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  <div class="sailthru-emco-preheader" style="display: none; max-height: 0px; overflow: hidden;">
   Quantum stocks soar after Trump administration awards $2 billion in grants.
  </div>
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                      Hey Snackers,
                     </span>
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                     <p style="margin:0;margin-bottom:16px">
                      If you’re tired of the same old version of “Shape of You” and want to see if AI can spice it up, has
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Spotify
                       </strong>
                      </a>
                      got
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        good news for you
                       </strong>
                      </a>
                      : soon, Premium users can use AI to make remixes or covers of songs from
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Universal Music Group
                       </strong>
                      </a>
                      , the world’s largest music group. We don’t know which “participating artists and songwriters” this will include, so until we know the options, it’s hard to say if it’ll be worth
                      <strong>
                      </strong>
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        paying extra for it
                       </strong>
                      </a>
                      .
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      Stocks finished Thursday in the green after wavering as traders digested war updates, with US Secretary of State Marco Rubio telling reporters there had been “
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        some good signs
                       </strong>
                      </a>
                      ” in talks.
                     </p>
                     <p style="margin:0">
                      🍿 Pop quiz:
                     </p>
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                      <li aria-level="1" style="Margin:0 0 8px 0">
                       According to Americans, which company has the best reputation?
                       <br/>
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Check your answer
                        </strong>
                       </a>
                       .
                      </li>
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                      <span style="word-break: break-word; line-height: 16.8px;">
                       <strong>
                        QUANTUM CERTAINTY
                       </strong>
                      </span>
                     </span>
                    </span>
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                     <a style="text-decoration: underline; color: #5869ff;">
                      <strong>
                       Quantum stocks soar after Trump administration awards $2 billion in grants, in deals that include government equity stakes
                      </strong>
                     </a>
                    </h1>
                   </td>
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                     <p style="margin:0;margin-bottom:16px">
                      Quantum computing stocks soared on Thursday after the Trump administration signed a number of letters of intent to award a total of $2 billion in grants to nine quantum companies, in deals that also include equity stakes.
                     </p>
                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        The following companies are part of the overall package
                       </strong>
                      </a>
                      , with respective amounts of funding reported:
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="list_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
                  <tr>
                   <td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
                    <div style="margin-left:-20px">
                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         IBM
                        </strong>
                       </a>
                       , finishing up 12% on the day, received $1 billion of the reported grant.
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         GlobalFoundries
                        </strong>
                       </a>
                       , up about 15%, got $375 million.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         D-Wave Quantum
                        </strong>
                       </a>
                       <strong>
                       </strong>
                       (up 33%),
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Rigetti Computing
                        </strong>
                       </a>
                       (up 31%), and
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Infleqtion
                        </strong>
                       </a>
                       (up 31%), as well as the private
                       <strong>
                        Atom Computing
                       </strong>
                       ,
                       <strong>
                        PsiQuantum
                       </strong>
                       , and
                       <strong>
                        Quantinuum
                       </strong>
                       , all won $100 million each, with
                       <strong>
                        Diraq
                       </strong>
                       awarded $38 million.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       For IBM, the largest recipient, the funds will be used to “build an American quantum chip foundry,” supporting the research and development efforts of a new IBM company:
                       <strong>
                        Anderon
                       </strong>
                       , set to be “America’s first pure-play quantum foundry,” according to IBM, which will match the federal funding dollar for dollar, plowing $1 billion into Anderon.
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
                  <tr>
                   <td class="pad" style="padding-bottom:10px">
                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0">
                      Other quantum names that didn’t book government deals yesterday also ticked up in sympathy, including pure-play
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        IonQ
                       </strong>
                      </a>
                      ,
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Quantum Computing
                       </strong>
                      </a>
                      ,
                      <a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
                       <strong>
                        Arqit Quantum
                       </strong>
                      </a>
                      , and
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Honeywell
                       </strong>
                      </a>
                      , following the administration’s
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        show of confidence in the nascent technology
                       </strong>
                      </a>
                      .
                      <strong>
                      </strong>
                      <a style="text-decoration: underline; color: #5869ff;">
                      </a>
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="col-pad" style="padding-left:25px;padding-right:25px">
                 <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad" style="width:100%;padding-top:24px;padding-bottom:8px">
                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                     <span class="tinyMce-placeholder" style="word-break: break-word;">
                      THE TAKEAWAY
                     </span>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
                  <tr>
                   <td class="pad" style="padding-bottom:10px">
                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      The process of reaching these deals with the government included “a very rigorous technical evaluation over many, many months,” Infleqtion CEO Matthew Kinsella
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        told Sherwood News
                       </strong>
                      </a>
                      . “Every quantum company I have spoken with throughout the supply chain applied and put in a proposal for this CHIPS Act money. So I view this as the US government having done a very, very broad overview of the quantum industry and selected the partners that they believe can execute.”
                     </p>
                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Rumors
                       </strong>
                      </a>
                      <strong>
                      </strong>
                      and
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        reports
                       </strong>
                      </a>
                      <strong>
                      </strong>
                      of potential government support buoyed quantum computing stocks during September and October of last year, contributing to frenzied, options-fueled gains for many of its most well-known constituents.
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="10" cellspacing="0" class="button_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad">
                    <a style="color:#ffffff;text-decoration:none;" target="_blank">
                     <!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word"  href="https://link.sherwood.news/click/45833795.3267312/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMvcXVhbnR1bS1zdG9ja3Mtc29hci1yZXBvcnRzLXRydW1wLWFkbWluaXN0cmF0aW9uLXRhbGtzLWludmVzdC1kaXJlY3RseS8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjYwNTIyJnV0bV9jb250ZW50PWY4NjhlNjEyYzBlMzJlNDcyYTAyZjI4NDUzODIyOWQ4/65c45ba339ac936dfb3135a2F90eadec2"  style="height:46px;width:133px;v-text-anchor:middle;" arcsize="9%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="0px" color="#5869ff"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:18px">
<![endif]-->
                     <span class="button" style="background-color: #5869ff; border-bottom: 0px solid transparent; border-left: 0px solid transparent; border-radius: 4px; border-right: 0px solid transparent; border-top: 0px solid transparent; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 18px; font-weight: 400; mso-border-alt: none; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
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                       <span style="word-break: break-word; line-height: 36px;">
                        <strong>
                         Read more
                        </strong>
                       </span>
                      </span>
                     </span>
                     <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                    </a>
                   </td>
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                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="col-pad" style="padding-left:25px;padding-right:25px">
                 <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
                    <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                     <tr>
                      <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                       <span style="word-break: break-word;">
                       </span>
                      </td>
                     </tr>
                    </table>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="button_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="left" class="pad">
                    <!--[if mso]>
<v:roundrect xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word"   style="height:20px;width:144px;v-text-anchor:middle;" arcsize="27%" fillcolor="#5869ff">
<v:stroke dashstyle="Solid" weight="2px" color="#000000"/>
<w:anchorlock/>
<v:textbox inset="0px,0px,0px,0px">
<center dir="false" style="color:#ffffff;font-family:Arial, sans-serif;font-size:14px">
<![endif]-->
                    <span class="button" style="background-color: #5869ff; border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-radius: 7px; border-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; text-align: center; width: auto; word-break: keep-all; letter-spacing: normal;">
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                      <span style="word-break: break-word; line-height: 16.8px;">
                       <strong>
                        NOTHING TO ADD
                       </strong>
                      </span>
                     </span>
                    </span>
                    <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                   </td>
                  </tr>
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                 <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad" style="width:100%;padding-top:10px;padding-bottom:10px">
                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                     <a style="text-decoration: underline; color: #5869ff;">
                      <strong>
                       Maybe we should all agree to not talk about Nvidia’s stock after earnings
                      </strong>
                     </a>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
                  <tr>
                   <td class="pad" style="padding-bottom:10px">
                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      For the past year,
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Nvidia
                       </strong>
                      </a>
                      ’s earnings days, and the sessions that follow, increasingly feel like they’re
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        designed in a lab to make people like us look like idiots
                       </strong>
                      </a>
                      for trying to offer any thoughts on what the results and the market reaction actually mean.
                     </p>
                     <p style="margin:0;margin-bottom:16px">
                      Yesterday’s loss on the day was the fourth consecutive time the world’s most valuable company gave back ground in response to better-than-expected quarterly results.
                     </p>
                     <p style="margin:0">
                      And you know what?
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Those days have meant diddly squat in the grand scheme of things
                       </strong>
                      </a>
                      .
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="list_block block-5" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
                  <tr>
                   <td class="pad" style="padding-top:10px;padding-bottom:15px;padding-left:10px;padding-right:10px">
                    <div style="margin-left:-20px">
                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Shares of the chip designer meandered Thursday after doing a whole lot of nothing following the release of fiscal Q1 2027 results on Wednesday afternoon, which included a conference call with CEO Jensen Huang and CFO Colette Kress.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Since Nvidia unofficially kicked off the AI boom in May 2023, it’s had a one-day decline after earnings on four separate occasions.
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Three months after that knee-jerk sell-off, it has then rocketed higher, besting the S&amp;P 500 meaningfully (in aggregate), too.
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-6" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
                  <tr>
                   <td class="pad" style="padding-bottom:10px">
                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0">
                      The 24 hours following Nvidia’s earnings reports are increasingly a time when financial journalists feel pressure to engage in creative writing about lines on charts because there are
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        often no compelling, reasonable stories to tell
                       </strong>
                      </a>
                      . You end up reading things like, “Nvidia’s earnings beat expectations, but the stock is selling off because they didn’t beat the highest expectations” — as if that makes a lick of sense or is a standard we apply to most securities.
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-7" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
            <tr>
             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="col-pad" style="padding-left:25px;padding-right:25px">
                 <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad" style="width:100%;padding-top:24px;padding-bottom:8px">
                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:28px">
                     <span class="tinyMce-placeholder" style="word-break: break-word;">
                      THE TAKEAWAY
                     </span>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
                  <tr>
                   <td class="pad" style="padding-bottom:10px">
                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0;margin-bottom:16px">
                      When the world’s most valuable company reports, it’s easy to miss the forest for the trees. Among S&amp;P 100 companies? For the most recent quarter versus the same period a year ago, Nvidia’s revenue growth is better than all but one of them (
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Micron
                       </strong>
                      </a>
                      ). It’s the fourth-cheapest based on price to (forward) earnings growth. It has the 13th-strongest earnings revisions year to date, bested only by other chip or AI-linked companies and a couple of oil companies.
                      <strong>
                      </strong>
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        That’s the forest
                       </strong>
                      </a>
                      .
                      <a style="text-decoration: underline; color: #5869ff;">
                      </a>
                     </p>
                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Read what Wall Street thought
                       </strong>
                      </a>
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="divider_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
                   <td align="center" class="pad" style="padding-top:25px;padding-bottom:25px">
                    <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                     <tr>
                      <td class="divider_inner" style="font-size:1px;line-height:1px;border-top:1px solid #5869ff">
                       <span style="word-break: break-word;">
                       </span>
                      </td>
                     </tr>
                    </table>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-8" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
        <tr>
         <td>
          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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               <tr>
                <td class="col-pad" style="padding-left:25px;padding-right:25px">
                 <table border="0" cellpadding="0" cellspacing="0" class="button_block block-1" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
                  <tr>
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                    <!--[if mso]>
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                       <strong>
                        THE BEST THING WE READ TODAY
                       </strong>
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                      <strong>
                       Tesla says FSD is “available” in China. What does that actually mean?
                      </strong>
                     </a>
                     <br/>
                    </h1>
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                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        Tesla
                       </strong>
                      </a>
                      declared on X that its Full Self-Driving (Supervised) technology is “now available” in a number of countries, including its second-biggest market, China — news that prompted a fresh round of
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        headlines
                       </strong>
                      </a>
                      . The thing is, while a limited version of Tesla’s supervised FSD has been available in China since last year, it’s not clear
                      <a style="text-decoration: underline; color: #5869ff;">
                       <strong>
                        what has materially changed
                       </strong>
                      </a>
                      <strong>
                      </strong>
                      since CEO Elon Musk went to China last week.
                     </p>
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                    <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                     <strong>
                      Snacks Shots
                     </strong>
                    </h1>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="list_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px" width="100%">
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                     <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       🏛️
                       <strong>
                        Attorney General:
                       </strong>
                       Acting Attorney General Todd Blanche, a contender to be the next attorney general, saw his
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         chances of getting the job drop from 55% to 46%
                        </strong>
                       </a>
                       * Thursday after allies in the GOP appeared to
                       <strong>
                       </strong>
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         rebuff a key proposal that Blanche has been pushing on the Hill
                        </strong>
                       </a>
                       .
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <strong>
                        🎮 Games:
                       </strong>
                       Yesterday
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Take-Two Interactive
                        </strong>
                       </a>
                       assured investors that its flagship “Grand Theft Auto VI” will come out in November. Markets remain at least a tiny bit skeptical that the publisher will successfully get it across the line, assigning a 90% chance — notably not 100% —
                       <strong>
                       </strong>
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         that it releases the game before December 1, 2026
                        </strong>
                       </a>
                       .
                       <strong>
                       </strong>
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
                 </table>
                 <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                    <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">
                     <p style="margin:0">
                      *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
                     </p>
                    </div>
                   </td>
                  </tr>
                 </table>
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                      What else we're Snackin'
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                    <div style="margin-left:-20px">
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                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Alphabet
                        </strong>
                       </a>
                       ’s Waymo robotaxis are
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         still driving into flooded roads
                        </strong>
                       </a>
                       despite a recall over the issue, prompting the company to pause service in Atlanta
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       Crypto exchange Blockchain.com
                       <strong>
                       </strong>
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         confidentially filed for an IPO
                        </strong>
                       </a>
                       <strong>
                       </strong>
                       with the SEC, joining a wave of digital-asset firms eyeing the public markets
                      </li>
                      <li aria-level="1" style="Margin:0 0 8px 0">
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         Walmart
                        </strong>
                       </a>
                       issued
                       <a style="text-decoration: underline; color: #5869ff;">
                        <strong>
                         disappointing second-quarter guidance
                        </strong>
                       </a>
                       and flagged growing financial stress among its low-income shoppers despite beating Q1 estimates
                      </li>
                     </ul>
                    </div>
                   </td>
                  </tr>
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                </td>
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            </tr>
           </tbody>
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        </tr>
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      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-11" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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          <table align="center" border="0" cellpadding="0" cellspacing="0" class="row-content stack" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width="600">
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;vertical-align:top" width="100%">
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                      Snack Fact of the Day
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                     <p style="margin:0">
                      <a style="text-decoration: underline; color: #ffffff;">
                       <strong>
                        SoftBank had its best day since 2000, boosted by news of OpenAI’s IPO.
                       </strong>
                      </a>
                     </p>
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                      Friday
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