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The homebuying season had a rocky start....
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May 12, 2026
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—
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In today’s newsletter,
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The housing market’s spring slump
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Wordle coming to your TV
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<!-- <![endif]-->
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<td class="card table-head" style="color:#333;border-collapse:collapse;box-shadow:none;text-align:left;background-color:#fff;border:1px solid #e6e6e6;border-radius:15px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:400;display:block">
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MARKETS
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<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td class="pad5m">
</td>
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<!-- Nasdaq -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1MzQ1fQ:1wMjLd:ICmwVVRr1vbmDMEufjo0s7SXuA7-BN4jNJvmV0yvE3s" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Nasdaq
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
26,274.13
</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">
+0.10%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Nasdaq -->
<!-- S&P -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1NDQyNX0:1wMjLd:DO3Z_ZEZwdSd6YB9QieTa-cvOKnT1P83QZ6M8L2vYHY" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
S&P
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
7,412.84
</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">
+0.19%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END S&P -->
<!-- Dow -->
<tr>
<td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
<tr>
<td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
<img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1NTMyOH0:1wMjLd:IuNtFQsOL7PqujkIoWxaar13PxoiELdFo4xRGXi6FFQ" 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">
49,704.47
</p>
</td>
<td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
<table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
<tr>
<td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
+0.19%
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1NjIxNX0:1wMjLd:J67XVBZGy5JQXesUWYcOKM-1WubXbjmlD-z2DGwA8vk" 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">
4.410%
</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">
+5.0 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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1NzA4OH0:1wMjLd:Ev2QTni0ubZN9nQ8bpz7RiZdKN1J68VoOy0PRSI8zlY" style="width:22%" width="20"/>
</td>
<td class="markets-ticker-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
Bitcoin
</p>
</td>
<td class="markets-value-cell" style="width:34%" valign="middle">
<p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
$81,725.15
</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">
+1.27%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Bitcoin -->
<!-- Micron -->
<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1Nzk2OH0:1wMjLd:ANfBI2KxKuVWu8bz9QZkGTjsiJaeumC_X1wtl8ww8f4" 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">
Micron
</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">
$795.33
</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">
+6.50%
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
<!-- END Micron -->
<!-- START REGULAR TEXT -->
<tr>
<td style="padding:3px 15px 10px">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
<tr>
<td style="padding-right:4px">
Data is provided by
</td>
<td style="margin:0;padding-right:5px">
<a style="display:block" target="_blank">
<img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY1ODkxfQ:1wMjLd:oVbftEk4_602s4wdTKRU5qUxNNYJPhgqYdLpSnG8JuY" 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 5:00pm 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>
Like your neighborhood Mexican restaurant, the stock market is relying on chips. The S&P 500 and the Nasdaq both closed at
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
record highs
</a>
</span>
<span>
yesterday even as oil rose because chip stocks continued to soar. Micron clinched a record of its own.
</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 ]><! -- -->
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<!-- STORY ARTICLE -->
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NOT BUYING IT
</p>
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It’s spring but nobody is buying houses
</a>
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Morning Brew Inc., Photos: Adobe Stock
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If you noticed a realtor looking particularly despondent at a recent open house, it’s probably because everyone is eating the free food but nobody is making an offer. Despite expectations for the sluggish housing market to take off during the usually busy spring season, home sales
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
remained flat
</a>
in April, a sign that a resurgence isn’t likely to happen.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Sales of existing homes rose 0.2% last month—that’s better than the 2.9% they
<em>
fell
</em>
in March—but economists surveyed by the Wall Street Journal had
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
anticipated a 3% increase
</a>
for April after the 30-year mortgage rate dropped below 6% at the end of February. The reasons behind the reluctance to buy property are varied, but they mostly boil down to: “Nobody can afford nice stuff.”
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
The war in Iran pushed mortgage rates back above 6% and triggered inflation concerns among buyers.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Agents told the WSJ that buyers are also put off by a frozen
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
job market
</a>
</span>
<span>
and steep home prices.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
The national median existing-home price in April was $417,700, an all-time record high for the month, according to the National Association of Realtors (NAR).
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
More inventory needed:
</strong>
There were 1.47 million unsold homes on the market last month, the highest number for April since 2019, but still far below the 2 million average that was the norm before the Covid-19 pandemic. Beyond having more people suddenly be able to afford to stop renting, NAR chief economist, Lawrence Yun, told the AP a
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
30% increase
</a>
in inventory would help put buyers and sellers on more even terms.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Looking ahead:
</strong>
What happens next may depend on where the current 6.37% mortgage rate goes. WSFS Home Lending president, Jeffrey Ruben, told the WSJ that if the rate falls back below 6%, sales will rise. But if it goes above 6.5%, it could scare away even more potential buyers.
<em>
—DL
</em>
</p>
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Sponsored By PwC
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Mind the AI gap
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We bet you can’t go the entire day without hearing about AI. And while that’s all well and dandy, constant presence doesn’t necessarily equal
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
consistent value
</a>
.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
PwC shares that while 43% of CEOs report revenue gains or cost reductions from AI, nearly the same number (42%) say they’re still…stuck.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
The gap isn’t about investment. It’s about clarity—knowing
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
where AI can create measurable impact
</a>
. And PwC has the tools and resources to help you understand where that value can be uncovered in your organization.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Accountability looks like linking initiatives to measurable outcomes, like faster cycle times (up to 60% in software development) or significantly improved operations (e.g., hiring timelines reduced by ~75%).
</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">
Forge an approach to AI
</a>
that fills the gap, not widens it.
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WORLD
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Tour de headlines
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<em>
Justin Sullivan/Getty Images
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<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Ffuel-pump_26fd.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY2NTU4NX0:1wMjLd:R2XORFSPNIbNJK4PVA1TbXHESx80TaxiUHENuFuFlW4" style="max-width:18px" width="18"/>
<strong style="color:#000">
Trump backs gas tax suspension with Iran ceasefire “on massive life support.”
</strong>
President Trump
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
said
</a>
yesterday he supports suspending the federal gasoline tax “until it’s appropriate” as fuel prices spike amid the Iran war and the closure of the Strait of Hormuz. That suspension would require Congressional approval, but some Republican lawmakers are embracing the idea. The average price of gas has risen 50% since the war began, according to AAA. Meanwhile, the conflict does not appear close to resolution after Trump rejected Iran’s response to the latest US peace proposal. A tenuous ceasefire is in place, but Trump
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
said
</a>
yesterday, “The ceasefire is on massive life support, where the doctor walks in and says, ‘Sir, your loved one has approximately a 1% chance of living.’”
</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%252Fflag-for-china_1f1e8-1f1f3.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY2NjQ4fQ:1wMjLd:ANC6UWcGR_Q-dY2rCC3PU6_F6PNoWvzUgFXD-bap3lI" style="max-width:18px" width="18"/>
Elon Musk and Tim Cook among CEOs joining Trump in China
</strong>
. When President Trump arrives in China tomorrow for his high-stakes summit with Xi Jinping—which is expected to cover everything from the war in Iran to AI and Taiwan—he won’t be alone. Instead, he’ll be rolling deep with a crew of business leaders as he works to clinch investment and trade deals. The White House said yesterday that he
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
has invited
</a>
Tesla’s Musk and Apple’s Cook, as well as executives from other companies, including Boeing, Goldman Sachs, Blackstone, BlackRock, and Meta. One
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
notable absence
</a>
from the group is Nvidia’s Jensen Huang.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fscales_2696.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY2NzM0fQ:1wMjLd:66wB7Vljk7DCRm2QfwVbH_6UN-ogcN6Dkb0rSEcob58" style="max-width:18px" width="18"/>
<strong style="color:#000">
Microsoft CEO testifies in OpenAI trial.
</strong>
The trial in Elon Musk’s lawsuit claiming OpenAI has strayed from its initial nonprofit mission entered its third week yesterday, and it has already had more billionaires speak than any other event taking place outside of a megayacht. Satya Nadella, the CEO of Microsoft,
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
took the stand
</a>
yesterday. Microsoft is named as a defendant in the case, alongside OpenAI, its CEO, Sam Altman, and its president, Greg Brockman. Nadella testified that his company’s billions in investments in the AI startup were not donations—and that Musk never contacted him to say they violated any special agreements. “We have each other’s phone numbers,” Nadella told the jury. Altman is expected to testify later this week.
<em>
—AR
</em>
</p>
</td>
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SHORT KING IN COURT
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The trial that could upend short selling
</a>
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<img alt="Andrew Left of Citron Research" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F4192f44adb82fe48f59017795b28b346ad07f6fd-1500x1000.jpg%253Fw%253D1336%2526q%253D80%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY2ODI5fQ:1wMjLd:zYbLyOOVzkeMJScvHe-pFWFRiLhQsEQ1oR06XhP4LKU" 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>
Andrew Left. Bloomberg Television via YouTube
</em>
</small>
</span>
</p>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
A landmark fraud trial of legendary short seller Andrew Left began with jury selection yesterday, and the verdict could set an
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
important precedent
</a>
for pro stock bashers, aka activist short sellers, who publish damaging research about companies and profit from their shares tanking.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Federal prosecutors indicted Left in 2024, claiming he made at least $16 million by weaponizing his massive media reach to manipulate markets with dishonest commentary about stocks like Nvidia and Tesla. Left’s defense will likely argue that he shared sincere stock opinions protected by the First Amendment.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
Is Left right?
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
In the 2010s, Left earned clout by exposing fraud at Valeant Pharmaceuticals and debt issues at China’s real estate giant Evergrande. But prosecutors claim that, in later years, he engaged in chicanery:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
They’re accusing him of cashing in on short-term stock swings caused by his viral posts and TV appearances, while misleading investors about his exposure to those stocks.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Left is also charged with concealing his deals with hedge funds affected by the stock moves.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Left maintains that he’s being unfairly targeted due to his influence, and that there’s no clear requirements for prominent market commentators to disclose their trades.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Big picture:
</strong>
A guilty verdict could send Left to prison for up to 25 years and undermine the bread and butter of activist short sellers, a group that’s already hurting due to losses from meme stock rallies.
<em>
—SK
</em>
</p>
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Sponsored By Skechers
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Comfort meets the court.
</strong>
Skechers just became an official partner of the WNBA for the league’s landmark 30th season. Their SKX line is
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
engineered for athletes
</a>
: high-performance cushioning, court-ready grip, and styles that don’t make you choose between feeling good and playing well. Women’s sports are having a moment. Skechers is here for it.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Shop the collection
</a>
.
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PUZZLING
</p>
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
Wordle is getting a TV show
</a>
</p>
</div>
</table>
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Illustration of a TV remote and Wordle tiles" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-11%252Fimage-91b0ec822168bbe77ad7b9b46def38fa1d8a701e-1500x1000-jpg%252FMBD_05112026_WordleTV_01.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY3MzA2NH0:1wMjLd:TMOgZzJLAdIdLkMUnH4ybJuXlLlnt2cbqRNY7GsY_kM" 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>
Niv Bavarsky
</em>
</small>
</span>
</p>
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<p style="margin-top:0;margin-bottom:15px;line-height:22px">
A five-letter word for the puzzle’s next destination: TELLY. A Wordle game show is
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
set to air
</a>
on NBC next year, the New York Times announced yesterday, marking the
<del>
gaming company’s
</del>
publication’s latest bid to expand its business beyond news.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Billed as fast-paced and family-friendly:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
The half-hour-long, cash-prize show will be co-produced by NYT, the notorious giggler Jimmy Fallon, and a division of NBCUniversal.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
It’ll be
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
hosted
</a>
</span>
<span>
by Today co-anchor Savannah Guthrie, a longtime Wordle fan who did a behind-the-scenes
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
feature
</a>
</span>
<span>
on NYT Games last year. Filming on the new show was delayed from March to this summer amid the initial search for Guthrie’s mother, Nancy, who remains missing.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
A first for NYT:
</strong>
The publication has previously worked with cable and streaming services to make documentaries and a series inspired by its
<em>
Modern Love
</em>
column, but it has never before gotten involved with primetime entertainment on a major broadcast network. The financial terms of the NBC deal weren’t disclosed.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Game on:
</strong>
After NYT bought Wordle in 2022 for low-seven figures, the popular puzzle almost instantly
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
attracted
</a>
“tens of millions” of new users to the news publisher. Since then, NYT has expanded its thriving Games unit, which has helped
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
shield
</a>
it from the pain of broader declines in news consumption.
<em>
—ML
</em>
</p>
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READER POLL
</p>
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Will you watch Wordle on TV?
</p>
</div>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Yes, I can’t wait to see if I can guess faster.
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
No, but I will keep my streak going.
<br/>
</a>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Nope, and I don’t play either.
<br/>
</a>
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MATTY’S WORK-LIFE BALANCE
</p>
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<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
The kids aren’t hopeful
</a>
</p>
</div>
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<img alt="frustrated woman sitting in front of computer" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-05-11%252Fimage-7e7b6250b9dd629fc46114cf77a59fc8c1567315-5700x3800-jpg%252FFrustratedfemalecomputerprogrammerwithheadinhandssittingincreativeoffice/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY3Njg4fQ:1wMjLd:KQuF3cGLAdZjjZ7j9ho-QT0T-94n7qrpJ4fhHZZ-r2M" 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>
Maskot/Getty Images
</em>
</small>
</span>
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<em>
On Tuesdays, the Brew’s Matty Merritt brings you the news you need to make life a little easier during your 9-5, 5-9, or OOO.
</em>
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
If you’re under 35 and roll your eyes when your parents talk about finding a job, know that you’re not alone in feeling exhausted by the hunt. Younger Americans are more pessimistic about the job market than older Americans, a sharp reversal from just a few years ago, according to a new Gallup World Poll:
</p>
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
As of 2025, just
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
43%
</a>
</span>
<span>
of Americans aged 15-34 believe that it’s a “good time” to find a job where they live, compared with 64% of people 55 and older.
</span>
</li>
<li style="margin-bottom:10px;line-height:22px">
<span>
Historically, young people with their bright-eyed optimism have been more hopeful than older generations about the economy and job hunting.
</span>
</li>
</ul>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
The disconnect is real:
</strong>
In 2023, nearly 70% of 15- to 34-year-olds thought it was a good time to find a job. That means it dropped by 27 percentage points in just two years—comparable to the drop following the Great Recession in 2008. But back then, Americans of all ages felt disheartened, not just young people.—
<em>
MM
</em>
</p>
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Sponsored By Chewy
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</tr>
<td class="sponsored-body content-container story-content" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Pet Day should be every day.
</strong>
May is National Pet Month, and Chewy’s celebrating the only way that makes sense—with
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
deals on everything your pet actually needs
</a>
. Mealtime upgrades, adventure gear, wellness essentials. One destination and zero excuses to not spoil them.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Get your pet the good stuff
</a>
.
</p>
</td>
</table>
</td>
</tr>
</table>
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<!-- <![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">
NEWS
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<div class="title-container" style="padding:0 15px">
<p class="h1 story-title" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
<a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
What else is brewing
</a>
</p>
</div>
</table>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<ul style="margin-top:0;padding-left:30px">
<li style="margin-bottom:10px;line-height:22px">
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
The 17 Americans
</a>
</span>
<span>
who were on the hantavirus-stricken cruise ship Hondius have arrived back to the US and are in quarantine in Nebraska and Atlanta.
</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">
Cole Allen
</a>
</span>
<span>
, the suspect in the shooting at the White House Correspondents’ Association Dinner, pleaded not guilty to attempting to assassinate President Trump and other charges.
</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">
AI chipmaker Cerebras Systems
</a>
</span>
<span>
upped the size of its IPO and will now be seeking to raise $4.8 billion amid strong demand.
</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">
In election map news
</a>
</span>
<span>
: The Supreme Court paved the way for Alabama to use a map that favors Republicans. Meanwhile,
</span>
<span>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Virginia Democrats
</a>
</span>
<span>
are asking SCOTUS to halt a state supreme court ruling that invalidated a voter-approved map that favors them.
</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">
A new lawsuit
</a>
</span>
<span>
against OpenAI claims ChatGPT helped plan an April 2025 mass shooting at Florida State University. A company spokesperson said the bot merely “provided factual responses to questions with information that could be found broadly across public sources on the internet, and it did not encourage or promote illegal or harmful activity.”
</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">
Venmo
</a>
</span>
<span>
is getting a major redesign—and part of that will be the settings defaulting to only show your posts to friends.
</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">
Dua Lipa
</a>
</span>
<span>
filed a $15 million lawsuit against Samsung, accusing the company of using her image on TV boxes without permission or compensation.
</span>
</li>
</ul>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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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">
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RECS
</p>
</div>
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<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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY3OTAyMn0:1wMjLd:Wz7caHNfpiyevxRm7MzCINgJ_8VF8ke2kBWUJEdxksE" style="width:100%;max-width:670px;display:block" width="670"/>
<p style="margin:0;padding:0;line-height:22px">
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<div>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY3OTkyNH0:1wMjLd:tVP1vdDl-216GN7eMka8uJqjfR_LguzcW9NgIpkdSb4" style="max-width:18px" width="18"/>
<strong style="color:#000">
Weigh the evidence:
</strong>
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
How to vet
</a>
health influencers’ claims.
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4MDgxNX0:1wMjLd:_AGWtDWLEtT4W7TSn5ekl6UvKKdpqimZlf29uOXc-PY" style="max-width:18px" width="18"/>
<strong style="color:#000">
Watch:
</strong>
The tricks for making
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
perfect pancakes
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4MTY5NX0:1wMjLd:2tihHqHkt25IIvUNjTDW82k_bQy3k2X-7FPdpeTi8eU" style="max-width:18px" width="18"/>
<strong style="color:#000">
Sniff:
</strong>
What outer space
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
smells like
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4MjU3Mn0:1wMjLd:lGWISppwLvmugwUsuE7sp-7FBSwMevUIs2qhOs-sHeA" style="max-width:18px" width="18"/>
<strong style="color:#000">
Learn:
</strong>
Brush up on your Spanish/Italian/Japanese/Arabic before your summer trips and
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
get 50% off your trial
</a>
with code MORNINGBREW.**
</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=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4MzQ2fQ:1wMjLd:4R9DIjPVwAiQNcnIxQYkI8SSFNldnM-1jWapVnvHuUU" style="max-width:18px" width="18"/>
Goodbye points/perks?
</strong>
The Durbin-Marshall bill threatens to potentially
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
slash credit card rewards
</a>
. Banks could lose funds for cash-back perks.
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Learn more
</a>
about what this could mean for your financial future.*
</p>
<placementslot data-id="dd5f1fea7280">
</placementslot>
<placementslot data-id="e164e70a0390">
</placementslot>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<sup>
<em>
*A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
</em>
</sup>
</p>
</div>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
</tr>
</table>
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<div class="tag-container" style="padding:15px 15px 0">
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PLAY
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="story-content">
<div class="header-image-container" style="padding-top:15px">
<a style="border:none;text-decoration:none" target="_blank">
<img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4NDQ3NX0:1wMjLd:i9kY6PY7PUqLK0Bw81s9SrKWQd4sG3WZPVwmh18gZwE" style="width:100%;max-width:670px;display:block" width="670"/>
</a>
<p style="margin:0;padding:0;line-height:22px">
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<strong style="color:#000">
Brew Mini:
</strong>
Today’s puzzle is small but mighty. Can you crack it?
<a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
Play the Mini here
</a>
.
</p>
<h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700;color:#000!important">
Nursing trivia
</h2>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Today is International Nurses Day, held on May 12 to commemorate the birthday of which English woman considered the founder of modern nursing?
</p>
</td>
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</table>
</td>
</tr>
</table>
</td>
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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">
SHARE THE BREW
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<a>
<img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4NjU0fQ:1wMjLd:HYGdToUlAe01cY8yHm6UslJj5mhdtSCHAI7ofJ-TbKg" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
</a>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Your friends get smarter. You get rewarded. Win-win.
</p>
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
<b>
Your referral count:
</b>
0
</p>
<a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
Click to Share
</a>
<p style="margin-top:15px;margin-bottom:15px;line-height:22px">
Or copy & paste your referral link to others:
<br/>
<a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
morningbrew.com/r/?kid=979c4554
</a>
</p>
</td>
</tr>
</table>
</td>
</tr>
</table>
</td>
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</table>
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<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">
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ANSWER
</p>
</div>
<table border="0" cellpadding="0" cellspacing="0" class="story-content-container" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="card-content">
<table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse" width="100%">
<tr>
<td class="content-container" style="padding:15px">
<p style="margin-top:0;margin-bottom:15px;line-height:22px">
Florence Nightingale
</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: despondent, meaning “feeling extreme discouragement.” Thanks to Erik from Warren, PA, for giving us some hope with 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>
.
</p>
</td>
</tr>
</table>
</td>
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</table>
</td>
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<td style="text-align:center;padding:10px 0;font-size:21px">
<a rel="noopener" style="vertical-align:super;width:32px;height:32px;line-height:32px;display:inline-block" target="_blank">
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</a>
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<img src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fbc850f15719e478323219cbfe24640074ab0c306-96x96.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3Nzg1Nzc4NTcuMTY4ODYyOH0:1wMjLd:IR7_3Gihm3oIJZLIOXdxNkskvGAK3t-DPN97q4XNRyk" style="vertical-align:text-top;width:100%;height:100%" width="32"/>
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