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   Daily Brew // Morning Brew // Update
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     Energy crisis could soon lead to flight cancellations...
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             April 17, 2026
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              Presented By
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              <strong style="color:#000">
               Happy Friday.
              </strong>
              To celebrate National Haiku Day, the Brew is running a haiku contest that involves...all of you.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Submit your haiku here
              </a>
              , and we’ll share the best of the bunch tomorrow.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              The rules: Your poem must follow the conventional haiku format (5–7–5 syllable structure) and be centered around the topic of: gas prices.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Good luck!
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <em>
               —Molly Liebergall, Sam Klebanov, Matty Merritt, Adam Epstein
              </em>
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               In today’s newsletter,
              </strong>
              <strong style="color:#000">
               we’ll get into:
              </strong>
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Europe running out of jet fuel
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                New York’s proposed pied-à-terre tax
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The World Cup transit debacle
               </span>
              </li>
             </ul>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso]> <! -- -->
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      <!-- <![endif]-->
      <!-- END HEADER -->
      <!-- MARKETS -->
      <!--[if !mso ]><! -- -->
      <div class="c7">
       <div class="c6" style="margin-bottom:7px">
        <!-- <![endif]-->
        <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
         <tr>
          <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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            <tr>
             <td class="pcard pcard370" style="padding:15px">
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               MARKETS
              </p>
             </td>
            </tr>
           </table>
           <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse" width="100%">
            <tr>
             <td class="pad5m">
             </td>
            </tr>
            <!-- Nasdaq -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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               <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4MjY5fQ:1wDfdp:_Y1U8DsZZf_jfjoe-ObkMHkifu6Q_rBNjk34o4v_2SU" 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">
                  24,102.70
                 </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">
                     +0.36%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4MzcxfQ:1wDfdp:_NNaZNoyrz4cc3C4ytreb1mfQkjIpfEREypYbNd_91E" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  7,041.28
                 </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">
                     +0.26%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4NDY2NX0:1wDfdp:0ibSDy9jLO5DJrJBb7rf6be_9doyYxLaRzQyAzER8cU" 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">
                  48,578.72
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +0.24%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4NTYxfQ:1wDfdp:Xgxmvlu36M2V6yHineLAYeTPpQgD5dy8580C925s7Mc" 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">
                  4.309%
                 </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">
                     +3.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4NjU1fQ:1wDfdp:lbJcVj8NnEo0Oq5ZM927ZtfgTTMf9nyeZnQhr2_baQM" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $75,336.12
                 </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">
                     +0.62%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Allbirds -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4NzQ5OH0:1wDfdp:gklNbfTSjO7cji201Du4hvmhvOGlQho1L-b7FMEIJ_U" 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">
                  Allbirds
                 </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">
                  $10.91
                 </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">
                     -35.79%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Allbirds -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU4ODUxNn0:1wDfdp:rWr_1MH3Kf5FtDMReXc8H6aoKsA7i4cneOMB0eQUKZE" 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
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  ticked up
                 </a>
                </span>
                <span>
                 yesterday, as investors remained hopeful of an end to the Middle East conflict. The Nasdaq notched its 12th straight positive day—the longest such stretch since 2009. The good vibes did not extend to Allbirds, which sank more than 35% a day after the shoe company’s sudden pivot to AI brought its stock back from the dead.
                </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 ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
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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">
            BOARDING GROUP NONE
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Europe’s planes are about to run out of fuel
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Strait of Hormuz fuel crisis" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-16%252Fimage-bf405a0c4fecdc93abd8bc6d34003cf41c69a590-4000x2667-jpg%252FGettyImages-2270083538.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTU4OTYxN30:1wDfdp:A1y1iI4MBIYCUqTzarQPdKManoEwmtEZE_5nmh6zQYo" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Davide Bonaldo/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Mac Miller lyrics that European airlines cannot relate to right now: “I never run out of jet fuel.” The Strait of Hormuz’s closure has disrupted oil supplies so drastically that Europe has “maybe six weeks” of jet fuel left, with flight cancellations coming “soon” unless the waterway reopens, the head of the International Energy Agency
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  told
                 </a>
                 the Associated Press yesterday.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  This is “the largest energy crisis we have ever faced,”
                 </strong>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  IEA
                 </a>
                 Executive Director Fatih Birol said. His comments follow an even bleaker warning from the trade group that represents European airports, ACI Europe, which said last week that fuel shortages could
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  commence
                 </a>
                 in as little as three weeks.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 European airlines are
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  fastening
                 </a>
                 their oxygen masks:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Europe’s largest carrier, Ryanair, suggested this week that it’s on track for fuel shortages by June, while the region’s second-largest airline, easyJet, said it currently has 70% of its summertime jet fuel covered.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   To counter elevated jet fuel costs, which have roughly doubled since the Iran war began, German carrier Lufthansa will
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    cut
                   </a>
                  </span>
                  <span>
                   some long-haul flights and take up to 40 planes out of rotation.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Around the world, airlines are clawing back cash by
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  raising
                 </a>
                 ticket prices. All major US airlines have
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  hiked
                 </a>
                 baggage fees in recent weeks.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 US travel may be better protected (for now)
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Europe’s oil refineries have been dwindling for decades, and the continent is the biggest recipient of jet fuel that passes through the Strait of Hormuz. Across the pond, however, the US reigns as the world’s largest net exporter of jet fuel, and it produces most of the juice its airlines need in-house.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Still,
                 </strong>
                 major US airlines (even Delta, which has its own oil refinery) project billions of dollars in added costs if fuel prices don’t return to normal. The price spike could reportedly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  sink
                 </a>
                 Spirit Airlines entirely.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 if the US and Iran reach an agreement to reopen the strait, it could take “up to two years to come back where we were before the war,” Birol said of global oil flow.
                 <em>
                  —ML
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F75fb8a70db5f5bc6b7210cdde05dfa91eeb3f0ef-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU5MDYwMn0:1wDfdp:ygtI5iw4kYbA-kx5RgAUY7Dl9TznRYYviTEaVJeYKNQ" style="width:25px;display:inline-block" width="25"/>
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU5MTU4Mn0:1wDfdp:o3LKjuBdPMF9rxxybFH-DxD19Fbj3eN4Go4DpXrsfyQ" style="width:25px;display:inline-block" width="25"/>
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            Sponsored By Subaru
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            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              Tree-ting the Earth right
             </strong>
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           <img alt="Sponsor: Subaru" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-15%252Fimage-ce9a723eda641f23367166db2a95c5a6f11f1ffe-1805x1204-png%252FScreenshot2026-04-15at3.19.11PM.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTU5MzY1MX0:1wDfdp:KITBZoNB7IcWx3ldyG2IDx6MhCjx0t75ls5yEqjIbBA" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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              Shout-out to Mother Earth. She carries a lot of precious cargo, and she carries it well.
             </p>
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              So does a Subaru. And in appreciation of our beautiful planet, Subaru and its retailers partner with
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               the Arbor Day Foundation
              </a>
              to provide and distribute trees in communities across the country.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Every year, the US loses 36 million trees to age, disease, infestation, and extreme weather. To do your part, remember this:
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Proper tree care
              </a>
              begins with selecting the right tree and space. Consider your climate to identify water or pruning needs. And if you’re ever concerned about your tree’s health, contact an arborist.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              To date, Subaru Loves the Earth has provided 1.1 million trees and counting.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Learn more
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              .
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            WORLD
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              <img alt="View of Beirut cityscape" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-16%252Fimage-72626c13ebad9a6b75f6b16fbe180826dd2a43b6-4000x2667-jpg%252FGettyImages-2271644403.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTU5NDc3fQ:1wDfdp:gfMW271rjDbam1KWQDBDAv1LUdWIydM-utGpyHZF5-s" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <em>
                  Adri Salido/Getty Images
                 </em>
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              </p>
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                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fearth-globe-europe-africa_1f30d.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU5NTcyfQ:1wDfdp:XrbESPkaQ0SS-qwECVEjJnqP5cRQiZ7Si3qKk42_7V0" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Israel and Lebanon agreed to a 10-day ceasefire.
                 </strong>
                 In a Truth Social post, President Trump said that a
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  temporary truce
                 </a>
                 went into effect at 5pm ET yesterday after representatives from the two countries met in Washington, DC, earlier in the week. The fighting between Israel and the Iran-backed militant group Hezbollah had threatened to torpedo the separate ceasefire deal between the US and Iran, which remains tenuous as the US expands its blockade of the Strait of Hormuz. Talks led by Vice President JD Vance in Pakistan over the weekend failed to reach an agreement, but a second round of negotiations could take place this week. Defense Secretary Pete Hegseth renewed threats to attack Iran’s civilian infrastructure if a deal isn’t reached.
                </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%252Fpretzel_1f968.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU5NjY0OH0:1wDfdp:Vn2FLuOoC2Ii5hTFxbXqE3cDaQpUcrhbVMs2-TbQpRo" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  PepsiCo’s price cuts are working.
                 </strong>
                 If you slash, they will snack. That’s the takeaway from PepsiCo’s first-quarter earnings report, which showed that revenue spiked 8.5%, to $19.4 billion, as the company
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  cut prices
                 </a>
                 on snacks like Lay’s and Doritos. After implementing a series of price
                 <em>
                  increases
                 </em>
                 in 2022 to counter pandemic-induced inflation, the food giant changed its tune last year, slashing prices for several of its signature brands by as much as 15% while under pressure from an activist investor to boost sales. CEO Ramon Laguarta said shoppers are “responding to our holistic value.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Frobot-face_1f916.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTU5NzU2OX0:1wDfdp:VLVVrhtIiAojd3TgdmQpd1oJlg1yxhzkXjJk_ppncWI" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Anthropic released a new Claude model that’s “less capable” than the scary one.
                 </strong>
                 Yesterday, the AI company
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  rolled out
                 </a>
                 Claude Opus 4.7, which it says is its best publicly available model yet. It is not, however, as advanced as Claude Mythos Preview, the model that caused a panic last week when Anthropic said it was restricting access to it because it’s too powerful to be released to the public. A number of tech companies, including Microsoft and Nvidia, are currently working with Anthropic to detect cybersecurity vulnerabilities within Mythos before it’s made widely available. The White House reportedly wants federal agencies to start using Mythos.
                 <em>
                  —AE
                 </em>
                </p>
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            START SPREADING THE NEWS
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 NYC plans to tax rich people’s backup homes
                </a>
               </p>
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                 Web-spinning spiders living in penthouses overlooking Central Park might soon see a tax on their dwellings. This week, New York Gov. Kathy Hochul and NYC Mayor Zohran Mamdani
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  announced
                 </a>
                 a proposed tax on non-primary residences in the Big Apple that are valued above $5 million.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The measure would affect about 13,000 second homes—aka pied-à-terres—owned by wealthy folks who mostly live elsewhere but use them as investments or a place to crash when visiting town.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Taxing out-of-towners
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Mamdani pitched the measure as a charge on “the ultra-wealthy and global elites” that would help the city close its $5.4 billion budget gap. The Hochul administration said the proposal would bring city coffers at least $500 million yearly. An independent estimate put the haul at $232 million for a similar proposal in 2020.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Proponents argue that absent neighbors should have to pull their weight:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   They say that the tax targets property owners who don’t pay local taxes or patronize nearby businesses, yet benefit from municipal services that support their home values.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Several major cities like Paris and Vancouver already tax empty cribs.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But…
                 </strong>
                 local real estate industry groups say it will undermine NYC’s luxury-housing market, reducing tax proceeds from bougie home sales and costing construction and maintenance jobs.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 Hochul aims to include it in the next state budget that lawmakers are currently negotiating.
                 <em>
                  —SK
                 </em>
                </p>
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            WE’RE WALKING
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                 Even the train to the World Cup is expensive
                </a>
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                <small>
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                  Nick Iluzada
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Oh,
                 <em>
                  now
                 </em>
                 everyone cares about going to New Jersey. NJ Transit’s plans to ratchet up the price of a round-trip ticket from New York’s Penn Station to New Jersey’s MetLife Stadium to ~
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  $150
                 </a>
                 during this summer’s FIFA World Cup has sparked an outcry, according to The Athletic.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The 18-mile rail journey normally costs $12.90 for a return ticket, so the roughly 1,163% price hike has shocked fans, who have few other options to get to and from the eight games hosted at MetLife Stadium—including the championship.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Now, it’s political:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   NJ Gov. Mikie Sherrill, who inherited the FIFA contract when she took office in January, released a video yesterday
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    accusing
                   </a>
                  </span>
                  <span>
                   FIFA of taking advantage of the state’s transit system by providing $0 to help offset the $48 million added cost for the event.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   But FIFA doesn’t typically help pay for transportation costs.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Big picture:
                 </strong>
                 The hundreds of thousands of World Cup fans expected to descend on the area in June and July are already feeling
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  stretched thin
                 </a>
                 by FIFA’s non-transparent, sky-high ticket prices. Even with nearly a third of tickets unsold, prices have reached record-breaking levels—with seats at some desirable games going for as much as $10,000 each.—
                 <em>
                  MM
                 </em>
                </p>
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                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff61048cc7cca6e313215d18ddc546bbb9f5279dd-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYwNTk0fQ:1wDfdp:GHqrSPFwXkykMxuC0rQqSxEvIFLqvJqSV2KV7WjBPL8" style="width:25px;display:inline-block" width="25"/>
                   </a>
                   <span>
                   </span>
                   <a rel="noopener" style="text-decoration:none" target="_blank">
                    <img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4d40d61a934b028861fc21c8ae1f827b99638c5-96x96.png%253Fw%253D50%2526fit%253Dmax/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYwNjg4OH0:1wDfdp:XbZ435Em0CtXIiNguIg0TynSpmez2jGO6HAecuk-xBg" style="width:25px;display:inline-block" width="25"/>
                   </a>
                  </td>
                 </tr>
                </table>
                <!-- END SOCIAL LINKS -->
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <tr>
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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">
            STAT
           </p>
          </div>
          <table border="0" cellpadding="0" cellspacing="0" class="story-content-container" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="story-content">
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Prime number: Guess who bought ~1 in 5 Cybertrucks
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <img alt="SpaceX and Tesla Cybertruck" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-16%252Fimage-d7e01478551cb6c98773368fa8bb99219d310591-7377x4815-jpg%252FGettyImages-2269581512.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTYwNzg5fQ:1wDfdp:NU7JuPsVVbjLH3_N3yxXQW_APCeMXX1PKsZYxqc-0D4" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Mario Tama/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 This is a bit like when your own parents had to buy your brownies at the bake sale because the other kids were unsurprisingly not into the weird-looking walnuts. According to Bloomberg, Elon Musk’s SpaceX bought nearly
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  1 in 5
                 </a>
                 of the Cybertrucks that were sold by Elon Musk’s Tesla in Q4:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   SpaceX’s purchases were likely worth more than $100 million in total.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Cybertruck sales would have plummeted by 51% in the quarter if not for the purchases by Musk’s other companies.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Bloomberg reported that the Musk-to-Musk Cybertruck sales pipeline has continued into this year. One auto expert told the outlet that Tesla is “running out of buyers” for the electric pickup truck that critics say looks like a toolbox.
                 <em>
                  —AE
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
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       <!--[if !mso ]><! -- -->
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       <!-- <![endif]-->
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          <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">
            READER POLL
           </p>
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                <div class="snap-poll-container" style="margin-bottom:15px;line-height:22px">
                 <div style="margin-bottom:5px">
                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Do you know anyone who owns a Cybertruck?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, *I* do
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes, a friend or family member
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, but I’ve seen them around
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No, and I’ve never even seen one
                  <br/>
                 </a>
                </div>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
      </div>
      <!-- <![endif]-->
      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
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          <div class="tag-container" style="padding:15px 15px 0">
           <p class="h3" style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700;line-height:22px">
            Sponsored By GroupTogether
           </p>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Sponsor: GroupTogether" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-16%252Fimage-6e0de01c579bd8efb582447ff1293e60ac73e297-1200x1026-webp%252Fadminday-receiptpage.webp/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTYwODg4Nn0:1wDfdp:yLS1Jv1_DBnBxhkwhHFY-S8P1Qpiht2Y3SZ47nfvzjs" 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">
               Nearly half of EAs feel underappreciated.
              </strong>
              Yet 41% of their colleagues admit the office would implode without them for a week.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Admin Professionals Day is April 22
              </a>
              —close the gap with GroupTogether. Send a group card, collect for a gift, or let them pick from 150+ brands with an AnyCard. Done in minutes. No subscriptions.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Just appreciation, delivered
              </a>
              .
             </p>
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      <!-- END STORY ARTICLE -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
        <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>
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           <tr>
            <td class="story-content">
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              <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>
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTYwOTg4OH0:1wDfdp:Zx2TolxbjR5yHhd6dQOlkBO6Vl7obLbA30QTThTchTs" 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" 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 eating the big glob of cheese left in the pizza box.
                </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 ]><! -- -->
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      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
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          <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" style="border-collapse:collapse" width="100%">
           <tr>
            <td class="card-content">
             <table border="0" cellpadding="0" cellspacing="0" 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" 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">
                    Former Virginia Lt. Gov. Justin Fairfax
                   </a>
                  </span>
                  <span>
                   shot and killed his wife and then killed himself after a “domestic dispute,” police said.
                  </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">
                    Reed Hastings
                   </a>
                  </span>
                  <span>
                   , the co-founder and former CEO of Netflix, is stepping down from the streaming giant’s board of directors to focus on philanthropy.
                  </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">
                    Gatorade
                   </a>
                  </span>
                  <span>
                   is rebranding to broaden its appeal beyond athletes, the company revealed yesterday.
                  </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">
                    Charles Schwab
                   </a>
                  </span>
                  <span>
                   launched a crypto-investing product to compete with Robinhood and Coinbase.
                  </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">
                    New research
                   </a>
                  </span>
                  <span>
                   showed that taking Tylenol during pregnancy has no effect on children developing autism.
                  </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">
                    Condé Nast
                   </a>
                  </span>
                  <span>
                   is shuttering its women’s health magazine, Self, after 47 years, and folding its content into other brands like Allure and Glamour.
                  </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">
                    <em>
                     Top Gun 3
                    </em>
                   </a>
                  </span>
                  <span>
                   is in the works, with Tom Cruise set to return as Pete “Maverick” Mitchell, Paramount Pictures announced.
                  </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">
                    QVC
                   </a>
                  </span>
                  <span>
                   is preparing to file for bankruptcy, which will really put a dent in Lori Greiner’s pitch to entrepreneurs on
                  </span>
                  <span>
                   <em>
                    Shark Tank
                   </em>
                  </span>
                  <span>
                   .
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
      <div class="c6" style="margin-bottom:7px">
       <!-- <![endif]-->
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        <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" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzY0MTg2NTcuOTYxMDg5MX0:1wDfdp:52ANtk8uDDUHMD6BVXvNWXIS6CxMZ7eY_zoZ6R1Gdno" 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" 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxMTc2NH0:1wDfdp:bFUBe397dNS3fnC38dOQob1t0VIAdg_iyr90PlzcNCk" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Get comfy:
                  </strong>
                  Add this Mongolian
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   cashmere sweater
                  </a>
                  to your spring rotation.**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxMjYzfQ:1wDfdp:oGkvxyADox-BqHNa8hf-0ZiFc2AtcQr2T0dx3aVgROU" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Feast:
                  </strong>
                  The most
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   iconic steakhouse
                  </a>
                  in every US state.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxMzUwNH0:1wDfdp:SxyvkCuNfeNS5VL5aI4zVV_DTngVhdMcbjGUxNg5qcs" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   A running list
                  </a>
                  of the big movie news coming out of CinemaCon this week.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxNDM3fQ:1wDfdp:aE0a77ma0AnC2Jef0uisdb_hZUP_huKvO-2sIywXyNA" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Learn:
                  </strong>
                  The science behind wanting to just sit
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   in your driveway
                  </a>
                  after a long day.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxNTIzfQ:1wDfdp:FUdseCL4GFFUVdVTHu_4YqPqRyENQK1Ay5hymmpd1Og" 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>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
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            PLAY
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Jigsaw:
                 </strong>
                 Whether or not you filed your taxes on time, someone in this week’s puzzle is very happy to see you. See what we mean.
                 <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">
                 Friday puzzle
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s brain teaser was created by the legendary puzzlemaster Will Shortz.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Take a country in the world, anagram that country to form a word, find a homophone of that word, then anagram it to form another country.
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            SHARE THE BREW
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                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzY0MTg2NTcuOTYxNzE2NH0:1wDfdp:A-7sxaF578aNUBEQil2EKaWsBtDtwmzZOeJHFCfQkD4" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
                </a>
                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/r/?kid=979c4554
                 </a>
                </p>
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            ANSWER
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Iran → rain → reign → Niger
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: tenuous, meaning “weak, insubstantial, not strong or secure.” Thanks to Floyd from St. Louis, MO, for the suggestion. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
                 </a>
                 .
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             <p style="margin-top:0;margin-bottom:15px;font-size:16px;line-height:10px">
              <strong style="color:#000">
               ✳︎ A Note From State Street Investment Management
              </strong>
             </p>
             <span style="font-size:16px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               ​​
               <strong style="color:#000">
                Before investing, consider the funds’ investment objectives, risks, charges, and expenses. To obtain a prospectus or summary prospectus, which contains this and other information, call 1-866-787-2257 or visit
               </strong>
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                www.ssga.com
               </a>
               <strong style="color:#000">
                . Read it carefully.
               </strong>
               Investing involves risk. ALPS Distributors, Inc. (fund distributor); State Street Global Advisors Funds Distributors, LLC (marketing agent)
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              </p>
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               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                <strong>
                 State Street Global Advisors (SSGA) is now State Street Investment Management. Please click here for more information
                </strong>
               </a>
               .
              </p>
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