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   Daily Brew // Morning Brew // Update
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     Starbucks workers go on strike...
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             November 14, 2025
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              View Online
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              Shop
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              Presented By
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Happy Friday.
              </strong>
              The cutoff for your listening data to count toward your end-of-year Spotify Wrapped is approaching. The company isn’t saying when the official cutoff date is, but since Wrapped typically drops at the end of November or early December, you’ve probably got a few more days to game the system by bingeing songs that would make your musical taste appear more sophisticated than it is.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              But, let’s be honest: No one actually cares what music you listened to this year. So we say let Nickelback rip.
              <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmultiple-musical-notes_1f3b6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2NDU0NH0:1vJrCI:_VMuX3VmweLOBmpbS7iQ46Od0XnXQEwgMiMHMiZPv98" style="max-width:18px" width="18"/>
              <em>
               This is how you remind me of what I really am…
              </em>
              <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmultiple-musical-notes_1f3b6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2NTQ4Nn0:1vJrCI:yXfu945f3XZri14eMmqWjJyA67kXbNtfhxiGyW3kh5I" style="max-width:18px" width="18"/>
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <em>
               —Molly Liebergall, Sam Klebanov, Matty Merritt, Adam Epstein
              </em>
             </p>
            </td>
           </tr>
          </table>
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       </table>
       <!--[if !mso]> <! -- -->
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      <!-- <![endif]-->
      <!-- END HEADER -->
      <!-- MARKETS -->
      <!--[if !mso ]><! -- -->
      <div class="c7">
       <div class="c6" style="margin-bottom:7px">
        <!-- <![endif]-->
        <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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              <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
               MARKETS
              </h3>
             </td>
            </tr>
           </table>
           <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
            <tr>
             <td class="pad5m">
             </td>
            </tr>
            <!-- Nasdaq -->
            <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">
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2NjQ0fQ:1vJrCI:Z4Z4GsAFN3W95iz9Nmzu1jwxZXwKzOiwc4Z2dCeCM0c" style="width:22%" width="20"/>
                </td>
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                  Nasdaq
                 </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">
                  22,870.36
                 </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">
                     -2.29%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2NzY0M30:1vJrCI:LLMR0Lqu27Z_oEDGJhMY24cRfdVjrpqmWwvaWS_HYpw" 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">
                  6,737.49
                 </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">
                     -1.66%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <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">
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               <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2ODYwMn0:1vJrCI:7MQJ4ZITtWe5GzRLL9ENiX9YTxMmfzgEzMYmK32T0ao" 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">
                  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">
                  47,457.22
                 </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">
                     -1.65%
                    </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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk2OTU0fQ:1vJrCI:i-HUWsv-KidxXFxmx0SVTmM4UAvOtWdtfjjQF3m8-d0" 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">
                  4.112%
                 </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">
                     +5.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk3MDQ3OH0:1vJrCI:SHpNCKVgXqFRww-Y9VJyUw1nJ7JHh_EwDPN6fchtPRM" 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">
                  $98,427.31
                 </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">
                     -3.29%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Disney -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk3MTQwOH0:1vJrCI:CcKc28KJv3JD_MkD0bogp3_qWKUEXeoS6w7i9Iu-KNE" 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">
                  Disney
                 </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">
                  $107.61
                 </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">
                     -7.75%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Disney -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk3MjM3Nn0:1vJrCI:8wyTierGvZAYJBdSgd6pX3uglgyVTqdRLePs5BD_CwQ" 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 4:00pm 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 were pummeled yesterday on their way to their
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  worst day
                 </a>
                </span>
                <span>
                 in more than a month as investors apparently liked the
                </span>
                <span>
                 <em>
                  idea
                 </em>
                </span>
                <span>
                 of the government shutdown ending more than the reality of it. Many are now worried that the Federal Reserve is no longer on track to cut interest rates in December as a result of the shutdown impeding the release of fresh economic data. Meanwhile, Disney plunged for a different reason: Investors were unimpressed by its latest revenue numbers.
                </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>
          </th>
         </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" style="border-collapse:collapse" width="100%">
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          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            LABOR
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Starbucks strike aims to disrupt holiday coffee rush
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt='Starbucks barista holds sign reading "No contract, no coffee!" at 2024 strike picket outside Starbucks' src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-13%252Fimage-2ad63021462e2c99e556fb192c4075e3692ad7a7-3600x2378-jpg%252FGettyImages-2190735271.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk3MzU5NH0:1vJrCI:ElHaEmT2d2iKoT5aoZfJVnQgeMnYzDUQLDZCVMq24pA" 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>
                  Brian van der Brug/Los Angeles Times
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" 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">
                 On one of the busiest days of the year for the world’s largest coffee house, unionized workers commenced an open-ended strike yesterday that could snowball into their biggest one yet. More than 1,000 Starbucks baristas walked out in an attempt to muddle the chain’s popular Red Cup Day and gain leverage in stalled contract negotiations.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 According to Starbucks Workers United:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Strikes were planned for more than 65 locations in 45 cities, including New York and Seattle.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   More baristas across 550 total unionized locations are prepared to join the picket line if Starbucks and the union don’t reach an agreement.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 So far, Starbucks said any impact is negligible: As of late yesterday morning, a spokesperson
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  told
                 </a>
                 CNBC that the chain was on track to surpass its sales expectations for Red Cup Day, an annual promo in which customers get a free reusable cup for ordering a seasonal drink. The company said that past strikes—some of which also
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  targeted
                 </a>
                 Red Cup Day—have impacted less than 1% of its nearly 17,000 US locations.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But…
                 </strong>
                 the union said it’s willing to make this “the largest, longest strike in company history,” with no end date currently set. If the strike continues deeper into the season of mocha lattes and Hallmark movies, it could spoil Starbucks’ holiday sales bump…
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 …and derail its turnaround plan
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The strike comes after Starbucks closed hundreds of stores in September, including 59 unionized locations, as part of a broader restructuring under new CEO Brian Niccol.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 After being brought on late last year to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  revitalize
                 </a>
                 the frappuccino maker, Niccol recently helped to break the chain’s two-year streak of sales declines, delivering 1%
                 <del>
                  milk
                 </del>
                 growth in its most recent quarter.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Labor tensions worry some investors:
                 </strong>
                 Last month, a group of Starbucks shareholders
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  urged
                 </a>
                 the company’s board to resume contract negotiations before the union dispute affects its stock price. Starbucks said yesterday that it’s ready to return to the table whenever. In April, the union overwhelmingly rejected Starbucks’ latest proposal for 2% annual raises.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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            Presented By Eight Sleep
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              You snooze, you…win
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           <img alt="Eight Sleep" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-12%252Fimage-30eb330e01ca0d066ab4f154e693459d41c1551e-6916x4611-jpg%252FEightSleepImageB.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk3Nzl9:1vJrCI:-uaCTx2ZGR4juLaxaK5VcPhzl_u3axFhKIreTb-KycA" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              A good night’s sleep is the most valuable gift you can give yourself. (Seriously, have you seen the health benefits?) But if you’re too hot or cold and you spend the night tossing and turning, you’ve already lost some valuable shut-eye.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Eight Sleep agrees. And what better time than their
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               biggest sale for the year
              </a>
              to introduce you to Pod 5? It’s:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                your thermostat (automatically adjusts to you throughout the night)
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                your health monitor (no wearables, just built-in sensors)
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              </li>
             </ul>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              It’s a smart mattress cover that
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
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              —and is clinically proven to deliver up to one extra hour of quality sleep per night.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              So don’t snooze on this sale.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Grab yours—and get up to $700 off with code MORNINGBREW
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              .
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            WORLD
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              <img alt="Verizon store" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-13%252Fimage-de0970e51027ffbb63caa0628fd7046ee8b0192d-1024x671-jpg%252FGettyImages-2246554747.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk3OTAzM30:1vJrCI:gMOoCRmROskSPActH78uZ2UYvpWbjNT3VPQXwfjLBIU" style="width:100%;max-width:670px;display:block" width="670"/>
              <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>
                  Justin Sullivan/Getty Images
                 </em>
                </small>
               </span>
              </p>
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                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fmobile-phone_1f4f1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk3OTk1M30:1vJrCI:6PlXo_xgFk1FC5HaDMrPZXrZ2bOUuBiZSfUnzBInbJk" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Verizon is reportedly cutting 15k jobs in its largest layoff ever.
                 </strong>
                 According to the Wall Street Journal, the telecommunications giant
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  plans to axe
                 </a>
                 15,000 roles in the next week in an effort to reduce costs under its new CEO, Daniel Schulman. Verizon—the largest telecom provider in the US—has lost postpaid phone subscribers in three straight quarters as it faces increased competition. Schulman told investors that the company is at a “critical inflection point,” and that he plans to streamline parts of the business that don’t have paths to profitability. Verizon’s stock ticked up about 1% yesterday following the news of the historic layoffs.
                </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%252Fscales_2696.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk4MDgzNX0:1vJrCI:MHL9b16v8Fp5DKuFZv4WnWpUgvgvGS8OFLU6NNfmiEo" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Trump admin sues to stop California redistricting.
                 </strong>
                 The Justice Department moved to join a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  lawsuit
                 </a>
                 filed by the California Republican Party to block Democratic Gov. Gavin Newsom’s effort to redraw the state’s congressional map. Newsom’s redistricting plan—a response to attempts by Republicans in several other states to create more favorable maps ahead of the 2026 midterms—was approved by more than two-thirds of California voters in a ballot measure last week. In a social media post, Attorney General Pam Bondi called Newsom’s plan “a brazen power grab,” while a spokesperson for Newsom said in a statement that “these losers lost at the ballot box and soon they will also lose in court.”
                </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%252Frobot-face_1f916.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk4MTcxN30:1vJrCI:JKWjS5NcGJo9A835bLSHd-6H7x-goyXkzw1CauBMHZk" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Hackers used Anthropic AI to automate cyberattacks.
                 </strong>
                 The Claude maker said that a hacker group—which it believes with “high confidence” is Chinese state-sponsored—manipulated its AI tools to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  infiltrate
                 </a>
                 a number of major companies. Per Anthropic, it was the “first documented case of a large-scale cyberattack executed without substantial human intervention.” The company said it was able to disrupt the attempted hacks, in part because Claude “occasionally hallucinated credentials” or thought it stole private information that was actually public.
                 <em>
                  —AE
                 </em>
                </p>
               </td>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            GOVERNMENT
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Low-potency cannabis is illegal again
                </a>
               </h1>
              </div>
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Hemp ban" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-13%252Fimage-fcd3e0522676d42237f0a6cadc10019c25d8cdb0-3000x2000-png%252Fmbd_hempshredder_01.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk4Mjc2fQ:1vJrCI:qwe3kELklTqvTHjC0zTYtTTBIMUykBsH8qxkFcpdh-g" 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>
                  Nick Iluzada
                 </em>
                </small>
               </span>
              </p>
             </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Folks in states without legal weed might have to watch
                 <em>
                  Family Guy
                 </em>
                 sober, since weaker alternatives won’t be available at their local gas stations. The shutdown-ending funding bill that Congress passed this week will re-criminalize intoxicating hemp
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  to the dismay
                 </a>
                 of the $28 billion industry.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The law closes a loophole in the 2018 Farm Bill that allowed the sale of products containing less than 0.3% of THC, aka the psychoactive ingredient in cannabis.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Legal 180
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Lawmakers argued that psychoactive hemp is under-regulated and puts young people at risk since it is often sold without proper disclosures and can be chemically altered for stronger potency. Last month, 38 state attorneys general—including some from states with legalized recreational marijuana—asked Congress to ban high-inducing hemp.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 When the measure kicks in a year from now:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The sale of any product containing more than 0.4 milligrams of THC per container will be federally illegal.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Products affected include hemp gummies, joints, Delta-8, and THC-infused beverages, which have become increasingly popular as a booze alternative.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  It's not just stoners complaining…
                 </strong>
                 with
                 <strong style="color:#000">
                 </strong>
                 industry executives saying the ban would eliminate 95% of their sales. It endangers 300,000 jobs, according to hemp research firm Whitney Economics. Critics, meanwhile, argue that banning the products won’t stop people from getting high—they’ll just rely on unregulated products.
                 <em>
                  —SK
                 </em>
                </p>
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            Together With State Street Investment Management
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              <strong style="color:#000">
               Invest like you’re going places. Because you are.
              </strong>
              With ETFs like MDY, you can tap into a powerful combination of resilience, quality, market opportunity, and
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               outperformance potential
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              . Discover how MDY—the original mid-cap ETF—delivers cost-efficient, liquid exposure to 400 US-based midsize companies in a
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            TECH
           </h3>
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                 Do you want an iPhone sock for $230?
                </a>
               </h1>
              </div>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Apple
                 </em>
                </small>
               </span>
              </p>
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                 You can make fun of it, you can call it a “sock,” you can even compare it to Borat’s mankini—but you must still prepare for a fashion influencer to sport it on a bag that costs more than a car. Yesterday, Apple
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  introduced
                 </a>
                 its newest low-tech release, the iPhone Pocket, and the internet’s reaction seems to be making fun of the phone tote and its high price tag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The small, knitted bag doesn’t have any zippers or clips, just a pocket that is designed to stretch around your phone and a few other everyday items.
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The version with the shorter straps comes in eight colors and costs $149.95, while the crossbody bag comes in three colors and costs $229.95.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   That’s wildly more expensive than the $29 multi-pack of
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    iPod Socks
                   </a>
                  </span>
                  <span>
                   from 2004 that Apple announced in response to expensive cases and even the well-reviewed $59
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    iPhone strap
                   </a>
                  </span>
                  <span>
                   the company released in September.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The pouch was designed in collaboration with Issey Miyake, the Japanese fashion label founded by the late designer of the same name, who made Steve Jobs’s iconic black mock turtlenecks.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Bottom line:
                 </strong>
                 Despite the makers’ unique shared history involving sleek design, tech reviewers and social media users have almost unanimously
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  roasted
                 </a>
                 the new bag.—
                 <em>
                  MM
                 </em>
                </p>
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                   </a>
                  </td>
                 </tr>
                </table>
                <!-- END SOCIAL LINKS -->
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
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      <!-- STORY ARTICLE -->
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      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            STAT
           </h3>
          </div>
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               <h1 class="story-title" style="color:#000;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">
                 Prime number: $2 billion name change
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="Pentagon" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-13%252Fimage-38adccde8f16dfb288a0fdbefc9243d93b71d207-1024x681-jpg%252FGettyImages-2242866892.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk5Mjg2OH0:1vJrCI:qwOZbr0VoFG0pohjy6q3N2IeXgG3KjvaRSgtFvS5258" style="width:100%;max-width:670px;display:block" width="670"/>
              <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>
                  Bill Clark/Getty Images
                 </em>
                </small>
               </span>
              </p>
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              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 People who’ve changed their last name after getting married know that it can be a painstaking process with a lot of paperwork. But at least it doesn’t cost more than the GDP of the Solomon Islands.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 President Trump’s directive to change the name of the Department of Defense to the Department of War will cost up to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $2 billion
                 </a>
                 , NBC News reported, citing senior congressional staffers. The change is a lot more complicated than the average rebrand:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Thousands of signs, placards, letterheads, and other items at US military bases around the world need to be replaced.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   All of the department’s digital code—including for external sites and internal, classified systems—must be rewritten.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The move comes as Trump has pushed to cut back federal spending and Secretary of
                 <del>
                  Defense
                 </del>
                 War Pete Hegseth has said he plans to cut thousands of jobs at the Pentagon. The Trump administration has already changed the department’s website and social media to reflect the new name, but it won’t become official until Congress approves it.
                 <em>
                  —AE
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       </table>
       <!--[if !mso ]><! -- -->
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           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Together With RAD Intel
           </h3>
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          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="RAD Intel" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-13%252Fimage-dc8b0b28cb5f85d0bc10e7373f353cb552371eea-1152x896-png%252Fimage.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk5Mzk0M30:1vJrCI:JfTzbE8AOgOuU-Miv5I0GJKiMIoz52hATg1H3_wz_c0" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
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              ’s AI powers recurring seven-figure contracts with Fortune 1000s. Nasdaq ticker ($RADI) is reserved, and the share price is set to move soon.
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               Price changes on Nov. 20. Learn more
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              .
             </p>
            </td>
           </tr>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            QUIZ
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Friday news quiz
                </a>
               </h1>
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             </table>
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              </a>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The feeling of getting a 5/5 on the Brew’s Weekly News Quiz has been compared to getting just enough snow for dogs to play in, but not enough to have to shovel.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It’s that satisfying.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Ace the quiz
                 </a>
                 .
                </p>
               </td>
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             </table>
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       <!--[if !mso ]><! -- -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            NEWS
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="card-content">
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               <h1 class="story-title" style="color:#000;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">
                 What else is brewing
                </a>
               </h1>
              </div>
             </table>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <ul style="margin-top:0;padding-left:30px">
                 <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">
                    Michael Burry
                   </a>
                  </span>
                  <span>
                   of
                  </span>
                  <span>
                   <em>
                    The Big Short
                   </em>
                  </span>
                  <span>
                   fame deregistered his hedge fund, Scion Asset Management, hinting that he’s “on to much better things Nov. 25th.”
                  </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">
                    Polymarket
                   </a>
                  </span>
                  <span>
                   cut a deal with UFC parent company TKO Group Holdings to bring its prediction market to live combat sports.
                  </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">
                    UK billionaire Joe Lewis
                   </a>
                  </span>
                  <span>
                   , who was convicted of insider trading last year, received a pardon from President Trump.
                  </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">
                    NBCUniversal
                   </a>
                  </span>
                  <span>
                   is launching a new cable sports TV channel next week that will broadcast the live games that stream on Peacock.
                  </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">
                    PepsiCo
                   </a>
                  </span>
                  <span>
                   is introducing “naked” versions of Cheetos and Doritos without the artificial dye, rendering them a pale yellow color.
                  </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 controversial new documentary
                   </a>
                  </span>
                  <span>
                   alleges that a DNA analysis revealed that Adolf Hitler likely had a genetic condition that may have resulted in him having a micropenis.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            RECS
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
             <div class="header-image-container" style="padding-top:15px">
              <img alt="Recs" 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-762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330-png%252FMB_todo_banner.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNTk5NjIxfQ:1vJrCI:vYcWZ0Y-gK3CZRK9r7dXDZBuSqaOX3LRmpIfK-z5Zec" style="width:100%;max-width:670px;display:block" width="670"/>
              <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>
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk5NzE2NH0:1vJrCI:LOHte4vxlrBeCDnOCioiwDSCbkXQWmFYyhZjHJcOUnM" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Sleep tight:
                  </strong>
                  Drift off to la-la land with this
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   smart mattress cover
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                   Get up to $700 off
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                  .*
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk5ODA5fQ:1vJrCI:EM4jYBZ2dhzOlcmRr06ADIA0NZfCLFLY_JrseF18lBI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Style:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   skinny font
                  </a>
                  that is taking over.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk5ODk4Nn0:1vJrCI:_1sTDaX_KSrCWHA4QvYdijaawk8lRSc3W_PbX1oJnQc" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Laugh:
                  </strong>
                  A crowdsourced collection of the world’s
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   worst business ideas
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNTk5OTg4fQ:1vJrCI:xF1RC98jBuVlC9sQVssAB09hnW7-gKBlrJSuNyu4W5E" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  The 100
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   must-read books
                  </a>
                  of 2025.
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjMxMTY3MTAuNjAwMDc3NH0:1vJrCI:YfXbCPreKzRDx02nqwCbQ7IV09P1fuIwWZhfvw-6Vsg" style="max-width:18px" width="18"/>
                   Meet your new travel bestie:
                  </strong>
                  AKA
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Axel
                  </a>
                  , the AI travel assistant + axolotl helping travelers save money. Axel automatically monitors prices so you can get the lowest price for hotels + flights.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   All for just $35/year
                  </a>
                  .*
                 </p>
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                  <sup>
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                    *A message from our sponsor.
                   </em>
                  </sup>
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                 <placementslot data-id="e0555d1e3d11">
                 </placementslot>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            PLAY
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               <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjMxMTY3MTAuNjAwMn0:1vJrCI:K1JGlu7gU9TcYVnm1oQL_RPVU8j2vC-tapQSUDa46s0" style="width:100%;max-width:670px;display:block" width="670"/>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
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                </small>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Decipher:
                 </strong>
                 Today’s puzzle is a classic headline from The Onion.
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Figure it out here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Friday puzzle
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Here’s a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  puzzle
                 </a>
                 from The Guardian for all you math nerds:
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 What is the smallest number that can be expressed as the sum of a pair of squares in two different ways?
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Hint: It’s less than 100.
                </p>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            SHARE THE BREW
           </h3>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Share Morning Brew
                 </a>
                 with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 We’re saying we’ll give you free stuff and more friends if you share a link. One link.
                </p>
                <a>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe8c0d668fd2ce584105a14629f9409b29ddffc91-3840x2160.png%253Fw%253D640%2526q%253D60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjMxMTY3MTAuNjAwMzAwNn0:1vJrCI:V_-IT43qomY0oUoKQ3X1FfUXGIRchTRSHLkZr86XkSo" style="width:100%;max-width:640px;display:block;width:100%!important" width="640"/>
                 </p>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
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                 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/daily/r/?kid=979c4554
                 </a>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            ANSWER
           </h3>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 50 (1^2 + 7^2 = 50
                 <em>
                  and
                 </em>
                 5^2 + 5^2 = 50). Cool!
                </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: brazen, meaning “bold and without shame.” Thanks to Jack from Dallas, TX, 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>
                 .
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             <p style="margin-top:0;margin-bottom:15px;font-size:16px;line-height:10px">
              <strong style="color:#000">
               ✳︎ A Note From State Street Investment Management
              </strong>
             </p>
             <span style="font-size:16px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               ​​
               <strong style="color:#000">
                Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
               </strong>
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                www.ssga.com
               </a>
               <strong style="color:#000">
                . Read it carefully.
               </strong>
               Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent)
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                <strong>
                 State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information
                </strong>
               </a>
               .
              </p>
             </span>
             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✳︎ A Note From RAD Intel
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This is a paid advertisement for RAD Intel’s Regulation A offering. For more information, please read the offering circular at
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                invest.radintel.ai
               </a>
               .
              </p>
             </span>
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