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  <div class="sailthru-emco-preheader" style="display: none; max-height: 0px; overflow: hidden;">
   Wall Street enthusiasm for robotaxis is downright frothy. Which company will win?
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                   Presented by
                  </p>
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                 <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>
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                  <p style="margin:0;margin-bottom:20px">
                   Gut check: which social media company do you think has the highest valuation and where do you think the US version of
                   <strong>
                    TikTok
                   </strong>
                   ranks? If you somehow guessed
                   <strong>
                    “X”
                   </strong>
                   and
                   <strong>
                    “last place,”
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     you’d be right
                    </strong>
                   </a>
                   , according to US Vice President JD Vance, who put it at $14 billion,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     far below previous estimates
                    </strong>
                   </a>
                   and also lower than
                   <strong>
                    Reddit
                   </strong>
                   ,
                   <strong>
                    Pinterest
                   </strong>
                   ,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     and even Snapchat
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:20px">
                   US stocks shook off their midweek slump with a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     strong finish on Friday
                    </strong>
                   </a>
                   , as the S&amp;P 500 notched a 0.6% gain, the Nasdaq 100 rose 0.4%, and the Russell 2000 outperformed with a nearly 1% gain. However, the benchmark US stock index posted a negative week, as was
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     prophesied by the calendar
                    </strong>
                   </a>
                   .
                   <strong>
                   </strong>
                  </p>
                  <p style="margin:0">
                   🧠 Test your knowledge on recent Snacks stories with our Snacks Seven Quiz. Here’s a sample question:
                  </p>
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                  <ul style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Which Apple product sold 1 million units the fastest?
                    <br/>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Check your answer.
                     </strong>
                    </a>
                   </li>
                  </ul>
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                     CRAZY ROBOTAXI
                    </strong>
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Wall Street enthusiasm for robotaxis is downright frothy. Which company will win?
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
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                  <p style="margin:0;margin-bottom:20px">
                   Last week, Wedbush Securities analyst Dan Ives
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     raised his price target for Tesla to a Wall Street high of $600
                    </strong>
                   </a>
                   ,
                   <strong>
                   </strong>
                   up from $500, “to reflect our view that an accelerated AI path for the company is now on the horizon and investors are underestimating the transformation underway at the company.”
                  </p>
                  <p style="margin:0;margin-bottom:20px">
                   Tesla’s bull case has always rested on the automation element of its business, the opportunity to get in on a company that can turn cars and electricity into a money machine that overhauls the transportation industry of the country, if not the world.
                  </p>
                  <p style="margin:0">
                   But as we know, it’s not exactly alone in the robotaxi quest, as there are
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     dozens of other contenders
                    </strong>
                   </a>
                   angling for a slice of that pie. But from another perspective, Tesla
                   <em>
                    is
                   </em>
                   alone in that robotaxi quest because it hasn’t forged the kinds of partnerships that have
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     defined the rest of the robotaxi sector
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
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                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The other leaders in the robotaxi space, including
                    <strong>
                     Uber
                    </strong>
                    ,
                    <strong>
                     Lyft
                    </strong>
                    , and
                    <strong>
                     Google
                    </strong>
                    ’s Waymo, are relying on relationships with other companies — autonomous tech outfits, vehicle makers, fleet managers — to help furnish grand ambitions of driving Americans around autonomously.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Waymo has partnered with
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Uber
                     </strong>
                    </a>
                    and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Lyft
                     </strong>
                    </a>
                    in different markets to manage their fleets or use their existing ride-hailing platforms. Waymo, which also has its own ride platform, Waymo One, creates much of its autonomous tech in-house. It adds that tech to vehicles made by Jaguar Land Rover and Zeekr.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    In April, Volkswagen and Uber announced a long-term partnership, with service planned to begin next year in Los Angeles. This month, the first vehicle (
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      of 20,000
                     </strong>
                    </a>
                    ) from Uber’s partnership with luxury EV maker
                    <strong>
                     Lucid
                    </strong>
                    was delivered to the autonomous tech maker Nuro.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0">
                   These relationships — between tech companies, automakers, ride-hailing platforms, and even car rental giants (did you know Avis will manage Waymo’s Dallas fleet?) — reveal
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a deeply interconnected yet competitive industry
                    </strong>
                   </a>
                   : dog-eat-dog, dog-help-dog, dog-help-dog-eat-dog, and so on.
                  </p>
                 </div>
                </td>
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         </td>
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                 <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>
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                  <p style="margin:0">
                   Currently, Waymo is the biggest robotaxi operation in the US, with more than
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     2,000 vehicles in service
                    </strong>
                   </a>
                   . But autonomous companies and their boosters have much bigger ambitions. Waymo aims to be “the world’s most trusted driver.” Tesla CEO Elon Musk, meanwhile, has
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     said
                    </strong>
                   </a>
                   he expects autonomous ride-hailing to be available to “half the population of the US by the end of the year” and believes that Tesla will achieve
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     99% market share
                    </strong>
                   </a>
                   .
                  </p>
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                     Presented by State Street Investment Management
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                   Get a head start on investing for the future and turn today’s money into tomorrow’s wealth.
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                   Every day, millions of investors are building towards their goals with
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                   - the only ETF that tracks the Dow.
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                   , you get 30 US blue-chip stocks in a single trade. The mega-caps that comprise the Dow Jones Index offer exposure to 172 countries and 160 different industries.
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                  Stories we’re obsessed with
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                      The AI infrastructure debate is heating up
                     </strong>
                    </a>
                    <a style="text-decoration: underline; color: #5869ff;">
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                      .
                     </strong>
                    </a>
                    Multiple gargantuan, multibillion-dollar data center projects were announced last week, which
                    <strong>
                    </strong>
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                     <strong>
                      some skeptics
                     </strong>
                    </a>
                    warn may be “a tremendous amount of capital destruction,” while AI evangelists like Sam Altman think the build-out could be too slow. Whatever side you fall on,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      one thing is clear
                     </strong>
                    </a>
                    : this AI spending is about to outpace the
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      billions spent on all
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    private office space construction.
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                      Eli Lilly just showed the world how to outfox the tariff chaos.
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    Most European drugmakers have announced some sort of investment in the US since President Trump’s tariff threats began earlier this year, so his latest announcement appears largely toothless. But
                    <strong>
                     Eli Lilly
                    </strong>
                    seems to have successfully front-run any possible tariff trouble,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      based on this chart tracking its imports from Ireland
                     </strong>
                    </a>
                    , where its most lucrative drugs are made.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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                  <!--[if mso]>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
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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">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    We’re still in the “early innings” of the AI game
                   </strong>
                  </a>
                 </h1>
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              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-8" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   Sherwood News Senior Markets Correspondent Matt Phillips interviewed Citi US equity strategist Scott Chronert on high market valuations, why the AI effect may have room to run, and the bifurcation of the market into AI and traditional drivers.
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Check out one market expert’s POV on the expensive market.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
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              <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%">
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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;">
                   What else we're Snackin'
                  </span>
                 </h1>
                </td>
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              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-2" 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 style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Nike
                    </strong>
                    , trying to break out of its funk, unveiled its
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      high-stakes collab
                     </strong>
                    </a>
                    with Kim Kardashian’s
                    <strong>
                     Skims
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Not wanting to be left out of the celeb collab game,
                    <strong>
                     Crocs
                    </strong>
                    ran up on news it was featuring Sydney Sweeney in
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a new campaign
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     GameStop
                    </strong>
                    jumped on promotions for the North American launch of the Mega Evolution set of the
                    <strong>
                     “
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Pokémon Trading Card Game
                     </strong>
                    </a>
                    <strong>
                     ”
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    But that’s nothing compared to the spike
                    <strong>
                     EA
                    </strong>
                    saw on a report it’s nearing a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $50 billion deal to go private
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The FAA is expected to ease the safety check process on planes, which was
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      good news for Boeing
                     </strong>
                    </a>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     Uber
                    </strong>
                    expects a whopping
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $12.5 billion in revenue
                     </strong>
                    </a>
                    from non-restaurant deliveries by the end of the year
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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             </td>
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           </tbody>
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         </td>
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       </tbody>
      </table>
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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>
                     Semicolons are Americans’ least used punctuation marks.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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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;">
                   This Week
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Monday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Carnival
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Tuesday:
                    </strong>
                    September consumer confidence, August job openings. Earnings expected from
                    <strong>
                     Nike
                    </strong>
                    and
                    <strong>
                     Lamb Weston Holdings
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Wednesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Conagra
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Thursday:
                    </strong>
                    August factory orders
                    <strong>
                    </strong>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     Friday:
                    </strong>
                    September jobs report
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                  <p style="margin:0">
                   <em>
                    Correction: In Friday’s Snacks, we mistakenly linked a story about
                   </em>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     <em>
                      Amazon’s FTC Prime case settlement
                     </em>
                    </strong>
                   </a>
                   <em>
                    to the incorrect link. We regret the error.
                   </em>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:11px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:left;mso-line-height-alt:13px">
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    State Street Investment Management Disclosure
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
                   </strong>
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    <strong>
                     www.ssga.com
                    </strong>
                   </a>
                   <strong>
                    . Read it carefully.
                   </strong>
                   Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Investment Management Funds Distributors, LLC (marketing agent).
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    <strong>
                     State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
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          </table>
         </td>
        </tr>
       </tbody>
      </table>
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