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   After years of delays, Tesla’s long-awaited robotaxi finally launched yesterday in Austin, and the lack of any discernible bad news about the first day in action led to an 8% pop in the price of the company’s shares.
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                  (Tesla)
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                   Presented by
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                   Hey Snackers,
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                  <p style="margin:0;margin-bottom:16px">
                   For aspiring entrepreneurs whose business ideas were not initially well received, don’t despair. Fred Smith, the founder of FedEx, a company with ~$90 billion worth of revenue each year and more than 500,000 employees on the payroll, laid out the idea for his delivery company as a Yale student in
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a paper that did not get an A grade
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   While markets were
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a bit jittery Sunday night
                    </strong>
                   </a>
                   following US strikes on Iran this weekend, a relatively minor response from Iran
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     renewed risk appetite
                    </strong>
                   </a>
                   as traders saw de-escalation as the most likely path forward. The S&amp;P 500 rose nearly 1%, while the Nasdaq 100 and Russell 2000 closed up 1.1%.
                  </p>
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                    <strong>
                     THEY DID IT
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Tesla’s big day
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="paragraph_block block-3" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0;word-break:break-word" width="100%">
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                <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">
                   After years of delays, Tesla’s
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     long-awaited robotaxi finally launched
                    </strong>
                   </a>
                   yesterday in Austin, and the lack of any discernible bad news about the first day in action led to an 8% pop in the price of the company’s shares.
                  </p>
                  <p style="margin:0">
                   The launch is very important to Tesla, which has been struggling due to weak demand for its regular vehicles. Indeed, CEO Elon Musk has repeatedly
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     said
                    </strong>
                   </a>
                   that most of the company is riding on the success of its autonomous products.
                  </p>
                 </div>
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               </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-bottom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:disc">
                   <li style="Margin:0 0 8px 0">
                    Was it the biggest test ever? God, no. It was within a well-mapped subsection of the city, there
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      was a safety monitor
                     </strong>
                    </a>
                    in the front passenger seat, it had remote operators ready to potentially step in and in some instances follow behind, it operates only from 6 a.m. to midnight in good weather, and only a chosen few pro-Tesla influencers were invited.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    But dang it,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      it worked
                     </strong>
                    </a>
                    .
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    After taking a couple of rides in the robotaxis yesterday, Wedbush Securities analyst and Tesla bull Dan Ives reiterated his belief that the service
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      could add another $1 trillion
                     </strong>
                    </a>
                    to the company’s $1 trillion market cap.
                   </li>
                  </ul>
                 </div>
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               </tr>
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              <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%">
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                  <p style="margin:0">
                   “Overall, these Robotaxis exceeded our expectations and offered a seamless and personalized travel experience that has lit the spark for autonomous driving,”
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Ives wrote
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
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             <td class="column column-1" style="mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                 <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>
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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">
                   “The future of the company is fundamentally based on large-scale autonomous cars and large scale and large volume, vast numbers of autonomous humanoid robots,” Musk said during the company’s last earnings call.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Traders seem to agree
                    </strong>
                   </a>
                   , so this first launch going according to plan was good news.
                  </p>
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                      Read more
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    Presented by Cytonics
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                  <strong>
                   Markets in Turmoil. Science in Motion.
                  </strong>
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                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fbazh%252F6su869qw%252Frir%252F892%252Fb6y%252F4%253A15Cytonics%2520.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NTA3NjE3MjguNzIxMTQzfQ:1uU16O:PGsmX_yny1z_CiDidxM5EBrnC4aavx8DYVpRcrsNy9I" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
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                  <p style="margin:0;margin-bottom:16px">
                   The news cycle is a mess. Inflation, interest rates, and tariffs dominate the headlines — but while the market panics,
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Cytonics is building
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   We’ve already treated over 10,000 patients with our first-generation biologic therapy for osteoarthritis. Now, our next-gen drug, CYT-108, is preparing to enter Phase 2 trials—and may become the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     <em>
                      first disease-modifying therapy
                     </em>
                    </strong>
                    <strong>
                     for OA
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   This is your chance to invest before Big Pharma catches on. No institutional gatekeeping. No market timing required. Just real science, real patients, and a $393 osteoarthritis billion market ripe for disruption.
                   <sup>
                    1
                   </sup>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Join 6,000+ early investors (across all offerings) before the window closes
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                   </a>
                   .
                   <sup>
                    2
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                  </p>
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                 <div align="left" class="alignment">
                  <!--[if mso]>
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                    <strong>
                     GOT MILK?
                    </strong>
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                 <h1 style="margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:31px">
                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    At this point they’re just milking it
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
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                <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">
                   A pillar for the long-term success of traditional soft drink seller Coca-Cola is coming from an unexpected source:
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     gym bros
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0">
                   Thanks to its higher protein content, the Fairlife brand, acquired by Coca-Cola in 2020, is a favorite among fitness enthusiasts and features in many recipes posted by (predominantly) male influencers online.
                  </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-bottom:15px;padding-left:10px;padding-right:10px;padding-top: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">
                    Morgan Stanley analyst Dara Mohsenian, who has an overweight rating and $81 price target on the stock, wrote that Fairlife has driven
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      about 60% of Coke’s growth
                     </strong>
                    </a>
                    year to date in the US, based on Nielsen scanner data.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    “We expect ‘Fairlife’ to be added to this health shift going forward as an important stock driver, with Fairlife alone driving a significant 100-140 basis points of organic sales growth in the next five years even absent any assumed international contribution,” he wrote.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Fairlife’s products are in categories that are growing relatively fast, and
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      it’s picking up market share in all of them
                     </strong>
                    </a>
                    , Mohsenian added.
                   </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">
                   Still, Fairlife accounted for a whopping
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     37% of Coke’s growth in scanner data
                    </strong>
                   </a>
                   last year and well more than that this year, which does mean that milk is now a massive business for the soda brand.
                  </p>
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   THE TAKEAWAY
                  </span>
                 </h1>
                </td>
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                  <p style="margin:0">
                   Is it weird that the seller of fizzy sugar bombs has been earning a crust in the milk business? Yes, a little! But if anything, it shows that Coke’s
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     still able to pick winners
                    </strong>
                   </a>
                   and ride trends that turn into huge businesses — after all, it wasn’t long ago the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     stock hit a new all-time high
                    </strong>
                   </a>
                   .
                  </p>
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                      Read more
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                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
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                   <strong>
                    Hims has its worst day ever
                   </strong>
                  </a>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   Hims &amp; Hers stock had its
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     biggest single-day drop ever
                    </strong>
                   </a>
                   after Novo Nordisk said it was ending its relatively new partnership with the telehealth company, citing concerns about what it called Hims’ “illegal mass compounding and deceptive marketing.”
                  </p>
                  <p style="margin:0">
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                    <strong>
                     Read more about the ugly split.
                    </strong>
                   </a>
                  </p>
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                    Presented by Nasdaq
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                  <strong>
                   Swipe right on Nasdaq-100 Micro Index Options (XND
                   <sup>
                    ®
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                   )
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                     Nasdaq-100 Micro Index Options (XND
                     <sup>
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                     )
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                   </a>
                   offer 1/100th notional exposure, settling to cash at expiration with reduced early assignment risk and potential tax benefits. Ideal for income generation or risk management.
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                   Swipe left on old economy index products. Swipe right on Nasdaq-100 Micro Index Options (XND
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                   ).
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                     Explore XND index options
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                     for the future
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                   .
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                     MOVES
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                  <strong>
                   Yesterday’s Big Daily Movers
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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>
                     Super Micro Computer
                    </strong>
                    dropped nearly 10% after it announced a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $2 billion
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    debt raise
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Arista Networks
                    </strong>
                    jumped on a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      bullish surge
                     </strong>
                    </a>
                    in options activity...
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    ...while
                    <strong>
                     CoreWeave
                    </strong>
                    sank as its options bulls
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      disappeared
                     </strong>
                    </a>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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                   What else we're Snackin'
                  </span>
                 </h1>
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                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Jeff Bezos’
                    </strong>
                    Venice wedding is to some a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      symbol
                     </strong>
                    </a>
                    <strong>
                    </strong>
                    of what’s draining the city
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Trump Media
                    </strong>
                    , which has never turned a profit, will buy back
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $400 million in stock
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Anthony Pompliano announced a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $1 billion SPAC deal
                     </strong>
                    </a>
                    to jumpstart ProCap Financial, a new bitcoin treasury firm
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Apple
                    </strong>
                    is behind in AI — but maybe it can buy its way to the top by
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      acquiring Perplexity
                     </strong>
                    </a>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    How
                    <strong>
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      the weirdest store
                     </strong>
                    </a>
                    at the mall survived the retail apocalypse
                   </li>
                  </ul>
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                  </span>
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                    </strong>
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                   Tuesday
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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">
                    Earnings expected from
                    <strong>
                     FedEx
                    </strong>
                    and
                    <strong>
                     Carnival
                    </strong>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    May consumer confidence
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Fed Chair Jerome Powell testifies before the House Financial Services Committee
                   </li>
                  </ul>
                 </div>
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                  <p style="margin:0;margin-bottom:16px">
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                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    <br/>
                    Advertiser's disclosures:
                    <br/>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   1 The estimated global osteoarthritis (OA) market = TNF-alpha global sales x [ratio of OA prevalence to rheumatoid arthritis (RA) prevalence]. OA is 9x more common than RA. OA estimated market = $43B x 9 = $393B.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   2 This is a paid advertisement for Cytonics Regulation A+ Offering. Please read the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    offering circular
                   </a>
                   and
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    related risks
                   </a>
                   on the
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    SEC website.
                   </a>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Investing in private company securities is not suitable for all investors because it is highly speculative and involves a high degree of risk. It should only be considered a long-term investment. You must be prepared to withstand a total loss of your investment. Private company securities are also highly illiquid, and there is no guarantee that a market will develop for such securities.
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                  <p style="margin:0;margin-bottom:16px">
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                    Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security, digital asset or an overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates makes any recommendation to buy or sell any security or digital asset or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies or Nasdaq proprietary indexes are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should
                   </em>
                   <em>
                    undertake their own due diligence and carefully evaluate companies before investing.
                   </em>
                  </p>
                  <p style="margin:0">
                   <em>
                    Investing in options carries unique risks. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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