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   Daily Brew // Morning Brew // Update
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     Stocks rise and oil falls, but ceasefire seems tenuous…
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             April 09, 2026
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               Good morning.
              </strong>
              REI’s first full-time employee and manager, Jim Whittaker, died on Tuesday at age 97.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               What a life he led
              </a>
              :
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                In 1963, just a decade after Tenzing Norgay and Edmund Hillary became the first confirmed climbers to reach the top of Mount Everest, Whittaker—an REI employee at the time—became the first American to summit Everest.
               </span>
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               <span>
                The next year, sales at REI reached $1 million for the first time, thanks to his feat.
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               <span>
                In 1975, he attempted to summit K2, but was forced back due to weather. In 1978, he led a K2 expedition in which he intentionally remained at lower camps to help the first Americans reach the top without him.
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              In 2013, he told The Seattle Times of mountain-climbing in uncertain conditions, “You always start up, because you can always turn around.” Wise words…
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              —
              <em>
               Matty Merritt, Dave Lozo, Molly Liebergall, Holly Van Leuven
              </em>
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
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               In today’s newsletter,
              </strong>
              we’ll look at:
             </p>
             <ul style="margin-top:0;padding-left:30px">
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                The “relief rally” following the US–Iran ceasefire announcement
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                Meta’s brand-new AI model rollout
               </span>
              </li>
              <li style="margin-bottom:10px;line-height:22px">
               <span>
                A rat that changed the world for good getting his due
               </span>
              </li>
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               MARKETS
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            <!-- Nasdaq -->
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                  Nasdaq
                 </p>
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                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  22,634.99
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                     +2.80%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Nasdaq -->
            <!-- S&P -->
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                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1MDQ4N30:1wAmZ2:ayW1-Cx1QB5FLe63ws4k3Mg0G8IErWqiXt5sG3xdSSI" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  S&amp;P
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  6,782.81
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
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                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +2.51%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END S&P -->
            <!-- Dow -->
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1MTUyOH0:1wAmZ2:wS6HYwL2LpwSs4SedsXeO4-a6LEGIBn4H8Tl9nUe810" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Dow
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  47,909.92
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +2.85%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Dow -->
            <!-- 10-Year -->
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             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252Fe4a85d043f857cc8adaca9d546c099f6d7db37ba-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1MjU3N30:1wAmZ2:Egp4Q_sPQAlBWLXdIihFdTIjsc_akn-N8wl6-90pJnc" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  10-Year
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  4.291%
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#ff03034d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     -5.0 bps
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END 10-Year -->
            <!-- Bitcoin -->
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                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1MzYyNH0:1wAmZ2:AkQXHWqA2h_kdrsb-BctuiwPF1DWOshIu__tZO4IxJ4" style="width:22%" width="20"/>
                </td>
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                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Bitcoin
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $71,487.67
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +1.77%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Bitcoin -->
            <!-- Meta -->
            <tr>
             <td class="pads10 pads6m lastline" style="text-align:center;mso-padding-alt:0 20px 0 20px;border-top:1px solid #e6e6e6;border-bottom:1px solid #e6e6e6;padding-bottom:0">
              <table border="0" cellpadding="0" cellspacing="0" role="presentation" style="border-collapse:collapse;border-collapse:collapse" width="100%">
               <tr>
                <td align="center" class="markets-arrow-cell" style="text-align:center;width:12%;line-height:1em" valign="middle">
                 <img alt="" class="markets-arrow" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F6097ec1c26b17401a61bfbfe4440c75ebfea1886-44x39.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1NDY1NH0:1wAmZ2:j_viyV5my-JaVsN5u5ZTVo44uAR2yGh7r9UxCqf9wAo" style="width:22%" width="20"/>
                </td>
                <td class="markets-ticker-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  Meta
                 </p>
                </td>
                <td class="markets-value-cell" style="width:34%" valign="middle">
                 <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:left;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                  $612.42
                 </p>
                </td>
                <td class="markets-bubble-cell" style="width:20%;padding-top:8px;padding-bottom:8px" valign="middle">
                 <table border="0" cellpadding="0" cellspacing="0" class="markets-bubble" role="presentation" style="border-collapse:collapse;border-collapse:collapse;width:70%;margin:0 auto">
                  <tr>
                   <td style="background-color:#28d31a4d;border-radius:8px;padding:10px 8px" valign="middle">
                    <p class="pad0 mar0 markets-table-text" style="white-space:nowrap;vertical-align:middle;text-align:center;margin:0;padding:0;font-size:16px;font-weight:700;line-height:1em">
                     +6.50%
                    </p>
                   </td>
                  </tr>
                 </table>
                </td>
               </tr>
              </table>
             </td>
            </tr>
            <!-- END Meta -->
            <!-- START REGULAR TEXT -->
            <tr>
             <td style="padding:3px 15px 10px">
              <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;border-collapse:collapse;font-size:13px">
               <tr>
                <td style="padding-right:4px">
                 Data is provided by
                </td>
                <td style="margin:0;padding-right:5px">
                 <a style="display:block" target="_blank">
                  <img height="16px" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F61a0dac0b53d6766459afdca784ae8fe604f17ed-720x102.png%253Fh%253D32%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU1NTc0MX0:1wAmZ2:wZEtQ9SnGUyezcispm1ITCBKSf2M7kDD5pQx2MdK4B4" style="vertical-align:middle;height:16px;display:inline"/>
                 </a>
                </td>
               </tr>
              </table>
              <p style="text-align:left;margin:0;padding:0;font-size:13px;line-height:22px">
               *Stock data as of market close, cryptocurrency data as of 6:00pm ET.
               <a class="link-sm" rel="noopener" style="color:#333;border-bottom:1px solid #1c7ff2;text-decoration:none" target="_blank">
                Here's what these numbers mean.
               </a>
              </p>
             </td>
            </tr>
            <!-- END REGULAR TEXT -->
            <tr>
             <td style="mso-padding-alt:0px 15px 15px 15px;padding:0 15px">
              <ul style="margin-top:0;padding-left:30px">
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Markets:
                 </strong>
                </span>
                <span>
                 The major indexes
                </span>
                <span>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  jumped for joy
                 </a>
                </span>
                <span>
                 , closing way up on Wednesday, following President Trump’s announcement on Tuesday evening of a “double sided CEASEFIRE,” even as concerns lingered about whether the deal will hold.
                </span>
               </li>
               <li style="margin-bottom:10px;line-height:22px">
                <span>
                 <strong style="color:#000">
                  Stock spotlight:
                 </strong>
                </span>
                <span>
                 Investors gave Meta a boost after it announced Muse Spark, the first AI model it’s rolled out since assembling its “Superintelligence Labs”—its Avengers-coded team of engineers trying to catch up to and surpass the chatbot leaders.
                </span>
               </li>
              </ul>
              <div style="display:none">
              </div>
             </td>
            </tr>
            <tr>
             <td style="mso-padding-alt:0px 20px 15px 20px;padding:0 20px">
              <div style="background-color:#e8e8e8;margin-top:0;margin-bottom:15px;padding:15px;line-height:22px">
               <p style="margin-top:0;margin-bottom:0;line-height:22px">
                <strong style="color:#1c7ff2;font-size:16px">
                 Markets Sponsored by Frontieras
                </strong>
               </p>
               <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                <strong style="color:#000">
                 Final day:
                </strong>
                Their Nasdaq ticker (FASF) is reserved. You have until midnight to
                <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                 invest in Frontieras at the current price
                </a>
                .
               </p>
              </div>
             </td>
            </tr>
           </table>
          </td>
         </tr>
        </table>
        <!--[if !mso ]><! -- -->
       </div>
      </div>
      <!-- <![endif]-->
      <!-- END MARKETS -->
      <!-- STORY ARTICLE -->
      <!--[if !mso ]><! -- -->
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       <!-- <![endif]-->
       <table border="0" cellpadding="0" cellspacing="0" class="story-container" style="border-collapse:collapse" width="100%">
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            TOO EARLY?
           </p>
          </div>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Both Iran and US claim victory as tensions simmer
                </a>
               </p>
              </div>
             </table>
             <div class="header-image-container" style="padding-top:15px">
              <a style="border:none;text-decoration:none" target="_blank">
               <img alt="Strait of Hormuz" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-08%252Fimage-5fda23f28e5456aa909c9b0ad774f158162e237b-3489x2313-jpg%252FGettyImages-2269814429.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU1NzAyfQ:1wAmZ2:0M29ysuJOSg8mo8yhbE8Dxw_GakP8SW7I3LIBDg7X4I" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Shadi J. H. Alassar/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 What a difference a day makes. Tuesday’s eleventh-hour, two-week ceasefire deal led to both the US and Iran claiming a W on Wednesday, which sent markets
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  into party mode
                 </a>
                 and led to oil dropping well below $100/barrel:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The S&amp;P 500 closed up 2.5% while the Dow jumped 2.8%, the largest one-day percentage point gain since last April. The Nasdaq and the Russell 2000 also got similar bumps.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Commercial airlines, which were just
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    scrambling to offset
                   </a>
                  </span>
                  <span>
                   eye-watering jet-fuel prices, also rose, including Southwest Airlines (+6.7%), United (+7.9%), and Delta (+3.8%).
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 By yesterday afternoon, however, geopolitical confusion and tension began simmering again, as the ceasefire looked increasingly brittle.
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 <strong style="color:#000">
                  Unlimited Strait talk
                 </strong>
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Not long after the collective sigh of relief was exhaled yesterday, Israel struck Beirut, killing at least 182 people, and said that Lebanon was not part of the ceasefire deal due to Hezbollah:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Pakistan, which has served as mediator, said Lebanon
                  </span>
                  <span>
                   <em>
                    was
                   </em>
                  </span>
                  <span>
                   part of the ceasefire deal it helped broker.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Iran called Israel’s attacks on Lebanon a “grave violation” of the ceasefire agreement.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Vice President JD Vance said the Israel–Lebanon situation was a “
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    legitimate misunderstanding
                   </a>
                  </span>
                  <span>
                   ” that could be cleared up.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Running parallel to this—a series of mixed messages over what’s going on with the Strait of Hormuz:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   In his message on Tuesday announcing the ceasefire, President Trump said the pact with Iran hinged on its “agreeing to the COMPLETE, IMMEDIATE, and SAFE OPENING of the Strait of Hormuz.”
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   After Israel’s attacks on Lebanon, Iran disputed reports that the Strait of Hormuz was open.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   As of this morning, media outlets reported there was little evidence that the Strait had reopened and even suggested that Iran had put new sea mines in the waterway.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Looking ahead…
                 </strong>
                 experts are warning that the Wall Street rally might be a little early. The enthusiasm may get curbed when markets open today.
                 <em>
                  —MM
                 </em>
                </p>
               </td>
              </tr>
              <tr>
               <td class="social-container" style="padding-bottom:15px;padding-left:15px">
                <!-- SOCIAL LINKS -->
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            Presented By Frontieras
           </p>
          </div>
          <div class="title-container" style="padding:0 15px">
           <p class="h1" style="color:#333;margin-top:8px;margin-bottom:0;font-family:Helvetica,Arial,sans-serif;font-size:24px;font-weight:700;line-height:26px">
            <a style="text-decoration:none;color:#000!important;border-bottom:none!important" target="blank">
             <strong style="color:#000">
              Unlocking $2.1 trillion in energy potential
             </strong>
            </a>
           </p>
          </div>
          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Frontieras" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-02-11%252Fimage-0a1143870066a43620693f425bb6f2b76d9bec24-1200x800-png%252F0a1143870066a43620693f425bb6f2b76d9bec24-1200x800.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU2MTc4OH0:1wAmZ2:hnjwkGdhObbYpdGjwGbL2fFtq6Cv7FdiJSz7L1T4Cdw" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              Founders Matt McKean and Joseph Witherspoon are on the path to commercializing a technology that extracts valuable resources from coal without burning it. Frontieras North America has the potential to address
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               $2.1 trillion worth of markets
              </a>
              , from hydrogen to diesel to jet fuel and more.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              It’s similar to when John D. Rockefeller commercialized oil refining technology. If Frontieras captures just 2% of the global coal market, they have a
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               roadmap to achieving a $1 trillion valuation
              </a>
              .
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              They’ve broken ground for their $850 million flagship facility. Now, with their Nasdaq ticker (FASF) reserved and the White House favoring domestic energy, this company is positioned for potential valuation impact.
             </p>
             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest in Frontieras before their share price changes
              </a>
              tonight at 11:59pm PT.
             </p>
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            WORLD
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                 Tour de headlines
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              <img alt="Meta announces new AI LLM" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-08%252Fimage-ff6b7f7b5d66fd65a8141591e65b75a339a12bcb-4000x2667-jpg%252FMBD-MetaAI-0426.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU2MzA4Mn0:1wAmZ2:yH8Cdl7Gs3sIsmD7RPH5oNbXpq0KM18992gnr9fdLH4" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Meta Chief AI Officer Alexandr Wang. Ludovic Marin/Getty Images
                 </em>
                </small>
               </span>
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Frobot-face_1f916.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU2NDM3Mn0:1wAmZ2:Vn4KvdmdvUXrZi-DJD6XzJANIrkCcsYerN_FqR7qj2Q" style="max-width:18px" width="18"/>
                  Meta releases first AI model from its “superintelligence” lab.
                 </strong>
                 Here’s a Meta software announcement that really has legs. The new model,
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  called Muse Spark
                 </a>
                 , will power Meta’s AI chatbot and provide features within it. In an announcement, Meta CEO Mark Zuckerberg framed the development as making good on the founding promise of Meta Superintelligence Labs: “putting personal superintelligence in everyone’s hands.” The company’s internal benchmarks showed it outscoring xAI’s Grok on most metrics and Google’s Gemini on some, while being competitive with models from OpenAI and Anthropic. The lab was assembled nine months ago with a multibillion-dollar investment that secured Alexandr Wang, the former Scale AI CEO, to lead the team.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Feyes_1f440.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU2NTQwNH0:1wAmZ2:jyzdxrHPPa0eI8ZUzx_mydnlbYbEffrfEzFyC44l6Sg" style="max-width:18px" width="18"/>
                 <strong style="color:#000">
                  Federal Reserve is in wait-and-see mode over Iran war, according to March minutes.
                 </strong>
                 The notes from
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  the Fed’s last meetings
                 </a>
                 , held on March 17 and 18, revealed that “most participants commented that it was too early to know how developments in the Middle East would affect the US economy,” although many expected inflation to continue moving toward its 2% target. The consensus of the Federal Open Market Committee remains unchanged that just one interest rate cut will happen this year. Some Fed watchers, however, hold out hope that if a perdurable ceasefire in the Iran war takes hold, there will be additional rate cuts.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fclassical-building_1f3db.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU2NjQ0OX0:1wAmZ2:Zox1q90xK3N2PAl5c1cq8V-5rE5Cso_kcZ9xEgQ12x4" style="max-width:18px" width="18"/>
                  Jeff Shell steps down as Paramount’s president after alleged SEC violations.
                 </strong>
                 Paramount’s board of directors said in a statement that Shell was stepping down to
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  focus on the lawsuit
                 </a>
                 that R.J. Cipriani brought against him last month, accusing Shell of leaking corporate secrets. Shell denies the claim, and Paramount has called Cipriani’s accusations “baseless.” Shell was a top lieutenant of Paramount CEO David Ellison, who appointed him president after the Skydance–Paramount merger closed. Shell held the job for eight months. His departure comes amid Paramount’s next big project: closing the Warner Bros. Discovery deal.—
                 <em>
                  HVL
                 </em>
                </p>
               </td>
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            IDENTITY GRIEF
           </p>
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 NYT thinks it solved Bitcoin’s biggest mystery
                </a>
               </p>
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               <img alt="Blurry photo of a person with a bitcoin graphic blocking their face." src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-08%252Fimage-27e036dd013f94d2fb33f773d2ee3c241ef09a6c-1500x1000-jpg%252FMBD_SatoshiNakamoto_SM_04082026.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU2NzcwM30:1wAmZ2:bCZw7MaPQEtXS8gHCFqAVOFe6qA3iIpLqS0mMYNc52k" style="width:100%;max-width:670px;display:block" width="670"/>
              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Morning Brew Design, Photos: Unsplash, Adobe Stock
                 </em>
                </small>
               </span>
              </p>
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               <td class="content-container" style="padding:15px 15px 0">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 The New York Times reported yesterday that the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  true identity
                 </a>
                 of mysterious Bitcoin creator Satoshi Nakamoto was British cryptographer and entrepreneur Adam Back. Hours later, Back told the BBC that The Gray Lady had the
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  wrong guy
                 </a>
                 , adding a new chapter to the 17-year mystery of the pseudonym.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The NYT investigation began
                 </strong>
                 with a reporter watching Back in a documentary about Satoshi’s identity in which he had “shifty eyes,” much like most men you see on a subway train. That led to interviews with Back and an analysis of similar communications from Back and Satoshi that reduced more than 34,000 suspects down to one—Back.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Back responded
                 </strong>
                 by flat-out disputing some of the facts in the NYT piece, saying other evidence was “a combination of coincidence and similar phrases from people with similar experience and interests.”
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Does Satoshi’s identity matter?
                 </strong>
                 Crypto Banksy has an estimated $78 billion in their wallet, but as one analyst told Morningstar, as long as that person doesn’t dump it all into the market or isn’t linked to a government, it may
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  not matter
                 </a>
                 beyond satisfying curiosity.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  The price of Bitcoin
                 </strong>
                 climbed above $72,600 yesterday morning but dropped to ~$71,300 later in the afternoon.
                 <em>
                  —DL
                 </em>
                </p>
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            READER POLL
           </p>
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                 <div style="margin-bottom:5px">
                  <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                   Will the person behind the Satoshi Nakamoto alias ever be found?
                  </p>
                 </div>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Yes
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  No
                  <br/>
                 </a>
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  They have already been found
                  <br/>
                 </a>
                </div>
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            Together With Frontieras
           </p>
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          <a style="border:none;text-decoration:none" target="_blank">
           <img alt="Frontieras" class="sponsored-header-image" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-02-11%252Fimage-0a1143870066a43620693f425bb6f2b76d9bec24-1200x800-png%252F0a1143870066a43620693f425bb6f2b76d9bec24-1200x800.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU3MjU1fQ:1wAmZ2:Rxkh_BCXGuFAa1xyCwI9wXs3E0rPO8SVLx3bIEdAkEk" style="width:100%;max-width:670px;padding-top:15px;display:block" width="670"/>
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             <p style="margin-top:0;margin-bottom:15px;line-height:22px">
              <strong style="color:#000">
               Unlocking $2.1 trillion in energy potential.
              </strong>
              Founders Matt McKean and Joe Witherspoon created a technology that
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               extracts valuable resources from coal without burning it
              </a>
              . It’s a $2 trillion opportunity. They just broke ground on their $850m flagship facility in WV, and their Nasdaq ticker is reserved.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               Invest in Frontieras before their share price changes
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              tonight at 11:59pm PT.
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            NICE JEANS
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                <a style="color:#000;border-bottom:none;text-decoration:none" target="_blank">
                 Go ahead and dance, Levi’s, you earned it
                </a>
               </p>
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              </a>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
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                 <em>
                  Richard Baker/Getty Images
                 </em>
                </small>
               </span>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 After spending about a month in the red, shares of Levi Strauss
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  jumped
                 </a>
                 back into positive territory for the year yesterday, following a strong earnings report that also noted a major milestone: For the first time, direct-to-consumer sales accounted for more than half of the company’s quarterly revenue.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  High-rise, not distressed:
                 </strong>
                 Overall revenue last quarter increased 14% from the same time last year, buoyed by Levi’s store and website sales, but also by
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  wholesale
                 </a>
                 revenue. That trend even grew in the US, where Levi’s severed some retail partnerships as it leaned harder into DTC.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Working in Levi’s favor:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The company offset tariff pressure by raising prices, which accounted for roughly half of its growth without steering away customers, according to its CFO.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   It lost some dead weight by selling its
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    struggling
                   </a>
                  </span>
                  <span>
                   khaki brand, Dockers, last month.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Levi’s has also benefited from the popularity of ’90s styles like jorts and a
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    resurgence
                   </a>
                  </span>
                  <span>
                   of country trends (hat tip to Beyoncé).
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Another pop culture bump:
                 </strong>
                 The company’s CEO said Levi’s saw a 25%
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  spike
                 </a>
                 in sales of its 517 jeans, which were a wardrobe staple for Carolyn Bessette and featured in the FX series
                 <em>
                  Love Story
                 </em>
                 about her and JFK Jr. The show premiered about two weeks before Levi’s quarter ended, meaning viewers wasted no time smashing that “Order” button.
                 <em>
                  —ML
                 </em>
                </p>
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                <!-- SOCIAL LINKS -->
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            STAT
           </p>
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                 Prime number: 7-foot statue to a legend
                </a>
               </p>
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              <img alt="illustration of the Magawa rat statue" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2026-04-08%252Fimage-b7b764a04cc9c741495b258b6e170a767e595139-3000x2000-png%252FMBD_20260408_RATON_NI_01.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU3ODA0M30:1wAmZ2:_K-Q7DK__p0BW1yQq5q8Wvn1RnBZVM3I2Y-VHh2N0CY" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
               <span class="source" style="margin-top:5px;margin-bottom:0;padding-left:10px;line-height:14px;display:inline-block">
                <small>
                 <em>
                  Nick Iluzada
                 </em>
                </small>
               </span>
              </p>
             </div>
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               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 A new monument has been erected to honor someone the public has no problem accepting as both a rat and a hero all at once.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 That someone is Magawa, the African giant pouched rat who
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  sniffed out 100 land mines
                 </a>
                 for the nonprofit Apopo, which trains and deploys the rodents to detect the explosives so that they can be safely cleared. Magawa died in 2022, but in his five-year career for the nonprofit, he distinguished himself as one of the best to ever do it. According to the Washington Post:
                </p>
                <ul style="margin-top:0;padding-left:30px">
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   He could search an area the size of a tennis court in 20 minutes by himself. It would take a human several days.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   The little guy cleared 1.52 million square feet of land, equivalent to ~26 football fields.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   He detected “dozens” of land mines during his tenure.
                  </span>
                 </li>
                </ul>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Magawa retired in 2021 and mentored some other rats for his encore career. The statue has been placed in Cambodia, where Magawa completed his life’s work. The nation has a goal to be land mine free by 2030. An estimated 6 million land mines remain there, according to Apopo.—
                 <em>
                  HVL
                 </em>
                </p>
               </td>
              </tr>
             </table>
            </td>
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            Sponsored By Kalshi
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              <strong style="color:#000">
               The green jacket is officially up for grabs.
              </strong>
              The
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               2026 Masters
              </a>
              begin today, and Kalshi traders are already making their predictions on who will take home the ultimate prize and title. Predictions look anything but certain, with a once-leading Scottie Scheffler now stabilizing at numbers closer to Jon Rahm’s margins.
              <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
               See the odds and make your predictions
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              .
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            NEWS
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                 What else is brewing
                </a>
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                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Vice President JD Vance
                   </a>
                  </span>
                  <span>
                   will lead peace talks with Iran on behalf of the US in Islamabad on Saturday.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    President Trump
                   </a>
                  </span>
                  <span>
                   threatened 50% tariffs on countries found to be supplying Iran with weapons.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Homebuyer mortgage applications
                   </a>
                  </span>
                  <span>
                   experienced a year-over-year decline last week–the first in a year, according to the Mortgage Bankers Association.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    Rex Heuermann
                   </a>
                  </span>
                  <span>
                   admitted in court to killing eight women in a 17-year period and dumping their bodies near Gilgo Beach, New York, as part of a plea deal.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    The “Ketamine Queen,”
                   </a>
                  </span>
                  <span>
                   whose real name is Jasveen Sangha, was sentenced to 15 years in prison in connection with Matthew Perry’s death in 2023.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    A Michigan man
                   </a>
                  </span>
                  <span>
                   was arrested in the Bahamas during the search for his missing wife, who he said fell off a small boat he was piloting in rough seas on Saturday.
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    A Maui doctor
                   </a>
                  </span>
                  <span>
                   accused of trying to kill his wife on a hike last year was found guilty of attempted manslaughter based upon extreme mental or emotional disturbance.
                  </span>
                 </li>
                </ul>
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            RECS
           </p>
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              <img alt="To-Do List" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-11-24%252Fimage-ff42f96869558a4ad4ab4f10936a3830dbf1d044-1350x330-png%252FMB_newsletter_banner_new.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU4MDQxM30:1wAmZ2:HjWuCG7-LQxm1ZDwlevbAz2Mouai5bYw5yMH5VU27dw" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
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                <div>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU4MTQyMX0:1wAmZ2:qjost7amG5HDvcWw24fwKWI2kOGWjTREr8rQ4ioHl5E" style="max-width:18px" width="18"/>
                   Learn:
                  </strong>
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   A beginner’s guide to chess
                  </a>
                  .**
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU4MjR9:1wAmZ2:ku1kHvn6zMb06WBCaKZd5DH-CSyNhGyLZ8Ty73P3Ybg" style="max-width:18px" width="18"/>
                   School of life:
                  </strong>
                  This high-school business teacher’s best case study is his own
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   bathroom wipes side hustle
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU4MzM1fQ:1wAmZ2:WAGUVr5wpkRzG0XHRERU9PPaGsTVDmc5wU5nCtMko7M" style="max-width:18px" width="18"/>
                   Dream on:
                  </strong>
                  An overview and comparison of how all the major brands
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   calculate sleep scores
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU4NDMwMX0:1wAmZ2:FHl-Nx9EMR5S_oU-CP66WWcA_SNnGt-6f9QtYKx_n0E" style="max-width:18px" width="18"/>
                   Forced fun:
                  </strong>
                  A tech company’s weeklong retreat to Honduras
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   went very, very wrong
                  </a>
                  .
                 </p>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <strong style="color:#000">
                   <img alt="" src="https://inboxflows.com/_/image/https%253A%252F%252Fem-content.zobj.net%252Fthumbs%252F120%252Fapple%252F237%252Fwhite-heavy-check-mark_2705.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlbS1jb250ZW50LiIsInRpbWUiOjE3NzU3MzAyODQuODU4NTI3Mn0:1wAmZ2:GHPNg2eQ7LqLkVXSuBRTnE3L5DCce7F_h06RpIQkrpY" style="max-width:18px" width="18"/>
                   What to cut when money’s tight:
                  </strong>
                  Check out
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   this list of 19 things
                  </a>
                  to eliminate from your budget and help you breathe a little easier (
                  <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                   most people ignore #11
                  </a>
                  ).*
                 </p>
                 <placementslot data-id="da45b29e0d21">
                 </placementslot>
                 <placementslot data-id="ca337c1bb83a">
                 </placementslot>
                 <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                  <sup>
                   <em>
                    *A message from our sponsor. **This is a product recommendation from our writers. When you buy through this link, Morning Brew may earn a commission.
                   </em>
                  </sup>
                 </p>
                </div>
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            PLAY
           </p>
          </div>
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           <tr>
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              <img alt="Games available from Morning Brew" src="https://inboxflows.com/_/image/https%253A%252F%252Fmorningbrew.com%252Fcdn-cgi%252Fimage%252Fwidth%253D1336%252Cformat%253Dauto%252Fhttps%253A%252F%252Fstorage.morningbrew.com%252Fimage%252F2025-09-11%252Fimage-3524949da8d220051120175f97246671d52e0b38-2700x660-png%252FIMG_9052.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtb3JuaW5nYnJldyIsInRpbWUiOjE3NzU3MzAyODQuODU4NjM4fQ:1wAmZ2:Z5BCfluKHcmlzMyNfwhLuczW0MXvoyUayGH7aGrObpE" style="width:100%;max-width:670px;display:block" width="670"/>
              <p style="margin:0;padding:0;line-height:22px">
              </p>
             </div>
             <table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse" width="100%">
              <tr>
               <td class="content-container" style="padding:15px">
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <strong style="color:#000">
                  Brew Mini:
                 </strong>
                 Your sample clue for today is “Drink that, despite its name, did not originate in India.”
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  Play the Mini here
                 </a>
                 .
                </p>
                <h2 style="color:#000;margin:0 0 15px;font-family:Helvetica,Arial,sans-serif;font-size:19px;font-weight:700">
                 Three Headlines and a Lie
                </h2>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Three of these headlines are real and one is faker than whatever makes blue raspberry that color. Can you spot the odd one out?
                </p>
                <ol>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Harlem Globetrotters
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    teach
                   </a>
                  </span>
                  <span>
                   Pope Leo to spin basketball on his finger
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Stork warning: woman
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    gives birth
                   </a>
                  </span>
                  <span>
                   midair on Jamaica-to-New York flight
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Where do most of your old bookshelves go? To
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    this guy
                   </a>
                  </span>
                  <span>
                   in Arkansas
                  </span>
                 </li>
                 <li style="margin-bottom:10px;line-height:22px">
                  <span>
                   Human skull
                  </span>
                  <span>
                   <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                    discovered
                   </a>
                  </span>
                  <span>
                   during Easter egg hunt in California
                  </span>
                 </li>
                </ol>
               </td>
              </tr>
             </table>
            </td>
           </tr>
          </table>
         </td>
        </tr>
       </table>
       <!--[if !mso ]><! -- -->
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            SHARE THE BREW
           </p>
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              <tr>
               <td class="content-container" style="padding:15px">
                <a>
                 <img alt="Referrals Get Rewarded" src="https://inboxflows.com/_/image/https%253A%252F%252Fcdn.sanity.io%252Fimages%252Fbl383u0v%252Fproduction%252F186d427b237afa331a96448ae17d5a27b6d8ca2a-1350x330.png%253Fw%253D1340%2526q%253D100%2526auto%253Dformat/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZjZG4uc2FuaXR5LiIsInRpbWUiOjE3NzU3MzAyODQuODU4NzQyNX0:1wAmZ2:IaX0wee3PoS8n1nRS43fmYrs5iX4xtMtZPy2rh1QNvI" style="width:100%;max-width:670px;margin-bottom:15px;display:block" width="670"/>
                </a>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Share the Brew, watch your referral count climb, and unlock brag-worthy swag.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Your friends get smarter. You get rewarded. Win-win.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <b>
                  Your referral count:
                 </b>
                 0
                </p>
                <a class="stb-btn" style="color:#fff;text-align:center;background-color:#1c7ff2;border-radius:4px;width:100%;max-width:150px;padding:15px;font-family:Helvetica,Arial,sans-serif;font-size:16px;font-weight:900;text-decoration:none;display:block;margin-top:inherit!important;margin-bottom:inherit!important;margin-right:inherit!important;margin-left:inherit!important">
                 Click to Share
                </a>
                <p style="margin-top:15px;margin-bottom:15px;line-height:22px">
                 Or copy &amp; paste your referral link to others:
                 <br/>
                 <a class="link" style="color:#252525;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  morningbrew.com/r/?kid=979c4554
                 </a>
                </p>
               </td>
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             </table>
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         </td>
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       <!--[if !mso ]><! -- -->
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      <!-- <![endif]-->
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      <!-- STORY ARTICLE -->
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            ANSWER
           </p>
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              <tr>
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                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 We made up the one about the bookshelves.
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 <span style="text-decoration:underline">
                  Word of the Day
                 </span>
                </p>
                <p style="margin-top:0;margin-bottom:15px;line-height:22px">
                 Today’s Word of the Day is: perdurable, meaning “very durable.” Thanks to Charles Pill from Arlington, VA, for a rock-solid suggestion. Submit another Word of the Day
                 <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                  here
                 </a>
                 .
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      <!-- DISCLAIMER -->
      <!--[if !mso]> <! -- -->
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             <p style="margin-top:0;margin-bottom:15px;font-size:10px;line-height:10px">
              <strong style="color:#000">
               ✢ A Note From Frontieras
              </strong>
             </p>
             <span style="font-size:10px">
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               This is a paid advertisement for Frontieras’ Regulation A offering. Please read the offering circular at
               <a class="link" style="color:#333;border-bottom:2px solid #1c7ff2;text-decoration:none" target="_blank">
                https://invest.frontieras.com/
               </a>
               .
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Reservation of the ticker symbol is not a guarantee that we will be listed on the Nasdaq. Listing on the Nasdaq is subject to approvals.
              </p>
              <p style="margin-top:0;margin-bottom:15px;line-height:22px">
               Under Regulation A+, a company has the ability to change its share price by up to 20% without requalifying the offering with the SEC.
              </p>
             </span>
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