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   Daily Brew // Morning Brew // Update
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     A company is buying up internet brands of yore...
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             December 04, 2025
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              View Online
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              Presented By
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               Gentle reader,
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              for the fourth year running, the Brew will be handing out the Golden Mug Awards to commemorate the best, the worst, and the most bizarre business stories from 2025.
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              But
              <em>
               we
              </em>
              don’t decide who will take home the coveted Golden Mugs—you do. We’ve created
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               a lightning-quick poll and are asking you to vote
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              and determine the winners. We’ll hand out the Golden Mugs in an upcoming newsletter during the holiday season.
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               —Sam Klebanov, Matty Merritt, Dave Lozo, Abby Rubenstein
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               MARKETS
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            <!-- Nasdaq -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMyODk2M30:1vR6wb:pqWC5eNWk6R4vmV-aXte2NsfrYEzv8tlxJgwZqSVK8c" style="width:22%" width="20"/>
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                 <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">
                  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">
                  23,454.09
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.17%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMyOTg3NH0:1vR6wb:XgATgm9Bm5qxz5E9L3Jfnh0Fo4Eiw3mXZ7q-tgyOmZI" 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">
                  6,849.72
                 </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">
                     +0.30%
                    </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">
              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzMDc3fQ:1vR6wb:WnlBH3Xz7jEhkHoDmAQn5HLwxPHM7w-KuFsoh_Ukxps" 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">
                  47,882.90
                 </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">
                     +0.86%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzMTY2Nn0:1vR6wb:9f2ogjlhxRXl_7JkqHoQrCnIscZ0PqA87FNgbKDWMDo" 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">
                  4.057%
                 </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">
                     -3.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzMjc3NX0:1vR6wb:Q4C6rtwUMyBzvhbRvE1r65UfnmDypYOkz9f4cbjN99w" 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">
                  $93,917.42
                 </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">
                     +2.20%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Netflix -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzMzY5OH0:1vR6wb:MbILr8Czabm2_HoVHPZOtlwhvQIuLWsulkWfdS2netc" 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">
                  Netflix
                 </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">
                  $103.96
                 </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:#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">
                     -4.93%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Netflix -->
            <!-- 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzNDYxOH0:1vR6wb:Sr8t2W8pLHwROAM-bOx2jA_QocJp0xPMOe1Ld48CueA" 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 appeared to visit the Upside Down yesterday in honor of the recent return of
                </span>
                <span>
                 <em>
                  Stranger Things
                 </em>
                </span>
                <span>
                 , going back into bad news is good news mode, and
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  rising
                 </a>
                </span>
                <span>
                 on a report that the private sector shed jobs last month (more on that below)—since it’s likely to spur an interest rate cut from the Fed. One stock that did fall was Netflix, as investors seem to think it has a good shot of becoming the winning bidder to acquire Warner Bros., but aren’t so sure that’ll help the streaming company in a significant way.
                </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 RAD Intel
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <strong style="color:#000">
                 Another early AI startup is emerging:
                </strong>
                RAD Intel helps Fortune 1000 brands predict ad performance before spending.
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 Valuation up 5,000%
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </th>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
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            ECONOMY
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Small businesses shrank, surprising jobs report says
                </a>
               </h1>
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               <img alt="Not hiring" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-12-03%252Fimage-198b64f5a165f14cb7be3074f2b0951a6fe5dba4-3000x2000-png%252Fmbd_nothiring_ni_01.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTMzNTgwM30:1vR6wb:XQ86oDSkiAnO6EeUHX_1d4O5CTlZ0U43vQbcphtebEE" 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>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The job market says “nvm, it’s not all good.” The US private sector shed 32,000 jobs in November after adding an upward-revised 47,000 jobs the month before, according to a report released yesterday by the payroll firm ADP. The losses,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  led by small businesses
                 </a>
                 , amounted to America’s largest private headcount dip since early 2023.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 ADP’s jobs numbers—which have basked in the limelight lately as a stand-in for government data that’s been missing because of the recent shutdown—blindsided analysts who predicted that America would
                 <em>
                  gain
                 </em>
                 several thousand jobs.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The government’s November jobs report, which is slated to be released on Dec. 16, following a delay (and after the Fed meets next week), should provide a more complete picture of what’s up with America’s cubicles. But for now, we know that mom-and-pop establishments dragged down recent employment stats:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Companies with fewer than 50 employees shed 120,000 workers.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Larger companies with 50+ workers actually
                  </span>
                  <span>
                   <em>
                    expanded
                   </em>
                  </span>
                  <span>
                   their headcount by a cumulative 90,000—but their job growth still slowed from previous months.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Not all industries shrank staff:
                 </strong>
                 Manufacturing, construction, information, finance, and business and professional services reduced headcount. Meanwhile, education and health services, leisure and hospitality, and natural resources and mining grew payrolls.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Why’d the jobs vanish?
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Some economists say the hiring rut likely stems from consumer belt-tightening amid economic challenges, while a survey of manufacturers released this week found that some companies are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  slowing hiring
                 </a>
                 due to uncertainty surrounding President Trump’s tariff policy.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But Commerce Secretary Howard Lutnick
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  told
                 </a>
                 CNBC that tariffs are unrelated to the anemic hiring, instead blaming the government shutdown for squeezing small businesses. He said that the administration’s deportation ramp-up also played a role, but predicted that employment trends would soon rebound.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  What is certain is that…
                 </strong>
                 the tough job market snapshot will give ammo to Fed officials advocating for a deeper rate cut next week amid divisions at the central bank over how aggressively to lower borrowing costs. Gold rallied on ADP’s report as investors scooped up futures for the metal that typically appears shinier when interest rates fall.
                 <em>
                  —SK
                 </em>
                </p>
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            Presented By RAD Intel
           </h3>
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            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
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              The AI edge investors are betting on
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Some ads stop your scroll for a reason. They feel relevant, almost like they were made for you. Brands are desperate to know how that happens, and an emerging AI platform called
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               RAD Intel
              </a>
              is suddenly on their radar.
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              RAD makes it possible to predict which creative will resonate before a dollar is spent, a breakthrough that matters more than ever as digital noise and ad waste keeps climbing.
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              RAD Intel has attracted more than 14k investors, secured recurring seven-figure partnerships, and
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               reserved its planned ticker on Nasdaq ($RADI)
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              . It’s also pacing 165% year-over-year revenue growth.* Through an SEC-qualified process, shares are currently available at $0.85, creating what many see as a rare early window.
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             </p>
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              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest now at $0.85/share
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              .
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            WORLD
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              <img alt='US Customs and Border Patrol Commander Gregory Bovino (C) stands with agents in Metairie, Louisiana, on December 3, 2025. The US Department of Homeland Security announced on Wednesday it has launched a federal immigration enforcement operation, named "Operation Catahoula Crunch," in the New Orleans, Louisiana, area.' src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-12-03%252Fimage-d5924662a1f4726553a075fada69d43443d1d545-1024x683-jpg%252FGettyImages-2249133118.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0MTM0OX0:1vR6wb:fGvKisMFObWv0QC8syLXw3RS0LHJwT9MIAkhYA1tJ5Q" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fpolice-cars-revolving-light_1f6a8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0MjIzfQ:1vR6wb:sft5u0zGz7B-YBK31e3BtTUEeJqdHDsbTdP_gOo7qBc" style="max-width:18px" width="18"/>
                  Trump’s immigration crackdown comes to New Orleans and Minnesota.
                 </strong>
                 Federal agents arrived in New Orleans yesterday and
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  began
                 </a>
                 an immigration enforcement operation that the Department of Homeland Security said would focus on people who are in the country without authorization and have a criminal history. But many people detained in past sweeps have not had criminal records, according to federal officials, and immigrants in the city told news outlets they were fearful of leaving their homes. New Orleans is the latest Democrat-run locale to be targeted, and, as in other cities, there have been protests in response. An operation was also launched in Minnesota, a day after President Trump went on a tirade against the state’s Somali population during a Cabinet meeting, saying, “I don’t want them in our country.”
                </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%252Fpage-facing-up_1f4c4.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0MzA4fQ:1vR6wb:XcGQ2k2qi1oE0_hMINN9UQq57T-OXo0zC9la0mYtIps" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Watchdog reportedly finds Hegseth could have endangered troops with Signal chat.
                 </strong>
                 The Pentagon’s inspector general’s
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  report
                 </a>
                 on Defense Secretary Pete Hegseth’s use of Signal to discuss a forthcoming military strike in Yemen said it could have put troops and their mission at risk—but also found that Hegseth had the power to declassify the information disclosed in the chat, sources who’d seen the findings told the Associated Press yesterday. The report is also said to note that Hegseth violated Pentagon policy by using a personal device for official business. The Signal use became public after an editor from The Atlantic was accidentally included in a chat. The report comes as Hegseth faces scrutiny from lawmakers over a second strike that killed the survivors of a previous attack on an alleged drug boat.
                </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%252Foncoming-automobile_1f698.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0MzkzM30:1vR6wb:cpFnq7coZHJj7hJ8An450kFLfGuAmuqCwKxWYGVZA4c" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Trump admin to roll back car fuel-efficiency standards.
                 </strong>
                 With executives from General Motors, Ford, and Stellantis in attendance, President Trump
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  announced
                 </a>
                 plans to weaken Biden-era fuel economy standards that were intended to help boost electric cars. Under newly proposed Department of Transportation rules, most cars would need to achieve 34.5 miles per gallon through the 2031 model year, down from the 50 miles per gallon standard adopted under former President Biden. The DOT said the proposal would save Americans $109 billion over the next five years, while critics say the change will encourage automakers to continue to focus on environmentally unfriendly vehicles that could ultimately cost consumers more at the gas pump.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </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">
            TECH
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What’s Bending Spoons and why’s it buying everything?
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Bent spoon with vimeo, aol, eventbrite, wetransfer, and evernote logo" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-12-03%252Fimage-e13bc44ea3562638ae3c992eee035983fe1bd507-3000x2000-png%252FMBD_EVENTRBRITE_BENDINGSPOONS_NI_01.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0NX0:1vR6wb:GuKYsZKRS7M9YWfY2ABDgk16awwfnlk606q-YohhVlE" 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>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Eventbrite, the events and ticketing site that has an email sitting in your spam folder right now, is being
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  acquired
                 </a>
                 for $500 million by an Italian company you’ve probably never heard of: Bending Spoons. The site will join the Milan-based software conglomerate’s recognizable portfolio of stalled tech companies, like Evernote and WeTransfer, while its acquisitions of Vimeo and AOL are expected to close soon.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Who are these mysterious Italians scooping up ancient internet legends?
                 </strong>
                 Bending Spoons was born 12 years ago after the founders of a failed scrapbooking app pivoted to acquiring digital businesses and completely rebuilding them.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The company buys flailing subscription-based platforms at a fraction of their previous valuations. Eventbrite, for instance, was valued at $1.76 billion after its IPO in 2018. The Bending Spoons
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  playbook
                 </a>
                 typically includes laying off huge swaths of employees and quickly rebuilding everything, from coding to product pricing.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But Bending Spoons doesn’t seem to be in it for a quick buck—the company invests in long-term growth, aiming “to hold forever.” It has yet to sell any of its acquisitions.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 So far, the strategy appears to be boosting the value of Bending Spoons itself. Its most recent funding round of $710 million in October valued the company at $11 billion.—
                 <em>
                  MM
                 </em>
                </p>
               </td>
              </tr>
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            Together With AT&amp;T Connected Car
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           <img alt="AT&amp;T Connected Car" 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%252F2025-11-24%252Fimage-e0496f2ed6dad6d357a9698dbd76b206365826bd-1000x750-jpg%252F362cfcfd64c6001a17aab91bf70a0691edc9071d-1000x750.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0ODgyNX0:1vR6wb:Mc8KSxsgSamhf1VSiGrOVDZ-7HlCYTJmPGhNaiQnU7s" 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">
              <strong style="color:#000">
               Holiday road trips just got a signal boost.
              </strong>
              She’s not braving another four-hour drive without internet. With
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               fast, reliable In-car Wi-Fi
              </a>
              , she can stream music, movies, and holiday parades—or just pretend to be “on a call.” Stay connected (and sane) this season when you
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               activate AT&amp;T Connected Car™
              </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">
            MUSIC
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Spotify Wrapped has a new age feature that’s not AI
                </a>
               </h1>
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               <img alt="Spotify logo" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-12-03%252Fimage-ceb2d0fd364daa44faa57061233d9e345b078fe2-3000x2000-png%252Fspotifyillo.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM0OTc3NH0:1vR6wb:r4Us4HzLKlReaXcMHjfgU4OA5aO0ZBPlaqjO8ep_y24" 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">
                 One year after a rare record scratch, Spotify brought back an old favorite and included new features
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  people actually like
                 </a>
                 with the 2025 edition of Wrapped, which arrived yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 After many users complained about 2024’s offering on social media, Spotify executives said they used that disappointment to fuel this year’s update to its highly anticipated year in review data dump:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Top genres returned after an inexplicable absence last year.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   New features include top albums and audiobooks, playcounts for your top songs, a game where you guess your top song, and a “Wrapped Party” on the app that’s a “live competition you can play with friends.”
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Then there’s the potentially crushing reveal of your “listening age” based on your data. Our Executive Editor Neal Freyman’s was 92, which was only slightly older than we guessed.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Out with AI (but not entirely):
                 </strong>
                 Spotify received blowback in 2024 for going all-in on AI at the last minute. This year, the only celebration of AI is Listening Archive, which pinpoints trends from specific days (i.e., reminding you of the sad song you played 100 times when you were dumped on Feb. 14).
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Like and subscribe:
                 </strong>
                 Wrapped is more than just something to share on your socials. During a Q4 earnings call, Co-president Alex Norstrom said Wrapped has “become a significant driver of our business.” It engaged 245 million users last year.
                 <em>
                  —DL
                 </em>
                </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">
            STAT
           </h3>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-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">
                 Prime number: A $200m shutdown hit
                </a>
               </h1>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="A Delta plane flying with the dome of the Capitol in the background" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-12-03%252Fimage-a4cf01f76bcc3ae448e44e14c6e1d9979b68eb69-1024x683-jpg%252FGettyImages-2245369615.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1MzUzMn0:1vR6wb:7e4-jZUQAr-gsqGd7h9ppxwdGt6SeAleI6nvLR8GuIs" 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/CQ-Roll Call, Inc via Getty Images
                 </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">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Congressional staffers may be back to eating Sweetgreen at their desks and paychecks for federal workers are flowing again, but businesses are still navigating the fallout from the longest-ever US government shutdown, which ended last month. Airlines experienced some of the most turbulence from the shutdown, and Delta
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  said
                 </a>
                 yesterday it expects a $200 million hit to its bottom line.
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   To ease the strain on air traffic controllers who weren’t collecting pay during the 43-day shutdown, regulators restricted traffic at 40 major airports across the country, forcing airlines to cancel flights. Delta’s CEO previously said the airline had to nix 2,000+ of them, per Bloomberg.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The $200 million ding to its fourth-quarter profits will hit its earnings by ~$0.25 per share, Delta said.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 But don’t feel too bad for the airline your AmEx-wielding friend insists on using for every trip, as Delta said demand for flights is looking robust through the end of the year and into 2026. Though booking growth flagged during the shutdown, it has since picked back up for the carrier.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
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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 Quince
           </h3>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Quince" 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%252F2025-12-03%252Fimage-6cf6dfecdd0f17e7e3697237330bda938f5b0d1d-2400x2419-jpg%252FCopyofCapture-12_EDITED%25281%2529.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1NTE5MX0:1vR6wb:5U3jIgNAkrzxUbvwmsy8MBbtIGoKr59W8yXJbOMHYBM" 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">
              <strong style="color:#000">
               Bon voyage.
              </strong>
              Do you know what
              <em>
               doesn’t
              </em>
              make a voyage so bon? Luggage that can’t keep up, or even worse, breaks down while you’re still en route. That’s why Quince makes luggage and suitcases
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               built to move and designed to last
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               Check out these bundles
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              .
             </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">
            NEWS
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </h1>
              </div>
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              <tr>
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                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Russia
                   </a>
                  </span>
                  <span>
                   said there had been no breakthrough on a peace deal with Ukraine after its five-hour meeting with American envoys.
                  </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">
                    President Trump
                   </a>
                  </span>
                  <span>
                   pardoned Rep. Henry Cuellar, a Democrat from Texas who had been indicted but had not yet faced trial in a bribery case, accusing former President Biden of targeting the lawmaker because of his stance on immigration.
                  </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">
                    Apple’s head of user interface design
                   </a>
                  </span>
                  <span>
                   , Alan Dye—the executive behind its Liquid Glass feature—is leaving the company and said to be moving on to Meta.
                  </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 doctor
                   </a>
                  </span>
                  <span>
                   who sold ketamine to Matthew Perry before the
                  </span>
                  <span>
                   <em>
                    Friends
                   </em>
                  </span>
                  <span>
                   star’s fatal overdose was sentenced to 2 1/2 years in prison.
                  </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">
                    House Democrats
                   </a>
                  </span>
                  <span>
                   released previously unseen pictures from the private island of the late former financier and convicted sex offender Jeffrey Epstein.
                  </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">
                    More than 1 million bags
                   </a>
                  </span>
                  <span>
                   of shredded cheese have been recalled for potentially containing metal fragments, and not just the “wood” health influencers are always warning you about.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[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">
            RECS
           </h3>
          </div>
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           <tr>
            <td class="story-content">
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1NjI5NX0:1vR6wb:6abYosPjHN-lR7hzsYNBtPkaJU2pq2Ff_iiSfw_cEgg" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1NzE5Nn0:1vR6wb:fI0eGjsduQZsiXHkF-n__5k5fxyZxAmvopuCgzmR1kA" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Walk:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Good-quality hiking boots
                  </a>
                  make the perfect winter shoes to traipse around a snow-packed city.**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1ODEzM30:1vR6wb:zfp8Gw5xQ2Oc-M-uxqOI5yOvMHZgH-Bhps5tuApWGK0" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Look:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   The top pics
                  </a>
                  from AP photographers around the globe this year.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM1OTI0NH0:1vR6wb:3xzBpWTIcqV3OmBUi5fbOFd3kFKO_PltU6cBXT57Dz4" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Face the music:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Fun facts
                  </a>
                  about music to take the brain space that could be used for remembering where you put your keys.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM2MDI5Nn0:1vR6wb:k_Kdq4EnnebY946Ex72tz4qSKO8A6fQyk8RmGTMYO9o" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Play:
                  </strong>
                  A ranking of the year’s
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   best video games
                  </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NjQ4NDU1MzcuNTM2MTE2NH0:1vR6wb:hCt7hfsN2YIGchhQPUxqEiIEoPc7VhaXkyBeoR-MhMM" style="max-width:18px" width="18"/>
                   Consider canceling your insurance:
                  </strong>
                  Are you wasting hundreds every year on overpriced car insurance? SmarterAuto has a
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   free new tool
                  </a>
                  to help you find out.
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   See how much you could save
                  </a>
                  .*
                 </p>
                 <placementslot data-id="679a8820947c">
                 </placementslot>
                 <placementslot data-id="73b5e6b98bc8">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </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">
            PLAY
           </h3>
          </div>
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            <td class="story-content">
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NjQ4NDU1MzcuNTM2MjM2fQ:1vR6wb:LRK4nDWziI2O6PKRxdqACTx0AJcwBozyDKuY0Fqkr4Q" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
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                </small>
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              </p>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 Today’s puzzle is titled “Pet project,” and we think it lives up to its name nicely.
                 <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">
                 Three Headlines and a Lie
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Three of these headlines are real and one is faker than your sister’s text about not really wanting a gift. Can you spot the odd one out?
                </p>
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Pavarotti statue
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    frozen
                   </a>
                  </span>
                  <span>
                   knee-deep in ice rink strikes wrong note in Italy
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The Wiener’s Circle
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    gives out
                   </a>
                  </span>
                  <span>
                   free hot dogs after Ben Johnson’s shirtless celebration
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
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                    world’s longest
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                   Louis XV had the
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