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   Daily Brew // Morning Brew // Update
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    <td>
     Eli Lilly made it into the $1t club...
    </td>
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            <td class="column-left">
             November 22, 2025
            </td>
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             <a class="header-link" rel="noopener" style="color:#000;text-decoration:none" target="_blank">
              View Online
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             |
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              Sign Up
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              Shop
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              <img alt="Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F65e2f7af234829dba0f11606a9a1430efab65892-1350x330.png%253Fw%253D900%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM1MzkxNX0:1vMlEJ:5XCBHDCCnq7lMJv5o0TeeZO7LbY6neGR78f1KLTkDpQ" style="max-width:revert;border-radius:8px;width:100%;margin:0 auto;display:block" width="670"/>
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              Presented By
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              <img alt="Vanguard Digital Advisor" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F3474aa8245965c9a91ac7017c24197f0b4e38737-1200x259.png%253Fw%253D504%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM1NjA5MX0:1vMlEJ:bDUX8smp27nF6Uyn3o-3soQfubeVE7jaN--hLwBArLc" style="vertical-align:middle;width:100%;max-width:252px;display:inline" width="252"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Here’s a clue: Eleven-letter morning greeting.
              </strong>
              As you prepare to go beast mode in the kitchen to get ready for Thanksgiving, Jack has already cooked up something special for you: a fresh Crossword Contest.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Once you finish reading the news, check out the Puzzle Section at the bottom of the newsletter for our latest Crossword Contest, which earned rave reviews the last time we had one.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Three people who submit the correct answer will receive a
              <em>
               free copy
              </em>
              of the Brew’s Holiday Games Bundle—which includes
              <em>
               Morning Brew’s Book of Crosswords, Volume 2
              </em>
              , and The Brew’s 2026 Daily Games Calendar. We know you’re up to the challenge, but you can also buy the bundle
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               here
              </a>
              without doing any work. Happy puzzling, and have a great weekend!
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              —
              <em>
               Matty Merritt, Dave Lozo
              </em>
              ,
              <em>
               Sam Klebanov, Molly Liebergall, Abby Rubenstein
              </em>
             </p>
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      <!-- MARKETS -->
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              <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
               MARKETS
              </h3>
             </td>
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           <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
            <tr>
             <td class="pad5m">
             </td>
            </tr>
            <!-- Nasdaq -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM1Nzk2NX0:1vMlEJ:KL5dFVtuXckGxhEKYYkHgKDpE9vNklbaf8oUr312uP0" style="width:22%" width="20"/>
                </td>
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                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  22,273.08
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.88%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2MDIxMX0:1vMlEJ:c3JJA66zqNIENky7YnH_sr829Zm5EMy5OjaO8g9sJ6I" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  6,602.99
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.98%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2MjYwN30:1vMlEJ:I5esfTcd13Y-fQE1sQRcKTKDm6iFCAwb38oyXUUihpg" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Dow
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  46,245.41
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +1.08%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2NDF9:1vMlEJ:A-k28CkuDrrX6Cy8ivt_Uw5iqampl7PSC-z_8VweKZo" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  10-Year
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  4.063%
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -4.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2NTIyfQ:1vMlEJ:oD3R0hgKiGPQ3QkDG49Zj9YkmAmRyT3elqfMl8ZNgBA" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $85,172.56
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -2.86%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Gap -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2NjE5Nn0:1vMlEJ:dfSzDJeZsiD4J-rarcfQHXZqX84-_2-0ONfY0-tM00Q" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Gap
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $24.96
                 </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="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +8.24%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Gap -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM2Nzc2fQ:1vMlEJ:nVragKssecWRu8wG0lsP5o3xlDUZKr2z0OChTrOotbI" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 5:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Stocks have been taking bigger swings lately than your buddy who’s planning to approach the former head cheerleader when he’s back in your hometown. But even as Nvidia’s blowout earnings weren’t enough to quiet AI bubble fears for long, and as investors aren’t sure whether the Fed will cut interest rates next month, stocks ultimately
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  eked out a win
                 </a>
                </span>
                <span>
                 yesterday. Bitcoin kept sliding amid the chaos, and all three major stock indexes posted weekly losses.
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Gap soared after reporting that same-store sales were up 5% last quarter, thanks to its viral ad featuring Katseye.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
             </td>
            </tr>
           </table>
          </th>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
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      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            HEALTHCARE
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Eli Lilly is worth a trillion whole dollars
                </a>
               </h1>
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               <img alt="Injection Pens for medication. Tirzepatide is an anti diabetic medication used for the treatment of type 2 diabetes and for weight loss." src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-21%252Fimage-68535a8e097d2ee14b3de51f0daeb37c11f560fb-6720x4480-jpg%252FGettyImages-2244403686.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjM4MDg3NTUuMTM2OTIyNn0:1vMlEJ:TCZrFbv5t0vLMs2IRjJeTCtpvEgdhthDhbnm_H3I3rw" style="width:100%;max-width:670px;display:block" width="670"/>
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                  Douglas Sacha/Getty Images
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Roll out the oversized sheet cake and throw on some Pitbull, because Eli Lilly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  hit
                 </a>
                 a $1 trillion market cap yesterday. The drugmaker’s shares surged over 1.6% Friday, pushing it to become the first healthcare company and second non-tech company to hit the milestone.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  It’s all thanks to the GLP-1s.
                 </strong>
                 Obesity and diabetes drugs, including blockbusters Zepbound and Mounjaro, now account for over half of Eli Lilly’s total revenue, bringing in $10.09 billion of its total $17.6 billion last quarter. The company’s stock has rocketed up more than 75% since it introduced its obesity drug Zepbound in 2023, according to Reuters. The stock has jumped up 36% this year alone.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 And the company is well positioned to take on its rivals, including Danish drugmaker Novo Nordisk, which sells the GLP-1s Wegovy and Ozempic.
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   When Novo Nordisk first gained approval to sell Ozempic for weight loss, the drugmaker struggled with supply shortages, allowing Eli Lilly to swoop in and establish its stronghold on the $72 billion weight loss drug market. Other pharma companies are playing catch-up and desperately trying to
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    acquire
                   </a>
                  </span>
                  <span>
                   smaller drugmakers to get a leg up in the market.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Eli Lilly was set up to take the top spot after a massive
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    overhaul
                   </a>
                  </span>
                  <span>
                   of its research and development process in the last decade, following a number of expensive rollouts that flopped.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The company’s market value is more than twice that of its closest US competitor, Johnson &amp; Johnson, which currently has a ~$490 billion market cap.
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Returns you can’t even comprehend
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The pharmaceutical industry’s white whale right now is a GLP-1 in pill form. Analysts think Eli Lilly has a better version in the works. It’s called orforglipron, and it doesn’t require patients to fast when taking it, like Novo’s oral GLP-1 does.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 Eli Lilly plans to file for FDA approval of its pill by the end of the year and put it on the market by mid-2026. Wall Street expects it could bring in
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $40 billion
                 </a>
                 a year at its peak.
                 <em>
                  —MM
                 </em>
                </p>
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            Presented By Vanguard Digital Advisor
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            WORLD
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              <img alt="Ukrainian President Volodymyr Zelensky " src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-21%252Fimage-b45d5aac0ae185afe99b245f2d7eb73f509af602-1024x694-jpg%252FGettyImages-2199789864.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjM4MDg3NTUuMTM3NDk4fQ:1vMlEJ:XqAaNxMYE65zqUe3QEvnWm5g0cPWjepnacouWAycyrY" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM3Nn0:1vMlEJ:D34lmyy2eWhTFWFbXncbPhcBSLxqotOheoGi5azidV8" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Zelensky says Ukraine faces “a difficult choice” over Trump’s peace plan.
                 </strong>
                 President Trump said he expects a response from Ukraine by Thursday on the plan, which US officials hashed out with Russia. A
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  draft
                 </a>
                 that leaked to the press showed it’d require Ukraine to make significant concessions, including giving up territory and limiting the size of its army, in exchange for peace and security guarantees from the US. President Zelensky said the choice of whether to accept the plan means Ukraine would face “losing its dignity or the risk of losing a key partner.” Still, he vowed to work with the US, and said he’d spoken to Vice President JD Vance about the proposal.
                 <em>
                  —SK
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fstatue-of-liberty_1f5fd.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM3Njk2fQ:1vMlEJ:bMp-nl20-Fz89556xMoQA7LLgQIX0we8nCy6RvI5Fko" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Mayor-elect
                 </strong>
                 <strong style="color:#000">
                  Zohran Mamdani and President Trump had a “productive” meeting.
                 </strong>
                 The two New Yorkers met yesterday at the White House to chat about affordability, crime, and immigration in the city. The
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  amicable rendezvous
                 </a>
                 represented a vibe shift after months of mutual gloves-off criticism, with Trump saying yesterday that the self-described democratic socialist will hopefully be “a really great mayor” and that they agree on “a lot more than I would have thought.” Mamdani said that he looks forward to working with the president to make New York more affordable.
                 <em>
                  —SK
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-united-states_1f1fa-1f1f8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM3Nzk5M30:1vMlEJ:74dTdHTa4q6ubLtUj0CLMgr5hDEnYQuw0v9dBpwBoeI" style="max-width:18px" width="18"/>
                  Rep. Marjorie Taylor Greene to resign.
                 </strong>
                 The Georgia congresswoman—who was once one of President Trump’s staunchest allies but recently fell out with him over the economy, foreign policy, and the Jeffrey Epstein case—plans to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  step down
                 </a>
                 on Jan. 5, 2026. In a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  statement
                 </a>
                 posted to X, Greene railed against the “Political Industrial Complex” and said, “I have too much self respect and dignity, love my family too much, and do not want my sweet district to have to endure a hurtful and hateful primary against me by the President we all fought for, only to fight and win my election while Republicans will likely lose the midterms.” She also suggested that Democrats would try to impeach Trump after regaining control of the House.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
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            CANNABIS
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                 Pre-Thanksgiving strolls are firing up weed sales
                </a>
               </h1>
              </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The tradition of sneaking off to blaze up with cousins before Thanksgiving dinner is losing its stigma and translating into
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  big money
                 </a>
                 for the marijuana industry.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 With recreational weed now legal in 24 states and medical use allowed in 40, there’s less reason to hide that edible before the turkey comes out of the oven. And many appear to be partaking:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The day before you sit down with family and have uncomfortable conversations about politics and relationships has been dubbed Green Wednesday.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   It’s the second-biggest day for legal weed sales behind April 20, aka 420 (not a cop), per cannabis-market tracker BDSA. The firm says that overall, the cannabis industry was worth more than $30 billion in the US last year.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  More weed, less booze:
                 </strong>
                 Per Bloomberg, the total value of the world’s leading beer, wine, and spirits makers has dropped $830 million over the past four-plus years as attitudes change around weed and the adverse health effects of alcohol.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Walking the walk:
                 </strong>
                 Snack companies are also becoming more comfortable marketing to stoners. Last year,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Jif posted an ad to Instagram
                 </a>
                 invoking the cousin walk, while a Taco Bell/Hidden Valley collab also
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  referenced a similar stroll
                 </a>
                 before Christmas dinner. Meanwhile, a New York dispensary has an ad out now for pre-rolled joints for “a secret society that meets once a year.”
                 <em>
                  —DL
                 </em>
                </p>
               </td>
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            Together With Arena Club
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               Rip, score, collect.
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              Rip digital + score real graded cards on
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
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              . Experience the thrill of the hobby right on your phone or desktop. Chase grails from your favorite teams. Build your collection instantly.
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            ICYMI
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                 Have you heard...
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                 <em>
                  Here’s everything that didn’t make it into this week’s newsletters but we immediately sent to the group chat.
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM4NDMzN30:1vMlEJ:PFS3RCvJrSa5DuIZKC9nKnnOVMhx66Ci3bQpPClWGkU" style="max-width:18px" width="18"/>
                 After many nominations and no wins, Tom Cruise
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  received
                 </a>
                 an honorary Academy Award for lifetime achievement, in part because of his contributions “to the stunts community,” the Academy’s president said. The recognition for running brings him in league with millions of marathoners.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM4NTIyNn0:1vMlEJ:flGGD-WJHXRJf29TecW5H0mGHcVfce8KRzsYR2Tu7IY" style="max-width:18px" width="18"/>
                 Rainbow Wool, a German nonprofit that spins knit clothing from the fleeces of rescued gay rams, recently
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  partnered
                 </a>
                 with Grindr to put on a fashion show titled “I Wool Survive.” We wonder what Hilary Duff has to say about this.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM4NjA2fQ:1vMlEJ:-ufEbEilZb1Pi0UL5ElNWBoFLFeDF36bB4W5nw-673w" style="max-width:18px" width="18"/>
                 The snouts of city-dwelling raccoons have gotten slightly shorter since 2000, suggesting that the so-called “trash pandas” are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  developing
                 </a>
                 more pet-like features in response to living around humans. If you gave us enough free food, we’d probably try to look cute for you, too.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM4Njg5fQ:1vMlEJ:Mr2VhhjEq9RdxziQq10ftTbfx6Jp_D9rsORnIIUOvGQ" style="max-width:18px" width="18"/>
                 Hedge fund manager Bill Ackman is getting
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  dunked on
                 </a>
                 on social media again—this time for sharing his dating advice. “I would ask: ‘May I meet you?’ before engaging further in conversation,” Ackman posted on X. Unfortunately, he didn’t specify which way to tip your fedora.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM4NzgzN30:1vMlEJ:6vBqXiH2zJ4RjonB1WxXUPHKzbksQQ-lYBXEQEzxWzY" style="max-width:18px" width="18"/>
                 To reduce the gender disparity in car crash injuries, the US government is moving to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  require
                 </a>
                 car companies to include crash test dummies modeled after the average female body in vehicle safety tests. We’re sure the government will fix every other issue facing women next.
                 <em>
                  —ML
                 </em>
                </p>
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            NEWS
           </h3>
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                 What else is brewing
                </a>
               </h1>
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               <td class="content-container" style="padding:15px">
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The G20 Summit
                   </a>
                  </span>
                  <span>
                   begins today in South Africa, but the US won’t attend, as President Trump accuses the host nation’s government of persecuting its white minority. The world leaders in attendance will discuss debt relief for developing countries and efforts to fight climate change.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Paramount, Comcast, and Netflix
                   </a>
                  </span>
                  <span>
                   submitted their official bids for Warner Bros. Discovery (or in some cases, parts of it) this week.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The Bureau of Labor Statistics
                   </a>
                  </span>
                  <span>
                   won’t release the consumer price index for October because of the government shutdown, leaving the Fed without this key inflation data when it makes its interest rate decision in December. But
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    the New York Fed president
                   </a>
                  </span>
                  <span>
                   hinted that a rate cut is coming.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    A police officer
                   </a>
                  </span>
                  <span>
                   who fatally shot Ta’Kiya Young, a pregnant Black woman who had been accused of shoplifting, was acquitted of her murder.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The Coast Guard
                   </a>
                  </span>
                  <span>
                   decided to continue to classify nooses and swastikas as hate symbols, after the Washington Post reported on a planned change to deem them “potentially divisive” instead.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Miss Mexico
                   </a>
                  </span>
                  <span>
                   , otherwise known as Fátima Bosch, won the Miss Universe pageant, following a scandal-filled run that included contestants walking out after a Thai pageant official berated her.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
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           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Together With Medik8
           </h3>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
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<img class="sponsored-header-image" alt="Medik8" style="display: block; width: 100%; max-width: 670px;" width="670" height="503" src="https://storage.morningbrew.com/gif/2025-11-18/image-2ffaff69c7ba1c1c276ddd6a8a565f07411beac8-1000x750-gif/Medik8.gif">
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               A bestselling Black Friday.
              </strong>
              Get 30% off Medik8’s cult favorite skincare. Discover
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               C-Tetra™ Advanced Gel-Serum
              </a>
              with 20% Vitamin C + Phyto Exosomes for age-defying brightness.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Liquid Peptides
              </a>
              ™ serum is formulated with 10 powerful peptides to visibly smooth fine lines* and
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Crystal Retinal
              </a>
              is clinically proven to visibly smooth wrinkles.**
             </p>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            COMMUNITY
           </h3>
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               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Crowd work
                </a>
               </h1>
              </div>
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               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Last week, we asked: “What’s the last piece of media (book, movie, song, etc.) that impacted you deeply?” Here are some of our favorite responses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “
                  </span>
                  <span>
                   <em>
                    Orb: On the Movements of the Earth
                   </em>
                  </span>
                  <span>
                   on Netflix. This historical fiction wants its viewers to be more open, more understanding, and more sympathetic to the things we don’t understand. I find its message to be something we all should strive for in this deeply polarized world.”
                  </span>
                  <span>
                   <em>
                    —Danny from Los Angeles
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “I’d have to say
                  </span>
                  <span>
                   <em>
                    The Goldfinch
                   </em>
                  </span>
                  <span>
                   by Donna Tartt, because apparently I needed a novel to remind me that a tiny painting can ruin your life, heal your life, and explain your life, all in one go.”
                  </span>
                  <span>
                   <em>
                    —Nancy from Florida
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “J.S. Bach’s ‘Invention No. 13 in A Minor’ (piano) has been looping in my head during these intermittent, sleepless nights. It’s a chaotic little masterpiece—almost a perfect analogy for today’s markets and the AI arms race. The right hand feels like the institutional investors: steady and structured. Meanwhile, the left hand darts around like disruptive retail traders, rewriting—and ultimately overtaking—the rhythm.”
                  </span>
                  <span>
                   <em>
                    —Heather from NoVA
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “The movie
                  </span>
                  <span>
                   <em>
                    Past Lives
                   </em>
                  </span>
                  <span>
                   made me deeply mourn all the storylines we don’t live.”
                  </span>
                  <span>
                   <em>
                    —Trisha from New York
                   </em>
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 <strong style="color:#000">
                  This week’s question
                 </strong>
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 What’s a beloved article of clothing in your wardrobe that you hope you’ll never have to throw away?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Sam’s answer to get the juices flowing:
                 </strong>
                 “I have an elegant grey sweater made by the German brand Engbers that I thrifted in Amsterdam last year. I wear it practically every day in the winter, and once holes inevitably start appearing, I plan to repurpose it into a hand towel.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Submit your answer here
                 </a>
                 .
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            RECS
           </h3>
          </div>
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           <tr>
            <td class="story-content">
             <div class="header-image-container" style="padding-top:15px">
              <img alt="Recs" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330-png%252FMB_todo_banner.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjM4MDg3NTUuMTM4OTg0Mn0:1vMlEJ:7wTQjTSGi-ws_ilqSbPSjhr42sqtThF0CeInwqvdfWM" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
             </div>
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                <div>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM5MDg0M30:1vMlEJ:vXYg2pXBKOCkJQ7DKIFbSxd8iao-ZDiyO9yXT5IXTv8" style="max-width:18px" width="18"/>
                   Big savings, better skin:
                  </strong>
                  This Black Friday, get 30% off
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   these bestselling skincare products
                  </a>
                  made with age-defying benefits.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Shop here
                  </a>
                  .*
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM5MTY5Mn0:1vMlEJ:gQlaF007NCUMxt1gyiKWO3fcPf0CFUiL7o8euXHJXnc" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Learn:
                  </strong>
                  Why diners across the US use
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   the same mugs
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM5MjczNH0:1vMlEJ:l6mQlVoKnJwL68EUoY0XOt7viLsCGPPfx17AvfyGZEY" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Plan:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Advice from famous chefs
                  </a>
                  on hosting Thanksgiving.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM5MzU3OH0:1vMlEJ:dgrv8Hf66_bBv_6_HfBcVTU5C1hs6IeUe1Em6ASUMw4" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Think about it:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Watch a classicist describe
                  </a>
                  what Hollywood gets wrong about the Roman Empire.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjM4MDg3NTUuMTM5NDU3N30:1vMlEJ:JJBwKZ9Sdoe8WxcM1rihaZaKSTG851HEuv2BxNOrUzI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Safe travels:
                  </strong>
                  We mean that literally.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Watch out for travel scams
                  </a>
                  by double-checking the listing before you book.*
                 </p>
                 <placementslot data-id="e4b38608715d">
                 </placementslot>
                 <placementslot data-id="3577cb571f5c">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       </table>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            PLAY
           </h3>
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjM4MDg3NTUuMTM5NTU3OH0:1vMlEJ:z-a-6l_T0ZBP_AXmrCpAltRZgdijOLkQuzOmYuoI-JE" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Crossword Contest:
                 </strong>
                 Without further ado,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here is the Crossword Contest
                 </a>
                 , conceived by the diabolical mind of Jack Murtagh. Pay attention to the instructions that will pop up before you start—they’ll tell you everything you need to know about how to play. Good luck!
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Open House
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Welcome to Open House, the only newsletter section thinking about installing a giant bucket that dumps water on unsuspecting visitors every hour, on the hour.
                </p>
                <img alt="Home for sale in Custer, South Dakota with in ground outdoor pool." class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fstorage.morningbrew.com%252Fgif%252F2025-11-21%252Fimage-581c207cb9f6af989e22a081e2bfa78da9299b49-1200x674-gif%252Fsoutdakota.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzdG9yYWdlLm1vciIsInRpbWUiOjE3NjM4MDg3NTUuMTM5NjY0fQ:1vMlEJ:QchCyXeO-n0qHN90gqUkNbFapo8AGiWVQn90_bcFKFY" style="display:block;width:100%!important" width="670"/>
                <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                 <small>
                  <em>
                   Zillow
                  </em>
                 </small>
                </span>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s home is in Custer, South Dakota, among the Black Hills. There’s no way to confirm that this 7,812-square-foot house takes inspiration from the Great Wolf Lodge (except by looking at it). Amenities include:
                </p>
                <ul style="margin-top:0;padding-left:30px">
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                  <span>
                   4 beds, 5 baths
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   127 acres of land
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Lighting fixtures almost exclusively made from antlers
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 How much for the cabin up north (but not all the way north)?
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            SHARE THE BREW
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                 We’re saying we’ll give you free stuff and more friends if you share a link. One link.
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            ANSWER
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                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $3.75 million
                 </a>
                </p>
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                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: amicable, meaning “characterized by friendly goodwill.” Thanks to Lucy from Maryland for being a pal and providing the suggestion. Submit another Word of the Day
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               ✢ A Note From Vanguard Digital Advisor
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              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Vanguard Digital Advisor’s services are provided solely by Vanguard Advisers, Inc. (“VAI”), a registered investment advisor. VAI is a subsidiary of The Vanguard Group, Inc. (“VGI”), and an affiliate of Vanguard Marketing Corporation (“VMC”). Neither VGI, VAI, nor its affiliates guarantee profits or protection from losses. Please review VAI’s
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
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               ✳︎ A Note From Medik8
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              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               *Proven via independent consumer study on Liquid Peptides on 60 participants over 8 weeks.
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              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               **Proven via independent clinical study on Crystal Retinal 6. Tested on 33 participants over 12 weeks.
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             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
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               ✤ A Note From Chase
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               For informational/educational purposes only: Views and strategies described in this article or provided via links may not be appropriate for everyone and are not intended as specific advice/recommendation for any business. Information has been obtained from sources believed to be reliable, but JPMorgan Chase &amp; Co. or its affiliates and/or subsidiaries do not warrant its completeness or accuracy. The material is not intended to provide legal, tax, or financial advice or to indicate the availability or suitability of any JPMorgan Chase Bank, N.A. product or service. You should carefully consider your needs and objectives before making any decisions and consult the appropriate professional(s). Outlooks and past performance are not guarantees of future results. JPMorgan Chase &amp; Co. and its affiliates are not responsible for, and do not provide or endorse third party products, services, or other content.
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               Deposit and credit card products provided by JPMorgan Chase Bank, N.A. Member FDIC.
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               © 2025 JPMorgan Chase &amp; Co.
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         22 W 19th St, 4th Floor, New York, NY 10011
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