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   In our gaming special edition, we discuss how EA’s $55 billion megadeal will ripple across the gaming industry and cause its “black holes” to get even bigger.
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                   Hey Snackers,
                  </span>
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                  <p style="margin:0;margin-bottom:16px">
                   Ah, October, the month of pumpkin spice everything, spooktacular events, leaf peeping, and …
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Xbox price hikes
                    </strong>
                   </a>
                   ? Not to frighten you, but not only did the price of the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Xbox console rise last Friday
                    </strong>
                   </a>
                   , but
                   <strong>
                    Microsoft
                   </strong>
                   announced it’s
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     hiking prices by 50% for its GamePass
                    </strong>
                   </a>
                   subscription, going from $20 to $30 a month. There is some non-scary news on the horizon, though: for people willing to watch ads, Xbox is internally testing out a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     free, ad-supported XBox cloud gaming option
                    </strong>
                   </a>
                   ahead of a public release.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   The S&amp;P 500 just barely cinched a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     third consecutive all-time highest close
                    </strong>
                   </a>
                   on Friday despite five of the Magnificent 7 stocks trading lower. The Russell 2000 also rallied to a new all-time high, but tech dragged the Nasdaq 100 lower. Notably, call volumes for US equity and index options exceeded 52.4 million as of market close on Friday, setting a new daily record.
                  </p>
                  <p style="margin:0">
                   🎮 To kick off our gaming special edition, see if you can answer this question:
                  </p>
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                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li style="Margin:0 0 8px 0">
                    What is the bestselling video game of all time?
                    <br/>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Check your answer.
                     </strong>
                    </a>
                   </li>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     BIGGER GAMES
                    </strong>
                   </span>
                  </span>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    EA’s $55 billion megadeal will ripple across the gaming industry and cause its “black holes” to get even bigger
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Electronic Arts
                   </strong>
                   , the video game giant behind mainstays like “Madden NFL” and “The Sims,” agreed to a blockbuster leveraged buyout (LBO) last week — the largest in history, at
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     $55 billion
                    </strong>
                   </a>
                   . The group buying EA includes Saudi Arabia’s sovereign wealth fund, PIF, along with private equity firms Silver Lake and Jared Kushner’s Affinity Partners. To cover the interest payments, EA will likely have to
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     find more revenue and cut costs
                    </strong>
                   </a>
                   , moves straight out of private equity’s LBO playbook.
                  </p>
                  <p style="margin:0">
                   To put it another way: we’re likely to see more
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     ads
                    </strong>
                   </a>
                   , more
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     layoffs
                    </strong>
                   </a>
                   , and higher prices from EA.
                  </p>
                 </div>
                </td>
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                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Some parties involved in the deal expect that to pay off its newfound debts, the company will boost its profits in the coming years by replacing the work of some voice actors, developers, and testers with AI, the Financial Times
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      reported
                     </strong>
                    </a>
                    .
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Bigger anchor games, which some in the industry refer to as
                    <strong>
                     “black hole games”
                    </strong>
                    for their ability to dwarf competition and consume millions of players’ entire gaming appetites, have become
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a holy grail
                     </strong>
                    </a>
                    for major publishers in recent years.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    As juggernauts battle it out for attention, smaller new games struggle to compete on the ground level. The number of new Steam games that grossed at least $100,000
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      was smaller in 2024 than in 2016
                     </strong>
                    </a>
                    , while the number of game releases surged 300% and user numbers grew 250%.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    EA’s immediate future will likely be one focused even more on big revenue-generating titles like “EA Sports FC,” “Madden NFL,” and “Apex Legends” — a move that’s been seen in PIF’s other major gaming acquisition, Scopely, which in March
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      bought
                     </strong>
                    </a>
                    the studio behind “Pokémon Go” for $3.5 billion.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
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                  <p style="margin:0">
                   After the EA deal closes, which is expected during its fiscal first quarter next year, it won’t have to worry about the prying eyes of public investors. But it will have to worry about a mountain of debt.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                  <p style="margin:0;margin-bottom:16px">
                   A
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     2019 study
                    </strong>
                   </a>
                   by researchers at California State Polytechnic University found that 20% of publicly traded companies taken private through LBOs went bankrupt within a decade, compared to the control group’s 2% bankruptcy rate.
                  </p>
                  <p style="margin:0">
                   Of course, the deal could just as easily become a slam dunk from a business sense, given the financial strength of EA’s buyers, particularly the Saudi PIF, which controlled nearly
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     $1 trillion
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   in assets last year. That fortune could boost EA’s marketing budget, elevating sales — so there’s a chance that EA’s debt may not be as much of a concern.
                  </p>
                 </div>
                </td>
               </tr>
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                      Go deeper
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                  </a>
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                    <strong>
                     WIN CONDITION
                    </strong>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    “Magic: The Gathering” is just the tip of a $1 billion digital iceberg
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
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              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Hasbro
                   </strong>
                   , known for beloved toys from Mr. Potato Head to G.I. Joe to My Little Pony, just celebrated its 100th birthday. But now the company is in the midst of a dramatic transition that may change the historic brand from a “toy and game company” to a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     <em>
                      game and toy company
                     </em>
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   There’s a good reason for the pivot:
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    In July, the company reported a year-to-date decline in adjusted revenues for its Consumer Products division (read: toys) of about
                    <strong>
                     16%
                    </strong>
                    .
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Meanwhile, Hasbro’s gaming division — Wizards &amp; Digital — is absolutely crushing it, with a total revenue
                    <strong>
                     increase
                    </strong>
                    <strong>
                     of
                    </strong>
                    <strong>
                     28%
                    </strong>
                    year to date, driven by hit trading card game
                    <strong>
                     “
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Magic: The Gathering
                     </strong>
                    </a>
                    <strong>
                     .”
                    </strong>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    And Wizards &amp; Digital has even more cards up its sleeve, specifically a massive strategic investment in four high-end
                    <strong>
                     video game studios
                    </strong>
                    , which represents something along the lines of a
                    <strong>
                     $1 billion play
                    </strong>
                    .
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   “Magic: The Gathering” has continued to grow with its Universes Beyond sets, which expand the game so players can pit traditional in-universe characters against those from “The Lord of the Rings,” “Doctor Who,” or even “Spider-Man.” While the onslaught of new characters may have caused fatigue for some players, it’s been a big win for Hasbro: a set from this year, based on the popular “Final Fantasy” video games, sold more than $200 million of product
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     in a single day
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   The company’s gamble on internally produced digital games is much less mature. Its licensed games have so far been a huge success, but all eyes are on its
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     four internal studios
                    </strong>
                   </a>
                   , especially with the big AAA offering “Exodus” in the works.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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       <tbody>
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                  <p style="margin:0">
                   If even one of these new video games is a hit with its intended audience, it could be the start of big things for Hasbro’s gaming ambitions. “Exodus” looks quite different than Mr. Potato Head, but with the potential for
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     tens of millions of unit sales
                    </strong>
                   </a>
                   as an ongoing franchise, it certainly holds a lot of potential.
                  </p>
                 </div>
                </td>
               </tr>
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                      Read more
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                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
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                 </div>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    The gamification of our workouts is going to court
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   A few of us at Sherwood News are runners, and we try not to be the annoying friend who never stops talking about PRs, but we wear
                   <strong>
                    Garmins
                   </strong>
                   on our wrists and may mention that we crushed a
                   <strong>
                    Strava
                   </strong>
                   segment if asked about our weekends. The two companies’ platforms share a lot of integrations, but Strava is done playing nice and has filed a suit against Garmin accusing it of
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     infringing on its patents
                    </strong>
                   </a>
                   . Time will tell who’ll be KOR/QOR in court, but Garmin at least has other hardware in its portfolio.
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Garmin’s planes, dog training, and automobiles
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:25px;padding-top:25px">
                 <div align="center" class="alignment">
                  <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                <td class="pad" style="padding-bottom:10px;text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   What else we're Snackin'
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Roblox
                    </strong>
                    had a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      rough Friday
                     </strong>
                    </a>
                    as the options market turned against it following a report about slowing growth
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     GameStop
                    </strong>
                    also entered the weekend on a sour note as traders worried a new SEC filing could lead to
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      shareholder dilution
                     </strong>
                    </a>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    The PlayStation
                    <strong>
                    </strong>
                    is turning 30 (!) this year, and there’s a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      pricey coffee table book coming out
                     </strong>
                    </a>
                    to celebrate it
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                 <div align="center" class="alignment">
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                   <tr>
                    <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                     <span style="word-break: break-word;">
                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Snack Fact of the Day
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
                 <div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #ffffff;">
                    <strong>
                     Sony’s PlayStation 2 is the bestselling video game console of all time.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                     <span style="word-break: break-word;">
                     </span>
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                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   This Week
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Monday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Constellation Brands
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Tuesday:
                    </strong>
                    Earnings expected from
                    <strong>
                     McCormick
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Wednesday:
                    </strong>
                    Minutes from the Fed’s September meeting
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Thursday:
                    </strong>
                    Earnings expected from
                    <strong>
                     Delta, PepsiCo, Tilray,
                    </strong>
                    and
                    <strong>
                     Levi Strauss
                    </strong>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     Friday:
                    </strong>
                    Preliminary October University of Michigan Consumer Sentiment
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-14" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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