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</a>
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<table border="0" cellpadding="0" cellspacing="0" class="nl-container" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff" width="100%">
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<table border="0" cellpadding="0" cellspacing="0" class="image_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-top:20px;padding-bottom:35px">
<div style="max-width:220px">
<a target="_blank">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-7ow%252FSnacks%2520logo%2520%25281%2529.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3ODQxOTgxMTcuNTcxMjMxOH0:1wkJQz:Z7jeRtU8gHtfHNIcwfgoNRxhqdcPjz3ULiOP81Zua1U" style="display:block;height:auto;border:0;width:100%" title="" width="220"/>
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</table>
</td>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
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<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:1px;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
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<tr>
<td align="center" class="pad" style="width:100%">
<div class="fullWidth" style="max-width:495px">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Fba7bfe62-d9eb-49eb-8314-9b7b208956a9%252Fimage1.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3ODQxOTgxMTcuNTcxNDE5NX0:1wkJQz:wt1CxZ0jGgySbsik59Dw1EzPVsEGOvjjyP6-3LM13oo" style="display:block;height:auto;border:0;width:100%" title="" width="495"/>
</div>
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</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-top:5px;padding-right:30px">
<h1 style="margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:10px;font-weight:400;letter-spacing:normal;line-height:1.2;text-align:right;margin-top:0;margin-bottom:0;mso-line-height-alt:12px">
OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei (Ludovic Marin/Getty Images)
</h1>
</td>
</tr>
</table>
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px;padding-top:32px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:5px">
<h1 style="margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:30px;font-weight:700;letter-spacing:-2.5px;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:36px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Hey Snackers,
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
In an attempt to capitalize on the buzz of Christopher Nolan’s “The Odyssey,” Fountain O, an AI film studio, is releasing
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a 135-minute AI-generated film
</strong>
</a>
called “Odysseus: The Fall” using Chinese AI video generator software Kling and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Google’s
</strong>
</a>
Nano Banana for imagery and core frames. Nolan, who has publicly derided
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AI slop
</strong>
</a>
, spent a quarter of a billion dollars on his film, whereas the AI-generated version cost “mid-five figures.”
</p>
<p style="margin:0">
The S&P 500 and Russell 2000 rose yesterday as June producer prices came in softer than expected, while the Nasdaq 100 dropped amid a chip rout. Communications was the best-performing sector, thanks to gains in
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Alphabet
</strong>
</a>
and
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Meta
</strong>
</a>
, while utilities was the worst.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="left" class="pad">
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<span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
A.I.P.O.
</strong>
</span>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<td align="center" class="pad" style="width:100%;padding-top:10px;padding-bottom:10px">
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<strong>
ChatGPT beat Claude to market, but Anthropic looks set to beat OpenAI to
</strong>
<strong>
<em>
market.
</em>
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
<strong>
Anthropic
</strong>
is beginning to test the waters ahead of its potential IPO and is starting to set up meetings with investors. An IPO from Anthropic would be a seismic moment for the still relatively nascent AI business. It would be both the pacesetter for the entire industry and a moment when a lot of market value that has drained out of companies on public markets and into private companies like Anthropic will once again become available for investors.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
According to Bloomberg,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Anthropic is currently considering
</strong>
</a>
an initial public offering as soon as October.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
If that timing holds, Anthropic will be the first of the pure-play AI companies to enter public markets.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Sure,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
SpaceX
</strong>
</a>
had a pretty considerable portion of its value prop tied to its AI business, but Anthropic appears poised to beat archrival
<strong>
OpenAI
</strong>
as well as other players such as
<strong>
DeepSeek
</strong>
, which is preparing for an IPO filing as soon as this year.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Anthropic was valued at $965 billion after its funding round in May.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
Investor meetings are a critical part of the IPO process, as bankers sound out demand before the actual roadshow.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-top:24px;padding-bottom:8px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
The maker of Claude hitting public markets would be a watershed moment for investors who have been ravenous in their pursuit of exposure to the AI trade. Finally, enough with investing in the picks and shovels, any one of these AI labs going public would be a moment to buy the dang mine.
</p>
<p style="margin:0">
It’ll also be a chance for markets to appraise the actual businesses of these companies instead of implicitly doing so based on the pools of red ink on the balance sheets of the businesses that are well and truly disrupted. So far, investors have only had a chance to price in new technological innovations by dumping the shares of the companies — truck stops, SaaS firms, cybersecurity outfits — that are potentially on the losing side of the technological shift.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<strong>
Snacks Shots
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
⚽️
<strong>
World Cup:
</strong>
We have our final! Heading in, Spain is the favorite to beat Argentina with a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
60% chance
</strong>
</a>
*, according to prediction markets.
</li>
<li style="Margin:0 0 8px 0">
<strong>
🎬 The Odyssey:
</strong>
The reviews are in, and Christopher Nolan’s “The Odyssey” is looking to be his highest-rated film ever, with markets pricing in
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a 90% chance that the movie finishes above a 94 on Rotten Tomatoes
</strong>
</a>
and even a 48% chance it comes in above 96.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
*Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
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<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
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<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
SpaceX
</strong>
</a>
shares fell
<a style="text-decoration: underline; color: #5869ff;">
<strong>
below its $135 IPO price
</strong>
</a>
for the first time yesterday.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Jeppson’s Malört, a bitter wormwood-based liqueur from Chicago whose flavor has been likened to “fermented back sweat” and “moist dumpster residue,” is
<a style="text-decoration: underline; color: #5869ff;">
<strong>
leaning into its terrible taste
</strong>
</a>
with its largest marketing campaign yet, aiming to appeal to consumers who have yet to try the turpentine-esque spirit.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
More couples want a
<a style="text-decoration: underline; color: #5869ff;">
<strong>
“leaving the workforce” trigger
</strong>
</a>
in their prenups, which would require the working spouse to provide additional financial support to the other spouse if they leave the workforce.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Novo Nordisk
</strong>
</a>
plans to expand the global availability of the once-daily Wegovy pill in the second half of this year.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Apple
</strong>
</a>
is hunting for
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AI chip acquisitions
</strong>
</a>
as its in-house chips have underperformed, forcing reliance on
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
Nvidia’s
</strong>
</a>
chips, according to reporting from The Information.
</li>
</ul>
</div>
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</td>
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</table>
</td>
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<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
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<p style="margin:0">
<a style="text-decoration: underline; color: #ffffff;">
<strong>
“Their Greatest Hits (1971-1975)” by the Eagles is America’s top-selling album.
</strong>
</a>
</p>
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<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Thursday
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Taiwan Semiconductor
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
GE Aerospace
</strong>
</a>
,
<strong>
</strong>
and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
UnitedHealth
</strong>
</a>
expected to report earnings premarket.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
US June retail sales due out at 8:30 a.m. ET.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Netflix
</strong>
</a>
expected to report earnings postmarket.
</li>
</ul>
</div>
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</tr>
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SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
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1 week, 6 days ago - hello@snacks.robinhood.com
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