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   Daily Brew // Morning Brew // Update
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    <td>
     The Fed chair nominee faces a grilling...
    </td>
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            <td class="column-left">
             April 21, 2026
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              View Online
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              Sign Up
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              Shop
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              Presented By
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              <strong style="color:#000">
               Hello there.
              </strong>
              The
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               trailer
              </a>
              for
              <em>
               Hungry
              </em>
              , a horror movie about people being attacked by a hungry hippo, has dropped. And while it’s not
              <em>
               technically
              </em>
              based on
              <em>
               Hungry Hungry Hippos
              </em>
              …it’s close enough to get us thinking about other beloved childhood games that could get turned into scary movies. We’re keeping our fingers crossed that someone will develop:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                <em>
                 Operation
                </em>
               </span>
               <span>
                about a ruthless organ harvesting ring
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                <em>
                 Candy Land
                </em>
               </span>
               <span>
                , in which kids have to escape from Mr. Mint
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                <em>
                 Mouse Trap
                </em>
               </span>
               <span>
                –-you don’t actually have to change this one, it’s already
               </span>
               <span>
                <em>
                 Saw
                </em>
               </span>
               <span>
                , but for mice
               </span>
              </li>
             </ul>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <em>
               —Molly Liebergall, Sam Klebanov, Matty Merritt, Neal Freyman, Abby Rubenstein
              </em>
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               In today’s newsletter,
              </strong>
              we’ll get into:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Trump’s Fed chair pick facing lawmakers
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Tim Cook stepping down as Apple CEO
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Corporate merch featuring the founder’s face
               </span>
              </li>
             </ul>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </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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             <td class="pcard pcard370" style="padding:15px">
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               MARKETS
              </p>
             </td>
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            <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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               <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5MTMxM30:1wF7Lk:yYeoPD1N54uT4IjRZ7Wuox0q3_omE25vxdBXwpLOOOE" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
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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">
                  24,404.39
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.26%
                    </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">
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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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5MjM3OH0:1wF7Lk:UGz2rmuL4OuVBQ2PdPZAArz1sR3A6TPTqVcXlSarDhU" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  7,109.14
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.24%
                    </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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                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5MzQyfQ:1wF7Lk:gxgpNjJjFenhJFpmyhRA2xzVoaCnJA0qSWHM8l-UYDM" 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">
                  49,442.56
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.01%
                    </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%252Fcff893ba764906422dff254fe5a026d0a2427129-50x16.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5NDQ0NX0:1wF7Lk:fBebARsZFv802x-ncoHLeDGbM0wDmNxnFaq9WQGQVLE" 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">
                  4.250%
                 </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:#7a7a7a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.0 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%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5NTQ3NX0:1wF7Lk:5HP_wfNrv02Sil1uXw6XOtj9iDMWQjIhHcDwKMta3hY" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $75,987.96
                 </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">
                     +2.59%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- American Airlines -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5NjQ4NH0:1wF7Lk:l2NKW3Mtjx_UVAMNtQrY0tftUzIzJ9A8f_m94a0GO4c" 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">
                  American Airlines
                 </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">
                  $12.24
                 </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">
                     -4.23%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END American Airlines -->
            <!-- 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTg5NzUyOH0:1wF7Lk:pL_ZhzD5jXAUglHZH0Ytl0vADJ5gpGM3la2U_iG-8SY" 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 6:00pm 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 acted like your friend who always leaves the party early and
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  dipped
                 </a>
                </span>
                <span>
                 yesterday, ending the Nasdaq’s longest winning streak since 1992 as traders fretted over the impact of the Iran war. With the current ceasefire set to expire tomorrow and tensions high over the Strait of Hormuz, President Trump said an extension was unlikely if a peace deal is not reached. Airline and cruise stocks, in particular, took a dive amid worries about fuel costs and travel.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="background-color:#e8e8e8;margin-top:0;margin-bottom:15px;padding:15px;line-height:22px">
               <p style="margin-top:0;margin-bottom:0;line-height:22px">
                <strong style="color:#1c7ff2;font-size:16px">
                 Markets Sponsored by Cytonics
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <strong style="color:#000">
                 Big Pharma’s worst enemy:
                </strong>
                Big Pharma spent decades (and billions) failing to cure osteoarthritis. Cytonics may have beat them to it.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Become a Cytonics investor today
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
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            WARSH WATCH
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What to expect from today’s Fed confirmation hearing
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Kevin Warsh" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-01-30%252Fimage-0f98a608be90d47427fe8c3a20522797d331897e-2257x1505-jpg%252FGettyImages-2149130280.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTg5ODc3NX0:1wF7Lk:rIEoTRymzYbqI1sMWp9IOGH3ySNL1InhLR4nXi-HaBw" 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>
                  Tasos Katopodis/Getty Images
                 </em>
                </small>
               </span>
              </p>
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              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Go fetch the Senate’s “SMOKIN’ HOT” apron because they’re about to start grilling in there. Today, lawmakers are set to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  question
                 </a>
                 Federal Reserve chair nominee Kevin Warsh in a confirmation hearing that carries exceptional weight amid both geopolitical tensions and President Trump’s feud with current Fed Chair Jerome Powell.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Expected topics include:
                 </strong>
                 Warsh’s takes on monetary policy (e.g., how the Fed handles inflation, the labor market, and interest rates), Fed independence (the hottest-button issue), and Warsh’s own finances.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Warsh has strongly argued in favor of rate cuts,
                 <strong style="color:#000">
                 </strong>
                 saying the Fed would “have to make a bet” on expected productivity gains from AI, though Fed officials are reportedly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  skeptical
                 </a>
                 of that reasoning. But he could change his tune today—it’ll be Warsh’s first comment on interest rates since the war in Iran spiked oil prices, potentially
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  undermining
                 </a>
                 the case for cuts.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Possible pain points
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Warsh will likely be asked how he’d handle pressure from Trump, and for his opinion on Trump’s
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  pursuits
                 </a>
                 of Powell and Fed Governor Lisa Cook. Democrats may mention that Warsh started calling for rate cuts once Trump returned to office in 2025, after previously
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  gaining
                 </a>
                 a reputation as a supporter of high interest rates.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Warsh’s planned opening remarks,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  released
                 </a>
                 yesterday, may shed light on his Fed independence responses:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   “I do not believe the operational independence of monetary policy is particularly threatened when elected officials—presidents, senators, or members of the House—state their views on interest rates,” his statement said.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   He also wrote that “Fed independence is placed at greatest risk when it strays into fiscal and social policies,” referencing times when the Fed took interest in climate change risks and racial inequity.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Meanwhile…
                 </strong>
                 Senate Democrats hope to rally “nay” votes in part by zeroing in on Warsh’s financial disclosures of $100+ million in assets, which they say don’t meet transparency standards, the Wall Street Journal
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reported
                 </a>
                 yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  There’s also a game of chicken afoot:
                 </strong>
                 Republican Senator Thom Tillis has vowed to block Warsh’s confirmation until the DOJ ends its investigation into Powell, but Trump hasn’t indicated any willingness to drop the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  unpopular
                 </a>
                 probe. Powell has said he’ll continue to lead if a new chair is not installed by the time his term in the top job ends in May.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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      <!-- STORY ARTICLE -->
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            Sponsored By Cytonics
           </p>
          </div>
          <div class="title-container" style="padding:0 15px">
           <p class="h1" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              500 million patients, one subpar option
             </strong>
            </a>
           </p>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Sponsor: Cytonics" 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%252F2026-04-20%252Fimage-ecca3f9eaf571674a84cfcc21f1934b4e27a5ef0-1200x800-png%252Fecca3f9eaf571674a84cfcc21f1934b4e27a5ef0-1200x800.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkwMzM5Nn0:1wF7Lk:JtIdTeZOm_J3qUA1I6xtU5Yo8LOZMp7ggUiYkghalKE" 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">
              Osteoarthritis (OA) affects 500 million people worldwide. Yet all available treatments do one thing: Manage symptoms. Painkillers. Corticosteroids. Injections. Temporary relief, nothing more.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              That’s because they never address what actually drives the disease. At its core, OA is a complex biological process: Inflammation triggers destructive enzymes that break down cartilage, which creates more inflammatory signaling. Rinse and repeat…until there’s nothing left.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Until now
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Cytonics is targeting the root molecular drivers of OA. Their experimental therapy, CYT-108, is designed to neutralize the cartilage-damaging enzymes, shifting joint biology away from destruction and toward regeneration.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               And the early results are undeniable
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Phase 1 trials are complete, with no adverse events and a clean safety record across the board. Phase 2 is next on the path to FDA approval.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Become an investor in Cytonics’ growth at the clinical stage to
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               share in what comes next
              </a>
              .
             </p>
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            WORLD
           </p>
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                 Tour de headlines
                </a>
               </p>
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              <img alt="Apple CEO Tim Cook." src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-20%252Fimage-ef326222e613eb91cae9d3276e137438c60e61c8-1500x1000-jpg%252FMKT_Editorial_Tim-Cook_GettyImages_EP_013125.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkwNDcwMn0:1wF7Lk:4GMI3dclgFXUPXyuxuj8bDEHtGulSN5Zs8a-mbT_4yI" 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">
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                 <em>
                  Nic Coury/Getty Images
                 </em>
                </small>
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                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fred-apple_1f34e.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkwNTcwNn0:1wF7Lk:BzQiKp5Y41WBv5PUrgclqhOddIEnIfwOFKcvncvhakA" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Tim Cook to step down as Apple CEO.
                 </strong>
                 The man who took over for Steve Jobs in 2011 is now passing on the reins at Apple himself. Apple
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 yesterday that Cook will step back from the CEO role to become the company’s executive chairman on Sept. 1, with the company’s current senior vice president of hardware engineering, John Ternus, to succeed him as the chief executive. Like Jobs, Cook is a tough act to follow: Apple’s value increased ~24x during his time at the top.
                </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%252Fflag-for-united-states_1f1fa-1f1f8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkwNjY3Nn0:1wF7Lk:_D4ypuM_P_RtEEtsJqyCoVyB9vzcOwnazVlvlbsvntk" style="max-width:18px" width="18"/>
                  US labor secretary resigns amid scandals.
                 </strong>
                 Labor Secretary Lori Chavez-DeRemer is
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  leaving
                 </a>
                 the Trump administration to “take a position in the private sector,” the White House said yesterday. According to the New York Times, her decision to go comes amid an investigation into whistleblower claims of misconduct, including that she had an affair with a member of her security team and misused government funds. Keith Sonderling, the deputy secretary of labor, will be acting secretary.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  🧅 The Onion plans to take over Infowars.
                 </strong>
                 That headline is real even though it comes from The Onion (we promise, we checked). The satirical publication—whose earlier attempt to purchase Alex Jones’s Infowars website was nixed by a bankruptcy court—is now asking a bankruptcy judge to let it
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  license
                 </a>
                 the site from its court-appointed manager, who has agreed to the deal. The license will cost The Onion’s parent company $81,000 a month. It looks like the site will be run as a parody, with The Onion
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  vowing
                 </a>
                 it “will democratize psychological torture, welcoming brutal and sadistic ideas from everyone, even the very stupidest among us.”
                 <em>
                  —AR
                 </em>
                </p>
               </td>
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            READER POLL
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                 <div style="margin-bottom:5px">
                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Will Apple stay on top without Tim Cook at the helm?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, it’s all about the iPhone, and Ternus is a hardware guy
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, its era is over
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Maybe, depends if it can become an AI power player
                  <br/>
                 </a>
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            SEE YOU IN COURT
           </p>
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                 FBI boss sues The Atlantic over drinking story
                </a>
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               <img alt="Kash Patel sues The Atlantic" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-20%252Fimage-5d1828fa2c250bffec7a5089e5afe5a66d9f6c52-7876x5404-jpg%252FGettyImages-2248015913.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkwNzg2MX0:1wF7Lk:eRxApQbPrYM_WmFRIJIeKdYXlgepZtic5-_iafDgj_I" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
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                 <em>
                  Drew Angerer/Getty Images
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 FBI director Kash Patel sued The Atlantic magazine yesterday for $250 million, alleging defamation in a recent article claiming that he
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  drinks excessively
                 </a>
                 and that his “erratic” behavior has officials worried about national security.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Journalist Sarah Fitzpatrick, who authored the article based on over two dozen anonymous sources, is named in the lawsuit—which The Atlantic called “meritless” and vowed to fight.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Damaging light
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The lawsuit seeks damages for
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  allegations
                 </a>
                 in Fitzpatrick’s article that Patel’s lawyers assert were fabricated to destroy his reputation. The lawsuit claims that The Atlantic’s story falsely portrays Patel as “a habitual drunk, unable to perform the duties of his office” who is “unreachable in emergencies” and once required a “SWAT-style breach” of his office, and that it claims he used his position to target president Trump’s personal enemies.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Patel vehemently denies the assertions, saying that the FBI notified the magazine they were “100% false” when it reached out to him less than two hours before publication. But establishing defamation is especially difficult for public figures, who must prove that a publication acted with “actual malice” by knowingly making false claims or recklessly disregarding the truth.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  It’s not a first…
                 </strong>
                 as
                 <strong style="color:#000">
                 </strong>
                 the Trump administration has sued several media outlets. A judge recently dismissed Trump’s $10 billion defamation lawsuit against the publisher of the Wall Street Journal over an article about his ties to Jeffrey Epstein.
                 <em>
                  —SK
                 </em>
                </p>
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                <!-- SOCIAL LINKS -->
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            Together With Fidelity Private Shares®
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              No need to scramble when investors call. The
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            FROM THE LAB
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                 A breakthrough in mRNA cancer treatment
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                  Getty Images
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                 A pancreatic cancer diagnosis is typically grim, with just 13% of patients living for more than five years after being diagnosed. But
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  new data
                 </a>
                 from a clinical trial showed that seven out of 16 patients who were given personalized mRNA vaccines responded to the treatment—and are still alive six years later.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  How it works:
                 </strong>
                 The vaccine works like immunotherapy. After cancerous tumors are surgically removed from an early-stage pancreatic cancer patient, they’re used to create a vaccine that trains the patient’s immune system to fight off lingering (or future) cancer cells. It’s the same mRNA technology that was used in the Covid vaccine, which studies estimate saved millions of lives:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Scientists warn that mRNA still needs to be studied more as a cancer treatment. A larger Phase 2 trial is in progress.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Earlier this month, Revolution Medicines also reported that a separate treatment, a pill called daraxonrasib, has nearly
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    doubled
                   </a>
                  </span>
                  <span>
                   a pancreatic cancer patient’s life expectancy compared with chemotherapy.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture
                 </strong>
                 : Despite doctors saying mRNA technology is safe, Health Secretary Robert F. Kennedy Jr. and other Trump administration officials have questioned the technology, and put research dollars
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  in limbo
                 </a>
                 . In February, the FDA said it wouldn’t review a new flu vaccine that used mRNA technology, but quickly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reversed
                 </a>
                 its decision following backlash.—
                 <em>
                  MM
                 </em>
                </p>
               </td>
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                <!-- SOCIAL LINKS -->
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkxNDYzNX0:1wF7Lk:ACFVK5O5tYJ1zwroGWByAFHfjzNbH36yJvNdl9ZHfl4" style="width:25px;display:inline-block" width="25"/>
                   </a>
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                   </span>
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkxNTY4MX0:1wF7Lk:0Vd67N3oTgHAnHptvoXutN0bdGGBYnAnOHsRDhY14x4" style="width:25px;display:inline-block" width="25"/>
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      <!-- STORY ARTICLE -->
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            STAT
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Prime number: Paying to wear the boss’s face
                </a>
               </p>
              </div>
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              <img alt="Starstruck workers looking up at a shirt with their boss on it" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-20%252Fimage-21d9a2fd885fe273f55da2fa4d6bb9408dfc63f3-3000x2000-png%252FMBD_20260420_TECHSWEATER_NI_01.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkxNzk0fQ:1wF7Lk:JezyjZa13b9d3UrQFLguV43v6y_t3hZVjkipLNlshSY" 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>
                  Nick Iluzada
                 </em>
                </small>
               </span>
              </p>
             </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 There was a time when showing devotion to the company’s leader as a tech employee meant wearing a hoodie to your all-night coding session. But now, things are headed in a more pricey fashionable direction. The Wall Street Journal
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reports
                 </a>
                 that Nvidia’s annual conference’s merch tables boasted a $178 sweater featuring CEO Jensen Huang’s face. And according to the WSJ, it’s not the only company cashing in on its founder’s look:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In addition to top-secret government software, Palantir hawks a $75 t-shirt with CEO Alex Karp’s visage on it.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   And defense tech maker Anduril sold out of a $79 Hawaiian shirt inspired by those worn by its honcho Palmer Luckey.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The founder-forward fashion offerings come at a time when CEOs are being increasingly called upon for marketing efforts even outside the tech realm—like the recent bite-taking viral videos from McDonald’s and Burger King.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       </table>
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            Sponsored By Skechers
           </p>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Sponsor: Skechers" 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%252F2026-04-17%252Fimage-4b2f737bdcc04c58971037e94a3e3acb9028a977-1440x961-webp%252Frazor_aero_studio_514_sw.webp/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkxOTA5Nn0:1wF7Lk:ePFldjABL-zz_YofCsg2g6Jx3pWyhYTmPJU3V4SkP-c" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
          </a>
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            <td class="sponsored-body content-container story-content" style="padding:15px">
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Less gear, more running.
              </strong>
              Spring race season means one thing: Your legs are about to have opinions. Skechers’ AERO line
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               keeps the decision simple
              </a>
              —the AERO Razor for when you’re chasing pace, the AERO Burst for when you’re chasing miles. Two shoes, one rotation, zero overthinking.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Find your fit
              </a>
              .
             </p>
            </td>
           </tr>
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            NEWS
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </p>
              </div>
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                <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">
                    Jersey Mike’s
                   </a>
                  </span>
                  <span>
                   filed confidential paperwork for an IPO. The decision to serve up a stock offering comes after Blackstone acquired a majority stake in the sandwich chain for ~$8 billion in 2024.
                  </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">
                    Amazon
                   </a>
                  </span>
                  <span>
                   agreed to invest up to $25 billion in Anthropic, and Anthropic committed to spending more than $100 billion on Amazon Web Services technologies over the next decade as the big AI infrastructure deals keep coming.
                  </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">
                    The Supreme Court
                   </a>
                  </span>
                  <span>
                   will consider whether religious preschools that refuse to accept children with same-sex parents can receive state funding.
                  </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">
                    Elon Musk
                   </a>
                  </span>
                  <span>
                   ignored French prosecutors’ request for a voluntary interview as part of a probe into alleged misconduct by X and the chatbot Grok.
                  </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">
                    Singer D4vd
                   </a>
                  </span>
                  <span>
                   has been charged with murder in the death of a teenage girl whose body was found in his trunk. Yesterday, he pleaded not guilty.
                  </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">
                    Kenya’s John Korir and Sharon Lokedi
                   </a>
                  </span>
                  <span>
                   repeated as the men’s and women’s champions in the 2026 Boston Marathon, with Korir setting a new course record.
                  </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">
                    Red Lobster
                   </a>
                  </span>
                  <span>
                   is bringing back its Endless Shrimp promotion (with some new restrictions), years after saying the deal was partially to blame for the chain’s bankruptcy. Good inspiration to test whether there are really no bad ideas at your team’s next brainstorm.
                  </span>
                 </li>
                </ul>
               </td>
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            RECS
           </p>
          </div>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY3NjM0OTYuMTkyMDIzM30:1wF7Lk:swBeqvvnoZlAKyeKjpVBRYfg2egK3gB4SiqO6LpnzrE" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
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              <tr>
               <td class="content-container" style="padding:15px">
                <div>
                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyMTJ9:1wF7Lk:hmtrusqfgsiuPeax2cgmC0ZgIGC4vKFoMSQKXfHqg7A" style="max-width:18px" width="18"/>
                   Read:
                  </strong>
                  Texas’s radical
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   history
                  </a>
                  .**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyMjQ0NX0:1wF7Lk:tTQ8bAQPbpeOTjcitT-aTgq6i_ADAUyXrnM7PmbrqiI" style="max-width:18px" width="18"/>
                   Lament:
                  </strong>
                  The decline of the
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   movie tagline
                  </a>
                  .
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyMzQzfQ:1wF7Lk:XhFBpolbOJOLRl3Cwr417fr9T7-z2R7nF3APjWkpvFc" style="max-width:18px" width="18"/>
                   Recycle:
                  </strong>
                  When science says the clothes at the back of your closet will
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   come back in style
                  </a>
                  .
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyNDM5Nn0:1wF7Lk:jbsNbaRPOBrgZwSzJUdmVh0UkpPSdm_H3f0o-83FqTg" style="max-width:18px" width="18"/>
                   Talk better:
                  </strong>
                  An executive coach’s tips to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   improve your small talk
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyNTM2NH0:1wF7Lk:-GGOyHMUecg-Ltlk1phiFv6xuciKk0BnuFuifo9PLjI" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Small swaps:
                  </strong>
                  Change doesn’t have to mean restriction or complication. FlavCity offers
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   better-for-you
                  </a>
                  All-in-One Protein Smoothies made with real ingredients and unreal flavor.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Try it yourself
                  </a>
                  .*
                 </p>
                 <placementslot data-id="eb434ae0a62d">
                 </placementslot>
                 <placementslot data-id="7859dbcd6ccd">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
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            PLAY
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 It took Holly 51 seconds to complete this puzzle. Womp womp. Will you fare better?
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play the Mini here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Sandwich trivia
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Jersey Mike’s, a soon-to-be public company, is the third-largest sandwich chain in the US by number of locations. What are No. 1 and No. 2?
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            SHARE THE BREW
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                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY3NjM0OTYuMTkyNzU3OH0:1wF7Lk:yc4NM28tlrlHAVntVqrJo3YY-FzcQL7I7PcJGpV25MQ" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
                </a>
                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/r/?kid=979c4554
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            ANSWER
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                 Subway and Arby’s, according to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  restaurant industry publication QSR
                 </a>
                 .
                </p>
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                 <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: visage, meaning “face.” Thanks to Melissa from Philadelphia for a suggestion to help us face the day. Submit another Word of the Day
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                  here
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               ✢ A Note From Cytonics
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               This is a paid advertisement for Cytonics’ Regulation CF offering. Please read the offering circular at
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                https://cytonics.com/
               </a>
               .
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