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   Daily Brew // Morning Brew // Update
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     Italian automaker’s first EV was panned...
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             May 27, 2026
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              <strong style="color:#000">
               Hey hey hey.
              </strong>
              Mainstream movies are more likely to star an actor named Chris or a talking animal than a woman over 60, according to a
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               new study
              </a>
              by Age Without Limits, a group seeking to improve representation of older women in Hollywood.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Here’s a free idea: Greenlight a reboot to
              <em>
               The
              </em>
              <em>
               Expendables
              </em>
              with the cast of
              <em>
               80 for Brady
              </em>
              instead of another Garfield voiced by Chris Pratt.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <em>
               —Molly Liebergall, Sam Klebanov, Matty Merritt, Adam Epstein
              </em>
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               In today’s newsletter,
              </strong>
              we’ll get into:
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             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Ferrari’s first EV underwhelming
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Rising beef prices forcing BBQ joints to close
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The new indie horror movie breaking the box office
               </span>
              </li>
             </ul>
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            <!-- Nasdaq -->
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                  Nasdaq
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                  26,656.18
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +1.19%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODc5OTI4fQ:1wSAet:Y3X-3ctNWV0vITzSkeJRHT-scUBgaE3KcXFGeElNWdQ" 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">
                  7,519.12
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.61%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
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                </td>
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                  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">
                  50,461.68
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.23%
                    </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwMTE0fQ:1wSAet:z9SOs8fHODlPsqEAQUtM1G6J3XbiLq-jORDrLCkWouY" 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">
                  4.493%
                 </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">
                     -6.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwMjM0Mn0:1wSAet:-YnP5nfYrWA2LoAqQzxxRALDYPN2t5yh0tSwHDha8yA" 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">
                  $75,982.68
                 </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">
                     -1.58%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- MSG Sports -->
            <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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwMzU5NH0:1wSAet:yc5MYUslyw9W6QliT-T_8rUuFgpnMwERUjRe6c27-ao" 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">
                  MSG Sports
                 </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">
                  $366.34
                 </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">
                     +3.52%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END MSG Sports -->
            <!-- 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwNDU5OH0:1wSAet:v5D_-hCVK3dx5F4ZNK_KWn2axVabDPnebwnxSy20Qew" 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">
                  swung up
                 </a>
                </span>
                <span>
                 yesterday as an AI-driven rally in tech powered through anxiety about the conflict in Iran. Meanwhile, MSG Sports rallied to a new record yesterday after the New York Knicks clinched a spot in the NBA Finals, which, if you’re younger than 27, is the first time you’ve seen those words in your lifetime.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
             </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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          <div class="tag-container" style="padding:15px 15px 0">
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            COME SI DICE “FLOP”?
           </p>
          </div>
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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">
                 Ferrari unveils its first EV to resounding criticism
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Ferrari Luce" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-26%252Fimage-c2aa3c355a14eea71bd9a9f6f8bb57eb5c0e9d3d-1581x1054-jpg%252FMBD-FerrariLuce-0526.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwNjA2Mn0:1wSAet:tdyySIpXiDrHwugO4__rX0YZf9m8IeFWGuXKGFtHeSU" 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>
                  Ferrari
                 </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">
                 Despite designing its debut electric vehicle to be especially aerodynamic, Ferrari is still facing plenty of drag on its new car. The luxury carmaker’s stock shed 5% yesterday after the company
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  launched
                 </a>
                 the Luce, its highly anticipated EV that dares to ask, “What if we put the Ferrari logo on a Nissan Leaf?”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 That’s
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  one
                 </a>
                 of many negative comparisons circling the Luce, which costs ~$640,000 and was co-designed (inside and outside) by former Apple design chief Jony Ive. If you parked it next to any other Ferrari, the pair might resemble that movie where Arnold Schwarzenegger and Danny DeVito play twins:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Luce’s focal point is a shell-like windscreen that appears to extend to the car’s nose, reducing air resistance.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   It’s also Ferrari’s first five-seater: The car is branded as “the most comfortable Ferrari ever,” marking a family-friendly departure.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Luce mimics Ferrari’s signature engine rev by amplifying the electric motor’s vibrations. Ferrari says it gets 329 miles per full charge—more than many affordable EVs.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  “We risk destroying a legend,”
                 </strong>
                 former Ferrari boss Luca Cordero di Montezemolo, who chaired the company from 1991 to 2014,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Reviews of the design range from “unlike that of any other Ferrari,” via
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Car and Driver
                 </a>
                 , to a “soulless robotaxi,” per
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  autoevolution
                 </a>
                 , to downright ugly, via countless social media users. Some Ferrari fans may think the carmaker’s EV dilutes its “supercar brand,” a Morningstar analyst told CNBC.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The Luce’s interior, which had already been
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  partially
                 </a>
                 revealed, was
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  better received
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 This might be Ferrari’s biggest swing ever
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 And it comes at a time when weakening EV demand has led Lamborghini, Porsche, Mercedes-Benz, and Bentley to delay their own electric plans.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Ferrari’s bet:
                 </strong>
                 The Luce could impress wealthy families, technologically enthused younger generations, and drivers in China, where EVs are still popular (and petrol cars are heavily taxed).
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Though initial reactions suggest a whiff,
                 </strong>
                 analysts are waiting to see how long (or short) the Luce’s waitlist will be. Orders open this week.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwNzA2NX0:1wSAet:MAuNWALzSltRMwFI1Uz-MiUMk5cW3KfiXTCw5dxJQ1A" style="width:25px;display:inline-block" width="25"/>
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgwODAwMn0:1wSAet:PjbIfyzzMG6h17bkfMg7_A98ybB4-N0YyxIN0G7Twt4" style="width:25px;display:inline-block" width="25"/>
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      <!-- STORY ARTICLE -->
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            Sponsored By PGIM
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            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              One credit continuum, one partner
             </strong>
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              Investment opportunities are growing across public and private credit. PGIM’s insights hub,
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               The Credit Continuum
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              , showcases PGIM’s latest views and convictions, informed by nearly 150 years of credit investing experience.
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              The evolution of credit markets is changing how capital is allocated. Private credit is a
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               broad and differentiated opportunity set
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              that encompasses direct lending, private ABF, credit secondaries, infrastructure debt, and other strategies, offering investors a wider range of options when constructing portfolios.
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              When
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               market stress tests resilience and reveals risk
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              , investors need a consistent process to evaluate allocation choices across the continuum. PGIM’s underwriting standards, credit expertise, and disciplined approach to risk management are designed to support investment decision-making across varying market environments.
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            WORLD
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                 Tour de headlines
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              <img alt="Iranians gather outside the Imam Khomeini Mosalla Mosque during an event to commemorate those killed in the current US-Israeli war" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-26%252Fimage-5e9d03c12f5506cfeca48b3a9ab5ae509927c37d-5000x3334-jpg%252FGettyImages-2277990916.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzk4NzQ0NzkuODgxMTg2NX0:1wSAet:aq9mg8nJJhWzI8xW6URjgdBPIAsOf-Ap15ehNW-c_t4" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-iran_1f1ee-1f1f7.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgxMjgwMn0:1wSAet:eNFUoHn_A9rqqMd0vnhHUW3t-v1cxcpCgdrrt2AtXo8" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Iran threatens to retaliate after US strikes.
                 </strong>
                 The Islamic Revolutionary Guard Corps said it has a right to a “
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reciprocal response
                 </a>
                 ” after the US conducted what it said were defensive strikes on Iranian sites and boats yesterday. Iran’s warning comes as the two countries reportedly work toward a peace deal, though disputes over language are holding things up, CNN reported. Meanwhile, Iran reportedly restored some internet access following a monthslong blackout that began after the US and Israel attacked the country on Feb. 28. President Trump is expected to convene a Cabinet meeting today amid the talks with Iran.
                </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%252Ffuel-pump_26fd.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgxMzg3N30:1wSAet:VsMpUbo-G6aWan9gCs9C3SrQJHH4i6e6OBv8pf-Gtxs" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  BP ousts chairman over “serious” conduct concerns.
                 </strong>
                 The board of British energy powerhouse BP
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  fired
                 </a>
                 Chairman Albert Manifold yesterday, just months into the job. The reasons for Manifold’s dismissal were manifold: “The board has been surprised and disappointed to learn of governance oversight and conduct issues it deems unacceptable and has taken decisive action,” Amanda Blanc, senior independent director at BP, said in a statement. The ouster comes as BP pivots away from renewable energy and doubles down on its core business of fossil fuels.
                </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%252Fsyringe_1f489.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgxNDk3Nn0:1wSAet:qvYohnU8-WZTEefgfFjR5IY5vy7Eh6RDn7as6gN0u10" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Eli Lilly acquires trio of vaccine makers for nearly $4 billion.
                 </strong>
                 The pharma giant, which has soared in recent years thanks to its weight loss drugs,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  agreed to buy
                 </a>
                 Curevo, LimmaTech Biologics, and Vaccine Company, the Wall Street Journal reported. Curevo is developing a shingles vaccine, while LimmaTech is making vaccines against bacterial pathogens and the aptly named Vaccine Company is producing vaccines against Epstein-Barr virus. It continues a buying spree for Lilly, which has recently expanded its portfolio to include drugs that treat cancer, sleep disorders, and autoimmune diseases.
                 <em>
                  —AE
                 </em>
                </p>
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            COOKED
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                 Beef prices drive iconic Texas BBQ joints to closure
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                  Niv Bavarsky
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                 Everything is bigger in Texas, including the cultural damage from rising beef prices. Storied barbecue pits across the Lone Star State are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  shuttering
                 </a>
                 , squeezed by the skyrocketing cost of their culinary touchstone, brisket, the Washington Post reported yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Droughts reducing the US cattle herd to its smallest size in 75 years and tariffs on imported beef have been blamed for the Texas barbecue crown jewel starting to cost as much as actual gems. The retail price of the cut was up 32% this month from last year, according to the USDA.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Brisket bust
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Those rising beef costs are reducing brisket margins, creating an existential crisis for the purveyors of the state’s signature smoky treat:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Higher costs were partially responsible for the recent closure of Kirby’s BBQ, a Houston-area destination for oak-smoked brisket. They also claimed staple spots Brett’s BBQ Shop and Sabar BBQ.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The award-winning BBQ restaurant Burnt Bean Co. told the WaPo that it’s in “survival mode” despite lines out the door. It’s considering serving brisket only once a week.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 One Texan pit master said he worries the beef crunch will reduce the regional variety of the state’s brisket scene.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Meanwhile…
                 </strong>
                 the US Justice Department and Texas are investigating four meatpacking giants—which control 85% of the US beef market—over allegations of anti-competitive practices that hurt ranchers and retailers.
                 <em>
                  —SK
                 </em>
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            Sponsored By Cytonics
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               They’re challenging Big Pharma at a $560b+ game.
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              Big Pharma companies spent billions trying to cure osteoarthritis, a $560b+ global market. But
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               an upstart biotech called Cytonics
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              may have actually done it. They’ve already completed phase 1 trials. Now they’re gearing up for a phase 1a/2b study, a key biotech valuation multiplier when successful.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest in Cytonics before they begin the next phase of clinical trials
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              .
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            SCARY GOOD DEAL
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                  Focus Features
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 If we told you that you could earn 100 times your investment in just over a week, you’d flag this email for phishing. The indie horror film
                 <em>
                  Obsession
                 </em>
                 —made for just $750,000 in 20 days by 26-year-old filmmaker Curry Barker—reeled in an estimated
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $79.7 million
                 </a>
                 in its first two weekends in theaters, according to Box Office Mojo.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Like a well-timed jumpscare, the wildest record that
                 <em>
                  Obsession
                 </em>
                 broke was completely unexpected. The micro-budget movie actually made
                 <em>
                  more
                 </em>
                 money its second weekend, with ticket sales jumping by 39% compared with its opening weekend. That’s a rare feat for any film, but had never happened for a wide-release horror movie.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Where did this come from?
                 </strong>
                 Barker rose to fame as a YouTuber making horror and comedy videos, like the fan-favorite
                 <em>
                  Milk &amp; Serial
                 </em>
                 in 2024. He debuted
                 <em>
                  Obsession
                 </em>
                 at the Toronto International Film Festival last year, where a bidding war culminated in Focus Features paying $15 million for the rights. Inde Navarrette is earning raves for her unhinged performance as a young woman forced into falling in love with a guy through supernatural means.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 <em>
                  Obsession
                 </em>
                 is just the latest hit horror movie made by a filmmaker who rose to fame online after Mark “Markiplier” Fischbach and Danny and Michael Philippou. The trend is set to continue this weekend, when YouTuber Kane Parsons’s
                 <em>
                  Backrooms
                 </em>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  could break
                 </a>
                 A24’s opening weekend record.—
                 <em>
                  MM
                 </em>
                </p>
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            READER POLL
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                   Have you seen
                   <em>
                    Obsession
                   </em>
                   ?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, and it rocked.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, but I was underwhelmed.
                  <br/>
                 </a>
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                  No, but I want to.
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, I’m a scaredy cat.
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                 </a>
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            SAM’S STOCK OF THE WEEK
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Micron joins the $1t club
                </a>
               </p>
              </div>
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              <img alt="The Micron logo is seen displayed at the 8th China International Import Expo." src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-03-19%252Fimage-3ad93bf81404c96942133ebbe3b8ba701a67fcae-3000x2000-jpg%252FMKT-Micron-GettyImages-0326.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzk4NzQ0NzkuODgyNTAxMX0:1wSAet:FZDyBmUGoxZZLzI_F2iAg9HxePAFIAZL33CxzrIobPc" style="width:100%;max-width:670px;display:block" width="670"/>
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                  SOPA Images/Getty Images
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                 <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">
                 The Idaho-based non-potato chipmaker Micron saw its market cap
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  surpass $1 trillion
                 </a>
                 for the first time yesterday, after UBS nearly tripled its target price, arguing that the AI buildout has created sustained demand for Micron’s computer chips. The company’s shares closed up 19% yesterday:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   UBS said the stock could rise to $1,625, up from its previous target of $535.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Reaching that mark would make it the 7th largest US company by market cap, just behind fellow chipmaker Broadcom and ahead of Tesla, Meta, and Berkshire Hathaway.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The stock has spent the past 12 months in rally mode, as tech giants racing to build AI data centers are increasingly willing to pay higher prices for Micron’s chips. Someone who bought Micron shares a year ago has grown their investment more than ninefold.
                 <em>
                  —SK
                 </em>
                </p>
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            Sponsored By iHerb
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               exactly
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              what you’re putting in your body. That’s why iHerb sources their
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            NEWS
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                 What else is brewing
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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">
                    Ken Paxton
                   </a>
                  </span>
                  <span>
                   defeated incumbent Sen. John Cornyn in the Texas Republican Senate primary runoff, setting up a clash with Democratic nominee James Talarico in November.
                  </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">
                    A chemical tank
                   </a>
                  </span>
                  <span>
                   exploded at a pulp and paper mill in Washington yesterday, killing at least one worker and leaving several others missing or injured.
                  </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">
                    US consumer confidence
                   </a>
                  </span>
                  <span>
                   fell this month amid worries over inflation and the high cost of living, according to The Conference Board.
                  </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">
                    Uber’s COO
                   </a>
                  </span>
                  <span>
                   said in an interview that it’s becoming harder for the company to justify its soaring AI costs.
                  </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">
                    South Carolina
                   </a>
                  </span>
                  <span>
                   rejected President Trump’s call to redraw the congressional map to make it more favorable for Republicans ahead of the midterms this fall, while a federal court blocked Alabama from doing the same.
                  </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">
                    Dropbox CEO Drew Houston
                   </a>
                  </span>
                  <span>
                   is stepping down after 19 years at the helm of the platform where you’ve had a folder called “Taxes” that you haven’t updated since 2017.
                  </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">
                    A heat wave
                   </a>
                  </span>
                  <span>
                   across Europe has been reportedly linked to at least 12 deaths in France and the UK, authorities said.
                  </span>
                 </li>
                </ul>
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            RECS
           </p>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzk4NzQ0NzkuODgyNzQ0OH0:1wSAet:a_LoQMHA53VH6Hd-QkU09TzI41GkK4gc_D9SiDG9Ep4" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
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                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgyODM1fQ:1wSAet:kZdetAXR5s4MIOoWePpqds2RZaPoOG3TdRDryNIyqrE" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Freeze:
                  </strong>
                  Make cute cocktails on the rocks with these kitten-shaped
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   ice molds
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgyOTIyMn0:1wSAet:j5pCA9nokOj7QvZ5_DuOXuHAGyxw-o8bxA7-S5vRVeo" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Dance:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   health benefits
                  </a>
                  of dancing as you age.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzMDQzfQ:1wSAet:-wgWzsOq2d04RiqISp2Rwq-R8paRwsVzrAvuUcP57XA" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Sleep:
                  </strong>
                  This is the ideal
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   temperature range
                  </a>
                  for good sleep, per one expert.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzMTQwNn0:1wSAet:DFbE6XKdzZjx5B_Kw8Eblksf812kRS5jgJrifqtLY8o" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Chow:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   best breakfast
                  </a>
                  in every state.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzMjMxfQ:1wSAet:DKaJo9KIhLRP3BQL4isq2fQ9aQzksHI2qvFgSNVvb8A" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Balancing act:
                  </strong>
                  Prioritizing growth + avoiding burnout isn’t easy when
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   you are your brand
                  </a>
                  . Les Alfred spoke to
                  <em>
                   BOSSY
                  </em>
                  about
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   building a business around the life you want
                  </a>
                  . Presented by AT&amp;T Business.*
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzMzI0fQ:1wSAet:DpxV_CtB8Rva6wvU8ee_pw92oOyxJMqBobjUf169hO0" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Talk to an expert:
                  </strong>
                  Here’s how trusted partners can keep your
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   financial goals on track
                  </a>
                  . Sponsored by
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   New York Life
                  </a>
                  .*
                 </p>
                 <placementslot data-id="4122e48a8e04">
                 </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>
               </td>
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            </td>
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          </table>
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            PLAY
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzNDUxfQ:1wSAet:1iyvY3NIaBtQ1gBxAaQ_CRGnjtP0QVJix_rlOTs71dU" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
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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>
                 Morning, campers. This week’s puzzle about outdoor gear is for you.
                 <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">
                 Sunscreen trivia
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today is National Sunscreen Day, which raises the question: Do you know what SPF stands for?
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       </table>
       <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
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            SHARE THE BREW
           </p>
          </div>
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           <tr>
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               <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzk4NzQ0NzkuODgzNTYxNH0:1wSAet:xFK7Wny-p1KFKGdMXYwhYjMLyVZIe5Pu0QJ7rglWmAE" 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 ]><! -- -->
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      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
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            ANSWER
           </p>
          </div>
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           <tr>
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              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Sun Protection Factor
                </p>
                <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: manifold, meaning “having many and various forms.” Thanks to Rob from Alabama 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>
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             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✳︎ A Note From Cytonics
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This is a paid advertisement for Cytonics’ Regulation CF offering. Please read the offering circular at
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                https://cytonics.com/
               </a>
               .
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Forward-looking statements are subject to risks and uncertainties. There is no guarantee of performance. Past performance does not predict future results. All investments involve risk, including loss of principal.
              </p>
             </span>
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