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   Daily Brew // Morning Brew // Update
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     The fight over a California wealth tax is heating up...
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             June 27, 2026
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              Presented By
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               Congratulations.
              </strong>
              You made it through the full work week sandwiched in between two short ones. And at the end of the upcoming short one, you’ll even get fireworks to celebrate.
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               —Molly Liebergall, Brendan Cosgrove, Dave Lozo, Sam Klebanov, Matty Merritt, Holly Van Leuven, Abby Rubenstein
              </em>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
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               In today’s newsletter,
              </strong>
              we’ll look at:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The battle over California’s proposed billionaire tax
               </span>
              </li>
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               <span>
                New tensions over the Strait of Hormuz
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                Hacky sack’s comeback
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               MARKETS
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             <td class="pad5m">
             </td>
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            <!-- Nasdaq -->
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIxMjgxOX0:1wdPhV:9mwURntUpAXE3TotuajkO5WxxJR-H7uJzSlel-zoZr8" style="width:22%" width="20"/>
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                  Nasdaq
                 </p>
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                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  25,297.62
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.24%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIxNDIzfQ:1wdPhV:miaz-goKjvSUboFfPqlWemjfyBscEX03GfaLsVYWb2g" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  7,354.02
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.05%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIxNTc1NH0:1wdPhV:rpF1pO8fAZcEFPMkBfk6amT_nk88VplarOiG1qufB_E" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Dow
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  51,876.11
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.09%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIxNzEwOH0:1wdPhV:Dbr2rd434gyKzmcqcxvHKnnbhirJ3_vNoIq1p6tO20Q" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  10-Year
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  4.372%
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -2.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
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                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $59,903.49
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.35%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Oracle -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIyMDAxNH0:1wdPhV:3EPE5uB18uPXI2ehqbyP2sFmHwTSlvZCq_asIDiS_PM" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Oracle
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $148.53
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -2.58%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Oracle -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIyMTUwNH0:1wdPhV:y3LFjl6eQYEQ1NYw9T_xqoxx7oI__nwshzT5G0uimHM" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 6:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Investors were as wary of chips as your friend who can’t stand having greasy fingers, with AI skepticism continuing to drag stocks
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  down
                 </a>
                </span>
                <span>
                 yesterday. That left the S&amp;P 500 and the Nasdaq down for the week. Oracle had its worst week since the dot-com bust of 2001, falling 19%, as investors worried about its AI investments, per CNBC.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="line-height:22px;margin-top:0;margin-bottom:15px;padding:15px;background-color:#E8E8E8;">
               <p style="line-height:22px;margin-top:0;margin-bottom:15px;margin-bottom:0px">
                <strong style="color:#000;font-size:16px;color:#1C7FF2">
                 Markets Sponsored by MFS Investment Management
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                Beating the market means nothing if taxes eat your profits. Modern tools like direct indexing and UMAs might offer precision but demand coordination. Seasoned pros can help weave them into tax-smart strategies.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Learn more.
                </a>
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
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            CALIFORNIA DREAMIN’
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 A fight brews over CA’s proposed billionaire tax
                </a>
               </p>
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             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Supporters hold signs for Billionaire Tax proposal" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-26%252Fimage-b9598ebe42f85656fcbc7a18ac26721fed5dd432-5886x3924-jpg%252FGettyImages-2261843294.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTIyMzEzM30:1wdPhV:2wQ4TncFMA_TO28iHS8Dme4CSKz11v5sSd_tKf0Vq9E" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Patrick T. Fallon/Getty Images
                 </em>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 To tax or not to tax? That is the question that California voters will soon answer. A healthcare union’s controversial measure to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  impose
                 </a>
                 a one-time tax on billionaires was officially added to the state’s November ballot this week, to the dismay of Gov. Gavin Newsom and several groups that you may not expect to oppose a wealth tax.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The initiative, known as the California Billionaire Tax Act, would slap a one-time 5% tax on people worth $1.1+ billion who have been California residents since at least Jan. 1.
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Supporters say this would rake in $100 billion over five years from the state’s
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    200+ billionaires
                   </a>
                  </span>
                  <span>
                   .
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   There are plans for the new revenue: Ninety percent would go toward healthcare to offset
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    federal spending cuts
                   </a>
                  </span>
                  <span>
                   , and the remainder would go to education and food assistance programs.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Backers include Silicon Valley Rep. Ro Khanna, billionaire activist Tom Steyer, and Sen. Bernie Sanders.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 There’s plenty of opposition
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Newsom has argued that a statewide billionaire tax would harm innovation and cause wealthy people to flee California. After he tried and failed to block the measure from the ballot, the governor/podcaster/2028 presidential hopeful instead
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  proposed
                 </a>
                 a national billionaire tax (unlikely to pass under the Trump administration) in a Substack post yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Plenty of billionaires are against the measure, too.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Also:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Several unions and Democrat-aligned organizations have voiced concerns that the proposed levy could threaten income tax revenue and make other tax hikes on high earners harder to pass.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Planned Parenthood’s California chapter said the measure is “shortsighted” and “does not offer a sustainable solution to funding cuts,” The Guardian reported.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  If you live in California…
                 </strong>
                 expect a costly struggle for your attention. Billionaires have already
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  given
                 </a>
                 $100+ million to support rival ballot measures through a political committee called Building a Better California. Most of that funding came from Google co-founder (and the world’s third-richest person) Sergey Brin, who recently moved from California to Nevada.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Pulse check:
                 </strong>
                 The proposed tax has 54% support among likely voters, according to a May poll from Public Policy Institute for California.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
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            READER POLL
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                 <div style="margin-bottom:5px">
                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Should states tax billionaires?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, everyone should pay their fair share.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, they earned that money, and they should get to keep it.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Maybe, but I think there are better ways to structure a wealth tax.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  It should happen on the federal level instead.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  I don’t believe in any taxes.
                  <br/>
                 </a>
                </div>
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            Sponsored By Cytonics
           </p>
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            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              This “super-protein” could cure 500 million people
             </strong>
            </a>
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           <img alt="Sponsor: Cytonics" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-26%252Fimage-009aa3990dcbeb398d0c39bc505e523e85e78736-1001x750-png%252F009aa3990dcbeb398d0c39bc505e523e85e78736-1001x750.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTIyOTE3NH0:1wdPhV:FuIEJ1_Wf4PuF225T30MN1wH4RIAM3h-AYLu3Od-rCs" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             Over an eighth of the world’s population suffers from osteoarthritis. Yet, somehow, no cure exists in this $560 billion market.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             Soon, a “super-protein” could come to their rescue. And
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              7,000+ people already invested in the company
             </a>
             behind it, Cytonics.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             Cytonics’ research revealed that harnessing this protein may be the key to developing OA’s first and only cure. That work has led to partnerships with esteemed researchers from Stanford and Scripps.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             Their first-generation therapy has already been used to treat 10,000+ patients. Now, Cytonics is developing a
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              2x more active version to eradicate OA
             </a>
             , once and for all.
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
            </p>
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             Phase 1 clinical trials are successfully complete.
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Become an early-stage Cytonics investor before the next phase begins
             </a>
             .
            </p>
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            WORLD
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                 Tour de headlines
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              <img alt="Ships near Oman amid Strait of Hormuz tensions" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-26%252Fimage-aa2355448740e39642532bbbf996594a92f54909-1024x682-jpg%252FGettyImages-2283372845.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTIzMDg5Nn0:1wdPhV:4Rd5UeaciNsODLuOCoUCR4xGK1jqll-YTo_aNHzc69o" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
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                 <em>
                  Elke Scholiers/Getty Images
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                </small>
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                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-iran_1f1ee-1f1f7.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIzMjI5NX0:1wdPhV:c-pQryGp6Z6w407jEBrfoIybj7ZtNsXbb7z_jLsOrrI" style="max-width:18px" width="18"/>
                  US strikes Iran after Trump accuses it of violating ceasefire.
                 </strong>
                 The US “struck Iranian missile and drone storage locations and coastal radar sites,” Central Command
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 yesterday. The attacks came after President Trump posted on Truth Social that Iran had violated the deal by attacking ships in the Strait of Hormuz with drones, one of which hit a commercial cargo ship. “Obviously, this is a foolish violation of our Ceasefire Agreement,” Trump’s post said. The status of the strait is one of the many issues at play in negotiations for a final peace deal between the US and Iran. Meanwhile, Israel and Lebanon have reached a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  framework
                 </a>
                 for their own peace deal, officials said yesterday, although Iran-backed Hezbollah was not party to the deal.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fspiral-calendar-pad_1f5d3.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIzMzYxfQ:1wdPhV:AL4gvHQX0YuxHUP98kQFB9gX92NtQHBkviiikWs2wXg" style="max-width:18px" width="18"/>
                  OpenAI may delay its IPO until 2027.
                 </strong>
                 The ChatGPT maker hired bankers in anticipation of going public this year, but now, watching SpaceX’s share price slide and the market’s uncertainty about AI, the company is mulling
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  waiting longer
                 </a>
                 , the New York Times reports. Plus, CEO Sam Altman wants the company to be valued at $1 trillion in its debut, but its last valuation came in at $730 billion, sources told the NYT. That likely means rival Anthropic will IPO first. In other OpenAI news, the company
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 yesterday that it will restrict initial access to its latest AI models to a “small group of trusted partners” to assuage the US government’s safety concerns.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Foncoming-automobile_1f698.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTIzNDgyN30:1wdPhV:NXmsF78M6BsENT1jUbhrwGQEy5MUEfziTMkWwtxDQNY" style="max-width:18px" width="18"/>
                  Volkswagen may cut 100,000 jobs.
                 </strong>
                 The carmaker is looking to cut costs amid competition from Chinese brands and is reportedly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  planning
                 </a>
                 to get rid of 15% of its staff and stop manufacturing at four German facilities. The new plan builds on an existing effort to slash 50,000 jobs in Germany by 2030. The company declined to comment to news outlets on the proposed layoffs, but last week its CEO told shareholders, “Never has the risk situation been so high.” Hopefully, it works out for a company known for making lemonade from
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  lemons
                 </a>
                 .
                 <em>
                  —AR
                 </em>
                </p>
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            SACK TO THE FUTURE
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Hacky sacks have officially come full circle
                </a>
               </p>
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               <img alt="pile of hacky sacks" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-26%252Fimage-e5c8bb75f7ff8a2675b1d73bf0b03c22fc8c005b-5064x3376-jpg%252FGettyImages-937843652.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTIzNjM3NH0:1wdPhV:QBbbObNvC73U3pAbdj9A7gKv5pSswuYSdoWvytPHVGU" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Getty Images
                 </em>
                </small>
               </span>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 You there, in the JNCO jeans, listening to CDs you bought at Sam Goody, have we got news for you: Hacky sacks
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  are back
                 </a>
                 . The small, round, and kickable bean bags are increasingly popping up around the country, making high schools look like the outside of a Pacsun in the 1990s.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Hitting the sack:
                 </strong>
                 It’s unclear what initially sparked the revival, but teens in
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  the Northeast
                 </a>
                 have popularized the trend by posting rankings and videos on social media. NPR reported last month that searches for hacky sack:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Jumped 7,000% on TikTok, year to date.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Spiked more than 5,000% on Google in one month.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  New foothold:
                 </strong>
                 The sudden interest has caused a shortage of footbags (which is technically what they’re called, since “Hacky Sack” is a brand name). “Business has exploded,” Bomb Footbags owner Mike Heher told Bloomberg, noting that he tripled the price of one of his bags—from $13 to $34—and it still sold out. Some stores are limiting how many a customer can buy.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Hard habit to kick:
                 </strong>
                 Many parents and teachers are grateful for the sack-surgence, since it gets kids off of devices and out socializing with friends.—
                 <em>
                  BC
                 </em>
                </p>
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            ICYMI
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                 <em>
                  Here’s everything that didn’t make it into this week’s newsletters but we immediately sent to the group chat.
                 </em>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI0MjUzN30:1wdPhV:kLYG1Vpf6vPjWoQGkL8duhP7VF6fL950IacRZMYWjRo" style="max-width:18px" width="18"/>
                 Writer/director Paul Feig expressed
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  his vexation
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                 at AI at the Nantucket Film Festival. “All AI can do is take what we’ve done…and turn it into something that seems original, but it’s not original,” said the guy who remade
                 <em>
                  Ghostbusters
                 </em>
                 .
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI0MzU1Nn0:1wdPhV:kXBznIyNEG01Ger9Cn3GKJcqyinfqDvfaxUON9n_uQs" style="max-width:18px" width="18"/>
                 The WNBA
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  suspended
                 </a>
                 Alyssa Thomas for one game after she used her fist to make forcible contact with Caitlin Clark’s throat. When told the suspension was only one game, Clark said it was hard to swallow.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI0NDU3NH0:1wdPhV:UxwjkRihcEgADIhdNf_NmOo00cqoIDThtpsbCwllTVo" style="max-width:18px" width="18"/>
                 A reviewer from Variety
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 <em>
                  Supergirl
                 </em>
                 was the comic book movie “with the worst script I can remember.” How is it possible that this reviewer can’t remember
                 <em>
                  Morbius
                 </em>
                 ?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI0NTg5N30:1wdPhV:upZYQ--RgveQpPSPwOMS6a-mPUjWQdy5a2VFkTMD57I" style="max-width:18px" width="18"/>
                 Christopher Nolan’s
                 <em>
                  The Odyssey
                 </em>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  won’t
                 </a>
                 have screenings for influencers, which are typically held to generate word-of-mouth buzz before a movie is released. That means they won’t be able to see what’s in it and will be very surprised by what comes out of it.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fblack-rightwards-arrow_27a1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI0NzE4NH0:1wdPhV:4pvbohigkVs2gxSUi7OIFFJETYnNUajXvAi8GPbruSo" style="max-width:18px" width="18"/>
                 A woman whose nude portrait
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  sold
                 </a>
                 for $39 million told the Wall Street Journal: “Mona Lisa wasn’t alive when she became famous—but I am.” Art historians are calling this the first mogging of a woman who’s been dead for 500 years.
                 <em>
                  —DL
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
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       <!-- <![endif]-->
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           <p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            NEWS
           </p>
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           <tr>
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              <div class="title-container" style="padding:0 15px">
               <p class="h1 story-title" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </p>
              </div>
             </table>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Venezuelans
                   </a>
                  </span>
                  <span>
                   continued to search for survivors yesterday as the death toll from two deadly earthquakes rose to at least 920 people, and more than 51,000 people remained missing.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    John Bolton
                   </a>
                  </span>
                  <span>
                   , a Trump advisor-turned-critic, pleaded guilty yesterday to mishandling classified information.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The Texas education board
                   </a>
                  </span>
                  <span>
                   approved a required reading list for public schools that includes Bible passages, which critics say favors Christian interpretations despite the diversity of the state’s 5.4 million students.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Polymarket’s
                   </a>
                  </span>
                  <span>
                   annualized revenue reached more than $1 billion, CNBC reported yesterday. But the predication market is facing a
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    CFTC investigation
                   </a>
                  </span>
                  <span>
                   following a WSJ investigation that found it paid for misleading influencer videos.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    King Charles III
                   </a>
                  </span>
                  <span>
                   won’t live at Buckingham Palace after the completion of a $487 million refurbishment. However, he’ll continue to work from there, possibly making him the only person to turn down the opportunity to WFH.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Tennis legend Novak Djokovic
                   </a>
                  </span>
                  <span>
                   got a Wall Street job. He’ll be an advisor to private equity firm General Atlantic.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
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          <div class="tag-container" style="padding:15px 15px 0 15px;">
           <p class="h3" style="line-height:22px;margin-bottom:15px;font-family:Helvetica, Arial, sans-serif;font-size:16px;color:#1c7ff2;font-weight:700;margin-top:0;margin-bottom:0;text-transform:uppercase; ">
            Sponsored By Montauk Brewing Co.
           </p>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Sponsor: Montauk Brewing Co." class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-06-04%252Fimage-21bada36c6cf28d13aebb79646c1321fb212431b-2214x1664-png%252FScreenshot2026-06-04at11.43.33AM.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTI0OTMxM30:1wdPhV:ulzjmEpAfuglgClz7m72F4pg5y4BFxYTbWIIG9lVIe4" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
          </a>
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           <tr>
           </tr>
           <td class="sponsored-body content-container story-content" style="padding:15px">
            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             <strong style="color:#000">
              IPA in vacation mode.
             </strong>
             Wave Chaser IPA brings tropical hops, piney aromas, and “out of office” energy to the cooler. The Surf Beer keeps things
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              light, crisp, and blissfully uncomplicated
             </a>
             . Come as you are,
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              chase your wave
             </a>
             , and leave the wetsuit drama to people with better balance.
            </p>
           </td>
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          <div class="tag-container" style="padding:15px 15px 0">
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            COMMUNITY
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Crowd work
                </a>
               </p>
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               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Last week, we asked, “What’s the most amusing travel mishap that’s happened to you?” Here are some of our favorite responses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “I do all the travel bookings and planning for every trip, but my husband decided he would plan the next one. I told him I really wanted to go to Amman, Jordan. He found an amazing hotel, and we booked right away. The week before we were leaving, I went to find the address of the hotel and couldn’t find it anywhere. Turns out he booked a hotel in Oman. We ended up going to Oman, and it was one of the best trips we have ever taken!”
                  </span>
                  <span>
                   <em>
                    —Melissa from Houston
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “I was staying in an Airbnb in Rome and wanted to do some laundry. I saw a bag of powder above the laundry machine and assumed it was detergent. After adding it to the machine I noticed it didn’t have any smell. The bag said ‘Mapei’ on it so I looked it up and found out it was cement. I tried to scoop it all out using a spoon. I didn’t do any laundry and, thankfully, I don’t think I ruined the machine.”
                  </span>
                  <span>
                   <em>
                    —Jason from Johns Island, SC
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “Sitting on a train in Europe and discovering after an embarrassing amount of time that the car we were sitting in wasn’t even attached to an engine.”
                  </span>
                  <span>
                   <em>
                    —Sheila from DeForest, WI
                   </em>
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “In the Black Hills of South Dakota we drove through this wildlife viewing area. We came across a herd of bison in the road and stopped to let them pass. But instead of passing, the herd surrounded my car and started licking it. We could feel the car moving from the impact of their licks. We were stuck in the herd for 20+ minutes but got a free bison car wash! Turns out they liked the road salt that was still on my car from the winter.”
                  </span>
                  <span>
                   <em>
                    —Samantha from Nebraska
                   </em>
                  </span>
                 </li>
                </ul>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 This week’s question
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Taylor Swift is rumored to be planning her wedding at Madison Square Garden. Where would you host a once-in-a-lifetime bash and what would the celebrations entail if you, like TSwift, had over $1 billion?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Sam’s answer to get the juices flowing:
                 </strong>
                 “I’d rent out a Staten Island Ferry boat and have it cruise around New York Harbor filled with my friends and family jamming to a live performance by the Ukrainian folk punk band Gogol Bordello. Catering would include fresh lobster and the finest champagne flown in from France.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Submit your response here
                 </a>
                 .
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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           <p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            RECS
           </p>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3ODI1NTM5MDkuMTI1MDg2fQ:1wdPhV:TobGxkPPD1SLJUUqYDE6VSQEjBIIQQ0Xr4c0IWllDg8" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <div>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI1MTg5fQ:1wdPhV:EuPX7QVVf-Piu4KSoU5ugLGHekMQc9T4ZmskAjtJxDA" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Debate:
                  </strong>
                  What is this year’s
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   song of the summer
                  </a>
                  ?
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI1Mjg3NX0:1wdPhV:d4Wm9hFV5ReKK4e7r9cS39fcyRK2XoAA95lh93KRcAo" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Watch:
                  </strong>
                  Learn to make the
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   perfect fried egg
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI1Mzg2fQ:1wdPhV:elJaODpKOj2Aohir8O9ENTIbO4gNBEmDA7tlI-R0vVQ" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Travel:
                  </strong>
                  A ranking of the best (and worst) US states for
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   a summer road trip
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI1NDgzM30:1wdPhV:eSSgg76UNPtR3tZoezUd6M6TkdCRusG35vnapHfhOsY" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  A
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   captivating chronicle
                  </a>
                  of how one banking dynasty stood at the center of the Panic of 1873, aka the first global financial crisis.**
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3ODI1NTM5MDkuMTI1NTgxfQ:1wdPhV:8bsAFUcokc9g3mKt1ylRxB9qxLkmwIZ9id9NXcwSnuk" style="max-width:18px" width="18"/>
                   What’s possible:
                  </strong>
                  AT&amp;T’s leadership spotted an opportunity to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   pilot a tool
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                  everyone’s talking about: AI. They turned chatter into action with the right data.
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                   See how
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                  .*
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                   6 beds, 4 baths
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                   Haunted old tree swing
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                   Fancy billiards room
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                 How much for the old Midwestern mansion?
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                  $1.09 million
                 </a>
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                  Word of the Day
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                 Today’s Word of the Day is: vexation, meaning “a state of being irritated.” Thanks to Debbie from Flushing, MI, for a suggestion that didn’t annoy us at all. Submit another Word of the Day
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