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   Daily Brew // Morning Brew // Update
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     China’s AI is catching up to stalled-out US models…
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             June 29, 2026
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              Presented By
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               Buongiorno.
              </strong>
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Over 10,000 Vespas
              </a>
              buzzed around Rome on Saturday to celebrate the iconic scooter’s 80th anniversary. Fun fact: Vespa is Italian for “wasp.” You can see an encore swarm this week here in the States by leaving the watermelon uncovered outside for five seconds.
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              —
              <em>
               Holly Van Leuven, Brendan Cosgrove, Neal Freyman
              </em>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
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               In today’s newsletter,
              </strong>
              we’ll get into:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                International drama brewing over AI models
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Medicare expanding access to weight loss drugs
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
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                The guy who made aging well a laughing matter
               </span>
              </li>
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               MARKETS: YEAR-TO-DATE
              </p>
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            <tr>
             <td class="pad5m">
             </td>
            </tr>
            <!-- Nasdaq -->
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY3ODg1fQ:1we88h:qBrCz5V3VUCAq8wq7Du5CXs89xQMW27iww-cxGd7tOU" 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">
                  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">
                  25,297.62
                 </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">
                     +8.84%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4MDI5Mn0:1we88h:OMCyA8othIMcX12nlrL3sO2zgoBjBmZTM3es9DZWJT8" 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">
                  7,354.02
                 </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">
                     +7.43%
                    </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4MTQ2NX0:1we88h:bnZSUAOmNBMp3FpXPT92S7Xv-RstK0_XyDSXwEBFuxk" 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">
                  51,876.11
                 </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">
                     +7.93%
                    </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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4MjU1N30:1we88h:uWQ-vw4AiWyb6D75x2N-9PjVwFPlqoJQGPH4PVt_8m8" 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">
                  4.372%
                 </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">
                     +20.9 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4MzY0fQ:1we88h:HfigHlA4Oaa7nA0z3-8eAQ98NlpoVcGhJXrn2Vh9CdM" 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">
                  $59,982.14
                 </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">
                     -31.46%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Alphabet -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4NDk3fQ:1we88h:bvg-7tPjv7824t6GZK3CJpeecjhq5H4X4x9260uv3lU" 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">
                  Alphabet
                 </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">
                  $334.69
                 </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">
                     +6.80%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Alphabet -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4NjQ3fQ:1we88h:G4V05vcvrQOcYfI41GT51Foal2ezd1hA5LUMlM6mSrI" 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 11:00pm 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>
                 It may be a holiday-shortened week on Wall Street, but don’t fire up the grill just yet. Jobs data and continued unrest in the Middle East could weigh on investors in the coming days (more on that below).
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Alphabet may have lost some
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  AI talent
                 </a>
                </span>
                <span>
                 recently, but it’s gaining a spot in the Dow Jones Industrial Average today, taking Verizon’s place.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="line-height:22px;margin-top:0;margin-bottom:15px;padding:15px;background-color:#E8E8E8;">
               <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:0px">
                <strong style="color:#000;font-size:16px;color:#1C7FF2">
                 Markets Sponsored by iShares by BlackRock
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                BITA pairs bitcoin exposure with an options strategy to potentially generate monthly income. It aims to capture the majority of bitcoin’s upside and may help reduce volatility relative to spot exposure. It offers a tax-efficient way to
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 get bitcoin exposure and earn income
                </a>
                .
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 View a prospectus
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
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      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
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       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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            WORLD WIDE WEB OF INTRIGUE
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
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               <p class="h1 story-title" style="color:#333;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">
                 Stalled at home, US AI models face global competition
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Anthropic CEO Dario Amodei at a 2026 G7 meeting" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-29%252Fimage-d2c00072cee1c81731715a5e78200dc96ce1d8b5-5381x3588-jpg%252FPresidentTrumpAttendsG7SummitInEvianFrance/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4ODM5OH0:1we88h:kT8R5zXEq0RVOa4VcICgyMTknn97F4xNM51qlr7H1hE" 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>
                 <em>
                  Anthropic CEO Dario Amodei at a G7 meeting earlier this month. Anna Moneymaker/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The capability gap between the US’ AI models and China’s is now approximately equal to the distance between your desire for a long weekend and the impending July Fourth holiday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 That’s the vibe after researchers announced over the weekend that China’s AI can, in some scenarios,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  match Anthropic’s powerful Mythos model
                 </a>
                 , which the US government forced offline earlier this month. Zhipu AI, which matches Mythos on some tasks, is available to the public worldwide.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Doing their level best.
                 </strong>
                 China hasn’t leveled up to Anthropic and OpenAI yet, but its rise highlights the social and financial perils of AI being governed differently around the world:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Some industry watchers say that the US banning AI models while continuing to sell semiconductor chips to China enables it to create competitive models.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   US businesses are turning to Chinese models, like those from Zhipu and DeepSeek, to get powerful tools more cheaply.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Even Microsoft is reportedly exploring how to offer Chinese models to consumers on its platforms.
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 Accelerated braking
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 On Friday, Commerce Secretary Howard Lutnick allowed Anthropic to restore Mythos access to “
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  certain trusted partners
                 </a>
                 ,” according to Semafor. The same day, Anthropic rival OpenAI released its newest model, GPT-5.6, to a small number of recipients approved by the government:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In a blog post, OpenAI wrote that this process should not “become the long-term default. It keeps the best tools from users, developers, enterprises, cyber defenders, and global partners who need them.”
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Next up:
                 </strong>
                 The Trump administration will soon allow Anthropic to bring its
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Fable 5 model
                 </a>
                 , the weaker “cousin” of Mythos, back online after also forcing it off, per Axios. Earlier this month, Fable 5 was offered via Claude for three days, during which it was the most powerful AI model available to the public.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  An immodest proposal.
                 </strong>
                 Austria declared that Anthropic should move to the EU, where it would receive “legal certainty, market access, capital, and a set of values that suits this company.”—
                 <em>
                  HVL
                 </em>
                </p>
               </td>
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY4OTk0fQ:1we88h:1b93JLK8yLYBGTOpgV5xn5py2jNpL8ylrWimB3iTgCk" style="width:25px;display:inline-block" width="25"/>
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            READER POLL
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                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Would you use a Chinese AI model instead of an American one if it saved you money?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  I don’t want to use any AI.
                  <br/>
                 </a>
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            Sponsored By MiniMax
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              Building big ideas?
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           <img alt="Sponsor: MiniMax" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-16%252Fimage-4af1b83c876955f30e5eb536afd8e889baba9783-1280x960-jpg%252Fc3e66966c97e519309c34548e2a78de811c873ab-1280x960.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjY5MzQ0OH0:1we88h:ylC8Pungca7Lzao3W2aJ9LDLk7A3biPWshkecyUAq38" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             What you build can be just as important as how you build it. So go ahead and give MiniMax’s M3 a try. It’s their newest
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              frontier AI model
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             that was made for reasoning, coding, and AI agents.
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            </p>
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             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              This latest model
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             is particularly suited for agentic tasks that require visual understanding, like computer use or video agents. Plus, M3 has a 1-million-token context window that allows it to process entire codebases, lengthy reports, and large projects in a single conversation.
            </p>
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            </p>
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             See why more than 250 million users and 200,000 enterprise customers already use MiniMax to build tools that make work easier.
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             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Try MiniMax M3
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             .
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            WORLD
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                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY5NzA1NX0:1we88h:E8UHAMj6sk7DoIHkUrIqwMhRud_lR19ij1ZoybiKXYA" style="max-width:18px" width="18"/>
                  Iran and US agree to stop retaliatory strikes; talks expected to resume.
                 </strong>
                 At points this weekend, it looked like the ceasefire deal between the two nations might fall apart over
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  ongoing disputes
                 </a>
                 regarding the Strait of Hormuz. Yesterday, Iranian Foreign Minister Abbas Araghchi said that his country was assuming full authority over the strait due to the wording of the memo of understanding between the two countries, saying it meant “management and full restoration of maritime traffic in the Strait of Hormuz is Iran’s responsibility,” which US officials disagreed with. A second round of negotiations in Switzerland did not materialize as expected this weekend due to fighting over the strait that restarted on Thursday, although anonymous sources told the Wall Street Journal that the US has since offered to hold new talks in Qatar.
                </p>
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                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Foverheated-face_1f975.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY5ODEzfQ:1we88h:s-w-HSFZjFie3g-cx77I9sMaT5an1tFZgeoe1P3JLLY" style="max-width:18px" width="18"/>
                  Heat wave to engulf much of US until at least Thursday.
                 </strong>
                 The National Weather Service said
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  142 million people
                 </a>
                 in the central and eastern US will experience dangerous high temps this week. New York City’s weather service office issued an extreme heat warning beginning today through Wednesday, and said the “feels like” temperature could reach 108. Heat index readings by Thursday could exceed 100 in Philadelphia and reach 112 in the nation’s capital. The high temperatures may persist through Saturday in some areas.
                </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%252Fpopcorn_1f37f.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjY5OTE4NH0:1we88h:8R0M36VV7S2FprCAt_Ik4DRsJBzKz0ynBbmd3rIN2_s" style="max-width:18px" width="18"/>
                  Summer box office serves up surprises.
                 </strong>
                 If you think a cute dog can drive sales, people are sick of movie series, and
                 <em>
                  Oppenheimer
                 </em>
                 is the biggest biopic ever—take our advice and think twice. On that last point,
                 <em>
                  Michael
                 </em>
                 superseded Christopher Nolan’s epic about a theoretical physicist to become the highest-grossing biopic ever, with a global haul of $977 million. Elsewhere in the cinematic universe,
                 <em>
                  Supergirl
                 </em>
                 (and co-star Krypto the Superdog)
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  earned only $38 million
                 </a>
                 at the domestic box office this weekend for its debut. But
                 <em>
                  Toy Story 5
                 </em>
                 maintained its No. 1 slot for its second weekend in theaters. Looks like the toys are all right.—
                 <em>
                  HVL
                 </em>
                </p>
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            GLP-1, OBESITY-0
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                 Obesity drug access is about to expand via Medicare
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                  Ucg/Getty Images
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                 For many seniors, the weight is almost over: Starting on Wednesday, Medicare will begin covering
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  obesity drugs
                 </a>
                 for the first time, allowing millions of Americans to obtain popular medications like Wegovy, Zepbound, or Foundayo for a $50 monthly co-pay.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  What’s changing?
                 </strong>
                 Medicare already covers GLP-1 drugs for the treatment of some health conditions, like cardiovascular disease and Type 2 diabetes, but the new rules apply specifically to weight loss treatments. To be eligible, participants need to be enrolled in the Medicare Part D drug plan and meet certain
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  weight and health requirements
                 </a>
                 .
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The program is currently slated to run through 2027, though there are talks to extend it.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Why haven’t I heard about this?
                 </strong>
                 Drugmakers have done everything but hire a town crier to advertise weight loss drugs, but there hasn’t been as much buzz about the Medicare change. That’s in part to allow for a kind of soft launch that lets physicians and pharmacies work out the kinks. The Centers for Medicare and Medicaid Services (CMS) has also said it doesn’t want to go the
                 <em>
                  Grand Theft Auto VI
                 </em>
                 route and get everybody hyped about something that’s not available yet.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But make no mistake,
                 </strong>
                 drugmakers are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  jockeying for position
                 </a>
                 , because even though their drugs are being discounted, they expect to make up the difference through volume. According to the federal government, more than 56 million Americans have Medicare Part D, and about 38% of seniors have obesity.—
                 <em>
                  BC
                 </em>
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            Sponsored By EnergyX
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              The lithium boom is heating up.
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             Top public lithium stock prices are up 2x+ in the past year. But
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              the real winner may be a
              <em>
               private
              </em>
              stock, EnergyX.
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             Their tech can recover up to 3x more lithium than traditional methods. Now they’re preparing to unlock up to 15m+ tons. General Motors already invested.
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Join them as an EnergyX investor by July 16
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             .
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            CALENDAR
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                 The week ahead
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                <small>
                 <em>
                  John Thys/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Semiquincentennial-palooza:
                 </strong>
                 Markets are closed on Friday, ahead of the US’ 250th birthday on Saturday. You might want to locate the dog’s anxiety meds, because fireworks are going to figure into 44% of US consumers’ holiday plans, according to a National Retail Federation survey conducted by Prosper Insights and Analytics.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  June jobs report:
                 </strong>
                 Jobs data will be released on Thursday, a day earlier than usual, due to the holiday. Bloomberg forecasts the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  June report
                 </a>
                 will add about 123,000 jobs.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Playing with matches:
                 </strong>
                 It’s do-or-die time for the US men’s national soccer team on Wednesday, as it plays Bosnia and Herzegovina in the first knockout round of the World Cup. For tennis fans, the grass may be greener on the other side of the pond: Wimbledon starts today. Then, on Saturday, the stage is set for the 113th running of the Tour de France.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But wait, there’s more:
                 </strong>
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The US–Mexico–Canada Agreement (USMCA) renewal deadline is on Wednesday. If it’s renewed, it’ll be extended for 16 years. If it’s not, it will still be in place for at least 10 more years (unless someone actively decides to quit the pact).
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The
                  </span>
                  <span>
                   <em>
                    Legally Blonde
                   </em>
                  </span>
                  <span>
                   prequel series
                  </span>
                  <span>
                   <em>
                    Elle
                   </em>
                  </span>
                  <span>
                   premieres on Tuesday on Amazon Prime Video.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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            BRENDAN’S GOT GOOD NEWS
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Yogurt is aging like wine: Mel Brooks turned 100
                </a>
               </p>
              </div>
             </table>
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              <img alt="Mel Brooks during a 2024 screening of ‘Spaceballs’ " src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-29%252Fimage-9b4921bbf2ff2192aa1afce7f23460eb99909094-3677x2451-jpg%252F2024TCMClassicFilmFestivalDay4Sunday/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjcwNzc2N30:1we88h:pt3ibbpp6gcoLvLhtC0vYWTP_5l_D6vrIgECLs7h4yI" 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>
                  Mel Brooks during a 2024 screening of ‘Spaceballs.’ Presley Ann/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <em>
                  Mondays are bad enough, so the Brew’s own Brendan Cosgrove scoured the internet for a positive news story to help you start the week off right.
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Comedy legend Mel Brooks hit the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  century mark
                 </a>
                 yesterday, proving that if laughter is the best medicine, it’s good to be the king. “Making comedy is a great job. It keeps you sane and happy,” Brooks told People magazine in January.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 For his birthday yesterday, the EGOT winner and master of the parody got another feather in his cap: The American Film Institute named his satire
                 <em>
                  Blazing Saddles
                 </em>
                 the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  funniest film
                 </a>
                 of all time.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Brooks, who also made
                 <em>
                  The Producers
                 </em>
                 ,
                 <em>
                  Young Frankenstein
                 </em>
                 , and
                 <em>
                  Robin Hood: Men in Tights
                 </em>
                 , never even retired. He’ll reprise his role as Yogurt in the sequel to his sci-fi send-up
                 <em>
                  Spaceballs
                 </em>
                 , which will land in theaters next year.—
                 <em>
                  BC
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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            Sponsored By Audible
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           <img alt="Sponsor: Audible" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-22%252Fimage-257231065d4a9c07edd7764f276a0d2299cc5c93-2085x1563-jpg%252FMoriarty-Newsletter-1000x750px-01.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjcwOTAzfQ:1we88h:jsazVtMx7yLsSm7dR4UPWW_vFPzjF-K7QFVvlHDdwUA" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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              Shhh, it’s a secret.
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             Wanna tease your brain?
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             for Audible’s
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             . It’s got breadcrumbs hidden within the clues that lead you to a secret word. If you can figure it out,
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             by 7/18 for the opportunity to win 3 months of Audible for free.
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            NEWS
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
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                <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">
                    Venezuela
                   </a>
                  </span>
                  <span>
                   continues to search for survivors of the two earthquakes that hit the nation last week. The death toll rose to 1,450 yesterday, according to officials.
                  </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">
                    Extreme heat in France
                   </a>
                  </span>
                  <span>
                   led to at least 1,000 additional deaths last week, its public health agency said yesterday.
                  </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">
                    Pete Buttigieg
                   </a>
                  </span>
                  <span>
                   was targeted by a false report to Child Protective Services, which saw him temporarily unable to be alone with his children, he announced on Friday.
                  </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">
                    At least 117 dogs
                   </a>
                  </span>
                  <span>
                   were found dead on the grounds of a “no-kill” shelter in Northern California, according to authorities, and many of them had gunshot wounds.
                  </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">
                    NASA
                   </a>
                  </span>
                  <span>
                   is launching a $30 million rescue mission to save the Swift telescope from recent intense solar activity, which is also threatening the Hubble.
                  </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">
                    Bill Maher
                   </a>
                  </span>
                  <span>
                   received the Mark Twain Prize for American Humor at the Kennedy Center last night.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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            RECS
           </p>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxMDUwMn0:1we88h:W-iC5TGxRBq6QmjHQ9gV_tUIOAJHdN9hq9m2as9Pe8U" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <div>
                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxMTY2M30:1we88h:9YtcBUl3o11pgn2BOH659czME7nakWRzbTde6YC9ndI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Sing:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   This survey
                  </a>
                  compiled 250 essential American songs for the US’ big bday.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxMjc1NX0:1we88h:EbvYEzzjE0N0VCHA3_mQatw8Uc4BR3uPZ34CKdoyxFQ" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Consider:
                  </strong>
                  Three steps to figure out if it’s
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   time to replace your car
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxMzgyOH0:1we88h:hvwaBwxze0wnfKQbrP4nlSwPE6_hsyV1nFQaYzpdI6g" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Serve:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   <em>
                    You’re the OS
                   </em>
                  </a>
                  is a free game that teaches you just how hard it is to be a web browser.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxNDg5NH0:1we88h:1Pm7tYh_GfvtHxoYJsPyWqy-V7RMJeFmed_BkYB9IcQ" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  The folks behind NPR’s iconic
                  <em>
                   Planet Money
                  </em>
                  podcast wrote a book about the economic forces
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   that shape our everyday reality
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxNTk5fQ:1we88h:LnwoYLN0xClLtCOXPqJULGZbZ1mw3eHN5zwe7Nhxk0U" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   AI on the prize:
                  </strong>
                  <em>
                   Morning Brew Daily
                  </em>
                  ’s Neal Freyman and Toby Howell link up with PwC’s Dan Priest to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   discuss the next frontier
                  </a>
                  of AI in business. NBD, guys.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Listen in
                  </a>
                  .*
                 </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%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxNzA5NH0:1we88h:RenfA6LMnJixER78HeUAHsruBunmktKvpRQL743P2bU" style="max-width:18px" width="18"/>
                   Tax alpha &gt; market alpha:
                  </strong>
                  An investment portfolio could use an architect.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Experienced guidance
                  </a>
                  could help you keep more cash in your pocket.*
                 </p>
                 <placementslot data-id="d1802fbe542a">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
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            PLAY
           </p>
          </div>
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           <tr>
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             <div class="header-image-container" style="padding-top:15px">
              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxODMxfQ:1we88h:VjIZUdQubT7DCruwk4bjRqB3y1jiGBj2-AZ6hB4c1ac" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Turntable:
                 </strong>
                 Your center letter for the week is Y, surrounded by P, T, A, N, H, and E. Can you make 26 words from those? Find out and
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  play Turntable here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 State superlatives
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 As we gear up for America’s 250th, here are some questions about the states that make up the United States.
                </p>
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   What is the third most populous state, after California and Texas?
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Which state has the highest life expectancy?
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   What state produces the most apples?
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   What state has the most lighthouses?
                  </span>
                 </li>
                </ol>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
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       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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          <div class="tag-container" style="padding:15px 15px 0">
           <p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            SHARE THE BREW
           </p>
          </div>
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               <td class="content-container" style="padding:15px">
                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI3MjQ3MzEuMjcxOTQzM30:1we88h:gJgIQisugwSXCGw374GeTmb6aWs5k737a_06m8Yc9g8" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
                </a>
                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/r/?kid=979c4554
                 </a>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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          <div class="tag-container" style="padding:15px 15px 0">
           <p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            ANSWER
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="card-content">
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Florida
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Hawaii
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Washington (by far)
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Michigan
                  </span>
                 </li>
                </ol>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <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: superseded, meaning “took the place of.” Thanks to Linda from Duxbury, MA, and several other readers for a suggestion that’s a tough act to follow. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
                 </a>
                 .
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- DISCLAIMER -->
      <!--[if !mso]> <! -- -->
      <div class="c6" style="margin-bottom:7px">
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          <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
           <tr>
            <td class="disclaimers-content" style="padding:15px;font-size:10px">
             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✷ A Note From iShares by BlackRock
              </strong>
             </p>
             <span style="font-size:10px">
              <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">
                <strong>
                 View a prospectus
                </strong>
               </a>
              </p>
             </span>
             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✳︎ A Note From EnergyX
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <em>
                Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Morning Brew to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Morning Brew has been paid in cash and may receive additional compensation. Morning Brew and/or its affiliates do not currently hold securities of EnergyX.
               </em>
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <em>
                This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 invest.energyx.com
                </a>
                .
               </em>
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <em>
                Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.
               </em>
              </p>
             </span>
             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✤ A Note From MFS Investment Management
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This paid content was created with our sponsor and does not necessarily reflect the opinions or point of view of Morning Brew.
              </p>
             </span>
            </td>
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