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   A trio of companies — Alphabet, Microsoft, and Meta — with major exposure to the AI trade that’s been thrilling markets reported earnings last night. Let’s see how they did.
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                   Presented by
                  </p>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Hey Snackers,
                  </span>
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                  <p style="margin:0;margin-bottom:16px">
                   Congratulations, you and Elon Musk have an average net worth of
                   <strong>
                    $236 billion
                   </strong>
                   ! Data from the Federal Reserve shows that America’s households now hold a whopping
                   <strong>
                    $167 trillion
                   </strong>
                   , meaning that
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     the average American household is now worth $1,264,000
                    </strong>
                   </a>
                   . If it doesn’t feel that way, it’s because a simple mean average isn’t actually the best way to think about statistics when discussing populations that include very large outliers such as Musk. A better metric in this case is the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     median wealth of US households
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Yesterday the Federal Reserve delivered its
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     second rate cut
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   of 2025 as expected, taking its policy rate down 25 basis points to a range of 3.75% to 4%. Officials also said they plan to stop reducing the size of their balance sheet as of December 1.
                  </p>
                  <p style="margin:0">
                   Stocks were little changed in the wake of this announcement, but fell during the press conference when Fed Chair Jerome Powell said that there were strongly differing views on whether or not to cut interest rates again in December, and that another reduction is “far from” a foregone conclusion.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     The S&amp;P 500 dropped on his comments before finishing flat
                    </strong>
                   </a>
                   , while the Russell 2000 sank over 1%. Tech was the best-performing sector ETF, lifting the Nasdaq 100 to a new record close, buoyed by
                   <strong>
                    Nvidia
                   </strong>
                   and
                   <strong>
                    Broadcom
                   </strong>
                   .
                  </p>
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                     CLASH OF THE TITANS
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              <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;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">
                  <strong>
                   Hyperscalers report earnings:
                  </strong>
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    The good
                   </strong>
                  </a>
                  <strong>
                   ,
                  </strong>
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    the bad
                   </strong>
                  </a>
                  <strong>
                   , and
                  </strong>
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    the ugly
                   </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">
                   A trio of companies —
                   <strong>
                    Alphabet
                   </strong>
                   ,
                   <strong>
                    Microsoft
                   </strong>
                   , and
                   <strong>
                    Meta
                   </strong>
                   — with major exposure to the AI trade that’s been thrilling markets reported earnings last night. Let’s see how they did.
                  </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">
                    The good: Alphabet
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      beat expectations
                     </strong>
                    </a>
                    , sending shares soaring after-hours. Google Cloud revenue for Q3 was $15.2 billion, growing 34% year over year. YouTube’s ad revenue rose 15%, Google’s Search revenue grew 14.5%, and ad revenue was a 12.6% increase year over year.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The meh:
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Microsoft beat expectations but still dropped
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    in after-hours trading. Azure cloud business revenues grew 40% year on year, compared with Wall Street’s expectations for 38% growth.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    The bad and the ugly:
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Meta beat on revenue but missed badly on earnings per share
                     </strong>
                    </a>
                    , with diluted EPS coming in at $1.05 compared to a consensus estimate of $6.72. The social media company’s ad revenue, which makes up nearly all of its sales, hit $50.1 billion, versus analysts’ expectations of $48.5 billion. Meta fell over 8% after-hours.
                   </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 big bottom-line miss stems from Meta setting aside cash for future income taxes, which forced it to book a one-time, noncash $15.9 billion tax charge this quarter. Without that one-off hit, Meta said diluted earnings per share would have been $7.25.
                  </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-6" 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">
                   Hey, it sure seems like AI is pretty good at helping with ad revenue. Meta CEO Mark Zuckerberg said that AI continues to help the company improve ad revenue, and a Bloomberg Intelligence analyst for Google observed that “better ad targeting likely contributed to a further sequential increase in growth for core Search and YouTube ads to around 15% for each segment, while Gemini’s token usage of 7 billion per minute for its API business is around that of leading frontier models such as OpenAI.”
                  </p>
                 </div>
                </td>
               </tr>
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                  <a style="color:#ffffff;text-decoration:none;" target="_blank">
                   <!--[if mso]>
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                      Read more
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     Presented by StartEngine OWN
                    </strong>
                   </span>
                  </span>
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                </td>
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                  <strong>
                   StartEngine Sees Opportunity Where Others See Turbulence
                  </strong>
                 </h1>
                </td>
               </tr>
              </table>
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                   <a target="_blank">
                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F327ee6f1-8575-4d9f-983f-abab6d2b38a7%252FSExSherwood_10.22.gif/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NjE4MjExNjUuMjQ1NDg5NH0:1vEQAP:A2nQwa3z_tDoph7vbks5mVNpokvUlfqD56OaK9QkbOY" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
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                  <p style="margin:0">
                   Kevin O’Leary is a paid spokesperson for StartEngine. See his 17(b) disclosure,
                   <a style="text-decoration: underline; color: #5869ff;">
                    here
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                 <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">
                   Despite headlines about tariffs, inflation, and uncertainty, America’s investment boom is alive and well.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   As
                   <em>
                    The Washington Post
                   </em>
                   recently reported, capital formation in the U.S. remains remarkably strong, with manufacturing, energy, and technology leading the charge.
                   <sup>
                    1
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     StartEngine
                    </strong>
                   </a>
                   is working to ride that same wave.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   The alternative investment platform has seen
                   <strong>
                    $1.5B+ committed
                   </strong>
                   to fuel innovation across the economy,
                   <sup>
                    2
                   </sup>
                   from emerging startups to VC-backed funds for exposure to
                   <strong>
                    Databricks
                   </strong>
                   ,
                   <strong>
                    xAI
                   </strong>
                   , and more.
                   <sup>
                    3
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   These private offerings have fueled record financials for StartEngine: after reaching $48M in annual revenue for 2024, the company saw
                   <strong>
                    $70M revenue in the first half of 2025 alone, up 3x YoY
                   </strong>
                   .
                   <sup>
                    4
                   </sup>
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     StartEngine recently opened a new round
                    </strong>
                   </a>
                   , allowing you to join 50K+ shareholders across all offerings and own a stake in the platform powering this movement.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Learn more about their traction and how you can join
                    </strong>
                   </a>
                   <strong>
                    .
                   </strong>
                   <sup>
                    5
                   </sup>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
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                    <strong>
                     DUMPSTER FIRE SALE
                    </strong>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    CoreWeave’s attempt to buy Core Scientific is going down in flames
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" 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">
                   Last year, when
                   <strong>
                    CoreWeave
                   </strong>
                   tried to buy
                   <strong>
                    Core Scientific
                   </strong>
                   , management didn’t approve. This time, it looks like
                   <em>
                    shareholders
                   </em>
                   don’t like the
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     new offer
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   The current deal in play is an all-stock transaction that was valued in July at about $9 billion, but heading into today’s vote on the transaction, shares of Core Scientific are
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     trading for much more than the terms of the agreement say they’re worth
                    </strong>
                   </a>
                   , strongly suggesting traders are pricing in either a rejection of this proposal or a last-minute boost to the offer.
                  </p>
                  <p style="margin:0">
                   To get to the core of the issue, the terms of the deal lack a so-called collar: since the transaction is completely based on CoreWeave stock, it means the price is entirely dependent on the whims of what the market feels about CoreWeave when (and if!) the deal closes. And that stock has
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     moved a lot since July
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-5" 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">
                    Core Scientific
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      became a slave to CoreWeave’s low float
                     </strong>
                    </a>
                    , but the high cost of shorting CoreWeave left no easy way for investors to protect the value of their position.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The deal premium vanished decisively as CoreWeave’s
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      post-IPO lockup expired
                     </strong>
                    </a>
                    , which unleashed
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a wave of pent-up profit taking
                     </strong>
                    </a>
                    and made more shares available to be shorted.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Major shareholder
                    <strong>
                     Two Seas Capital
                    </strong>
                    issued a statement opposing the deal on August 7, and followed that up with an October presentation detailing its concerns.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     Gullane Capital
                    </strong>
                    — another major Core Scientific holder — also
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      said it would be voting no
                     </strong>
                    </a>
                    , and Institutional Shareholder Services Inc. and Glass Lewis &amp; Co. are against the proposal as well.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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                <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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                  <p style="margin:0">
                   CoreWeave and Core Scientific management teams, for their part, remain strongly in favor of a tie-up. Core Scientific noted that the deal had been “unanimously determined” by its board of directors as providing “meaningful upfront premium and upside opportunity,” while CoreWeave CEO Michael Intrator has been resolute that “under no circumstances will we readdress the bid that we put out,” with the company reiterating that stance in a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     press release
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
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                      Read more
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
                   </span>
                  </span>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Nvidia is the first $5 trillion company as BATMMAAN stocks dominate the market
                   </strong>
                  </a>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   The eight
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     BATMMAAN
                    </strong>
                   </a>
                   names are now worth nearly 40% of the S&amp;P 500, as key AI players take flight once more.
                   <strong>
                    Nvidia
                   </strong>
                   , in particular, has had a meteoric rise owing to the 2018 decision from CEO Jensen Huang and co. to bet the farm on AI.
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     See how Nvidia compares to its BATMMAAN peers
                    </strong>
                   </a>
                  </p>
                 </div>
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                    <strong>
                     Presented by State Street Investment Management
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                  <strong>
                   Don’t miss out on a mid-cap allocation
                  </strong>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   Want a smart, time-efficient way to invest in companies like Williams-Sonoma, The New York Times Company, Chewy Inc. and more? Tap into the outperformance potential of 400 mid-sized companies in a single trade with
                   <a style="text-decoration: underline; color: #5869ff;" target="_self">
                    <strong>
                     MDY — the original mid-cap ETF
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   Wherever you’re headed, getting there starts
                   <a style="text-decoration: underline; color: #5869ff;" target="_self">
                    <strong>
                     here
                    </strong>
                   </a>
                   .
                  </p>
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                  <strong>
                   Snack Shots
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                    🏈
                    <strong>
                     Thursday Night Football:
                    </strong>
                    The prediction market on
                    <strong>
                     Robinhood
                    </strong>
                    * is pricing in a Baltimore Ravens win over the Miami Dolphins at $0.79, making them strong favorites as these two-win AFC teams clash in a battle that I’m sure looked a lot better on paper when they scheduled this game before their terrible starts.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    🏛️
                    <strong>
                     Shutdown:
                    </strong>
                    Today, the federal government shutdown that began at the start of the month with a lapse in funding enters its 30th day. Based on the current market prices of $0.57 for a more than 40-day shutdown and $0.45 for a more than 45-day shutdown, Robinhood’s traders are pricing in about another two weeks of this.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     🌀 Weather:
                    </strong>
                    As Hurricane Melissa batters the Caribbean, the end seems to be near for a hurricane season that was projected to be particularly strong. There have been four major Atlantic hurricanes this year, and the Kalshi market has
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      just a 20% chance
                     </strong>
                    </a>
                    of there being another.
                   </li>
                  </ul>
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                </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">
                   *Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company. Event contracts trading is offered by Robinhood Derivatives, LLC, a registered futures commission merchant with the CFTC.
                  </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-13" 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="button_block block-2" 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]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word"   style="height:20px;width:142px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
                  <span class="button" style="background-color: #5869ff; mso-shading: transparent; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     OFF THE CHARTS
                    </strong>
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </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;padding-top: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">
                   Which horror movie had both the highest score from audiences
                   <em>
                    and
                   </em>
                   from critics?
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="image_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="width:100%">
                 <div align="center" class="alignment">
                  <div style="max-width:550px">
                   <a target="_blank">
                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Fb6e1cdb8-bde4-433e-b6a3-887bd8214979%252Fhorror-movies%252B%25281%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NjE4MjExNjUuMjQ1Njk1fQ:1vEQAP:Pnx7O2550yAPpItWBIWEtzBBo8LpWpdE2_AGUzOHQ5k" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
                   </a>
                  </div>
                 </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;padding-top:5px">
                 <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">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Check your answer.
                    </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-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">
                    Risk never sleeps, but the stock market doesn’t even work a full nine-to-five.
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Here’s where futures can come into play
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Eli Lilly
                    </strong>
                    will distribute
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      cheaper, cash-pay options
                     </strong>
                    </a>
                    for its blockbuster weight-loss shot Zepbound through
                    <strong>
                     Walmart
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Meanwhile,
                    <strong>
                     Hims
                    </strong>
                    <strong>
                     &amp; Hers
                    </strong>
                    will begin to offer GLP-1
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      microdosing treatments
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    It turns out
                    <strong>
                     Tesla
                    </strong>
                    ’s Cybercab might need to have a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      steering wheel and pedals
                     </strong>
                    </a>
                    after all
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     Boeing
                    </strong>
                    turned
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      cash flow positive
                     </strong>
                    </a>
                    for the first time since its door plug blowout
                   </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>
                     The rate of diabetes cases has hit an all-time high of 13.8% of US adults.
                    </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;">
                   Thursday
                  </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">
                    Earnings expected from
                    <strong>
                     Amazon
                    </strong>
                    ,
                    <strong>
                     Apple
                    </strong>
                    ,
                    <strong>
                     Reddit
                    </strong>
                    ,
                    <strong>
                     Eli Lilly
                    </strong>
                    ,
                    <strong>
                     Merck
                    </strong>
                    ,
                    <strong>
                     Comcast
                    </strong>
                    ,
                    <strong>
                     Roblox
                    </strong>
                    ,
                    <strong>
                     Shake Shack
                    </strong>
                    ,
                    <strong>
                     Estée Lauder
                    </strong>
                    ,
                    <strong>
                     Coinbase
                    </strong>
                    ,
                    <strong>
                     Western Digital
                    </strong>
                    ,
                    <strong>
                     Strategy
                    </strong>
                    ,
                    <strong>
                     Riot Platforms
                    </strong>
                    ,
                    <strong>
                     Roku
                    </strong>
                    ,
                    <strong>
                     First Solar
                    </strong>
                    , and
                    <strong>
                     Gilead
                    </strong>
                   </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-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;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-top:5px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-1" 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">
                   <strong>
                    Advertiser's disclosures:
                    <br/>
                    <br/>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   1 Source: Sara Eisen, “
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    The Eye-Popping Numbers Behind America’s Investment Boom
                   </a>
                   ,” The Washington Post, October 15, 2025
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   2 In May 2023, StartEngine acquired assets of SeedInvest.
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Click here
                   </a>
                   for more details.‍‍ Amount invested includes $470M in funds raised previously through offerings conducted on www.seedinvest.com outside of the StartEngine platform.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   3 The underlying companies held by StartEngine Private Funds LLC, and StartEngine Private LLC (together, “StartEngine Private”) are not participating or involved in the offering. The availability of company information does not indicate that the company has endorsed, supports or otherwise participates with StartEngine Private or any of its affiliates. StartEngine Crowdfunding LLC purchases shares from current and former employees, early investors, and advisors of the companies and sells the shares to StartEngine Private for each offering. When you make an investment in a company on StartEngine Private, you are purchasing an interest in a series of StartEngine Private Funds LLC or StartEngine Private LLC, each a Delaware limited liability company (together the “Series LLCs”), which were created to hold shares of privately held companies. An investor will not directly own or hold shares of the private company but instead will own member interests in a series of the Series LLCs, which either directly or indirectly, will hold shares in the company. There may not be a one-to-one economic parity on the value of the Series LLCs interests and the underlying shares.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   4 Based on our
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Q2 2025 Form 10-Q/A
                   </a>
                   . This revenue growth has been driven by StartEngine Private, a new product line that offers funds in late stage companies. This product line has driven over $34.1 million of the $39 million in revenue from Q2 2025. To understand the impact on margins,
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    see financials
                   </a>
                   . Past performance may not be indicative of future performance.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   See page 4 of the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Q2 2025 Form 10-Q
                   </a>
                   for the H1 2025 and H1 2024 total revenues. See page 35 of the offering circular and
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Management’s Discussion and Analysis of Financial Condition and Results of Operations
                   </a>
                   for 2024 annual revenues.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   5 This is a paid advertisement for StartEngine’s Regulation A+ offering. For more information, please see the most recent
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Offering Circular
                   </a>
                   and
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    Risks
                   </a>
                   related to this offering.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   This Reg A+ offering is made available through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary is involved in the offering. In addition, as described in the Offering Circular, the Company retains the right to continue the offering beyond the Termination Date, in its sole discretion.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Investing in private company securities is not suitable for all investors. This investment is highly speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. It should only be considered a long-term investment. There is no guarantee that a market will develop for such securities.
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                    <br/>
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                   <strong>
                    Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
                   </strong>
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                    www.statestreet.com/im
                    <strong>
                     .
                    </strong>
                   </a>
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                    Read it carefully.
                   </strong>
                   Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent)
                  </p>
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                   <strong>
                    <a style="text-decoration: underline; color: #1d1d1d;">
                     State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information
                    </a>
                    .
                    <br/>
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