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                               <td colspan="2" style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 18px; letter-spacing: -1px; line-height: 120%; padding: 20px 0;">
                                Coinbase bought 3 traditional securities firms, and will soon be a regulated SEC-licensed brokerage.
                               </td>
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                                <a style="color: #000000; font-family: 'Courier New',courier,monospace; font-size: 24px; font-weight: bold; line-height: 100%; text-decoration: none;">
                                 The Hustle
                                </a>
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                                Fri, Jun 8
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                                Brought to you by
                                <a style="color: #ed4d1f; text-decoration: none;">
                                 Saucey
                                </a>
                                … a shot of the ‘good stuff’, delivered.
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                             <strong>
                              DON’T MISS OUT:
                             </strong>
                             Pre-sale for our
                             <a style="color: #ed4d1f; text-decoration: none;">
                              “Almost World Famous” tee
                             </a>
                             ends this Sunday! Get yours while the gettin’s good.
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                            <h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
                             <strong>
                              Coinbase puts on Big-Coin pants for the SEC as crypto platforms race toward regulation
                             </strong>
                            </h2>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Coinbase, the largest cryptocurrency trading platform in the US, just
                             <a style="color: #ed4d1f; text-decoration: none;">
                              bought
                             </a>
                             3 traditional securities dealers to use their licenses and become a fully regulated SEC-licensed brokerage.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Coinbase and big crypto competitors like Circle are racing to get regulated -- both to appease recently unleashed watchdogs and also to attract institutional investors that have deep pockets, but strict rules.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              With great regulation comes great profitability
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             The acquisition puts Coinbase under the strict supervision of the SEC, which recently appointed a dedicated
                             <a style="color: #ed4d1f; text-decoration: none;">
                              crypto-tamer
                             </a>
                             named Valerie Szczepanik. Previously, Coinbase was regulated only by a hodgepodge of local authorities -- meaning it could essentially do whatever it wanted.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             So why would the world’s largest crypto platforms want more oversight? The answer is in the ICO.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             ICOs, those bizarre love children of Kickstarters and IPOs, have already raised more than
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $9B
                             </a>
                             this year. Since the SEC labeled these new coins securities, the only way for Big Crypto to get a slice of this growing pie -- without arousing federal fury -- is to play by the rules.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              Now Coinbase has a license to Coin
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Currently, Coinbase -- which has
                             <a style="color: #ed4d1f; text-decoration: none;">
                              20m
                             </a>
                             customers in 33 countries -- only lists 4 coins (Bitcoin, Bitcoin Cash, Ether, and Litecoin) for exchange on its platform.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             But the company’s acquisition of 3 SEC-approved brokerages gives it all the licenses it needs to add any number of new coins to its exchange.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Plus, in addition to allowing crypto companies to list more coins, SEC-recognized licenses will also enable them to offer more services -- and expand into the multibillion-dollar world of institutional finance.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              Battle of the brokerages
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             So, to continue to benefit from the crypto community
                             <em>
                              and
                             </em>
                             take Wall Street’s cash, crypto companies are racing to put on their suits and ties.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Coinbase is doing it by acquiring existing brokerage licenses -- while competitor Circle
                             <a style="color: #ed4d1f; text-decoration: none;">
                              announced
                             </a>
                             earlier this week it would apply for them directly.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             As the race to regulation heats up, Coinbase (which has traded
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $150B
                             </a>
                             worth of coins on its platform already) has a lead on the competition thanks to its high volume of trades -- and expand-at-all-costs M&amp;A strategy.
                            </p>
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                            They grow up so fast
                           </td>
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                           <td>
                            <h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
                             <strong>
                              Starship Technologies takes delivery robots to the streets with $25m in fresh funding
                             </strong>
                            </h2>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             <em>
                              Finally,
                             </em>
                             robots that somewhat resemble R2-D2.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Starship Technologies has raised
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $25m
                             </a>
                             to bring autonomous delivery bots to the mainstream streets sooner than later.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             These 6-wheeled delivery robots can carry items like groceries or packages within a 2-mile radius of a store or restaurant, and have been deployed in 8 locations in the US and Europe thus far.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              And they just hired a new CEO
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             The London-based startup was set up in 2014 by Skype co-founders Ahti Heinla and Janus Friis. But now Heinla, who has been Starship’s CEO since the beginning, is switching roles to
                             <a style="color: #ed4d1f; text-decoration: none;">
                              make way for ex-Airbnb vet
                             </a>
                             , Lex Bayer.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             With the new funding, the company
                             <a style="color: #ed4d1f; text-decoration: none;">
                              plans
                             </a>
                             to scale up from hundreds to more than 1k robots sometime next year, as it looks to expand its operations from 2 campuses to 20.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              Speaking of expansion...
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Starship was the first out of the gate to bring autonomous delivery vehicles to market, but has since opened the door for other competition after their $17m funding round led by Daimler in 2017.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Nuro raised a whopping
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $92m
                             </a>
                             at the beginning of the year, and a new company called Boxbot recently raised
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $7.5m
                             </a>
                             , along with a permit to test autonomous vehicles with a safety driver.
                            </p>
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                                    <a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
                                     *Happy bleeps*
                                    </a>
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                            <h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
                             <strong>
                              Reorg at Ronald’s: McDonald’s looks to eliminate ‘layers’ as it plans corporate job cuts
                             </strong>
                            </h2>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             As the burger chain struggles to turn around its US business, McDonald’s Corp.
                             <a style="color: #ed4d1f; text-decoration: none;">
                              announced
                             </a>
                             their plans for a new round of layoffs to keep shrinkin’ that corporate structure.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             According to McDonald’s US prez, Chris Kempczinski, the company is restructuring offices nationwide, reducing the number of “layers” between field consultants and Chief Executive Steve Easterbrook from “8 to 6” (it’s not clear yet how many people make up each of these “layers”).
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              Cuttin’ the fluff off the top of the McFlurry
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Kempczinski says the changes will help the golden arches become more agile as Ronnie McDonnie modernizes its business model and cuts administrative expenses by
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $500m
                             </a>
                             before the end of 2019.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             People are eating healthier these days (or at least, less dollar menu-y), which means companies like McDonald’s are flushing (cash) faster that their customers after a Big Mac Meal.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             According to McDonald’s own research, only
                             <a style="color: #ed4d1f; text-decoration: none;">
                              20%
                             </a>
                             of young Americans have ever even tasted a Big Mac (which
                             <em>
                              could
                             </em>
                             factor into their sales falling 1.3% in Q4 last year).
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              McDonald’s lost 500m US orders in 5 years
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Like all fast food, Mickey D’s is
                             <a style="color: #ed4d1f; text-decoration: none;">
                              struggling
                             </a>
                             to find ways to lure customers, and more importantly, to get them to spend money once they do (despite,
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $22.8B
                             </a>
                             in sales last year).
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             One attempt at modernization are self-order kiosks, which they’re adding to
                             <a style="color: #ed4d1f; text-decoration: none;">
                              1k stores a quarter
                             </a>
                             over the next 9, after learning that people spend more money with kiosks than they do giving their order to human people.
                            </p>
                           </td>
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                               <td style="padding: 0; vertical-align: top;" valign="top">
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                                    <a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
                                     Can robots fix their ice cream machines?
                                    </a>
                                   </td>
                                  </tr>
                                 </tbody>
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                             </tbody>
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                           <td>
                            <h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
                             <strong>
                              With a new e-commerce ticketing feature, Snapchat copies its own copycat
                             </strong>
                            </h2>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Snapchat announced a partnership with SeatGeek to allow in-app ticket-buying -- an e-commerce feature that eerily resembles Instagram’s, a rival Snap has often accused of plagiarism.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Snap’s been toying with new features for months to address
                             <a style="color: #ed4d1f; text-decoration: none;">
                              declining
                             </a>
                             revenue -- but this new direct sales option is the sharpest departure from Snap’s anti-ad philosophy yet.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              “Kudos… but…” -- Instagram
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Snapchat, the first social company to feature temporary videos, was peeved when Instagram rolled out a direct ripoff of its story function -- but Instagram showed no remorse.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             “Kudos to Snapchat for being the first to Stories, but it’s a format and it’s going to be adopted widely,”
                             <a style="color: #ed4d1f; text-decoration: none;">
                              said
                             </a>
                             Kevin Weil, Instagram’s VP of product.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             <em>
                              At least they were polite about it...
                             </em>
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              Nothing in social media is certain but ads and hacks-es
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             After swiping Snapchat’s signature feature, Instagram added features to enable sales. Snap resisted these e-commerce features to prioritize creativity over commerce -- you know, for the love of the Snap.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             But after falling
                             <a style="color: #ed4d1f; text-decoration: none;">
                              $30m
                             </a>
                             short of revenue goals last year, Snap’s Captain Spiegel was ready to invite SeatGeek over for a nice steak dinner.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Snap has since rolled out in-app features to sell everything from
                             <a style="color: #ed4d1f; text-decoration: none;">
                              Jordans
                             </a>
                             to concert
                             <a style="color: #ed4d1f; text-decoration: none;">
                              seats
                             </a>
                             to copy Instagram -- which still snaps up
                             <a style="color: #ed4d1f; text-decoration: none;">
                              twice
                             </a>
                             as many in-app purchases as the ’Chat.
                            </p>
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                                    <a style="color: #000000; font-size: 12px; font-weight: bold; line-height: 21px; text-decoration: none;">
                                     Oh Snaptain! My Snaptain!
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                          <!-- START SHOWER THOUGHTS -->
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                               <td style="height: 8px;">
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                                <span>
                                 <img align="right" height="30" src="https://inboxflows.com/_/image/https%253A%252F%252Fs3-us-west-1.amazonaws.com%252Fthdaily%252Fshowerthoughts_icon.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZzMy11cy13ZXN0LSJ9:1kXPMA:x86B3RV6yHY8ztxgCvWHaPatX88Qqz50NgrffM1S46g" style="float: right; height: 30px; vertical-align: bottom; width: 30px;" width="30"/>
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                                friday shower thoughts
                               </td>
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                           <td>
                            <a style="color: #ed4d1f; text-decoration: none;">
                             <img src="https://inboxflows.com/_/image/https%253A%252F%252Fthdaily.s3-us-west-1.amazonaws.com%252Fparachute_towel_incubator_20180605171047.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0aGRhaWx5LnMzLSJ9:1kXPMA:y48WrXJZeo5IdTJZTS8gc0chyGHy1i8O0cFOnBjQfGM" style="height: auto; width: 100%;"/>
                            </a>
                           </td>
                          </tr>
                          <tr id="shower">
                           <td bgcolor="#ffffff" style="padding-bottom: 50px; padding-top: 10px;" valign="top">
                            <ol style="font-size: 16px;">
                             <li style="line-height: 120%; padding: 4px 0;">
                              You know you are good friends with someone when you can recognize their mother’s car.
                             </li>
                             <li style="line-height: 120%; padding: 4px 0;">
                              Retirement is basically summer vacation until you die.
                             </li>
                             <li style="line-height: 120%; padding: 4px 0;">
                              You can have a telepathic conversation with your reflection.
                             </li>
                             <li style="line-height: 120%; padding: 4px 0;">
                              The fact that socks work on both feet is underrated.
                             </li>
                             <li style="line-height: 120%; padding: 4px 0;">
                              When your computer overheats it freezes.
                             </li>
                             <li style="font-style: italic; line-height: 120%; list-style: none; padding: 4px 0;">
                              via
                              <a style="color: #ed4d1f; text-decoration: none;">
                               Reddit
                              </a>
                             </li>
                            </ol>
                           </td>
                          </tr>
                          <!-- END SHOWER THOUGHTS -->
                          <!-- START ADVERTORIAL -->
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                            This edition of The Hustle was brought to you by
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                            <h2 style="font-size: 26px; font-weight: bold; line-height: 120%; margin-bottom: 16px; margin-top: 36px;">
                             <strong>
                              Tonight’s party delivered in 30 minutes
                             </strong>
                            </h2>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             It’s common sense really: When the party runs dry, don’t reach for the keys.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Reach for your phone and
                             <a style="color: #ed4d1f; text-decoration: none;">
                              place a Saucey order
                             </a>
                             .
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             In two shakes of a tumbler, you’ll be fist bumping a Saucey courier at your door and cracking a frosty adult beverage with the mates.
                            </p>
                            <h4 style="font-size: 18px; font-weight: bold; margin-bottom: 8px; margin-top: 16px;">
                             <strong>
                              The “Beer Run” has evolved
                             </strong>
                            </h4>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Forget about squeezing a stressful liquor store stop in on your Friday night commute. Plan the party
                             <em>
                              and
                             </em>
                             enjoy more of your evening with a boozy delivery from
                             <a style="color: #ed4d1f; text-decoration: none;">
                              Saucey
                             </a>
                             .
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Get 30-minute delivery in SF, LA, San Diego, Sacramento, Oakland, and Chicago. And if you don’t live in those areas? No stress -- Saucey ships
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             And because Saucey knows those delivery fees and order minimums are worse than a virgin margarita with the in-laws, Saucey did away with them.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             No minimums, no delivery fees -- if you live in a 30-minute delivery city, the price you see is what you pay.
                            </p>
                            <p style="font-family: arial, sans-serif; font-size: 15px; line-height: 120%; margin: 0; padding-bottom: 12px;">
                             Like free booze? Saucey is is giving you $15 towards your first delivery -- AKA a free 6-pack of beer or a bottle of wine. Just use this
                             <a style="color: #ed4d1f; text-decoration: none;">
                              link
                             </a>
                             , download the app, and use code
                             <a style="color: #ed4d1f; text-decoration: none;">
                              THEHUSTLE
                             </a>
                             to order tonight.
                            </p>
                           </td>
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                          <!-- END ADVERTORIAL -->
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                               Now Playing:
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                               <a style="color: #ed4d1f; text-decoration: none;">
                                <strong>
                                 Yesterday, Swim Mountain
                                </strong>
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                               . Just got off the phone with the CDC — this groove is infectious.
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                               REFERRALS
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                                YOUR UNIQUE URL
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                                   <br/>
                                   Zack Crockett
                                   <br/>
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                                    NEWS WRITER
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                                   <br/>
                                   Wes Schlagenhauf
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                                    NEWS WRITER
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                                   <br/>
                                   Conor Grant
                                   <br/>
                                   <span style="font-family: 'Arial',sans-serif; font-size: 8px; font-weight: normal; letter-spacing: 1px;">
                                    NEWS WRITER
                                   </span>
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                                   <br/>
                                   Kolby Hatch
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                                    AD WRITER
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