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   The entire airline industry had a smashing day yesterday, with Delta finishing up 12%, United up nearly 15%, American up 13%, Southwest up 7.5%, and JetBlue up 9%.  The reason? One of their members, Delta, said that it was a little more certain about the world.
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                   Presented by
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Hey Snackers,
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                  <p style="margin:0;margin-bottom:16px">
                   If you want a stapler, a
                   <em>
                    very
                   </em>
                   special staple, a Nintendo Switch 2, and a pair of GameStop CEO Ryan Cohen’s
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     underwear
                    </strong>
                   </a>
                   , boy, have we got a deal for you! All of those items — plus a trip to Miami and lunch at
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     this fast-food restaurant
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   — can be yours if you win the “GameStop Staplegate Charity Auction” (up on eBay) with a bid of over $1 million. If you don’t care about Miami and just want a piece of
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     “Staplegate” lore
                    </strong>
                   </a>
                   , you can nab the rest for just
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     six figures
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   The S&amp;P 500 rose 0.3% on Thursday, setting
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     new intraday and closing records
                    </strong>
                   </a>
                   in the process. The Nasdaq 100 dipped 0.2% while the Russell 2000 continued its strong start to the quarter with a 0.5% advance. Bitcoin rose above $113,000,
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     another all-time high
                    </strong>
                   </a>
                   . Tech and communications services were the lone two S&amp;P 500 sector ETFs to end in the red, while consumer discretionary led the way higher.
                  </p>
                  <p style="margin:0">
                   🧠 Test your knowledge on this week’s stories with our
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Snacks Seven Quiz
                    </strong>
                   </a>
                   . Here’s a sample question:
                  </p>
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                 <div style="margin-left:-20px">
                  <ul style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li style="Margin:0 0 8px 0">
                    What is the largest company that
                    <strong>
                     <em>
                      isn’t
                     </em>
                    </strong>
                    part of the S&amp;P 500?
                    <br/>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Check your answer.
                     </strong>
                    </a>
                   </li>
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:left">
                 <div align="left" class="alignment">
                  <!--[if mso]>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     KEEP CLIMBING
                    </strong>
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </td>
               </tr>
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               <tr>
                <td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    The price of fear
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   The entire airline industry had
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a smashing day
                    </strong>
                   </a>
                   yesterday, with Delta finishing up 12%, United up nearly 15%, American up 13%, Southwest up 7.5%, and JetBlue up 9%.
                  </p>
                  <p style="margin:0">
                   The reason? One of their members,
                   <strong>
                    Delta
                   </strong>
                   , said that
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     it was a little more certain about the world
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Delta began the year saying that 2025 had the potential to be its best fiscal year in a century. That dream fizzled out within three months amid
                    <strong>
                     “
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      uncertainty around global trade
                     </strong>
                    </a>
                    <strong>
                     .”
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    When the airline
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      reported second-quarter earnings on Thursday
                     </strong>
                    </a>
                    , it said something crucial: things have stabilized, even going so far as to restore the full-year earnings outlook that it had yanked right after the tariff chaos made it incredibly hard to foretell the future.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    That’s it! That’s what sent the entire industry soaring: just the indication that one company has determined that
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      it won’t actually have to fly blind
                     </strong>
                    </a>
                    for the rest of the year.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0">
                   The cost of that uncertainty had been holding down the industry’s market cap by
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     billions of dollars
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-7" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0">
                   If one little forecast was enough to
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     unlock billions in shareholder value
                    </strong>
                   </a>
                   across the entire aviation industry, it’s certainly worth asking the question: what
                   <em>
                    other
                   </em>
                   industries are suffering from this implicit price devaluation owing to the ambiguity around tariffs and federal policy?
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="10" cellspacing="0" class="button_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                      Read more
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                    </span>
                   </span>
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                  </a>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    Presented by Pacaso
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <strong>
                   The
                  </strong>
                  <strong>
                   Private
                  </strong>
                  <strong>
                   Stock Popping Up in Big-Name Portfolios
                  </strong>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="image_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                  <div style="max-width:550px">
                   <a target="_blank">
                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fbazh%252F6su869qw%252Froh%252Fsdh%252Fv2r%252F1_Pacaso_Partnerships-1200x800_070225_002.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTIyMzA1MTIuODgwNzEwMX0:1uaBCS:a92JfGl_aXL88KHwmyNTGqCgPmqnSJVxQSUdx7INoU0" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
                   </a>
                  </div>
                 </div>
                </td>
               </tr>
              </table>
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                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:24px">
                  <p style="margin:0">
                   <strong>
                    <em>
                     Pacaso is a private company.
                    </em>
                   </strong>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   When five respected venture capital firms invest in the same company, people take notice. The company?
                   <strong>
                    <a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
                     Pacaso
                    </a>
                   </strong>
                   (Nasdaq ticker reserved: PCSO).
                   <sup>
                    1
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Now everyday investors like you have the opportunity to join them.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Pacaso created the vacation home co-ownership category in 2020, and today over 2,000 people have owned a home through their platform.
                   <a style="text-decoration: underline; color: #5869ff;" target="_self">
                    <strong>
                     Pacaso has generated $100M+ in gross profits since 2021,
                    </strong>
                   </a>
                   <sup>
                    2
                   </sup>
                   and their 2024 gross profits of $21.4M took them to 41% YoY growth.
                   <sup>
                    3
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   And they have no plans to slow down – they have their eyes on expanding to locations like Italy and adding more homes in the Caribbean.
                  </p>
                  <p style="margin:0">
                   You can share in that growth potential as they scale in this $1.3T market.
                   <sup>
                    4
                   </sup>
                   This is your chance to invest in a growing real estate innovator already backed by venture capitalists.
                   <a style="text-decoration: underline; color: #5869ff;" target="_self">
                    <strong>
                     Become a Pacaso shareholder here
                    </strong>
                   </a>
                   .
                   <sup>
                    5
                   </sup>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     ICE TO MEET YOU
                    </strong>
                   </span>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Vertiv gets the Amazon Basics treatment
                   </strong>
                  </a>
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                   Vertiv Holdings is one of those massive data center infrastructure businesses that have been
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                     a bit of a darling for traders trying to get in on the AI trade
                    </strong>
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                     none other than Amazon
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                    The e-commerce and cloud behemoth
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                     <strong>
                      announced late on Wednesday
                     </strong>
                    </a>
                    that it’s developed its own cooling system called the In-Row Heat Exchanger (IRHX). These will be used to cool down racks upon racks of
                    <strong>
                     Nvidia
                    </strong>
                    GPUs in data centers.
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                    The company considered building liquid-cooled data centers from scratch, but it would have taken too long and the time frame wouldn’t be compatible with the access to Blackwell chips.
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                    Using cooling systems currently on offer “didn’t scale,” executive Dave Brown added, because they took up too much floor space. So Amazon made its own.
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                   This is bad news for Vertiv, given that the exact kind of liquid-cooling system that Amazon has developed in IRHX is
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                    <strong>
                     a pretty substantial part of Vertiv’s business
                    </strong>
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                   — “around 10% of overall sales,” Business Insider senior analyst Mustafa Okur calculated — not to mention that Amazon Web Services may very well have been one of its largest customers.
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                   It’s been the kiss of death for many companies, if not industries, when Amazon decides it wants to enter the space. Vertiv gets to go on an exciting journey that has been taken by everyone from alkaline batteries to cloud competitors to see if Amazon muscling into their business is survivable.
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                   Whether ’tis nobler in the mind to suffer the honks and beeps of faster cars or take action amongst a sea of speeders and by joining, become them... That’s probably what Shakespeare would have written were the Bard pondering the question posed to
                   <strong>
                    Waymo
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                   and
                   <strong>
                    Tesla
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                   , which have taken
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                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <strong>
                   Yesterday’s Big Daily Movers
                  </strong>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     AMD
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      rose
                     </strong>
                    </a>
                    after HSBC doubled its price target to match the highest on the Street
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     WK Kellogg
                    </strong>
                    ’s stock snapped, crackled, and popped on news
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      it’s being acquired
                     </strong>
                    </a>
                    by Italian chocolate maker Ferrero
                   </li>
                   <li style="Margin:0 0 8px 0">
                    After the US government announced
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      plans to take a large stake
                     </strong>
                    </a>
                    in
                    <strong>
                     MP Materials
                    </strong>
                    , the miner’s shares rose 50%, with the news boosting
                    <strong>
                     USA Rare Earth
                    </strong>
                    12% as well
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   What else we're Snackin'
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    President Trump’s tax bill effectively grants a monopoly to
                    <strong>
                     Anduril
                    </strong>
                    to build
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      “autonomous” border surveillance towers
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Here’s what
                    <strong>
                     Elon Musk
                    </strong>
                    and the UK’s version of a Treasury chief
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      have in common
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    As bitcoin crosses another
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      all-time high
                     </strong>
                    </a>
                    , everyone’s buying bitcoin…
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      except Strategy
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    And as
                    <strong>
                     Nvidia
                    </strong>
                    reaches a new milestone, it’s still
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      cheap to be greedy
                     </strong>
                    </a>
                    on another rally toward
                    <strong>
                     $5 trillion
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    What’s not cheap? Hiring AI talent.
                    <strong>
                     Meta
                    </strong>
                    poached
                    <strong>
                     Apple’s
                    </strong>
                    head of AI models and it cost the company
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      nine figures
                     </strong>
                    </a>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    But Meta has the money — it also just spent
                    <strong>
                     $3.5 billion
                    </strong>
                    for a stake in the
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      business that makes Ray-Bans
                     </strong>
                    </a>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-15" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-16" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Snack Fact of the Day
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
                 <div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #ffffff;">
                    <strong>
                     Over half of Netflix subscribers watch anime.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-17" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Friday
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-18" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Monthly US federal budget
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:11px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:left;mso-line-height-alt:13px">
                  <p style="margin:0;margin-bottom:16px">
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Advertiser's disclosures:
                    <br/>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    1
                   </sup>
                   Pacaso recently received their ticker reservation with Nasdaq ($PCSO). Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    2
                   </sup>
                   The $100M gross profit is calculated from 2021-2024. For more details on the gross profit for 2021- 2023, please see
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    management discussion of the financial condition section
                   </a>
                   of the offering circular. For more details on the 2024 gross profit, please see the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    1-K Financial Statements section
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    3
                   </sup>
                   Past performance is not indicative of future performance. Gross profit growth is based on the offering circular and 1-K. This gross profit growth has been driven by both the type and the price of units sold. For more details on the gross profit for 2023, please see
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    management discussion of the financial condition section
                   </a>
                   of the offering circular (p.41). For more details on the 2024 gross profit, please see the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    1-K Financial Statements section
                   </a>
                   (p.12).
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    4
                   </sup>
                   Pacaso estimates the U.S. market at $1.3 trillion and the European market as $500 billion. See
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    website
                   </a>
                   for further details.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <sup>
                    5
                   </sup>
                   The minimum investment is $1,035.52 when including the 3.5% investor fee. This is a paid advertisement for Pacaso’s Regulation A offering. Please read the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    offering circular
                   </a>
                   and
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    related risks
                   </a>
                   at
                   <a style="text-decoration: underline; color: #1d1d1d;" target="_self">
                    invest.pacaso.com
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
                  </p>
                  <p style="margin:0">
                   <sup>
                    6
                   </sup>
                   Please read the prospectus carefully before investing in any fund.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-19" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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