sex offender has come under scrutiny: The Microsoft co-founder acknowledged that he met with Epstein several times to chat about philanthropic projects, which he’s called a mistake.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-in-hole_26f3.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                I cried while watching golf.
               </strong>
               And it wasn’t because Brooks Koepka
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                won his third PGA Championship
               </a>
               , though that was indeed impressive. Things got emotional because of the inspiring performance of Michael Block, a club pro who teaches at a public course in California. A massive underdog, Block went up against the world’s best and finished tied for 15th place, all while winning over fans with his
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                down-to-earth personality
               </a>
               . Block
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                dunking a hole-in-one
               </a>
               yesterday will go down as one of the most epic moments in the sport’s history. His $150 hourly rate is about to go way up...
              </p>
             </div>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              ENVIRONMENT
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                Orcas are working together to sink boats
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <a style="text-decoration:none;border:none;" target="_blank">
           <img alt="A pod of Killer whales or orcas (Orcinus orca) is swimming in Chatham Strait, Alaska, USA. " class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F020a386326965c4a32dd776218da579eed71010a-1024x683.jpg%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          </a>
          <span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
           <small>
            <em>
             Wolfgang Kaehler/LightRocket via Getty Images
            </em>
           </small>
          </span>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Earlier this month, a group of three orcas began to ram a yacht off the coast of Spain, eventually piercing its rudder and causing it to sink.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               It was not an isolated incident. This was the
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                third boat sunk
               </a>
               by orcas on Europe’s Iberian coast since 2020, and appears to be a part of a growing, coordinated effort by the killer whales to attack ships in the area, according to Live Science.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Why?
               </strong>
               In a surprising discovery, scientists think the behavior started with one orca and spread across the population. It’s believed that a female orca named White Gladis experienced a “critical moment of agony,” such as getting tangled in illegal fishing gear, which turned her against boats. Because orcas are social creatures that imitate each other (relatable), other killer whales in the population started to copy White Gladis and ram into boats, specifically to damage the rudder.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Big picture:
               </strong>
               Since 2020, when the orca attacks started to ramp up, the vast majority of their encounters with boats in the region have been harmless, biologist Alfredo López Fernandez told Live Science. Still, the increasing frequency of ramming attacks threatens the safety of sailors and the subpopulation of orcas off the Iberian coast, which are critically endangered.
              </p>
             </div>
             <!-- SOCIAL LINKS -->
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                </span>
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                </a>
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              TOGETHER WITH AC+ION
             </h3>
            </td>
           </tr>
          </table>
          <a style="text-decoration:none;border:none;" target="_blank">
           <img alt="AC+ION" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff6128d76101442554a22c4524175bf5db3a1ed83-8640x5760.jpg%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          </a>
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           <tr>
            <td style="padding:15px">
             <p style="line-height:22px;margin-top:0;margin-bottom:15px">
              <strong style="color:#000">
               Don’t reschedule…rehydrate.
              </strong>
              Keeping up with life and staying at the top of your game
              <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
               requires proper hydration
              </a>
              —just ask award-winning QB Caleb Williams. Continue your world domination with AC+ION’s 9.5+ pH* water. It’s designed to help you Get Seriously Hydrated while enjoying a refreshingly pure taste.
              <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
               Drink up
              </a>
              .
             </p>
            </td>
           </tr>
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         </th>
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              CALENDAR
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                The week ahead
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <img alt="U.S. President Donald Trump looks on as Florida Governor Ron DeSantis speaks during the Florida Homecoming rally at the BB&amp;T Center" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fc71b1961c6ddc58d5840c029f01984503f847806-1024x718.jpg%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          <span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
           <small>
            <em>
             Joe Raedle/Getty Images
            </em>
           </small>
          </span>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
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             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                DeSantis will enter the race:
               </strong>
               Florida Gov. Ron DeSantis, the Disney archnemesis seen as a formidable challenger to former President Trump in the GOP primary, is expected to announce his candidacy for the White House this week. If you want to role-play being a campaign manager, you can track his travels with the
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                @DeSantisJet
               </a>
               Twitter account.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                It’s just Max now.
               </strong>
               Tomorrow, the streaming service HBO Max will be renamed to just Max to highlight the addition of a bunch of Discovery content (HGTV, Food Network) to the platform. If you’re an HBO Max subscriber already, you don’t have to do anything besides complain.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                MDW:
               </strong>
               Come Friday, Americans will be booking it to the nearest body of water for Memorial Day Weekend—the unofficial start of summer.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Everything else…
               </strong>
              </p>
              <ul style="margin-top:0;padding-left:30px">
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Disney’s live-action adaptation of
                </span>
                <span>
                 <em>
                  The Little Mermaid
                 </em>
                </span>
                <span>
                 will be released on Friday.
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 In the sports world, the NBA and NHL playoffs continue throughout the week, while on Sunday, the Indianapolis 500 will be held and the French Open (sans Nadal) will kick off.
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Turkey’s runoff presidential election takes place on Sunday.
                </span>
               </li>
              </ul>
             </div>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              GRAB BAG
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                Key performance indicators
               </font>
              </a>
             </h1>
            </td>
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          </table>
          <img alt="Jay-Z and Beyonce's new Malibu mansion" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F566f043a4e06564352fee0fa88afa64d8ed54b59-1432x832.png%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          <span class="source" style="display:inline-block;padding-left:10px;margin-top:5px;margin-bottom:0px;line-height:14px">
           <small>
            <em>
             Google Earth
            </em>
           </small>
          </span>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Stat:
               </strong>
               Imagine dropping $200 million on a single house. Okay, you’re Jay-Z and Beyoncé. The power couple bought a mansion in Malibu for $200 million, according to TMZ. That’s the
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                most ever paid for a house in California
               </a>
               and the second-highest price for a home in US history, after Ken Griffin’s purchase of a New York City apartment for $238 million. So, what do you get for $200 million? A 30,000 square-foot mansion overlooking the Pacific Ocean with a minimalist design resembling a supervillain’s hideout.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Quote:
               </strong>
               “Just being able to hear my national anthem, see my flag, I definitely wanted to stand.”
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Phoenix Mercury star Brittney Griner explained to The Atlantic why
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                she stood
               </a>
               for the US national anthem before her team’s WNBA season opener on Friday night. Since 2020, Griner chose not to stand for the anthem to protest racial injustice against Black Americans. But after her experience being locked in a cage in Russia, “The Star-Spangled Banner,” Griner said, “just means a little bit more to me now” and represents the freedom Americans have to speak out.
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Read:
               </strong>
               The quest to see 10,000 bird species. (
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Outside
               </a>
               )
              </p>
             </div>
            </td>
           </tr>
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         </th>
        </tr>
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       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
        <tr>
         <th class="card" style="text-align:left;font-weight:400;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding: 15px;">
             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              NEWS
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                What else is brewing
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding-right:15px;padding-bottom:15px;padding-left:15px;padding-top:0px">
             <ul style="margin-top:0;padding-left:30px">
              <li style="line-height:22px;margin-bottom:10px">
               <span>
                <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                 A SpaceX rocket
                </a>
               </span>
               <span>
                blasted off to the International Space Station in a mission organized by the private space company Axiom Space. It’s carrying the first Saudis to go to space since 1985.
               </span>
              </li>
              <li style="line-height:22px;margin-bottom:10px">
               <span>
                <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                 National Treasure
                </a>
               </span>
               <span>
                won the Preakness Stakes, capping an emotional day for trainer Bob Baffert. In an earlier race, one of Baffert’s horses was euthanized after suffering an injury.
               </span>
              </li>
              <li style="line-height:22px;margin-bottom:10px">
               <span>
                <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                 The US esports industry
                </a>
               </span>
               <span>
                is hurting, with viewership down 32% from 2021 and organizations selling their teams.
               </span>
              </li>
              <li style="line-height:22px;margin-bottom:10px">
               <span>
                <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                 Manchester City
                </a>
               </span>
               <span>
                won the Premier League for the fifth time in the last six years. And two more trophies could be in store this spring for Pep Guardiola’s dominant squad.
               </span>
              </li>
             </ul>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
       <!--[if !mso]><! -- -->
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      <!-- <![endif]-->
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      <!-- ARTICLE --->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
        <tr>
         <th class="card" style="text-align:left;font-weight:400;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding: 15px;">
             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              RECS
             </h3>
            </td>
           </tr>
          </table>
          <img alt="Monday to-do list image" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F9d5648a2d2258fd68bce60989fe26a0a1138ae6b-1500x375.png%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Career advice:
               </strong>
               Why you should
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                give up on your dreams
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                The history of the world…
               </strong>
               where every dot is an event from Wikipedia.
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                It’s very cool
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Mind-blowing TED Talk:
               </strong>
               The
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                disappearing computer
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Why are teens in crisis?
               </strong>
               One psychologist says the
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                evidence points to social media
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Calling retail pros:
               </strong>
               Retail Brew’s free weekday newsletter is the best way to keep up with need-to-know industry news and trends.
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Subscribe today
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
                Cash-back stacks:
               </strong>
               Want more $$$?
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Upside’s free app
               </a>
               gives you cash back on gas, groceries, and at restaurants.
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Use code dailybrew7
               </a>
               for an extra 25¢/gal on your first tank.*
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <sup>
                <em>
                 *This is sponsored advertising content.
                </em>
               </sup>
              </p>
             </div>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
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      <!-- <![endif]-->
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       <!-- <![endif]-->
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        <tr>
         <th class="card" style="text-align:left;font-weight:400;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding: 15px;">
             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              GAMES
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                The puzzle section
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding-right:15px;padding-bottom:15px;padding-left:15px;padding-top:0px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <strong style="color:#000">
                Turntable:
               </strong>
               This is your last Turntable for two weeks (we’re off next Monday), so don’t miss your opportunity to
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                play today
               </a>
               .
              </p>
              <h2 style="font-family:Helvetica, Arial, sans-serif;font-size:19px;font-weight:700;color:#000;margin-top:0;margin-bottom:15px;margin-right:0;margin-left:0">
               Animal group names
              </h2>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               The orca story gives us a launching-off point for trivia on animal group names. We all know that a group of whales is called a pod, but let’s see if you can figure out what these other animals are called in a group.
              </p>
              <ol>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Lions
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Penguins
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Crows
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Porcupines
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Owls
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Lemurs
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 Stingrays
                </span>
               </li>
              </ol>
             </div>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
       <!--[if !mso]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END ARTICLE --->
      <!-- ARTICLE --->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
        <tr>
         <th class="card" style="text-align:left;font-weight:400;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding: 15px;">
             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              AROUND THE BREW
             </h3>
             <h1 style="font-family:Helvetica, Arial, sans-serif;font-size:24px;color:#333;font-weight:700;margin-bottom:0;line-height:26px;margin-top:8px">
              <a style="color:#000000!important;text-decoration:none;border-bottom:none!important;" target="_blank">
               <font color="#000000">
                Risky business
               </font>
              </a>
             </h1>
            </td>
           </tr>
          </table>
          <a style="text-decoration:none;border:none;" target="_blank">
           <img alt="Risky business" class="story-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fac239f8658f9386bfcb801a43d0e0b62c9a60620-1500x1000.png%253Fw%253D670%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiJ9:1q12I5:Dz1A60t-BLHT_zmOoq5eTlxR3IUhrsi5vcnMrDe9nro" style="display: block; width: 100%; max-width: 670px;" width="670"/>
          </a>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding:15px">
             <div>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fopen-book_1f4d6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
               Take a page from Audible’s financial risk playbook and learn which risks to take and how far to take them.
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                Get the details
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fbriefcase_1f4bc.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
               Become the leader who people want to follow with our eight-week Leadership Accelerator. It kicks off May 29—
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                learn more here
               </a>
               .
              </p>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmoney-mouth-face_1f911.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiJ9:1q12I5:uBab4J1KJT5NaHU3SvKdNt96btHgAq2acrED1QPkSTM" style="max-width:18px" width="18"/>
               Make your money work for you. Money Scoop is the
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                free newsletter
               </a>
               that demystifies your personal finance questions.
              </p>
             </div>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
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       <!-- <![endif]-->
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        <tr>
         <th class="card" style="text-align:left;font-weight:400;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#333;display:block;background-color:#fff;border-radius:15px;border:1px solid #e6e6e6;border-collapse:collapse;box-shadow:none;margin-bottom:0px;">
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding: 15px;">
             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              SHARE THE BREW
             </h3>
            </td>
           </tr>
          </table>
          <table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse;" width="100%">
           <tr>
            <td style="padding-right:15px;padding-bottom:15px;padding-left:15px;padding-top:0px">
             <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:15px;line-height:22px;">
              <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333;border-bottom-width:2px;border-bottom-style:solid;border-bottom-color:#1c7ff2;text-decoration:none;color:#252525;" target="_blank">
               Share Morning Brew
              </a>
              with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
             </p>
             <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:15px;line-height:22px;">
              We’re saying we’ll give you free stuff and more friends if you share a link. One link.
             </p>
             <a class="">
              <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:15px;line-height:22px;">
               <img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-5z8%252Feditor_images%252FUpdated_Referral_Card_Option1_v6.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1q12I5:ydgj8PAE-G8NI8HrQofKqvLIlrT6E69qTghdgorbZHo" style="display:block;width:100% !important;max-width: 640px; width: 100%;" width="640"/>
              </p>
             </a>
             <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:15px;line-height:22px;">
              <b>
               Your referral count:
              </b>
              0
             </p>
             <a class="stb-btn" style="margin-top:inherit !important;margin-bottom:inherit !important;margin-right:inherit !important;margin-left:inherit !important;width:100%;max-width:150px;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#ffffff;font-weight:900;text-decoration:none;text-align:center;background-color:#1c7ff2;padding-top:15px;padding-bottom:15px;padding-right:15px;padding-left:15px;border-radius:4px;display:block;">
              Click to Share
             </a>
             <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-top:15px;margin-bottom:15px;line-height:22px;">
              Or copy &amp; paste your referral link to others:
              <br/>
              <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333;border-bottom-width:2px;border-bottom-style:solid;border-bottom-color:#1c7ff2;text-decoration:none;color:#252525;" target="_blank">
               morningbrew.com/daily/r/?kid=979c4554
              </a>
             </p>
            </td>
           </tr>
          </table>
         </th>
        </tr>
       </table>
       <!--[if !mso]><! -- -->
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      <div class="c6" style="margin-bottom:7px">
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             <h3 style="font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0">
              ANSWER
             </h3>
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              <ol>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A pride of lions
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A colony of penguins
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A murder of crows
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A prickle of porcupines
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A parliament of owls
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A conspiracy of lemurs
                </span>
               </li>
               <li style="line-height:22px;margin-bottom:10px">
                <span>
                 A fever of stingrays
                </span>
               </li>
              </ol>
              <p style="line-height:22px;margin-top:0;margin-bottom:15px">
               Check out the full list of animal group names
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                here
               </a>
               .
              </p>
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              <strong style="color:#000">
               ✢ A Note From Masterworks
              </strong>
             </p>
             <p style="line-height:22px;margin-top:0;margin-bottom:15px">
              <em>
               See important disclosures at
               <a class="link" style="border-bottom:2px solid #1c7ff2;text-decoration:none;color:#333" target="_blank">
                masterworks.com/cd
               </a>
               .
              </em>
             </p>
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              <strong style="color:#000">
               ✳︎ A Note From AC+ION
              </strong>
             </p>
             <p style="line-height:22px;margin-top:0;margin-bottom:15px">
              <em>
               *9.5+ pH at the time of bottling.
              </em>
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