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There’s no better time for SpaceX to acquire Tesla than now. The question is, will it?
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<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<h1 style="margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:30px;font-weight:700;letter-spacing:-2.5px;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:36px">
<strong>
Good morning!
</strong>
</h1>
</td>
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<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
There are pre-fab homes, and then, for a small number of Americans, there are
<em>
re-fab
</em>
homes. American enthusiasts of traditional Japanese post-and-beam kominka houses are buying them up, disassembling them and then
<a style="text-decoration: underline; color: #5869ff;">
<strong>
re-constructing them in the US
</strong>
</a>
. There are tens of thousands of these types of historical – and now, seismologically outdated – homes across Japan. They’re largely vacant and available for as little as $50,000. Shipping and rebuilding them, however, will cost at least ten times as much as that initial purchase price.
</p>
<p style="margin:0">
Stocks gained Friday, with the S&P 500 rising 0.7% and the Nasdaq 100 up 0.6% as big tech companies saw their shares climb. The recent rebound in chipmakers’ stocks wasn’t enough to save them from posting their worst month
<a style="text-decoration: underline; color: #5869ff;">
<strong>
since 2008
</strong>
</a>
.
</p>
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
EXPENDABLE LAUNCH VEHICLES
</strong>
</span>
</span>
</span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
</td>
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</table>
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<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
<strong>
There’s no better time for SpaceX to acquire
</strong>
<strong>
Tesla
</strong>
<strong>
than now. So will it?
</strong>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
One of the first things any aspiring rocketry entrepreneur needs to thoroughly understand is Newton’s Third Law.
</p>
<p style="margin:0;margin-bottom:16px">
Put succinctly, for every action there is always opposed an equal reaction. Put relevantly, you’ve got to eject a whole lot of mass along the way to space. And put
<a style="text-decoration: underline; color: #5869ff;">
<strong>
poetically
</strong>
</a>
, the only way humans have figured out how to move forward is to leave something behind.
</p>
<p style="margin:0">
Elon Musk knows this. Finding a use for the things that had historically been discarded on the way to orbit remains the very bread and butter of the firm. This is why
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a report from the Wall Street Journal
</strong>
</a>
about some internal conversations at
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
Tesla
</strong>
</a>
was so very interesting.
</p>
</div>
</td>
</tr>
</table>
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<tr>
<td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
According to the WSJ, Tesla has for years been operated in a way that its Chinese business could be easily separated from its United States business in the event of a geopolitical issue or an M&A opportunity.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
The news is that some Tesla execs have been instructed to prepare for the separation of the China business because of a long-buzzed-about merger possibility where the assets of Tesla will be acquired by
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
SpaceX
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
a consolidation of Elon’s empire
</strong>
</a>
.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Theoretically, great: being the publicly-traded asset that allows investors to buy into the present value of future free-cash flows, and, arguably more importantly,
<em>
the idea
</em>
of Elon Inc. was super for Tesla, it’s not readily obvious the market needs two such assets. Public markets have traditionally been phenomenal for Elon Inc. because there’s been no shortage of techno-optimists willing to fund his visions despite scattershot operational performance. With interest divided between SpaceX and Tesla lately, there hasn’t been enough fuel to propel either stock higher.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Practically,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
there are issues
</strong>
</a>
: mainly because SpaceX is a defense contractor (sales to the U.S. government are 20.9% of its business last year) and Tesla has a massive China presence (the Middle Kingdom accounted for 18% of sales in the first half, good for Tesla’s second-largest market, and it is home to two major factories.)
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0">
In any tie-up, SpaceX would be the obvious contender for senior partner. Musk built the company specifically to give him
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
effectively permanent voting control
</strong>
</a>
, with him alone controlling 93.6 percent of Class B super-voting shares and holding well over 50% of the voting power. It’s also just bigger, which is relevant in any matter of physics.
</p>
</div>
</td>
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</td>
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</td>
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</td>
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<tbody>
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<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-top:24px;padding-bottom:8px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
THE TAKEAWAY
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
The timing is interesting. SpaceX currently has about 5% of its shares on public markets, about 640 million shares. The first lock-up expiration will come two days after the company reports its earnings, currently slated for Tuesday, when up to
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
911.5 million shares
</strong>
</a>
will become available for trading, and then those lockups will continue to expire as time goes on. If SpaceX were to acquire Tesla, the incentive would be to do so sooner rather than later, before Musk’s allies and financial backers consider cashing out some of those shares. If it were to be a for stock deal, SpaceX would ideally want to do that acquisition
<em>
before
</em>
there was any selling pressure on its shares. Just ask
<a style="text-decoration: underline; color: #5869ff;">
<strong>
CoreWeave
</strong>
</a>
.
<strong>
</strong>
Either way, if these companies are going to merge,
<em>
the sooner the better.
</em>
</p>
<p style="margin:0">
Though
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Musk pushed back on the story
</strong>
</a>
, if the part of Tesla that operates outside of China is preparing for ejection, that may be a sign that Tesla is preparing to undergo an interesting maneuver and perhaps even an orbital rendezvous.
</p>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:right;mso-line-height-alt:27px">
<p style="margin:0">
—
<strong>
<a style="text-decoration: underline; color: #5869ff;">
Walt Hickey
</a>
</strong>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
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<span style="word-break: break-word;">
</span>
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</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="button_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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<td align="left" class="pad">
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<span style="word-break: break-word; line-height: 16.8px;">
<strong>
CHART OF THE DAY
</strong>
</span>
</span>
</span>
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</td>
</tr>
</table>
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<tr>
<td align="center" class="pad" style="width:100%">
<div style="max-width:550px">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252Ff6eca1a1-e2f5-4b96-b055-eba711ac89e5%252Fimage1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3ODU3NTMyNjQuODIxMDg4Nn0:1wqq00:rqcv7lD7u3OmdVz3wkbfPC3hEjdOiElUsxHownOiMus" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
</div>
</td>
</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-top:10px;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
A quick look at the
<strong>
Apple
</strong>
CEO’s last quarter, after 15 years at the helm
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-bottom:10px">
<div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
<p style="margin:0;margin-bottom:16px">
Tim Cook, a man who’s been at
<a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
<strong>
Apple
</strong>
</a>
since 1998, just posted his last quarter as CEO, having led it to become the first company in history to reach the $1 trillion market cap mark in 2018, and built on that to pass the $2 trillion, $3 trillion, $4 trillion, and (
<strong>
<a style="text-decoration: underline; color: #5869ff;">
just last week
</a>
</strong>
) $5 trillion milestones, too.
</p>
<p style="margin:0;margin-bottom:16px">
Still, earnings season is no time to be getting sentimental, and the stock slumped after the company’s earnings report last Thursday.
</p>
<p style="margin:0;margin-bottom:16px">
Although Cook gave investors a lot to get behind on the face of things in Q3 (record June quarter, strong iPhone sales), shares were down over 7% by the close on Friday, as a cocktail of supply issues, weak guidance, and disappointing Services revenues all combined to leave a sour taste in investors’ mouths around Cook’s last Apple quarter.
</p>
<p style="margin:0">
Here’s looking at you,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
John Ternus
</strong>
</a>
.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-7" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
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</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
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</tbody>
</table>
</td>
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</tbody>
</table>
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<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-left:20px solid transparent;border-radius:0;border-right:20px solid transparent;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
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<td class="col-pad" style="padding-bottom:5px;padding-top:5px">
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<tr>
<td align="center" class="pad" style="width:100%">
<div style="max-width:540px">
<img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F6414efe6-3dc6-4e0d-baf6-dbe7bbf412e5%252FScreenshot%252B2026-07-31%252Bat%252B2.10.30%25E2%2580%25AFPM.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3ODU3NTMyNjQuODIxMjI2fQ:1wqq00:a208duShRK9SQ2YGEzi6jiHL6gbMUpPNd2JRjaGFL1o" style="display:block;height:auto;border:0;width:100%" title="" width="540"/>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:24px">
<p style="margin:0">
That’s the number of US states where so-called plug-in solar panels – which are small enough to be set up in backyards, or hung from fences and balconies and plug directly into existing household outlets –
<a style="text-decoration: underline; color: #ffffff;" target="_self">
<strong>
are currently legal
</strong>
</a>
. Such setups are popular in Germany, where they have been legal since 2024 and are widely available for consumers to buy at retail locations like IKEA.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-9" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px">
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<tr>
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<tr>
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<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-10" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
What else we're Snackin'
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-top:5px;padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li aria-level="1" style="Margin:0 0 8px 0">
Something very odd is going on in the market for used electric vehicles,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
CNBC reports
</strong>
</a>
.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
After years in near-perpetual crisis,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Boeing
</strong>
</a>
is winning back trust. Now,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
the Financial Times reports
</strong>
</a>
, all it needs to do is make money.
</li>
<li aria-level="1" style="Margin:0 0 8px 0">
Anthropic says its AI models hacked into three organizations during tests,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Bloomberg reports
</strong>
</a>
.
</li>
</ul>
</div>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-size:auto" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#5869ff;background-size:auto;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869ff;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4px solid #5869ff;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-bottom:15px;padding-left:25px;padding-right:25px;padding-top:15px">
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%">
<h1 style="margin:0;color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
Snack Fact of the Day
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
<tr>
<td class="pad" style="padding-top:10px;padding-bottom:10px;padding-left:40px;padding-right:40px">
<div style="color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:17px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:20px">
<p style="margin:0">
A massive cleanup job is underway at an abandoned fish sauce company that has caused a terrible smell in the town of St. Mary’s in Canada for two decades, because of 110 tanks that were still each filled with
<a style="text-decoration: underline; color: #ffffff;">
<strong>
3,000 gallons of fermenting fish
</strong>
</a>
when the place was abandoned.
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</tbody>
</table>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-12" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tbody>
<tr>
<td>
<table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
<tbody>
<tr>
<td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="col-pad" style="padding-left:25px;padding-right:25px">
<table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style="word-break: break-word;">
</span>
</td>
</tr>
</table>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
<tr>
<td align="center" class="pad" style="width:100%;padding-bottom:10px">
<h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
<span class="tinyMce-placeholder" style="word-break: break-word;">
This Week
</span>
</h1>
</td>
</tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
<tr>
<td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px">
<div style="margin-left:-20px">
<ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
<li style="Margin:0 0 8px 0">
<strong>
Monday:
</strong>
Earnings from
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Tyson Foods
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Clorox
</strong>
</a>
, and
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Whirlpool
</strong>
</a>
premarket,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Palantir
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Snap
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
TKO
</strong>
</a>
after the close.
</li>
<li style="Margin:0 0 8px 0">
<strong>
Tuesday:
</strong>
Earnings from
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Caterpillar
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
McDonald’s
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
NRG Energy
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Spotify
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Apollo Global Management
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Merck
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Wayfair
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Archer-Daniels-Midland
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Hut 8
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
DuPont
</strong>
</a>
, ahead of the open.
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AMD
</strong>
</a>
,
<strong>
SpaceX
</strong>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Arista Networks
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Lucid
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Opendoor
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Paramount Skydance
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Gilead
</strong>
</a>
postmarket.
</li>
<li style="Margin:0 0 8px 0">
<strong>
Wednesday
</strong>
: Earnings from
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Disney
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Terawulf
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Phillips 66
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
CVS Health
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Shopify
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Circle
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Kraft Heinz
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Uber
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Galaxy Digital
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Eli Lilly
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Riot
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Flutter
</strong>
</a>
due out premarket,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Sandisk
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Western Digital
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
AppLovin
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
eBay
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
IonQ
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Soundhound AI
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Axon
</strong>
</a>
after the close.
</li>
<li style="Margin:0 0 8px 0">
<strong>
Thursday:
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Oscar Health
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Datadog
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Constellation Energy
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Warner Bros. Discovery
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Peloton
</strong>
</a>
premarket,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Cloudflare
</strong>
</a>
,
<strong>
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
DraftKings
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Atlassian
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Airbnb
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Rigetti Computing
</strong>
</a>
after the close.
</li>
<li style="Margin:0 0 8px 0">
<strong>
Friday:
</strong>
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Vistra
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Take-Two
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
Canopy Growth
</strong>
</a>
,
<a style="text-decoration: underline; color: #5869ff;">
<strong>
OKLO
</strong>
</a>
scheduled to publish quarterly results premarket. July non-farm payrolls report released at 8:30 a.m. ET.
</li>
</ul>
</div>
</td>
</tr>
</table>
</td>
</tr>
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</td>
</tr>
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5 days, 8 hours ago - hello@snacks.robinhood.com
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