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   Daily Brew // Morning Brew // Update
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     Anheuser-Busch stages its comeback...
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             May 06, 2026
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              View Online
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              Presented By
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Hail.
              </strong>
              A full-length trailer for Christopher Nolan’s
              <em>
               The Odyssey
              </em>
              came out yesterday, and the internet is
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               up in arms
              </a>
              , because in it, Telemachus refers to his father, Odysseus, as his “dad”—which no one in 1200 BCE would say.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              And that was before Telemachus even hits his watermelon ice vape and calls his mom’s suitors chopped.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <em>
               —Molly Liebergall, Sam Klebanov, Dave Lozo, Matty Merritt, Adam Epstein
              </em>
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               In today’s newsletter, we’ll get into:
              </strong>
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Beer making a comeback
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                More AI-driven layoffs
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The Roomba creator’s creepy new project
               </span>
              </li>
             </ul>
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      <!-- MARKETS -->
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               MARKETS
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            <tr>
             <td class="pad5m">
             </td>
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            <!-- Nasdaq -->
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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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDc5Nzk4fQ:1wKYhM:cdqQKbTZFuONTQX7tXbEEZ3oQCbCveChzemRltIb0Ys" style="width:22%" width="20"/>
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                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  25,326.13
                 </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:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +1.03%
                    </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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDc5ODk0M30:1wKYhM:oAVzy9jk1yW5Cj7NhG8RYmwFcDZKLb95whtguc3R8U8" 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">
                  7,259.22
                 </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:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.81%
                    </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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDc5OTg4Mn0:1wKYhM:75U7Eh5z3iifpjtLIsftZdgC7QjNHYPH3_C2-KXtoX0" 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">
                  49,298.25
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.73%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgwMDgxNX0:1wKYhM:jSxKfMvF0mmcWNq2pY8s8jz5OTkHQQOybb33RJXqZPM" 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">
                  4.416%
                 </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">
                     -3.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <tr>
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               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgwMTc0NH0:1wKYhM:dabGquBkFhfcL3CvSDSUBTcwspcROZ869guwyM8jlPc" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $81,562.21
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +2.04%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Shopify -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgwMjY3NH0:1wKYhM:uQUvAW7XXz7u5Y64iTjkkSnEJRdpIBTdOGTOEth93ZU" 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">
                  Shopify
                 </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">
                  $107.63
                 </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">
                     -15.62%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Shopify -->
            <!-- 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgwMzY0Mn0:1wKYhM:CSRIk6PrRaIJyyR4ytVJ8RomAmtCS9ey6zJW54Zkn1k" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 5:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 Stocks
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  notched
                 </a>
                </span>
                <span>
                 fresh records yesterday as the tech sector rallied and the fragile US–Iran ceasefire appeared to (mostly) hold. But, like a guy in a fedora who won’t stop talking about chemtrails, Shopify ruined the party yesterday, tanking by more than 15% after it said the pace of revenue growth is slowing down.
                </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:0;">
                <strong style="color:#000;font-size:16px;color:#1C7FF2">
                 Markets Sponsored by State Street Investment Management
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                Broad exposure –
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 MDY
                </a>
                provides instant diversification and broad exposure to 400 US medium-sized companies – balancing growth potential with stability in one powerful investment.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Learn more about MDY
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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            GLUG GLUG GLUG
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               <p class="h1 story-title" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Beer is back on the menu, boys
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Cartoonish illustration of a hand holding up a big beer mug" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-05%252Fimage-f1f2080aa99c721a3264b8ebe174d8ba7c5b164d-1500x1000-jpg%252FMBD_05052026_Beer_01.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgwNDc1fQ:1wKYhM:bVKxX0dLRQMJe2aQX943_6Jl7bsNld6XJjjGDbnM6I4" 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>
                  Niv Bavarsky
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 A proverbial ladybug just landed on the cracking-a-cold-one business: The number of drinks sold by Anheuser-Busch, the world’s largest brewer,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  increased
                 </a>
                 last quarter for the first time in three years, the company reported yesterday, surprising analysts and suggesting that a broader chill in the beer industry may be thawing.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  “Cheers to beer,”
                 </strong>
                 AB InBev CEO Michel Doukeris said of the promising results, which also included better-than-expected 12% revenue growth. Major gains in Latin American markets drove the beer beat:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The brewer’s Brazil unit notched record growth in sales volumes, sending shares of the Sao Paulo-listed subsidiary
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    soaring
                   </a>
                  </span>
                  <span>
                   by their most in almost 27 years.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   AB InBev, which owns Corona and Modelo (except in the US), also exceeded expectations in Mexico, overtaking rival Heineken in the region.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But…
                 </strong>
                 that wasn’t enough to turn beer sales positive for the whole continent. In what could be interpreted by Big Ten students as a challenge, overall North American beer sales continued to fall, as persistent inflation and shifting health trends kept US shoppers away from the alcohol aisle.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Good thing AB InBev has expanded into beer that doesn’t get you drunk—revenue from its non-alcohol beverages jumped 27% in the quarter.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 Sign of the imbibing times?
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Along with AB InBev…
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Danish brewer Carlsberg recently reported that its beer volumes
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    turned positive
                   </a>
                  </span>
                  <span>
                   after rolling downhill last year.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Heineken’s total volumes also
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    grew
                   </a>
                  </span>
                  <span>
                   last quarter after falling in 2025, but the breakthrough was buoyed by sales of mixers and ciders. Heineken’s beer volumes actually fell from the same time last year.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 AB InBev said it’ll beat out both of those rivals this year. Much like other brewers, the company that slings Budweiser, Bud Light, Stella Artois, and Michelob Ultra—now the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  best-selling
                 </a>
                 beer in the US—expects a significant summertime boost from World Cup festivities.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
              </tr>
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               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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            Sponsored By Mizzen+Main
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              Classic style. Modern performance.
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            <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             No matter what you’ve got planned for your summer, Mizzen+Main has your outfit needs covered.
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             Mizzen+Main helps keep you lookin’ sharp wherever your travels take you. Their
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             are designed with modern performance features, like wrinkle-resistant, moisture-wicking, and machine-washable fabric.
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             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
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             is what really put them on the map, so you can bet on all their styles being inspired by the same timeless look, built for the modern day.
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             When you look
             <em>
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            WORLD
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                 Tour de headlines
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              <img alt="Trump" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-06%252Fimage-b71ffca32df71adcf04d02395ae1ffe782b82d24-8067x5379-jpg%252FGettyImages-2269567171.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgxMDAyfQ:1wKYhM:rRWytuQJabkyADHBgd12ab4YoQXlFRAskRNtOBE8av0" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <em>
                  Tom Williams/Getty Images
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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%252Fship_1f6a2.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgxMDk2fQ:1wKYhM:iUUbC_jo2cfr_gB-oZeDk2QTMtfPHSqIBWeG3H4gnqc" style="max-width:18px" width="18"/>
                  Trump said he’s pausing “Project Freedom.”
                 </strong>
                 In a social media post last night, President Trump announced he was
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  pausing
                 </a>
                 the US operation to escort ships through the Strait of Hormuz “for a short period of time” to allow time for an agreement with Iran. Trump’s post came just hours after Secretary of State Marco Rubio told reporters that the US was committed to Project Freedom. Rubio and Defense Secretary Pete Hegseth also said the fragile ceasefire was still holding, even as Iran continued to attack the United Arab Emirates. Both the US and Iran claimed to control the crucial strait yesterday, as maritime traffic came to a near standstill.
                 <em>
                  —AE
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-canada_1f1e8-1f1e6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgxMTkwNn0:1wKYhM:NykLIrY-BeztEJLamEYrbl0Ozm299cdyGgQF1Vozyg4" style="max-width:18px" width="18"/>
                  Alberta separatists want to leave Canada.
                 </strong>
                 Stay Free Alberta
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  submitted
                 </a>
                 over 300,000 signatures (they only needed 178,000) this week that would force a referendum vote on whether the province should secede from the rest of Canada. The group’s main gripe is that the federal government’s green initiatives have stifled the region from producing and exporting oil, costing Alberta billions of dollars. The option to split could be put on the ballot as early as October, though it already faces court challenges. Polls show that support for the separatist movement has increased, but is still in the minority.
                 <em>
                  —MM
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fpage-facing-up_1f4c4.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgxMjgyfQ:1wKYhM:6o9nwwUfpgBWwMKBBfljrd9fIrNA8WcxbbkPD6PdnOU" style="max-width:18px" width="18"/>
                  The SEC officially proposed semiannual reporting.
                 </strong>
                 Just like your friend in a new relationship, you might be hearing from the Walmarts and Amazons of the world less frequently. Following up on President Trump’s demand to end quarterly reporting, the SEC formally
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  introduced
                 </a>
                 a proposal yesterday for twice-a-year company filings instead. Some business leaders have complained that mandatory quarterly reports, which have been required since 1970 and aim to provide transparency for shareholders, are time-consuming and promote short-term thinking.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Proponents
                 </a>
                 of the rule say that less-frequent reporting would lead to more market volatility. It could still take years for the rule to change.
                 <em>
                  —MM
                 </em>
                </p>
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            AGENTS REPORTING FOR DUTY
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                 Coinbase says it’ll replace employees with AI
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                  Jason Armond/Getty Images
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Coinbase is following the biggest Silicon Valley trend since microdosing: announcing it's automating away jobs with AI. The crypto exchange Coinbase said yesterday that it is cutting
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  14% of its staff
                 </a>
                 —equivalent to about 700 people—in part due to efficiency gains from AI.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 While Coinbase’s CEO, Brian Armstrong, said the company’s layoffs are a way to manage costs amid a crypto winter, he claimed AI will allow it to make due with fewer human workers:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Armstrong said the company will rely on employees managing fleets of AI agents, and that it’s experimenting with one-person teams in which a single employee armed with AI performs the functions of engineers, designers, and product managers.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   He shared plans to reduce management layers to no more than five corporate rungs under the CEO.
                  </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">
                 Innovation or desperation?
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Several tech companies, including Snap, Block, and Salesforce, recently said they’re reducing headcount due to AI automation. But some skeptics—
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  including
                 </a>
                 OpenAI CEO Sam Altman—argue that many companies are “AI washing” layoffs, aka blaming cuts that would have happened anyway on AI. Critics say that spinning staff cuts as part of innovation or efficiency gains (rather than, you know, business problems) is meant to appeal to investors.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 Coinbase has had a rough go recently, as slumping crypto prices have reduced trading revenues.
                 <em>
                  —SK
                 </em>
                </p>
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            Sponsored By The Points Guy
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              Credit card rewards may change.
             </strong>
             If the Durbin-Marshall bill becomes law, it could have an impact on your credit card rewards. The bill could change the way merchants process payments, and The Points Guy says that could
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              reduce credit card cash-back
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             and travel rewards programs.
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              Here’s what TPG predicts
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             .
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            PET PROJECT
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                 This furry AI companion may replace your dog
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                  Familiar Machines &amp; Magic
                 </em>
                </small>
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                 Is it a dog? A sheep? A sleep-paralysis barn owl demon? Zoologists are stumped. But it’s definitely the latest
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  generative AI robot
                 </a>
                 for your home—a life-like, pet-sized companion from Colin Angle, the former CEO of iRobot and creator of the Roomba.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It’s from Angle’s new company, Familiar Machines &amp; Magic, and it’s called a Familiar, the term for humans and animals that serve witches and vampires. And before you ask, no, the furry creature does
                 <em>
                  not
                 </em>
                 vacuum up scraps while being adorably ridden by your cat. So, what is the point of this product due out next year?
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Angle sees the Familiar—which is meant to be emotionally intelligent enough to respond to your mood and which doesn’t talk but can purr and meow—as a cure for loneliness. He told the Wall Street Journal, “I want to feel like the machine I’m building actually cares about me.” (Note: It doesn’t though.)
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   He also thinks it can be useful in “high human connection roles,” like eldercare and parental support.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  When asked
                 </strong>
                 by the WSJ about a growing
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reliance on technology
                 </a>
                 to satisfy emotional needs, Angle said the Familiar’s inability to speak will soften that potentially dangerous connection.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The product is still in the prototype phase, and its price hasn’t been announced.
                 </strong>
                 But Angle said it will cost “around the same as pet ownership,” although he didn’t specify if that meant a purebred dog or a goldfish.
                 <em>
                  —DL
                 </em>
                </p>
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                   </a>
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                <!-- END SOCIAL LINKS -->
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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">
                   Would you buy one of these robot pets?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, I’m lonely.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, begone foul beast!
                  <br/>
                 </a>
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            SAM’S STOCK OF THE WEEK
           </p>
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               <p class="h1 story-title" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Bucking the breakfast recession trend
                </a>
               </p>
              </div>
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              <img alt="Breakfast at First Watch" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-05%252Fimage-eb5afc5d41f6dc05dce740fd056682a0f2ad9eb6-1300x958-jpg%252FMBD-FirstWatch-0526.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgyMzMzM30:1wKYhM:ZcRGUY9BzT0KXDgxii8Ma3gvPztcczJ2Gjn-Gt68G4w" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  First Watch
                 </em>
                </small>
               </span>
              </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <em>
                  On Wednesdays, the Brew’s Sam Klebanov highlights a fascinating stock, commodity, or other asset that’s worth your attention.
                 </em>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 This company’s stock is sizzling harder than the eggs and steak it serves every morning. Shares of the elevated breakfast chain First Watch are up over 7% in the past month, and yesterday it surprised analysts with 17% revenue growth last quarter.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It’s a bright spot in a bleak breakfast market:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   First Watch is growing as chains like McDonald’s warn that economic pessimism has Americans skipping eating out for their first meal of the day.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The company cut the ribbon on 16 locations in Q1 and 60 new spots last year, making it the fastest-growing full-service chain in the US, according to Technomic.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Analysts credit its emphasis on food quality and service professionalism with helping it outbreakfast rivals.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But…
                 </strong>
                 while pro-stock watchers are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  enthused
                 </a>
                 about the chain’s aggressive expansion, investors aren’t so sure. The stock is still down by 20% since the year began, and by over 50% from its 2024 peak.
                 <em>
                  —SK
                 </em>
                </p>
               </td>
              </tr>
             </table>
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            Sponsored By iHerb
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           <img alt="Sponsor: iHerb" 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%252F2026-05-01%252Fimage-10152d23d4135a0dcabf49b1bbd89975e4b5a9ea-1000x750-png%252FiHerb_D3_Gym_A_1000x7501.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgyNDM3NX0:1wKYhM:tXu0ZYNrZWsAEfr6sf4qZPO646GPkeqqZKCD4-DTQ7k" 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">
             <strong style="color:#000">
              How you fuel your body matters.
             </strong>
             That’s why iHerb works
             <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
              directly with trusted brands
             </a>
             , skipping third-party sellers. From sports nutrition to beauty supplements, iHerb’s products are documented + traced from brand to customer. For select products, iHerb uses iTested, an accredited testing program verifying identity, purity, + more.
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              Get 20% with code MBDAILY
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             .
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            NEWS
           </p>
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                 What else is brewing
                </a>
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                 <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">
                    Meta
                   </a>
                  </span>
                  <span>
                   was sued by a group of publishers who allege that the tech giant illegally used copyrighted material to train its AI model, Llama.
                  </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">
                    James Murdoch
                   </a>
                  </span>
                  <span>
                   , the media investor and younger son of Rupert Murdoch, is reportedly in talks with Vox Media to buy its podcast network and New York Magazine.
                  </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 FDA
                   </a>
                  </span>
                  <span>
                   blocked publication of several studies that show that vaccines for Covid-19 and shingles are safe, the New York Times reported.
                  </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">
                    Google, Microsoft, and xAI
                   </a>
                  </span>
                  <span>
                   agreed to give the Trump administration early access to AI models to test their security before releasing them to the public.
                  </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">
                    Delta
                   </a>
                  </span>
                  <span>
                   said it will stop serving snacks and drinks on short flights this summer as airlines deal with rising fuel costs as a result of the Iran war.
                  </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">
                    WHO
                   </a>
                  </span>
                  <span>
                   suspects rare human-to-human transmission of hantavirus, which is usually spread by contact with rodents, was responsible for the deadly outbreak on a luxury cruise ship this week.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The 2026 Tony nominations
                   </a>
                  </span>
                  <span>
                   were announced yesterday, with
                  </span>
                  <span>
                   <em>
                    The Lost Boys
                   </em>
                  </span>
                  <span>
                   and
                  </span>
                  <span>
                   <em>
                    Schmigadoon!
                   </em>
                  </span>
                  <span>
                   leading with 12 nods apiece.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       <!-- <![endif]-->
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            RECS
           </p>
          </div>
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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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgyNTQ4MX0:1wKYhM:vtGYlvZV_8LaXuVbEPXLy0xEWWMSDtAFBphbVYv4NTM" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgyNjM4NX0:1wKYhM:wxOiwkR0zleuMmjWDYroiXHzMCRZjQKIeeedNOq2HYg" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Wag:
                  </strong>
                  This
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   weird ball
                  </a>
                  wears your dog out faster than other toys.**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgyNzI3N30:1wKYhM:F4RJk7_GNdXj1xHQW4namswz8viVkTtoXaQ1l56TcZY" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Debate:
                  </strong>
                  The 100 greatest
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   guitar solos
                  </a>
                  of all time, according to Rolling Stone.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgyODIwN30:1wKYhM:1LErSBokF6F6CtvPPFqhV5MRNIYzHrB4MUxRXhd0YW8" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Play:
                  </strong>
                  Hang with people around the world at this wholesome, interactive “
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   cursor camp
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgyOTEzNH0:1wKYhM:KMsYfxbcIT5gFKt64IW6X-FD9HlRY1kKc9v380NBj-4" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Grow:
                  </strong>
                  How to plan your
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   backyard garden
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgzMDA0Mn0:1wKYhM:CDW8aR0UTI_7JtPiGOS5ohmiTRu1k8mlqmYxLKPQko4" style="max-width:18px" width="18"/>
                   Let there be light:
                  </strong>
                  Your room can look polished
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   without being pricey
                  </a>
                  . Quince’s textured curtains softly filter light, add rich texture, and come in blackout options.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   That’s a bright idea
                  </a>
                  .*
                 </p>
                 <placementslot data-id="75c8dbe18d43">
                 </placementslot>
                 <placementslot data-id="96c2893d2110">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
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           </tr>
          </table>
         </td>
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            PLAY
           </p>
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           <tr>
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             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzgwNjAyNjQuMDgzMTA1M30:1wKYhM:phUxGV7Mvd8bdh7HGjWvGQJHym-q8n3w7FUufNVyj1E" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
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              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Word Search:
                 </strong>
                 The theme of this week’s puzzle is “Longest-tenured
                 <em>
                  SNL
                 </em>
                 cast members.”
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play the Word Search here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
                 Ship trivia
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 We’ll give you the name of a ship (real or fictional), and you have to name the captain of said ship.
                </p>
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Santa María
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Endurance
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Jolly Roger
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Millennium Falcon
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Nebuchadnezzar
                  </span>
                 </li>
                </ol>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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            SHARE THE BREW
           </p>
          </div>
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           <tr>
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             <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzgwNjAyNjQuMDgzMjM5fQ:1wKYhM:w5jxGs3uWWkb5aC_bbx5G_MdjWcisL96G6vO0dL4F08" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
                </a>
                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/r/?kid=979c4554
                 </a>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
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          <div class="tag-container" style="padding:15px 15px 0">
           <p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            ANSWER
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="card-content">
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              <tr>
               <td class="content-container" style="padding:15px">
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Christopher Columbus
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Ernest Shackleton
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Captain Hook (
                  </span>
                  <span>
                   <em>
                    Peter Pan
                   </em>
                  </span>
                  <span>
                   )
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Han Solo (
                  </span>
                  <span>
                   <em>
                    Star Wars
                   </em>
                  </span>
                  <span>
                   )
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Morpheus (
                  </span>
                  <span>
                   <em>
                    The Matrix
                   </em>
                  </span>
                  <span>
                   )
                  </span>
                 </li>
                </ol>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: proponents, meaning “people who support or argue in favor of something.” Thanks to Brian from Hoboken, NJ, for the suggestion. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
                 </a>
                 .
                </p>
               </td>
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      <!-- DISCLAIMER -->
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          <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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            <td class="disclaimers-content" style="padding:15px;font-size:10px">
             <p style="margin-top:0;margin-bottom:15px;font-size:16px;line-height:10px">
              <strong style="color:#000">
               ✷ A Note From State Street Investment Management
              </strong>
             </p>
             <span style="font-size:16px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <strong style="color:#000">
                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>
               <strong style="color:#000">
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 statestreet.com/im
                </a>
                . Read it carefully.
               </strong>
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent).
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               State Street Global Advisors (SSGA) is now State Street Investment Management. Please click
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                here
               </a>
               for more information.
              </p>
             </span>
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