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   Daily Brew // Morning Brew // Update
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             August 26, 2025
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               MARKETS
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyMTYzMn0:1uqqNu:sZKhFk4iC1ckvA3Lx2zd3F1Z_SvfrA_uLbRdfsXVtNk" style="width:22%" width="20"/>
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                  Nasdaq
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  21,449.29
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.22%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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                 <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyMjc1OH0:1uqqNu:tcjN56Bvxro6f-mLI-pg3T-gvBLe_cjxPafgDPe2wNI" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  6,439.32
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.43%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyMzcwN30:1uqqNu:e3l9j28v1hf34Xx3RUOi_s3DSnCgcQzmFFuedjGwPBI" 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">
                  45,282.47
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -0.77%
                    </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">
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyNDYxNX0:1uqqNu:Liwjy7YKSfAY-v_R8M3qdnEUDhw7mecuyDHDyHTHJtU" 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">
                  4.275%
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +2.0 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%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyNTUyOH0:1uqqNu:TfLzBGWaK3tXBi-fHjYfTneFRBVnCsgmI57YwYggm7Y" 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">
                  $110,063.80
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -2.61%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Nvidia -->
            <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyNjQyMn0:1uqqNu:ivlZnoM0MEVJFkmaSCm2DOvXWhR0z3BBJRv-QYVqXZ8" 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">
                  Nvidia
                 </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">
                  $179.81
                 </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">
                     +1.02%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nvidia -->
            <!-- START REGULAR TEXT -->
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             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
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                <td style="padding-right:4px">
                 Data is provided by
                </td>
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                  <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIyNzM1Mn0:1uqqNu:GjHZxztncrJch7MqSg8KNpxPiGvirtuDWILXNFMblrk" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 6:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
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            <!-- END REGULAR TEXT -->
            <tr>
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              <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 came down with a case of the Mondays yesterday,
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  falling
                 </a>
                </span>
                <span>
                 after rallying on Friday like your most hardcore colleague at Happy Hour. Nvidia rose as everyone waits for its earnings report tomorrow, but it wasn’t enough to keep the good times rolling for the tech-heavy Nasdaq.
                </span>
               </li>
              </ul>
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      <!-- STORY ARTICLE -->
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            SHIPPING
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Countries pause package deliveries to the US
                </a>
               </h1>
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              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Anna Kim
                 </em>
                </small>
               </span>
              </p>
             </div>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 It’s past time to decide on that funky lamp from Denmark you keep eyeing online: Postal services around the world are pumping the brakes on shipments to the States while they adapt to new US tariff rules that kick in this week.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  ICYMI:
                 </strong>
                 The de minimis exemption—a longstanding import policy that lets retailers ship packages worth up to $800 to US customers duty-free—will be suspended on Friday by an executive order. President Trump already ended the exemption for China and Hong Kong in May, leading fast-fashion giants Shein and Temu to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  raise their prices
                 </a>
                 .
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Now that the exemption is about to end for everybody, it’s likely to impact a lot of packages—de minimis shipments make up more than 90% of cargo entering the US by volume, according to Customs and Border Protection. Mail carriers around the world are pausing at least some US-bound parcels while they work through what they consider “ambiguous policies and the need to establish brand-new logistics systems,” NPR
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  reported
                 </a>
                 .
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   More than a dozen European countries, including France, Italy, and Spain, have halted some merchandise shipments to the US.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   India, Thailand, South Korea, Singapore, New Zealand, and Australia have also announced pauses.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Stoppage time could vary:
                 </strong>
                 The UK said its pause should only last one or two days while it finalizes a new tariff-calculating service to invoice companies properly. Germany’s DHL Group, on the other hand, doesn’t have a timeline estimate other than “as quickly as possible,” per NPR.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 How this will affect your online shopping
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Whether you’re ordering jeans, an Etsy craft, the latest viral plush toy, or any regular ol’ consumer product, if it isn’t Made in the USA, you could be in for delays and higher checkout totals.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Beginning on Friday…
                 </strong>
                 all international merchandise headed to US customers’ doors will be subject to the same overall tariff rate that their country of origin has been slapped with, or close to it, meaning pretty much anything you order could cost you at least 10% more than it does now.
                 <em>
                  —ML
                 </em>
                </p>
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            Presented By The Motley Fool
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              Putting the “it card” in credit card
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              If you’re looking to be a card-carrying member of the
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              , look no further.
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              And it’s not just about saving interest on purchases. Balance transfer credit cards can actually help you
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              . Here’s how it works: Transfer your existing balance to the card and pay it down as much as possible during the 0% intro APR period.
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               Learn more
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            WORLD
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                 Tour de headlines
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              <img alt="Federal Reserve Board Governor Lisa Cook" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Ff1787393b578012190aae1313e27fe3b3abc948c-1024x683.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIzMjg4M30:1uqqNu:B0kgmgQdWiabEVre8FDiIJ8OQEsrBicAEwVQEnXmtzQ" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
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                 <em>
                  SAUL LOEB / AFP
                 </em>
                </small>
               </span>
              </p>
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                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fbank_1f3e6.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIzMzc1Nn0:1uqqNu:ySv0akyvbfcmE-0pItlHtFteNwoFfjtgXchivRiOmWg" style="max-width:18px" width="18"/>
                  Trump fires Federal Reserve Governor Lisa Cook.
                 </strong>
                 Escalating his pressure on the independence of the central bank, President Trump yesterday
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  posted
                 </a>
                 a letter on Truth Social saying he was firing the Fed board member, citing allegations that she had lied on mortgage loan documents. The president can only remove Fed officials for cause, and Trump’s letter said the allegations against Cook—which were raised by his ally Bill Pulte, the leader of the Federal Housing Finance Agency—provided that cause. It was not immediately known whether Cook, who previously said she would not be “bullied” out of her role, would sue over the president’s decision, but if she does, it would likely ultimately be decided by the Supreme Court. Trump, who wants the Fed to lower interest rates, has also threatened in the past to fire Chair Jerome Powell.
                </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%252Fscales_2696.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIzNDYwN30:1uqqNu:tL5ht2_tjCSMMITEWSGH2gohMR92fWvJ0_uBFdWqm4E" style="max-width:18px" width="18"/>
                  Judge blocks deportation of Kilmar Ábrego Garcia for now.
                 </strong>
                 A Maryland federal judge
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  ruled
                 </a>
                 yesterday that the US is “absolutely forbidden” from removing Ábrego Garcia—whose case became a flashpoint in debates over the Trump administration’s immigration policies after he was mistakenly deported to El Salvador—from the country until she hears further legal arguments. Ábrego Garcia, a Salvadoran national whom the US charged with human smuggling and accused of being a gang member after bringing him back to the States, faces possible deportation to Uganda after being detained by ICE days after a judge ordered his release from jail.
                </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%252Foffice-building_1f3e2.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIzNTQ2OH0:1uqqNu:vPmWl73iCnVoLRk-ELuFXRuT37SeJ8mAGT1lk_sNqIw" style="max-width:18px" width="18"/>
                  Beleaguered property giant China Evergrande delisted from HK exchange.
                 </strong>
                 Capping off its fall from grace, the developer—which was once valued at $51 billion and helped fuel an economic boom in China—was
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  removed
                 </a>
                 yesterday from the exchange, where its shares had been suspended since January 2024 after it was placed in liquidation. Evergrande had been China’s largest developer by sales, but it also racked up more than $300 billion in debt. It quickly contracted when the government cracked down on lending and property sales slumped, and its collapse rippled through China’s economy.
                 <em>
                  —AR
                 </em>
                </p>
               </td>
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            TECH
           </h3>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Musk sues OpenAI and Apple, saying they hinder Grok
                </a>
               </h1>
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               <img alt="Elon Musk OpenAI" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F2f22bd3b8a6e3f1de66cd94df3644da13dfd5815-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTIzNjM5NX0:1uqqNu:G1oxnh8m649aJTo57IhVHhVbmncgiU-HOL64ArruXq4" style="width:100%;max-width:670px;display:block" width="670"/>
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               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Chip Somodevilla, UCG/Getty Images, Runrun2/Adobe Stock
                 </em>
                </small>
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                 Elon Musk’s xAI sued Apple and OpenAI for billions of dollars yesterday, alleging their partnership is preventing “groking” from becoming a common verb.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The lawsuit alleges that the “two monopolists” teaming up last year to embed ChatGPT into iPhones
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  led them
                 </a>
                 to corner the AI market and throttle Musk’s companies:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The legal complaint claims that Apple is preventing xAI’s Grok chatbot from growing by making ChatGPT the only AI tool automatically integrated into its devices. The suit also asserts that Apple is artificially suppressing Grok’s App Store rankings and delaying its app updates.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   xAI’s lawyers argue that undermining Grok hurts X, which draws on Grok’s functionalities in its quest to become an “everything app.”
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  But…
                 </strong>
                 X users were quick to point out that apps from OpenAI rivals DeepSeek and Perplexity reached the App Store’s No. 1 slot after Apple partnered with the ChatGPT maker. And OpenAI said the lawsuit is “consistent with Mr. Musk’s ongoing pattern of harassment.” Musk previously sued OpenAI, which he helped found but later left, accusing it of illegally straying from its nonprofit mission last year.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  It’s not Apple’s first antitrust accusation:
                 </strong>
                 A government lawsuit similarly argued that Apple thwarted super apps that could make it easier for people to ditch iPhones. Meanwhile, a judge in a separate case sided with
                 <em>
                  Fortnite
                 </em>
                 maker Epic Games and ordered Apple to remove barriers for competing payment options for in-app purchases.
                 <em>
                  —SK
                 </em>
                </p>
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            Together With AT&amp;T Connected Car
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            FOOD &amp; BEV
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                 Dr Pepper to buy Peet’s, split off coffee businesses
                </a>
               </h1>
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                 <em>
                  Michael M. Santiago/Getty Images
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                 Keurig Dr Pepper said yesterday it would
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  acquire
                 </a>
                 Peet’s Coffee owner JDE Peet’s for $18 billion and then break up its soft drink and coffee businesses into separate entities in 2026. The spinoff will essentially reverse the 2018 merger between Keurig and Dr Pepper that placed all the drinks that get you through your mid-afternoon malaise under one umbrella.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 So, why is the company acting like Sandra Bullock and Ryan Reynolds in
                 <em>
                  The Proposal
                 </em>
                 and simultaneously planning a marriage
                 <em>
                  and
                 </em>
                 a divorce? The coffee side could use a pick-me-up:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   While Dr Pepper was the second-most-popular soda in the US behind Coca-Cola last year, and Keurig Dr Pepper reported that US beverage (non-coffee) sales grew ~11% year over year in Q2, coffee sales were down 0.2%.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   That comes as the coffee industry has slowed in recent years. Now, prices are expected to rise due to President Trump’s 50% tariffs on Brazil, the world’s biggest coffee producer.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The companies have done the bean counting and expect this deal to create $400 million in savings over three years.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Parting shots:
                 </strong>
                 It’s not the only major food company going through a breakup. Kellogg Co. split off its lucrative snack company (Kellanova) from its underwhelming cereal branch (WK Kellogg) in 2023. Last year, Mars bought Kellanova for $36 billion, and in July, Ferrero said it intends to purchase WK Kellogg for $3.1 billion. Kraft Heinz is reportedly planning a similar separation that would effectively undo the 2015 merger that created it.
                 <em>
                  —DL
                 </em>
                </p>
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            STAT
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                 Prime number: Iconic home reno project
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              <img alt="Fallingwater" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fd4d670e872bc93c6772b6d9cad75a65b49d1fe54-1500x1000.jpg%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0NTA0fQ:1uqqNu:HLM9tOEspPoRljHJN7Jx93z2ORak1wgPQVGWxcsXXmU" style="width:100%;max-width:670px;display:block" width="670"/>
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                 <em>
                  Picture alliance/Getty Images
                 </em>
                </small>
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              </p>
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                 Fallingwater was always a pretty literal name for a house built cantilevered over a waterfall, but now it’s got an even more on-the-nose meaning: According to the Washington Post, Frank Lloyd Wright’s architectural marvel now requires a $7 million renovation because
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  it’s leaking
                 </a>
                 .
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 There is a twist, though. It’s not actually the waterfall that’s to blame for the “water infiltration challenges” plaguing the Pennsylvania house, which was constructed in the late ’30s for department store owner Edgar J. Kaufmann Sr. and is now a UNESCO World Heritage site and tourist attraction for organic architecture admirers:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Water has been coming in around the window and door frames, as well as through cracks in the walls.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The renovation seeks to preserve the historic home by replacing or fixing those frames and walls, as well as the roofs.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Leaks are a known problem with the master architect’s work. “In the Wright community we describe our houses by how many buckets it requires to capture all the leaks,” Fallingwater Director Justin Gunther told the Post. “We’re hoping to get to no buckets.”
                 <em>
                  —AR
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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      <!-- STORY ARTICLE -->
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          <div class="tag-container" style="padding:15px 15px 0">
           <h3 style="color:#1c7ff2;text-transform:uppercase;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            Together With Nurp
           </h3>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Nurp" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F28697679a2636c0b7c4e9b5e55683cea24c255a3-1346x898.png%253Fw%253D668%2526q%253D90%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0NjA5Mn0:1uqqNu:vqzMibWbUpw0vl5R4DX0GYFWJPLG5YZTdIhq8KQGORY" 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">
               Your capital, amplified.
              </strong>
              Nurp’s newest program licenses algorithmic trading software that trades with up to
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               5x your initial deposit
              </a>
              , accelerating returns while keeping control in your hands. What was once reserved for institutions is now available to individuals ready to scale their portfolio faster.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Book a strategy call
              </a>
              and see how leverage can work for you.
             </p>
            </td>
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      <!-- STORY ARTICLE -->
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       <!-- <![endif]-->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            NEWS
           </h3>
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            <td class="card-content">
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               <h1 class="story-title" style="color:#000;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 What else is brewing
                </a>
               </h1>
              </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">
                    Countries that impose digital taxes
                   </a>
                  </span>
                  <span>
                   will face steep tariffs and restrictions on US chip exports, President Trump threatened 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">
                    President Trump
                   </a>
                  </span>
                  <span>
                   signed an executive order requiring the Justice Department to prosecute people for burning the American flag, saying it should lead to a one-year jail term. The Supreme Court has previously ruled that burning the flag is protected by the First Amendment.
                  </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">
                    An Israeli strike
                   </a>
                  </span>
                  <span>
                   on a hospital in Gaza killed 20 people, including five journalists. Israel’s Prime Minister Benjamin Netanyahu called it a “tragic mishap.”
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The first human case
                   </a>
                  </span>
                  <span>
                   of the flesh-eating screwworm parasite has been detected in the US, per the Department of Health and Human Services.
                  </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">
                    Ismael “El Mayo” Zambada Garcia
                   </a>
                  </span>
                  <span>
                   , a former leader of Mexico’s Sinaloa Cartel, pleaded guilty to US federal charges of racketeering and running a continuing criminal enterprise, and he apologized for the harm illegal drugs have caused.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The Pumpkin Spice Latte
                   </a>
                  </span>
                  <span>
                   returned to Starbucks today, which means summer is over and your beverage budget is toast.
                  </span>
                 </li>
                </ul>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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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%">
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            RECS
           </h3>
          </div>
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            <td class="story-content">
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              <img alt="To-do list banner" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F762cbc4c673b8613a0de1bf6711a4fc25276f7a4-1350x330.png%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0NzAwM30:1uqqNu:zYVUdbaBZFBAtQnJoKzd0bCGj-NBDwSUVHJgu4AxDls" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                 </em>
                </small>
               </span>
              </p>
             </div>
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              <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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0Nzg2fQ:1uqqNu:cDW-IRSJNTwhYXKKVUWGCvexLWlXxEj0lcjxMoJj0jU" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Walk:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Crazy comfy clogs
                  </a>
                  that feel like slippers, but you can wear them outside.**
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0ODY5NX0:1uqqNu:nb0Rli4JWLx5KNsoHHQUWJPQ4MqVU8-sSwkPa4ZYUxE" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Don’t get confused:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   words
                  </a>
                  we’re most likely to mistake for each other.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI0OTUzfQ:1uqqNu:TNk0RNydPqxHvZzndo8c3TTWYdDVuhwoaIKArBPg8Ww" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Learn:
                  </strong>
                  Make Elle Woods proud by discovering the history of
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   polka dots
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI1MTA0NH0:1uqqNu:Tmy8OYRYV3wQD5UZhMe5ifK5NeE1SgrY3EDCWCPhtnQ" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   Read:
                  </strong>
                  The
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   books
                  </a>
                  you’re going to want this fall.
                 </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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI1MjE0fQ:1uqqNu:nw3P7stcUYQwqaJ-xXCYvMDTO21bB_bF58AMzBeNZZM" style="max-width:18px" width="18"/>
                  <strong style="color:#000">
                   GMO? Heck, no:
                  </strong>
                  From
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Grass-Fed Collagen Peptides
                  </a>
                  to
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   Daily Superfood Greens
                  </a>
                  , Quince’s high-quality nutritional supplements are non-GMO and expertly made. Try ’em for yourself.*
                 </p>
                 <placementslot data-id="bc23b4de3248">
                 </placementslot>
                 <placementslot data-id="b2e2e43e334c">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product
                   </em>
                   <em>
                    recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
               </td>
              </tr>
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           </tr>
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            PLAY
           </h3>
          </div>
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            <td class="story-content">
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              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F3524949da8d220051120175f97246671d52e0b38-2700x660.png%253Fw%253D668%2526q%253D70%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI1MzA3fQ:1uqqNu:JrU_D1-69L5-ykQF6LZRYMRjCj4dcKNBmUdQ4UVAWuQ" 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>
                 </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">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 Elphaba’s fans may have a leg up in today’s Mini. Whether you’re a good witch or a bad witch,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  play it here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Dog trivia
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 To celebrate National Dog Day, name the top five most popular breeds in the US, according to the American Kennel Club. Hint: This top five hasn’t changed since 2022.
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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           <h3 style="color:#1c7ff2;margin-top:0;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:700">
            SHARE THE BREW
           </h3>
          </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%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Share Morning Brew
                 </a>
                 with your friends, acquire free Brew swag, and then acquire more friends as a result of your fresh Brew swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 We’re saying we’ll give you free stuff and more friends if you share a link. One link.
                </p>
                <a>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <img class="img-responsive" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe8c0d668fd2ce584105a14629f9409b29ddffc91-3840x2160.png%253Fw%253D640%2526q%253D60/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NTYyMDIwNzQuOTI1Mzk2fQ:1uqqNu:yepzaeqzqrYgaetxQrRKQpClO1GNPyAxmee6oXYYmw4" style="width:100%;max-width:640px;display:block;width:100%!important" width="640"/>
                 </p>
                </a>
                <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/daily/r/?kid=979c4554
                 </a>
                </p>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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