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Warsh replaces Powell as Fed chair today...
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May 15, 2026
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Happy Friday.
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Even pro athletes get penalized for clocking in a few minutes late to work. South African golfer Garrick Higgo was assessed a two-stroke penalty for
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
arriving late
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to his tee time at the first round of the PGA Championship yesterday.
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
He still rallied to shoot an impressive one-under-par for the day, even with the penalty. That’s kind of like getting yelled at by the dental hygienist for not flossing, but still getting a high five from the dentist at the end of your appointment.
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—Dave Lozo, Sam Klebanov, Matty Merritt, Adam Epstein, Holly Van Leuven
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
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In today’s newsletter,
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we’ll get into:
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<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
A new era for the Fed starting today
</span>
</li>
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<span>
Honda’s first annual loss ever
</span>
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<span>
Martha Stewart getting into AI
</span>
</li>
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<!-- MARKETS -->
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<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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<td class="card table-head" style="color:#333;border-collapse:collapse;box-shadow:none;text-align:left;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;display:block">
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<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
MARKETS
</p>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td class="pad5m">
</td>
</tr>
<!-- Nasdaq -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTgzNjI0Mn0:1wNolh:B13TrdF8rk8md3ZMUjeDHwyNEoBYG22OToOethVOKUg" 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">
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">
26,635.22
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#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">
+0.88%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Nasdaq -->
<!-- S&P -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTgzNzE5fQ:1wNolh:IEbXsLYGtmJqhU3lM5UaCmKRpyc0hr6qgRytC70Jmpc" 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&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">
7,501.24
</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:#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">
+0.77%
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTgzODEyOH0:1wNolh:3YyzQOhzdcJba6l8xFmumqRJ2I8dZU37Xh-XFYqRc8Y" 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">
50,063.46
</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">
+0.75%
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTgzOTA2NX0:1wNolh:1TepRyLCq4YeDNbtJpN0Kiz6fjYXaetArI-F3v-1WIY" 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">
4.461%
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
-2.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0MDAzM30:1wNolh:7iYUxI5c56KLCAJMiL7jnc6N1CGfrJ4lxCU6H_UY41I" 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">
$81,393.99
</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">
+2.16%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Bitcoin -->
<!-- Klarna -->
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0MDk0Nn0:1wNolh:7bcuZ7v81XXm0b_kk3KgEsfVLpN8QcgGxa3lbpOnuvg" 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">
Klarna
</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">
$16.47
</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">
+20.31%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Klarna -->
<!-- START REGULAR TEXT -->
<tr>
<td style="padding:3px 15px 10px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0MTkzOH0:1wNolh:ofxetw5yl4_XTjVPt5aN9ggw4IMZxLWsposDOsX0Jg0" style="vertical-align:middle;height:16px;display:inline"/>
</a>
</td>
</tr>
</table>
<p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
*Stock data as of market close, cryptocurrency data as of 4:00pm ET.
<a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
Here's what these numbers mean.
</a>
</p>
</td>
</tr>
<!-- END REGULAR TEXT -->
<tr>
<td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
<strong style="color:#000">
Markets:
</strong>
</span>
<span>
Stocks blasted Creed and went
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
higher
</a>
</span>
<span>
yesterday, thanks to renewed momentum in the AI trade and some optimism around Trump–Xi talks in China. Few had a better day than Klarna, which soared nearly 19% after breaking even for the first time since its IPO last year.
</span>
</li>
</ul>
<div style="display:none">
</div>
</td>
</tr>
<tr>
<td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
</div>
<!-- <![endif]-->
<!-- END MARKETS -->
<!-- STORY ARTICLE -->
<!--[if !mso ]><! -- -->
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THIS SEAT IS TAKEN
</p>
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
End of an era: Warsh replaces Powell as Fed chair
</a>
</p>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Photo collage showing Jerome Powell walking off to the left as if leaving through a door, and Kevin Warsh walking to the right as if entering a door, and they are mirror images of each other." src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-14%252Fimage-63ec5d7c3b9b61ef6e0964c4c2dd564a7445631d-1500x1000-jpg%252FMBD_PowellWarsh_SM_05142026.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0MzExNn0:1wNolh:GsRDSrhHHCUhU__qy3YCWkT2amzYR2mmKBVJ4brcICY" style="width:100%;max-width:670px;display:block" width="670"/>
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<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>
Shannon May, Photos: Adobe Stock, Getty
</em>
</small>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
By the slimmest margin in history, the Senate
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
confirmed
</a>
Kevin Warsh as the 17th chair of the Federal Reserve this week, bringing an end to an extremely eventful eight-year run for Jerome Powell.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Nominated during President Trump’s first term, Powell wasn’t willing to acquiesce to executive pressure to lower interest rates. Warsh has said he’s in favor of rate cuts, but getting a majority of the Fed’s 12 voters to agree is an unlikely task—between now and the end of the year, FedWatch has not forecast a likelihood of rate cuts higher than 2.8%.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
Never a dull moment for JPow
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Powell leaves with inflation well above his long-stated goal of 2%—it’s currently at 3.8%—but he had a tenure like no other previous Fed chair:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
Powell raised rates four times during 2018, his first year—from 1.25%–1.50% at the start of the year to 2.25%–2.50%. That drew the ire of Trump, who later called his decision to tap Powell over Warsh a “really big mistake.”
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
While you were baking sourdough bread during Covid, Powell pulled out all the stops to avoid an extended recession. The Fed bought debt and made large bond purchases. Powell and the Fed also urged Congress to provide fiscal relief to Americans, such as expanded unemployment benefits. By the end of 2021, unemployment
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
fell
</a>
</span>
<span>
back under 4% after reaching nearly 14.8% in 2020.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
However, that kicked off the worst inflation in decades. Powell deemed it “transitory,” blaming it on bad forecasts. But critics say the central bank was slow to react to the effects of post-pandemic spending.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
What’s next:
</strong>
Alan Greenspan, who served as Fed chair from 1987 until 2006,
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
ignored calls
</a>
to raise rates because he believed the personal computing revolution was creating a productivity boom, which would not coincide with inflation. Greenspan was proven right, and Warsh has similar convictions that the explosion of AI could be the foundation for future rate cuts while avoiding inflation.
<em>
—DL
</em>
</p>
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READER POLL
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
How would you grade Jerome Powell’s tenure as Fed chair?
</p>
</div>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
A
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
B
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
C
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
D
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
F
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Not sure
<br/>
</a>
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Sponsored By Pendulum
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The truth about your sweet tooth
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Cravings don’t start in your head; they start in your gut—which means you’ve gotta take care of the healthy bacteria living there.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Enter Pendulum’s Metabolic Daily
</a>
.
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Metabolic Daily is designed to help
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
replenish your body’s beneficial bacteria
</a>
to support a healthy metabolism. It replenishes the live bacteria that help regulate appetite, metabolism, and energy from the inside out.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Over 29k medical professionals recommend Pendulum probiotics to their patients, and there’s a reason. Pendulum shares that 91% of Metabolic Daily users reported reduced food cravings,* while 88% reported reduced sugar cravings* and 72% reported less fatigue.**
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Try Metabolic Daily probiotic yourself and
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take 48% off
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. HSA/FSA eligible.
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WORLD
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Tour de headlines
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<img alt="Trump and Xi" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-14%252Fimage-cfa4d0ff8e3a0ac623bcd4b1a0aeff7e1e14c822-1024x683-jpg%252FGettyImages-2275601892.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0ODMwNn0:1wNolh:MmsWcl_SQerPmuYkLgIZf2S_f73O2kRNM_Utdka0jXo" style="width:100%;max-width:670px;display:block" width="670"/>
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<em>
White House via X/Anadolu via Getty Images
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<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg0OTMzOX0:1wNolh:tTW2Og7IfsriJE32d4rxHCg8jv7pL294HpS4meFjNH8" style="max-width:18px" width="18"/>
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fflag-for-china_1f1e8-1f1f3.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg1MDI2NH0:1wNolh:IOecX1vmeILg6hPkV1hNbj2BP6QxTutWeR8is5Qi95U" style="max-width:18px" width="18"/>
<strong style="color:#000">
Trump and Xi met again for second day of summit.
</strong>
President Trump traveled to the Chinese Communist Party’s leadership compound in Beijing this morning for a working tea and a closed-door lunch
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
before returning to the United States
</a>
. Prior to today’s meetup, he posted on Truth Social, saying that when Xi referred to the US as “perhaps being a declining nation,” he meant the Biden administration. It was unclear whether Trump was describing a public or a private remark. In the same Truth Social post, Trump referred to “the military decimation of Iran (to be continued!).” The White House said that during Thursday’s meeting, the two leaders agreed that the Strait of Hormuz needs to remain open, and that Iran can never have a nuclear weapon.—
<em>
HVL
</em>
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fscales_2696.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg1MTE0Nn0:1wNolh:5f2VuXcYhnGsLYjjOawaN_fX2_qKtGHWsyeaaBWVfH4" style="max-width:18px" width="18"/>
<strong style="color:#000">
US reportedly dropping charges against Indian billionaire Adani.
</strong>
According to the New York Times, the Justice Department is set to drop corruption and
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
fraud charges
</a>
against Gautam Adani as soon as this week, after the billionaire hired a new legal team led by one of President Trump’s personal lawyers. The attorney, Robert Giuffra, reportedly told prosecutors that Adani, who’s worth $104 billion, would invest $10 billion in the US economy if the charges were dropped. Adani was indicted by the Biden administration in 2024 for allegedly planning to bribe Indian government officials for solar contracts and lying about it when attempting to secure American investments.
<em>
—AE
</em>
</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%252Fmoney-with-wings_1f4b8.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg1MjA2OH0:1wNolh:FXdQOan8WwSkZqGopxwUH5n2VKDwoLTAhANhST3dttg" style="max-width:18px" width="18"/>
<strong style="color:#000">
Cerebras nearly doubled its price in biggest IPO of the year.
</strong>
Here’s one initial public offering that went substantially better than Lumi’s. Chipmaker Cerebras
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
flourished
</a>
in its Nasdaq debut yesterday, opening at $350 per share after listing at $185. The 10-year-old AI company raised $5.5 billion, bringing its valuation to $100 billion and making it one of the biggest tech IPOs in years. Investors were likely excited by the cloud deal that Cerebras made with OpenAI in January. The blockbuster IPO could bode well for SpaceX, OpenAI, and Anthropic—all of which are expected to go public this year.
<em>
—AE
</em>
</p>
</td>
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OUT OF JUICE
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Honda’s EV misfire leads to first loss in 70 years
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</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>
Brandon Bell/Getty Images
</em>
</small>
</span>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Honda can commiserate with
<em>
Jeopardy!
</em>
contestant Jamie Ding, whose 31-win hot streak ended recently. Yesterday, Japan’s second-largest carmaker posted its
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
first annual loss
</a>
since listing on the Tokyo Stock Exchange in 1957, after a $10 billion hit from EV investments that didn’t pan out led to a $2.7 billion loss for the last fiscal year.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
Vibes aren’t electric
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Alongside rivals like Ford and General Motors, which also recently reported EV-related losses, Honda overestimated drivers’ willingness to go electric. Plus, the company said, the US axing tax incentives last year further dampened EV demand, while President Trump’s auto tariffs and heightened competition in China squeezed profit margins.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Honda announced yesterday that it ditched its full electrification goals:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
The company no longer plans to have 20% of its sales to be EVs by 2030, and it won’t strive to phase out combustion-engine cars by 2040.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Instead, it will focus on boosting its gas-electric lineup with 15 new hybrid models by 2030.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
But cars aren’t Honda’s main driving force:
</strong>
Its motorcycle business—which has captured almost a third of the global market—accounted for roughly half of the company’s profit after sales grew by 11% last year. The company is expanding its electric two-wheeler offerings, as motorcyclists appear to be more open than car drivers to vehicles that don’t make a revving sound.
<em>
—SK
</em>
</p>
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Sponsored By Skechers
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<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%252F2026-05-14%252Fimage-58cfcfe8f13a8be0318ac683c3a006e20564c254-1071x756-jpg%252Fmsc74067skechersxwnbaprimages-athletegroup_1080x1080copy.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg1NzQwN30:1wNolh:_zhIXGacLMQsm1MyBIwMhEc2EDltRlu7u_p8aJtj68E" 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">
The WNBA’s biggest season just found its shoe.
</strong>
Thirty years in, the league is louder than ever—and Skechers is officially on the court. Jackie Young, Rickea Jackson, and Kiki Iriafen are lacing up the SKX line: high-performance cushioning, court-ready grip, and
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
comfort that doesn’t quit
</a>
. Women’s sports aren’t waiting. Neither is Skechers.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Step into it
</a>
.
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SMART HOUSE
</p>
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Martha Stewart wants to be the Martha Stewart of AI
</a>
</p>
</div>
</table>
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<a style="border:none;text-decoration:none" target="_blank">
<img alt="Martha Stewart" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-14%252Fimage-8734d5ca142e9a04b6da99328d7005a890692165-4200x2804-jpg%252FGettyImages-2266741222.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg1ODQ1M30:1wNolh:8_msolPevz1wqXKyZuxipqIwk3j6ialzco1IwlFlsWg" 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">
<small>
<em>
Nina Westervelt/Getty Images
</em>
</small>
</span>
</p>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The go-to woman for pound cake recipes and clematis care is getting into the AI game, too. Yesterday, Martha Stewart
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
announced
</a>
Hint, her new company aimed at helping homeowners manage the logistics of home ownership. Stewart is just the latest
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
female celeb
</a>
to wrap her personal brand around the technology in what The Cut recently dubbed “The Girlbossification of AI.”
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Some details:
</strong>
According to the company, the “always-on, AI-native home management platform” asks for your address and pulls relevant public information, like your property’s flood risk and soil data. You can also upload bills and other documents to enable the platform to remind you to update your insurance policy or advise you on getting your roof replaced:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
Hint will make money through premium features and affiliate or transaction fees for service recs, but claims the platform is “blind to commercial deals.”
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The app and website will go live sometime this summer.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Big picture:
</strong>
Venture capitalists want in on the $500 billion residential renovation and repair market. Stewart and her co-founders, former Red Ventures exec Yih-Han Ma and AI engineer Kyle Rush, raised $10 million in seed funding led by Slow Ventures. Other investors include Montauk Capital, Tusk Venture Partners, and The Points Guy founder Brian Kelly.—
<em>
MM
</em>
</p>
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DAVE’S SPORTS DESK
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
McDonald’s is loving its first naming rights deal
</a>
</p>
</div>
</table>
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<img alt="McDonald's Park rendering" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-14%252Fimage-f5b49afca43cddfef5f14c8e051a70a11fa1021b-2560x1706-jpg%252FMBD-McDonaldsPark-0526.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2MjI5Mn0:1wNolh:q7qbnYz0in5k-e2f0f1XpiR1p4bbxJcG8-2WxhUZ3XE" style="width:100%;max-width:670px;display:block" width="670"/>
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<span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
<small>
<em>
Chicago Fire FC
</em>
</small>
</span>
</p>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
McDonald’s…ever heard of it? The up-and-coming fast-food chain will finally get some publicity in the form of a stadium naming rights
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
agreement
</a>
with Major League Soccer’s Chicago Fire. It’s set to begin when the team’s new $750 million venue opens in 2028.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
This marks the first time that Grimace’s place of employment will have its name adorned on a US pro sports franchise’s home. Full terms of the deal, which runs through at least 2040, were not announced. But in 2023, Los Angeles FC agreed to a 10-year deal worth a reported $100 million to rename its home field BMO Stadium.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
What comes with that:
</strong>
The stadium will have a permanent McDonald’s restaurant, and all concession stands will offer donation roundups for the Ronald McDonald House. The company will also serve as the lead sponsor for the Fire’s youth soccer initiatives in the city.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Four years ago,
</strong>
McDonald’s CEO Chris Kempczinski said crime in Chicago was making it difficult to recruit talent to its corporate headquarters there, raising the possibility that the company could relocate its HQ. But this deal appears to cement Mickey D’s commitment to the city.
<em>
—DL
</em>
</p>
</td>
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Sponsored By Cash App
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Make saving effortless.
</strong>
With Cash App, saving can be simple. Round up spare change from everyday purchases, save your partial paycheck with direct deposit, and
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
earn up to 3.25% interest
</a>
. Plus, there are no monthly fees or minimum balances, and your money stays protected with
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
24/7 built-in security and fraud monitoring
</a>
.
</p>
</td>
</table>
</td>
</tr>
</table>
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</div>
<!-- <![endif]-->
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<!-- STORY ARTICLE -->
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<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
QUIZ
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<div class="title-container" style="padding:0 15px">
<p class="h1 story-title" 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="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Friday news quiz
</a>
</p>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Friday news quiz banner" 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-7c7a69cfb99fa964a9a37bcb3ccd83ca02c2c054-2700x660-png%252FIMG_9053.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2NDc2fQ:1wNolh:53IL-u0KKEzzEX-ut0y9b6aKj5BsaRh9clLVBDZhpQE" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The feeling of getting a 5/5 on the Brew’s Weekly News Quiz has been compared to learning that Meg Stalter will make her Broadway debut in
<em>
Oh, Mary!
</em>
in July.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
It’s that satisfying.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Ace the quiz
</a>
.
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
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<!-- STORY ARTICLE -->
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<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
NEWS
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<div class="title-container" style="padding:0 15px">
<p class="h1 story-title" 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="color:#000;border-bottom:none;text-decoration:none" target="_blank">
What else is brewing
</a>
</p>
</div>
</table>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
The Supreme Court
</a>
</span>
<span>
upheld access to the abortion pill mifepristone via telehealth and through the mail while a lawsuit against the FDA continues.
</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 CDC
</a>
</span>
<span>
said there are currently no confirmed cases of hantavirus in the US, but the agency is monitoring 41 people.
</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 Senate
</a>
</span>
<span>
adopted a resolution to withhold pay for its members during a government shutdown that results in a lapse of funding for any agency.
</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">
Michael Banks
</a>
</span>
<span>
, the US Border Patrol chief, resigned yesterday in the latest leadership shakeup at the Department of Homeland Security.
</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">
Instagram
</a>
</span>
<span>
launched a new feature called Instants that allows users to send disappearing photos, similar to Snapchat.
</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">
Yale Medical School
</a>
</span>
<span>
allegedly discriminated against white and Asian students in the admissions process, according to an investigation by the Trump administration.
</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">
Netflix
</a>
</span>
<span>
appears to be building a studio that will produce AI-generated, short-form animated content, according to several public job listings.
</span>
</li>
</ul>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
RECS
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<div class="header-image-container" style="padding-top:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2NTgxfQ:1wNolh:Fd-XeHSfn5TCV8FX4XoXJdmDdSRx2V8Jq8EsYQJVMnw" style="width:100%;max-width:670px;display:block" width="670"/>
<p style="margin:0;padding:0;line-height:22px">
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2NjcwN30:1wNolh:KMO78m_kRggXOGMWLDJfhs_4ZVts0CBhmhYwmNKiJJo" style="max-width:18px" width="18"/>
<strong style="color:#000">
Stun:
</strong>
Crocs that are somehow
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
cooler
</a>
than normal Crocs.**
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2NzU5N30:1wNolh:i3JQOVa_Q40d3Uk8Edha2aBSRlR6ZVLKP9Xcman5kDw" style="max-width:18px" width="18"/>
<strong style="color:#000">
Compare:
</strong>
The
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
best countries
</a>
of 2026, per US News & World Report’s latest ranking.
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2ODQ4NH0:1wNolh:rfA72baWn8UrATceKpDnYCG3-4JFcWBDqiHEQnu3RCg" style="max-width:18px" width="18"/>
<strong style="color:#000">
Watch:
</strong>
Harrison Ford’s rousing
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
commencement address
</a>
at Arizona State University.
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg2OTM3OH0:1wNolh:bDRitbav9E3TMf_zl9M7h3Bd2fZuLSuoRJqWnehqIgw" style="max-width:18px" width="18"/>
<strong style="color:#000">
Visit:
</strong>
Fourteen
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
unique bookstores
</a>
around the world.
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg3MDI4MX0:1wNolh:47PkkFa65CComEZMEUhGmghEo2tWKwgo_Sf854UDD9o" style="max-width:18px" width="18"/>
Is your car insurance expensive?
</strong>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
This free tool
</a>
can help you find better options
<em>
and
</em>
save you up to $600 a year. (You’re welcome.)
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Try it here
</a>
.*
</p>
<placementslot data-id="c6c869c260ef">
</placementslot>
<placementslot data-id="a9e6e35ce106">
</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>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
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<!-- END STORY ARTICLE -->
<!-- STORY ARTICLE -->
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<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
PLAY
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<div class="header-image-container" style="padding-top:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg4MzcwMjEuOTg3MTM1Mn0:1wNolh:vMuZN-uzftB53tAunixpjSYGJcHJ4FFOjczPWqJEbaY" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" 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">
<strong style="color:#000">
Jigsaw:
</strong>
See if you can put Big Ben back together again in this edition.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Play Jigsaw here
</a>
.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
Calendar trivia
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
When asked about his birthday, a man said, “The day before yesterday I was 25, and next year I will turn 28.” When is his birthday?
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
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<!-- STORY ARTICLE -->
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<div class="c6 core_hidden" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
SHARE THE BREW
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg4MzcwMjEuOTg3MjMxfQ:1wNolh:XTg4ONF72JOl-RO5fah71T_l_eT3foiWwOucucTvDOE" 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 & 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
</a>
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
<!--[if !mso ]><! -- -->
</div>
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<!-- END STORY ARTICLE -->
<!-- STORY ARTICLE -->
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<div class="c6" style="margin-bottom:7px">
<!-- <![endif]-->
<table border="0" cellpadding="0" cellspacing="0" class="story-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card" style="color:#333;border-collapse:collapse;box-shadow:none;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;display:block">
<div class="tag-container" style="padding:15px 15px 0">
<p class="h3" style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
ANSWER
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" 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">
Dec. 31 (and he’s talking on Jan. 1).
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Here’s the solution
</a>
.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<span style="text-decoration:underline">
Word of the Day
</span>
</p>
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