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   How speculative tech stocks lost one-third of their value in the past month and Disney dips on weaker-than-expected Q4 revenue amid its longest-ever TV blackout.
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                   Presented by
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Hey Snackers,
                  </span>
                 </h1>
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                  <p style="margin:0;margin-bottom:16px">
                   Christmas creep is getting ridiculous. We saw Santas replace 10-foot skeletons the day after Halloween, and now the radio is bringing seasonal songs sooner, too: Mariah Carey has already
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     defrosted
                    </strong>
                   </a>
                   for 2025 and her classic hit “All I Want for Christmas Is You” has reentered the
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Billboard Hot 100
                    </strong>
                   </a>
                   , marking one of the earliest points the hit has charted. And
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     it’s not alone in the Yuletidal drift
                    </strong>
                   </a>
                   , so if you’re a player of
                   <strong>
                    “
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Whamageddon
                    </strong>
                   </a>
                   <strong>
                    ,”
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     watch out
                    </strong>
                   </a>
                   .
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   The S&amp;P 500, Nasdaq 100, and Russell 2000 all
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     fell hard
                    </strong>
                   </a>
                   Thursday as
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     the longest government shutdown in US history came to an end
                    </strong>
                   </a>
                   and anxiety over backlogged data triggered pessimism that there won’t be a December rate cut. Traders are now pegging the odds of a cut at next month’s meeting at
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     roughly a coin flip
                    </strong>
                   </a>
                   . (Comparatively, a month ago, the odds of another cut were 95.5%.) Tech was the worst-performing sector ETF, and all of the Mag 7 fell except for
                   <strong>
                    Meta
                   </strong>
                   , which eked out a gain.
                   <br/>
                   <br/>
                  </p>
                  <p style="margin:0">
                   🧠
                   <strong>
                    Trivia time…
                   </strong>
                   Take our
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Snacks Seven Quiz
                    </strong>
                   </a>
                   . Here’s a sample question:
                  </p>
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                 <div style="margin-left:-20px">
                  <ul start="1" style="margin-top:0;margin-bottom:0;list-style-type:revert">
                   <li style="Margin:0 0 8px 0">
                    Which company will undergo a 10-for-1 stock split on Monday?
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      Check your answer.
                     </strong>
                    </a>
                   </li>
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                    <strong>
                     BLOODBATH
                    </strong>
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="padding-bottom:10px;padding-top:10px;text-align:center;width:100%">
                 <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>
                    How speculative tech stocks lost one-third of their value in the past month
                   </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%">
               <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">
                   Speculative stocks tied to the AI boom, quantum computing, and energy
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     have tanked over the past month
                    </strong>
                   </a>
                   and got massacred yesterday. Among
                   <strong>
                    Oklo
                   </strong>
                   ,
                   <strong>
                    D-Wave Quantum
                   </strong>
                   ,
                   <strong>
                    CoreWeave
                   </strong>
                   ,
                   <strong>
                    IonQ
                   </strong>
                   ,
                   <strong>
                    Nebius
                   </strong>
                   ,
                   <strong>
                    Cipher Mining
                   </strong>
                   ,
                   <strong>
                    IREN
                   </strong>
                   ,
                   <strong>
                    Rigetti Computing
                   </strong>
                   ,
                   <strong>
                    Tempus AI
                   </strong>
                   ,
                   <strong>
                    POET Technologies
                   </strong>
                   ,
                   <strong>
                    Bloom Energy
                   </strong>
                   ,
                   <strong>
                    Plug Power
                   </strong>
                   , and
                   <strong>
                    SoundHound AI
                   </strong>
                   , the average member has lost a third of its value since mid-October.
                  </p>
                  <p style="margin:0">
                   That’s a sharp pullback for a group of stocks that could seemingly do no wrong, with the average constituent nearly having tripled from the start of July through October 14.
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     What gives?
                    </strong>
                   </a>
                  </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-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">
                    First, the peak in speculative stocks came right around the time earnings season kicked off, when investors tend to cast a sharp eye on corporate fundamentals. There are lots of companies out there doing great on fundamentals, and these ain’t them.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    Secondly, a quantum-specific risk factor: bulls got rugged. Stars had seemingly been aligning
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      toward more government support
                     </strong>
                    </a>
                    for the nascent industry, culminating in rumors about the Treasury Department
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      taking stakes in leading pure-play firms
                     </strong>
                    </a>
                    , only for those reports to be contradicted and then disappear without a trace.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Third and most importantly: AI has credit risk now. It’s a delicate dance, as megacap tech companies are
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      trying to use their good names (and their good money)
                     </strong>
                    </a>
                    to support the overall growth of the AI ecosystem without exposing themselves to too much risk.
                   </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">
                   <strong>
                    Oracle
                   </strong>
                   has now erased more than all the gains it made after reporting
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     a massive pipeline of future demand
                    </strong>
                   </a>
                   , which was later revealed to be
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     largely thanks to OpenAI
                    </strong>
                   </a>
                   . Not only have shares tumbled, but credit default swap spreads have widened; that is, investors no longer think it’s as safe a bet to make good on its own debts.
                  </p>
                 </div>
                </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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         <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;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
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                <td class="pad" style="padding-bottom:8px;padding-top:24px;text-align:center;width:100%">
                 <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">
                   That’s what happens when you’re poised to go on a multiyear capital expenditure binge to build out physical infrastructure to meet orders from a customer that is
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     currently incinerating cash
                    </strong>
                   </a>
                   and has more multibillion-dollar spending commitments than a consortium of octopuses has tentacles.
                  </p>
                  <p style="margin:0">
                   And
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     it’s not like there’s nothing else out there
                    </strong>
                   </a>
                   : 82% of S&amp;P 500 companies reported a positive bottom-line beat and 77% reported a better-than-expected sales surprise in Q3. One might reasonably think, “Why am I continuing to invest more in companies that have a cursory to nonexistent relationship with profitability when there are oodles and oodles of bigger firms whose operations are doing quite well?”
                  </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>
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                 <div align="center" class="alignment">
                  <a style="color:#ffffff;text-decoration:none;" target="_blank">
                   <!--[if mso]>
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                    <span style="word-break: break-word; line-height: 36px;">
                     <strong>
                      Read more
                     </strong>
                    </span>
                   </span>
                   <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                  </a>
                 </div>
                </td>
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             </td>
            </tr>
           </tbody>
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         </td>
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      </table>
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                     </span>
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                  <!--[if mso]>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     Presented by BOXABL
                    </strong>
                   </span>
                  </span>
                  <!--[if mso]></center></v:textbox></v:roundrect><![endif]-->
                 </div>
                </td>
               </tr>
              </table>
              <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%">
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                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   <strong>
                    BOXABL Wants to Build Homes Like Cars
                   </strong>
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="image_block block-4" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
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                 <div align="center" class="alignment">
                  <div style="max-width:550px">
                   <a target="_blank">
                    <img alt="" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Ffss%252Ffvl7w8%252F4774dd19-2d33-49fe-b237-d888f17a2499%252FBoxabl%252BNovember%252B25.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCIsInRpbWUiOjE3NjMxMjAyOTQuMzA3NTg1Mn0:1vJs86:pdbXShNBVNHWaBSrCl8LrUBqnIMoIuNYE56ZGr5DZdU" style="display:block;height:auto;border:0;width:100%" title="" width="550"/>
                   </a>
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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%">
               <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">
                   Imagine a future where we could mass produce homes like cars — one every minute. That’s the vision of BOXABL Inc. (“BOXABL”), a company with the goal to revolutionize homebuilding with factory-made, foldable houses that ship anywhere.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
                    <strong>
                     BOXABL recently announced plans for a potential SPAC merger with FG Merger II Corp (“FGMC”)
                    </strong>
                   </a>
                   .
                   <sup>
                    1
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   Currently trading on Nasdaq, FGMC will be the surviving entity following the proposed merger's closing. The combined company will then be renamed BOXABL Inc., with the anticipated ticker $BXBL.
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    What to know
                   </strong>
                   : Anyone holding
                   <a rel="noopener" style="text-decoration: underline; color: #5869ff;" target="_blank">
                    <strong>
                     $FGMC shares will automatically get $BXBL shares
                    </strong>
                   </a>
                   once the merger closes ($FGMC shares would convert to $BXBL shares).
                   <sup>
                    2
                   </sup>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Why it matters
                   </strong>
                   : BOXABL wants to shake up the multi-trillion-dollar U.S. housing market by making homebuilding faster, cheaper, and more scalable.
                  </p>
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     Learn more.
                    </strong>
                   </a>
                  </p>
                 </div>
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             </td>
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           </tbody>
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       </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">
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                 </div>
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                    <strong>
                     STITCH IN TIME
                    </strong>
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                  <a style="text-decoration: underline; color: #5869ff;">
                   <strong>
                    Disney dips on weaker-than-expected Q4 revenue amid its longest-ever TV blackout
                   </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%">
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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">
                   The happiest place on Earth is
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     feeling pretty meh
                    </strong>
                   </a>
                   .
                   <strong>
                    Disney
                   </strong>
                   ’s fiscal fourth-quarter earnings report came out on Thursday, and investors — a variation of Disney adult, you could say — didn’t exactly cheer the results, with shares sliding almost 8%.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
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               <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">
                    The company reported adjusted earnings per share of $1.11, below last year but higher than Wall Street estimates. Looking ahead, Disney said it expects streaming profit of
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      $375 million
                     </strong>
                    </a>
                    for its quarter ending in December. For the full fiscal year, it expects adjusted profit per share to grow by double digits.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    The company posted $352 million in Q4 streaming profit, up 39% from the same quarter last year. For its full fiscal year, ended September, Disney reported streaming profit of $1.33 billion, more than 9x the year prior.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Across its direct-to-consumer and streaming offerings, the studio reported 218.3 million global subscribers as of the end of September, in line with expectations but down about 8% from last year. That number was likely impacted by the company’s decision toward the end of the quarter to
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      pull Jimmy Kimmel’s late-night talk show
                     </strong>
                    </a>
                    off the air for a week.
                   </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%">
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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">
                   On the linear television side, Disney is embroiled in its longest carriage dispute ever, with YouTube TV. The blackout has been ongoing since October 30, surpassing Disney’s standoff with DirecTV last year for its longest stalemate. Two consecutive weeks of ESPN’s Monday Night Football haven’t been available on the pay-TV provider, which is
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     expected
                    </strong>
                   </a>
                   <strong>
                   </strong>
                   to pass Comcast as the largest US pay-TV service next year.
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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         </td>
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       </tbody>
      </table>
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         <td>
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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>
              </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%">
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                  <p style="margin:0;margin-bottom:16px">
                   Beyond the televised troubles, though, it’s worth admiring the Mouse’s core businesses and
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     enduring brand
                    </strong>
                   </a>
                   .
                   <strong>
                   </strong>
                   The company racked up $10 billion in full-year operating profit for its Experiences unit, which includes parks. Disney’s domestic parks profit grew 9% to $920 million in the quarter. That loyalty has allowed it to squeeze a lot more money out of its customers: Disney+ now costs
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     172% more
                    </strong>
                   </a>
                   than it did six years ago.
                  </p>
                  <p style="margin:0">
                   Heck, retail sales related to the character Stitch alone
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     were worth $4 billion this year
                    </strong>
                   </a>
                   , up from $2.6 billion in fiscal 2024. To put that $4 billion sales figure in context, Harley Davidson sold about the same amount in motorcycles, parts and accessories, and apparel
                   <em>
                    combined
                   </em>
                   last year.
                  </p>
                 </div>
                </td>
               </tr>
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                   <span style="word-break: break-word; line-height: 16.8px;">
                    <strong>
                     THE BEST THING WE READ TODAY
                    </strong>
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                   <strong>
                    Skims hits a $5 billion valuation — right before peak sales season
                   </strong>
                  </a>
                 </h1>
                </td>
               </tr>
              </table>
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                  <p style="margin:0">
                   Kim Kardashian’s Skims expects to top $1 billion in net sales this year — a mere six years after its inception. No company is flexing its star power quite like Skims, which might be the most valuable celebrity-backed brand ever, beating some very
                   <strong>
                   </strong>
                   <a style="text-decoration: underline; color: #5869ff;">
                    <strong>
                     impressive companies
                    </strong>
                   </a>
                   .
                  </p>
                 </div>
                </td>
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                  <strong>
                   Snacks Shots
                  </strong>
                 </h1>
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                    🏈
                    <strong>
                     College Football:
                    </strong>
                    A crucial SEC matchup this weekend sees the No. 11 Oklahoma go to No. 4 Alabama, with the home team, Crimson Tide, the steady favorite, as traders price a 68% chance of victory.
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    🏀
                    <strong>
                     NBA:
                    </strong>
                    Just a few weeks into the NBA season and already there’s a consensus emerging that Oklahoma City is the team to beat, with market prices implying a 29% chance that the Thunder wins the NBA finals this year. That’s followed by a 12% chance for the Denver Nuggets and a 10% chance for the Cleveland Cavaliers.
                   </li>
                   <li style="Margin:0 0 8px 0">
                    🏈
                    <strong>
                     NFL:
                    </strong>
                    Sunday night, the Detroit Lions take on the Philadelphia Eagles in what is arguably one of the biggest games of the season so far, as two serious contenders for the NFC Championship — both Philly and Detroit are priced at a 20% shot at the latest market price — face each other. Philadelphia is favored with a 57% chance to win it,
                    <strong>
                    </strong>
                    according to the market.
                   </li>
                  </ul>
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                  <p style="margin:0;margin-bottom:16px">
                   *Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.
                  </p>
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                     </span>
                    </td>
                   </tr>
                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
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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">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   What else we're Snackin'
                  </span>
                 </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%">
               <tr>
                <td class="pad" style="padding-bottom:5px;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">
                    Male hosts dominate the world of podcasting,
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      except in one category
                     </strong>
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Hims &amp; Hers
                    </strong>
                    announces the launch of a lab-testing product it says will
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      analyze bloodwork and suggest custom health plans
                     </strong>
                    </a>
                    <a style="text-decoration: underline; color: #5869ff;">
                    </a>
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Bitcoin
                    </strong>
                    treasury firms are doing
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      even worse than their underlying asset
                     </strong>
                    </a>
                    , as the once magic dust of
                    <strong>
                     “
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      pivoting to bitcoin
                     </strong>
                    </a>
                    <strong>
                     ”
                    </strong>
                    wears thin
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    <strong>
                     Meta
                    </strong>
                    is giving Marketplace a
                    <strong>
                     “
                    </strong>
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      glow up
                     </strong>
                    </a>
                    <strong>
                     ,”
                    </strong>
                    but still isn’t making it a stand-alone app, to our disappointment
                   </li>
                   <li aria-level="1" style="Margin:0 0 8px 0">
                    “The Big Short” investor
                    <strong>
                     Michael Burry
                    </strong>
                    de-registered his hedge fund, warning of market bubbles but also hinting at
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      “better things” ahead
                     </strong>
                    </a>
                   </li>
                   <li style="Margin:0 0 8px 0">
                    Lawmakers quietly slipped a
                    <a style="text-decoration: underline; color: #5869ff;">
                     <strong>
                      hemp THC ban
                     </strong>
                    </a>
                    into the funding bill last night
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
      </table>
      <table align="center" border="0" cellpadding="0" cellspacing="0" class="row row-13" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
       <tbody>
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                  </table>
                 </div>
                </td>
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              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
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        <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-size:auto;background-color:#5869ff;border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10px;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:600px;margin:0 auto" width="600">
           <tbody>
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                 <h1 style="margin:0;color:#fff;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:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Snack Fact of the Day
                  </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%">
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                <td class="pad" style="padding-bottom:10px;padding-left:40px;padding-right:40px;padding-top:10px">
                 <div style="color:#000;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:center;mso-line-height-alt:22px">
                  <p style="margin:0">
                   <a style="text-decoration: underline; color: #ffffff;">
                    <strong>
                     Elon Musk’s xAI has raised $15 billion, giving it a $200 billion valuation.
                    </strong>
                   </a>
                  </p>
                 </div>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
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        </tr>
       </tbody>
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           <tbody>
            <tr>
             <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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                 <div align="center" class="alignment">
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                     <span style="word-break: break-word;">
                     </span>
                    </td>
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                  </table>
                 </div>
                </td>
               </tr>
              </table>
              <table border="0" cellpadding="0" cellspacing="0" class="heading_block block-2" role="presentation" style="mso-table-lspace:0;mso-table-rspace:0" width="100%">
               <tr>
                <td class="pad" style="text-align:center;width:100%">
                 <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">
                  <span class="tinyMce-placeholder" style="word-break: break-word;">
                   Friday
                  </span>
                 </h1>
                </td>
               </tr>
              </table>
             </td>
            </tr>
           </tbody>
          </table>
         </td>
        </tr>
       </tbody>
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       <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;padding-left:25px;padding-right:25px;vertical-align:top" width="100%">
              <table border="0" cellpadding="0" cellspacing="0" class="list_block block-1" 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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                <td class="pad" style="padding-bottom:5px;padding-left:10px;padding-right:10px;padding-top:5px">
                 <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">
                    Earnings expected from
                    <strong>
                     Sony
                    </strong>
                    <strong>
                     Group
                    </strong>
                   </li>
                  </ul>
                 </div>
                </td>
               </tr>
              </table>
             </td>
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           </tbody>
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         <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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             <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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                 <div style="color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:11px;font-weight:400;letter-spacing:0;line-height:1.2;text-align:left;mso-line-height-alt:13px">
                  <p style="margin:0;margin-bottom:16px">
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   <strong>
                    Advertiser's disclosures:
                    <br/>
                   </strong>
                  </p>
                  <p style="margin:0;margin-bottom:16px">
                   1 BOXABL and FGMC have extended their merger deadline to March 31, 2026, pending regulatory and shareholder approvals, see
                   <a style="text-decoration: underline; color: #1d1d1d;">
                    SEC Exhibit 99
                   </a>
                   for further details.
                  </p>
                  <p style="margin:0">
                   2 Investing in a SPAC can introduce unique risks, including but not limited to regulatory and compliance risks, liquidity risks, structure and complexity.
                  </p>
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                   SHERWOOD MEDIA, LLC, 85 Willow Road, Menlo Park, CA 94025
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