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  <div class="sailthru-emco-preheader" style="display: none; max-height: 0px; overflow: hidden;">
   Alphabet, Google’s parent company, posted earnings Wednesday.
  </div>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Hey Snackers,
                  </span>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   Our new favorite anti-ad?
                   <strong>
                    Anthropic
                   </strong>
                   ’s ad about
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     how creepy
                    </strong>
                   </a>
                   AI chats with ads could become. The video highlights Anthropic’s recently announced policy that its Claude chatbot will remain ad-free, unlike its competitors. As Sam Altman, CEO of
                   <strong>
                    OpenAI
                   </strong>
                   — which
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     has ads
                    </strong>
                   </a>
                   — once said, ads with AI are
                   <strong>
                    “
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     uniquely unsettling
                    </strong>
                   </a>
                   <strong>
                    ,”
                   </strong>
                   as Anthropic’s
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     commercial shows
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   Stocks continued to fall amid a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     sell-off in tech
                    </strong>
                   </a>
                   yesterday. Cryptocurrencies also fell, with
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     ethereum
                    </strong>
                   </a>
                   hitting a
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     nine-month low
                    </strong>
                   </a>
                   .
                  </p>
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                    <strong>
                     AVGO, BABY
                    </strong>
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                  <a style="text-decoration: underline; color: #5869ff;" target="_self">
                   <strong>
                    Alphabet’s capex in 2026 is poised to smash expectations. Broadcom is a huge winner there
                   </strong>
                  </a>
                  <strong>
                   .
                  </strong>
                 </h1>
                </td>
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                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Alphabet
                    </strong>
                   </a>
                   released earnings yesterday, and things are
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     looking pretty solid
                    </strong>
                   </a>
                   over at the Google parent company. The search giant has been riding high following the widely praised
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     release of Gemini 3
                    </strong>
                   </a>
                   in November, as well as growing
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     enthusiasm
                    </strong>
                   </a>
                   around its lucrative tensor processing unit (TPU) semiconductor business. Prior to the earnings report, the stock was up more than 60% in the last 12 months.
                  </p>
                 </div>
                </td>
               </tr>
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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">
                    📺 YouTube’s Q4 ad revenue rose 9% to $11.4 billion.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    ☁️ Google Cloud revenue for the fourth quarter was $17.7 billion, rising 48% year over year. That’s an astonishing rate of growth.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    🔎
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      As for the golden goose?
                     </strong>
                    </a>
                    Google’s Search business brought in $63.1 billion, up 17%, and more broadly Google’s advertising revenue was $82.3 billion, a 14% increase year over year.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
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                <td class="pad" style="padding-bottom:10px">
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                  <p style="margin:0">
                   So, Alphabet’s the big winner? Nah,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Broadcom is the big winner from Alphabet’s earnings
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
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               <tr>
                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The search giant reported full-year capital expenditure to be $91.4 billion, in line with its
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      own expectations
                     </strong>
                    </a>
                    .
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    However, the company’s 2026 capex is expected to be way higher than analysts thought:
                    <strong>
                     $175 billion to $185 billion
                    </strong>
                    , versus analysts’ $115.6 billion estimate.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Those billions are going somewhere, and that somewhere is often enough
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Broadcom
                     </strong>
                    </a>
                    , the custom chip specialist behind the TPUs that Gemini is trained on.
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
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                  <p style="margin:0">
                   Alphabet’s Class C shares were up about 2% after the release of earnings, but Broadcom
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     jumped 6%
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   on the print.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
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           </tbody>
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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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                 <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">
                   Broadcom has enjoyed a halo effect from
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Google’s capex plans
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   and the
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     success of its Gemini 3 model
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   over the past year.
                  </p>
                  <p style="margin:0">
                   The custom chip designer had tumbled after its most recent earnings report, though, with some analysts attributing the decline to the
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     dearth of new customer announcements
                    </strong>
                   </a>
                   .
                   <strong>
                   </strong>
                   But who needs new customers when your current ones are opening their wallets this much?!?
                  </p>
                 </div>
                </td>
               </tr>
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                     HEY BIG SPENDERS!
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    For hyperscalers like Amazon, how much capex is too much?
                   </strong>
                  </a>
                 </h1>
                </td>
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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">
                   Investors have given the world’s tech giants a long leash when it comes to dumping hundreds of billions of dollars into their respective armadas of AI data centers. Now that
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Alphabet
                    </strong>
                   </a>
                   has reported earnings, all eyes are on
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     massive capex spender
                    </strong>
                   </a>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Amazon
                    </strong>
                   </a>
                   , which is due to report results today after market close.
                  </p>
                  <p style="margin:0">
                   How the market reacts to these numbers may go a long way toward resolving a key question that’s emerged in recent weeks: are investors growing impatient with airy executive assurances about AI dominance to come as tech companies go all in with billions of dollars of bets on the future?
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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               <tr>
                <td class="pad" style="padding-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The idea that big capex outlays now need to be paired with concrete evidence of growth has been gathering steam after hyperscalers
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Microsoft
                     </strong>
                    </a>
                    and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Meta
                     </strong>
                    </a>
                    almost simultaneously announced much larger-than-expected capex in reports last week and received
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      distinctly different feedback
                     </strong>
                    </a>
                    from the market.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Some analysts think the most important benchmarks to watch in assessing capex aren’t in the financials produced by the companies themselves, but rather
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      by their customers
                     </strong>
                    </a>
                    .
                   </li>
                   <li style="Margin:0 0 8px 0">
                    The market also seems to be getting slightly jittery about the idea that hyperscalers like Microsoft and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Oracle
                     </strong>
                    </a>
                    have been making their investments based, in part, on growing demand from privately held AI companies. One of the big disclosures in Microsoft’s earnings report was that
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      some 45% of its remaining performance obligations
                     </strong>
                    </a>
                    — a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      measure of the backlog
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    of demand for its services — was tied to
                    <strong>
                     OpenAI
                    </strong>
                    .
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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         </td>
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
               </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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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0;margin-bottom:16px">
                   Sherwood News’ Matt Phillips talked with a wealth of experts to zero in on how investors and analysts now seem to be weighing such factors, in the hopes of identifying the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     single magic data point to watch
                    </strong>
                   </a>
                   .
                   <strong>
                   </strong>
                  </p>
                  <p style="margin:0">
                   For Amazon, it’s hard to narrow down. One factor to watch: its
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     growing ties and possible investment in OpenAI
                    </strong>
                   </a>
                   . Amazon’s large
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     deal with Anthropic
                    </strong>
                   </a>
                   is another. But as one analyst said, “Ultimately, the metric we’re looking at is… what cash flow can you generate over the long term from these investments? Is it going to be enough to justify the spend or not?”
                  </p>
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<![endif]-->
                  <span class="button" style="background-color: #5869ff; mso-shading: transparent; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </td>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    With China banned, it’s a once-in-a-lifetime opportunity for Unusual Machines’ drones
                   </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">
                   In Sherwood News’
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     exclusive interview
                    </strong>
                   </a>
                   with Allan Evans, the CEO of drone component manufacturer
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Unusual Machines
                    </strong>
                   </a>
                   , Evans discusses advisory board member Donald Trump Jr., opportune regulatory conditions, and the company’s plans for next year.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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                   <!--[if mso]>
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                      Read more
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                 </div>
                </td>
               </tr>
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              <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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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <strong>
                   Snacks Shots
                  </strong>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    🏈
                    <strong>
                     NFL:
                    </strong>
                    Seattle Seahawks quarterback
                    <strong>
                    </strong>
                    Sam Darnold is the current favorite to be named the Super Bowl MVP, with markets* pricing in
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 45% shot that the former Jet wins the honor
                     </strong>
                    </a>
                    . Drake Maye, quarterback for the New England Patriots, is priced
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     🤖 Grok:
                    </strong>
                    The
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Information Commissioner’s Office
                     </strong>
                    </a>
                    in the UK opened formal investigations into
                    <strong>
                     xAI
                    </strong>
                    related to Grok’s processing of data, particularly “its potential to produce harmful sexualised image and video content.” Markets think there’s
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      only a 14% chance
                     </strong>
                    </a>
                    that Grok is banned in the UK before March.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    <strong>
                     🏒 Hockey:
                    </strong>
                    We’re just days away from the Winter Olympics, and one of the marquee matchups will be the ice hockey tournaments for both men and women, each of which will feature the US-Canada rivalry on the ice.
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Among the men
                     </strong>
                    </a>
                    , Canada has a 44% chance of gold, followed by the United States with a 33% chance. Among the women, both the US and Canada have very high chances for gold, with the nearest competitor, Czechia, having just
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      a 2% shot at the top prize
                     </strong>
                    </a>
                    .
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px;padding-top:10px">
                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                  <p style="margin:0">
                   *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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         </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;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%">
               <tr>
                <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">
                    Bad news for
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Tesla
                     </strong>
                    </a>
                    as US senators
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      cast doubts on its use of cameras
                     </strong>
                    </a>
                    over lidar
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Good news for those sick of AI:
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Firefox will soon let you block AI features
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Bad news for
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      bitcoin
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    bulls: one strategist is doubling down on his $45,000 price target
                    <strong>
                    </strong>
                    after
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      seeing this signal
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Worse news for crypto treasury companies: they are
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      all in the red
                     </a>
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Good news for lovers of Cheetos:
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      Pepsi
                     </a>
                    </strong>
                    is
                    <strong>
                     <a style="text-decoration: underline; color: #5869ff;">
                      cutting prices on its snacks
                     </a>
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Bad news for
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Uber
                     </strong>
                    </a>
                    investors: after
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      earnings disappointed
                     </strong>
                    </a>
                    , its CEO warned of a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      bumpy road ahead for autonomous vehicles
                     </strong>
                    </a>
                   </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-11" 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%">
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                     <span style="word-break: break-word;">
                     </span>
                    </td>
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                  </table>
                 </div>
                </td>
               </tr>
              </table>
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                <td class="pad" style="padding-bottom:10px;text-align:left">
                 <div align="left" class="alignment">
                  <!--[if mso]>
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                  <span class="button" style="background-color: #5869ff; mso-shading: transparent; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-bottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     OFF THE CHARTS
                    </strong>
                   </span>
                  </span>
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                  <p style="margin:0">
                   Which food trend has recently gone mainstream in US restaurants, overtaking “fruit” in menu mentions?
                   <strong>
                    <br/>
                   </strong>
                  </p>
                 </div>
                </td>
               </tr>
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                   <a target="_blank">
                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F39248e2c-9ab2-4c13-ae91-eae56a0391ef%252F2026-01-26-otc%252Bnewsy.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NzAyOTEzODYuODA3MjQzfQ:1vnxes:tkjp8uriWub3vM4J5baHIiWtIvHP3RxvqQ_fL1npwjI" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
                   </a>
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                  <p style="margin:0">
                   <strong>
                    <a style="text-decoration: underline; color: #5869ff;" target="_self">
                     Check your answer
                    </a>
                    .
                   </strong>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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           </tbody>
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius: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%">
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                 <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>
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                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #ffffff;">
                    <strong>
                     Walmart is only the third US non-tech company to surpass a $1 trillion market cap
                    </strong>
                   </a>
                   <strong>
                    .
                   </strong>
                   <a style="text-decoration: underline; color: #ffffff;">
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
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         <td>
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           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <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">
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                     <span style="word-break: break-word;">
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                    </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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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THURSDAY
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
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       <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 style="Margin:0 0 8px 0">
                    Earnings expected from
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Amazon
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Sony
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Strategy
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      ConocoPhillips
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Roblox
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Reddit
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Bloom Energy
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Cigna
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Affirm
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Estée Lauder
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Bristol-Myers Squibb
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Atlassian
                     </strong>
                    </a>
                    ,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Barrick Mining
                     </strong>
                    </a>
                    , and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Cemex
                     </strong>
                    </a>
                   </li>
                  </ul>
                 </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">
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                   SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
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