Inboxes List

Create an inbox to save and track emails. It's free!

+New inbox
Back
Back
Back 
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "//www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html lang="en" style="width: 100%;" xmlns="//www.w3.org/1999/xhtml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:v="urn:schemas-microsoft-com:vml" xmlns:w="urn:schemas-microsoft-com:office:word">
 <head>
  <meta content="text/html; charset=utf-8" http-equiv="Content-Type"/>
  <meta content="IE=edge" http-equiv="X-UA-Compatible"/>
  <meta content="width=device-width, initial-scale=1" name="viewport"/>
  <meta name="x-apple-disable-message-reformatting"/>
  <title>
   The IPO millionaire's tax trap
  </title>
  <link href="https://fonts.google.com/share?selection.family=Inter:ital,opsz,wght@0,14..32,100..900;1,14..32,100..900" rel="stylesheet" type="text/css"/>
  <!--[if gte mso 9]><style type="text/css">h1,h2,h3,div,p,td,span,em,strong,ol,ul,li,a {font-family: Arial, Helvetica, sans-serif !important;}</style><![endif]-->
  <style type="text/css">
   table.table100 { background-color: rgba(249, 248, 246, 1); max-width: 600px }
table.table100>tr>td, table.table100>tbody>tr>td { font-family: Arial, Helvetica, sans-serif; font-size: 16px; color: rgba(18, 23, 33, 1) }
table.table100 h1 { font-family: Arial; font-size: 32px; font-weight: bold; color: rgba(18, 23, 33, 1) }
table.table100 h2 { font-family: Arial; font-size: 20px; font-weight: bold; color: rgba(18, 23, 33, 1) }
table.table100 h3 { font-family: Arial; font-size: 18px; font-weight: bold; color: rgba(18, 23, 33, 1) }
.editor-email-button { font-family: Arial; font-size: 24px; background-color: rgba(0, 0, 0, 1); border-radius: 25px; color: rgba(0, 213, 255, 1); width: 100%; height: 40px; padding: 10px }
table.table100 a { color: rgba(18, 23, 33, 1) }
@media only screen and (max-width: 640px) { #pad-mobile { display: block !important } #pad-desktop { display: none !important } }
.dlv-content-wrapper { background-color: rgba(249, 248, 246, 1) }
table.email-cell-group {
	border-collapse: collapse;
	width: 100%;
	table-layout: fixed;
}

table.socialButton td {
	vertical-align: middle !important;
}

table.table100 {
	margin: 0px auto;
}

img.img100 {
	vertical-align: middle;
}

table.dragndrop {
	table-layout: fixed;
}

table.dragndrop td {
	vertical-align: top;
}

a img {
	border: 0;
}

@media screen {
	img.img100 {
		max-width: 100% !important;
		height: auto !important;
		width: auto;
	}
}

@media screen and (max-width: 600px) {
	table.table100 {
		width: 100% !important;
	}
	
	body {
		margin: 0 !important;
		min-width: 100% !important;
	}
	
	body#MessageViewBody {
		margin: 0px auto !important;
	}
	body > div {
		margin: 0 !important;
	}
	
	u + * table.table100 {
		min-width: 100vw !important;
	}
	
	div > u ~ div table.table100 {
        min-width: 0px !important;
    }
}
.desktophide {
	display: none;
	mso-hide: all;
}

@media screen and (max-width: 450px) {
	ol, ul {
		margin-top: 0px !important;
		margin-bottom: 0px !important;
		padding-top: 16px !important;
		padding-bottom: 16px !important;
	}

	td.td100, table.email-cell-group.responsive > tbody > tr > td {
		display: block !important;
		width: 100% !important;
		box-sizing: border-box !important;
	}
	table.email-cell-group.desktophide {
		display: table !important;
	}
	td.td100.mobilehide, table.email-cell-group.responsive > tbody > tr > td.mobilehide, table.email-cell-group > tbody > tr > td.mobilehide {
		display: none !important;
	}
	table.dragndrop.responsive > colgroup, table.email-cell-group.responsive > colgroup, table.email-cell-group.responsive > colgroup > col {
		display: none !important;
	}

	img.img100 {		
		width: 100% !important;
		object-fit: contain !important;
	}

	table.calendar-links a {
		display: block !important;
		padding: 4px 0 !important;
	}
	table.calendar-links span {
		display: none !important;
	}
}

@media screen yahoo {
	table.table100 img,
	table.dlv-content-wrapper img {
		max-width: 100% !important;
		height: auto !important;
		box-sizing: border-box !important;
	}
	table.table100 img.img100,
	table.dlv-content-wrapper img.img100 {
		width: auto !important;
	}
	table.table100 img[width="100%"],
	table.dlv-content-wrapper img[width="100%"],
	table.table100 img[style*="width:100%"],
	table.table100 img[style*="width: 100%"],
	table.dlv-content-wrapper img[style*="width:100%"],
	table.dlv-content-wrapper img[style*="width: 100%"],
	table.table100 td.editor-cell-image[colspan="6"] > img,
	table.table100 td.editor-cell-image[colspan="6"] > a > img {
		width: 100% !important;
	}
}

/* baseline */
@media screen {
	img.imgMap100 {
		display: none !important;
	}
	img.baselineMap {
		display: block !important;
	}
}

@media screen and (max-width: 450px) {
	img.baselineMap {
		display: none !important;
		width: 0 !important;
		max-height: 0 !important;
	}
}
@media screen and (max-width: 450px) {
	tr.trpad10 > td {
		padding-left: 10px !important;
		padding-right: 10px !important;
	}
	tr.trpad20 > td {
		padding-left: 20px !important;
		padding-right: 20px !important;
	}
}
  </style>
  <!--[if gte mso 9]><xml><o:OfficeDocumentSettings><o:AllowPNG/><o:PixelsPerInch>96</o:PixelsPerInch></o:OfficeDocumentSettings></xml><![endif]-->
 </head>
 <body>
  <div id="PreHeader" style="display: none !important; mso-hide:all;">
   Plus: Nvidia and Meta's warning on AI restrictions.
  </div>
  <img alt="" height="1" src="https://inboxflows.com/_/image/https%253A%252F%252Fwww.ne16.com%252Fdo%252F11016848%252F222404108%252F1009235%252F1.gif%253Fx%253D862f9ed8/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ3d3cubmUxNi5jbyIsInRpbWUiOjE3ODUxNDczMDkuMTM1NTc1fQ:1woIMX:vMC4YGdN7C7Xv0Js8pR9OBNiC_W9UCZAjkyuupyi-Eg" width="1"/>
  <table align="center" bgcolor="#FFFFFF" border="0" cellpadding="0" cellspacing="0" style="font-family: Verdana; color: #444444; text-align:center;" width="100%">
   <tr>
    <td align="center" style="text-align:center;font-size:xx-small">
     <a aria-label="Email tracking pixel">
      ‌
     </a>
     <br/>
     <a style="font-size: xx-small; color:#336699" target="_blank">
      View as a Web page
     </a>
     <br/>
     <br/>
    </td>
   </tr>
  </table>
  <table cellpadding="0" cellspacing="0" class="dlv-content-wrapper" style="background-color:#F9F8F6" width="100%">
   <tbody>
    <tr>
     <td align="center">
      <table align="center" bgcolor="#f9f8f6" border="0" bordercolor="#FFFFFF" cellpadding="0" cellspacing="0" class="table100" style="background-color:#F9F8F6;max-width:600px;margin:0px auto" width="600">
       <tr>
        <td style="font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
         <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
          <tbody>
           <tr class="trpad10">
            <td class="mobilehide editor-cell-text td100" colspan="2" style="vertical-align:middle;width:180px;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="180">
             <div style="text-align: center">
              <a data-linktext="Business news" data-linktype="Normal" style="color:#121721" target="_blank">
               Business news
              </a>
             </div>
            </td>
            <td class="mobilehide editor-cell-text td100" colspan="2" style="width:180px;vertical-align:middle;text-align:center;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="180">
             <div>
              <a data-linktext="Money &amp; Markets" data-linktype="Normal" style="color:#121721" target="_blank">
               Money &amp; Markets
              </a>
             </div>
            </td>
            <td class="mobilehide editor-cell-text td100" colspan="2" style="width:180px;vertical-align:middle;text-align:center;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="180">
             <div>
              <a data-linktext="Tech &amp; Innovation" data-linktype="Normal" style="color:#121721" target="_blank">
               Tech &amp; Innovation
              </a>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" 
style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr>
            <td align="left" class="editor-cell-image td100" colspan="6" style="width:600px;font-size:1px;text-align:left;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <a aria-label="Linked image" style="color:#121721" target="_blank">
              <img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F071026-qz-logo-600.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3ODUxNDczMDkuMTM2MTMzN30:1woIMX:DMq1en8zZGz98tSfJNqoj1uHoZR7oM1dX0Cb3-j-zZ4" style="width:600px;vertical-align:middle;border:0" width="600"/>
             </a>
            </td>
           </tr>
           <tr class="trpad10" style="background-color:#17253D">
            <td class="editor-cell-text td100" colspan="6" style="background-color:#17253D;padding:10px;color:#F9F8F6;vertical-align:middle;text-align:center;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:16px" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <a data-linktext="Daily Brief" data-linktype="Normal" style="color:#F9F8F6;text-decoration:none;font-size:32px" target="_blank">
               Daily Brief
              </a>
             </h1>
            </td>
           </tr>
           <tr class="trpad20">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px 
20px;font-family:Arial,Helvetica,sans-serif;font-size:15px;vertical-align:middle;text-align:center;width:560px;color:#121721" width="560">
             <div>
              Monday, July 27, 2026
             </div>
            </td>
           </tr>
           <tr>
            <td align="left" class="editor-cell-image td100" colspan="6" style="width:600px;text-align:left;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <a aria-label="Nikolas Kokovlis / NurPhoto via Getty Images" style="color:#121721" target="_blank" title="Nikolas Kokovlis / NurPhoto via Getty Images">
              <img alt="Nikolas Kokovlis / NurPhoto via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2267710211-1920x1280.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM2MzAwNn0:1woIMX:k_Db679oVoIoHssp0B3I9_9GiPvPfuBNcqBPtUv30Xs" style="width:600px;vertical-align:middle;border:0" width="600"/>
             </a>
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;vertical-align:middle;text-align:center;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <div>
              <span style="color:#808080">
               Nikolas Kokovlis / NurPhoto via Getty Images
               <span class="ql-cursor">
                
               </span>
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               What happens when 12,000 tech employees become millionaires overnight
               <span class="ql-cursor">
                
               </span>
              </span>
             </h1>
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.6;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="580">
             <div>
              <span style="font-size: 16px; 
line-height: 1.6">
               Anthropic is expected to go public as early as this fall, and one employee has already accrued $40 million in vested equity after just three years with the company. Lockup periods will freeze the stock for months after the IPO closes, but the IRS will treat its full value as taxable income long before the first dollar is liquid. About 12,000 people across the coming wave of tech IPOs are headed into the same bind.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px; line-height: 1.6">
               Employers withhold taxes at 22%, 
but many employees owe 37%. On $40 million in vested equity, the 15-point difference represents a $6 million bill the employee likely never planned for. Advisors tell clients to park the cash in Treasuries and avoid irreversible decisions for at least 90 days.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px; line-height: 1.6">
               But real estate is almost always the first major purchase, and that's likely to happen in San Francisco, where most tech employees reside and prices are already 14.4% higher than a year 
ago.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="font-size: 16px; line-height: 1.6">
               A study of windfall recipients found nearly 40 cents of every inherited dollar had vanished within a year. Tech employees are more financially literate than typical inheritors, but advisors see the same impulses and treat every client as vulnerable until proven otherwise.
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="80%">
              <tbody>
               <tr>
                <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                  <tbody>
                   <tr>
                    <td height="50" style="vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                     <!--[if !mso]><!-->
                     <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border: 1px solid #000000; display: block; " target="_blank">
                      <!--<![endif]-->
                     </a>
                     <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="50" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                      <tbody>
                       <tr>
                        <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                         <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                          <tbody>
                           <tr>
                            <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                             <!--[if !mso]><!-->
                             <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border:
none; display: block; ">
                              Read more on Quartz
                             </span>
                             <!--<![endif]-->
                             <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10231818/1/1009235/?99a670bd=NThCOUI3QTE2Qzk0QjVFREFBMkM2MzY4QTU5NjE0NDhBM0Q1ODMyMEM4QzJENjM2NUM2N0RGRDhCMDFDMzJDRA&f5d63f87=REIlMjAwNy0yNw&x=10415f7e" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border: none; display: block; ">Read more on 
Quartz</a><![endif]-->
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                     <!--[if !mso]><!-->
                     <!--<![endif]-->
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" class="email-cell-group" style="border-collapse:collapse;width:100%;table-layout:fixed;margin-left:auto;margin-right:auto">
              <colgroup>
               <col width="100%"/>
              </colgroup>
              <tbody>
               <tr>
                <td colspan="1" height="24" style="width:100%;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr>
                <td class="snippet" colspan="1" style="position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                 <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
                  <tbody>
                   <tr style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" height="24" style="width:600px;background-color:#F9F8F6;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                     <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="padding:5px 
20px;width:560px;vertical-align:middle;text-align:left;background-color:#F9F8F6;color:#121721;font-family:Arial,Helvetica,sans-serif;font-size:16px" width="560">
                     <div>
                      Sponsored
                     </div>
                    </td>
                   </tr>
                   <tr style="background-color:#F9F8F6">
                    <td align="left" class="editor-cell-image td100" colspan="6" style="width:600px;background-color:#F9F8F6;text-align:left;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
                     <a aria-label="" style="color:#121721" target="_blank" title="">
                      <img alt="" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F070926-percent.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3ODUxNDczMDkuMTM2NDM5M30:1woIMX:HU7H1cDw4wsffSIQQP82NJUDQ_zenc4vwXKdQAHD3os" style="width:600px;max-height:314px;vertical-align:middle;border:0" width="600"/>
                     </a>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="padding:10px 20px;font-family:Arial,Helvetica,sans-serif;color:#168DD9;line-height:1.5;width:560px;background-color:#F9F8F6;vertical-align:top;font-size:16px;mso-line-height-rule:exactly" width="560">
                     <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
                      <span style="font-size:24px;line-height:1.6;color:#121721">
                       The $2 Trillion Asset Class You're Missing
                      </span>
                     </h2>
                    </td>
                   </tr>
                   <tr class="trpad20" style="background-color:#F9F8F6">
                    <td class="editor-cell-text td100" colspan="6" style="line-height:1.5;width:560px;background-color:#F9F8F6;padding:20px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721;mso-line-height-rule:exactly" width="560">
                     <div style="line-height: 1.6">
                      <span style="background-color:rgba(0,0,0,0);color:#121721;font-size:16px;line-height:1.6">
                       While retail investors chase volatile tech stocks, institutions like BlackRock and KKR are quietly allocating billions to private credit—a market that's grown 19x since 2006 and now approaches $2 
trillion globally.
                      </span>
                     </div>
                     <div style="line-height: 1.6">
                      <br/>
                     </div>
                     <div style="line-height: 1.6">
                      <span style="background-color:rgba(0,0,0,0);color:#121721;font-size:16px;line-height:1.6">
                       Why? Private credit offers what traditional portfolios increasingly lack: consistent yield potential (Percent's marketplace delivered 14.9% average net returns in 2024), lower correlation to public markets, and shorter investment horizons averaging just 9 months.
                      </span>
                     </div>
                     <div style="line-height: 1.6">
                      <br/>
                     </div>
                     <div>
                      <span style="background-color:rgba(0,0,0,0);color:#121721;font-size:16px;line-height:1.6">
                       With Percent, accredited investors can now access the same institutional-quality deals that were once exclusive to the ultra-wealthy. Start with as little as $500 and get up to $500 on your first investment. Invest like the smart money.
                      </span>
                     </div>
                    </td>
                   </tr>
                   <tr class="trpad10" style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" style="width:580px;background-color:#F9F8F6;vertical-align:middle;text-align:center;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
                     <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="80%">
                      <tbody>
                       <tr>
                        <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                         <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                          <tbody>
                           <tr>
                            <td height="50" style="vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                             <!--[if !mso]><!-->
                             <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: 1px solid #000000; display: block; " target="_blank">
                              <!--<![endif]-->
                             </a>
                             <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="50" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                              <tbody>
                               <tr>
                                <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                                 <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                                  <tbody>
                                   <tr>
                                    <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                                     <!--[if !mso]><!-->
                                     <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border:
none; display: block; ">
                                      Access Institutional-Grade Private Credit
                                     </span>
                                     <!--<![endif]-->
                                     <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/8610105/1/1009235/?f5d63f87=REIlMjAwNy0yNw&x=67d351c5" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Access Institutional-Grade Private 
Credit</a><![endif]-->
                                    </td>
                                   </tr>
                                  </tbody>
                                 </table>
                                </td>
                               </tr>
                              </tbody>
                             </table>
                             <!--[if !mso]><!-->
                             <!--<![endif]-->
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                    </td>
                   </tr>
                   <tr style="background-color:#F9F8F6">
                    <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                     <!--[if mso]><img src="//editor.ne16.com/spacer.gif" 
style="mso-hide:all;border:0;"><![endif]-->
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Today's Poll
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <div class="editor-email-poll" data-pollid="81c22383-a0b8-48a5-a37e-f5214408d2eb">
              <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
               Would you spend most of your tech windfall?
              </h2>
              <div>
               <br/>
              </div>
              <div class="editor-poll-answers classic">
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto 8px auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                Yes. I'd buy something I always wanted
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10231819/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0yNw&x=a82c192f" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">Yes. I'd buy something I always wanted</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto 8px auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                No. I'd invest first and stay disciplined
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10231820/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0yNw&x=053456c1" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display:
block; ">No. I'd invest first and stay disciplined</a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
               <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="100%">
                <tbody>
                 <tr>
                  <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                   <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                    <tbody>
                     <tr>
                      <td height="40" style="vertical-align:middle;text-align:center;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                       <!--[if !mso]><!-->
                       <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: 1px solid #000000; display: block; " target="_blank">
                        <!--<![endif]-->
                       </a>
                       <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="40" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                        <tbody>
                         <tr>
                          <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721" valign="middle">
                           <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                            <tbody>
                             <tr>
                              <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-size:16px;font-family:Arial,Helvetica,sans-serif;color:#121721">
                               <!--[if !mso]><!-->
                               <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">
                                I'd spend a fraction and save the rest
                               </span>
                               <!--<![endif]-->
                               <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10231821/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0yNw&x=a269fd13" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 16px;  border: none; display: 
block; ">I'd spend a fraction and save the rest </a><![endif]-->
                              </td>
                             </tr>
                            </tbody>
                           </table>
                          </td>
                         </tr>
                        </tbody>
                       </table>
                       <!--[if !mso]><!-->
                       <!--<![endif]-->
                      </td>
                     </tr>
                    </tbody>
                   </table>
                  </td>
                 </tr>
                </tbody>
               </table>
              </div>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Here's what you need to know
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
              <tbody>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;width:200px;vertical-align:middle;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
                 <a aria-label="Mandel Ngan / AFP via Getty Images" style="color:#121721" target="_blank" title="Mandel Ngan / AFP via Getty Images">
                  <img alt="Mandel Ngan / AFP via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FDonald%2520Trump%2520tariff%2520news%2520conference-1920x1279.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM2OTMyNn0:1woIMX:cr1CXiRdvBbPd1IMPg7y0nObwf6TYlWZ1yJoH8-21Dw" style="width:200px;vertical-align:middle;border:0" width="200"/>
                 </a>
                </td>
                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;vertical-align:top;color:#121721;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="Trump's new widespread tariffs target forced-labor products." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Trump's new widespread tariffs target forced-labor products.
                   </a>
                  </strong>
                  The measures, which replace President Donald Trump's worldwide tariffs, incur 10% to 12.5% charges on 99.4% of U.S. 
imports from top trading partners. Legal experts say these duties are less likely to be overturned in court.
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:200px;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
                 <a aria-label="Bloomberg / Getty Images" style="color:#121721" target="_blank" title="Bloomberg / Getty Images">
                  <img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2278890511-1920x1280.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3MDY4NX0:1woIMX:NBFznx0irhenl9G1O9rk3yS60OiBCrbzTEBzgzUFIaA" style="width:200px;vertical-align:middle;border:0" width="200"/>
                 </a>
                </td>
                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="Traders 
now see an 82% chance the Fed raises rates in September." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Traders now see an 82% chance the Fed raises rates in September.
                   </a>
                  </strong>
                  The odds jumped from about 53% a week earlier as global oil prices spiked past $100 a barrel and weekly unemployment claims fell to their lowest level since 1969, a sign of what some economists call an overheating economy.
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:200px;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
                 <a aria-label="Bing Guan / Bloomberg via Getty Images" style="color:#121721" target="_blank" title="Bing Guan / Bloomberg via 
Getty Images">
                  <img alt="Bing Guan / Bloomberg via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2095060450-1920x1280.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3MjI1Mn0:1woIMX:KbbEz6q2Sq0uaXM-vCUsUeb815eLKIakI8-pAC8K5ns" style="width:200px;vertical-align:middle;border:0" width="200"/>
                 </a>
                </td>
                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="E.U. charges TikTok
for exposing children's accounts to strangers." data-linktype="Normal" style="color:#17253D" target="_blank">
                    E.U. charges TikTok for exposing children's accounts to strangers.
                   </a>
                  </strong>
                  The European Commission says TikTok's default settings make it too easy for predators and cyberbullies to reach minors, putting the ByteDance-owned platform at risk of a fine worth up to 6% of its global annual revenue.
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:200px;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
                 <a aria-label="Getty Images / Picture Alliance" style="color:#121721" target="_blank" title="Getty Images / 
Picture Alliance">
                  <img alt="Getty Images / Picture Alliance" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2195802149-1920x1281.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3MzgwNn0:1woIMX:Qxps7q5jAnOHxeE6jhpS0MOKzEywf8et-v9wjmbdfGA" style="width:200px;vertical-align:middle;border:0" width="200"/>
                 </a>
                </td>
                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="Amazon requires sellers to label AI-generated people in photos." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Amazon requires sellers to label AI-generated people in photos.
                   </a>
                  </strong>
                  The move follows a New York state law, in effect since last month, mandating disclosure of digitally created human figures in ads. Amazon's rule covers any photorealistic synthetic person in seller-uploaded images or videos.
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="2" style="background-color:#F9F8F6;background-repeat:no-repeat;background-size:auto;vertical-align:middle;width:200px;text-align:left;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="200">
                 <a aria-label="Eli Hiller / The Washington Post via Getty Images" style="color:#121721" target="_blank" title="Eli 
Hiller / The Washington Post via Getty Images">
                  <img alt="Eli Hiller / The Washington Post via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2226519693-1920x1080.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3NDk5Nn0:1woIMX:47D7ez4nDTXUfJjssB58UmUSR6QtMx2RgV6FIh-_N2s" style="width:200px;vertical-align:middle;border:0" width="200"/>
                 </a>
                </td>
                <td class="editor-cell-text td100" colspan="4" style="background-color:#F9F8F6;padding:10px;font-size:16px;font-family:Arial,Helvetica,sans-serif;width:380px;line-height:1.4;color:#121721;vertical-align:top;mso-line-height-rule:exactly" width="380">
                 <div>
                  <strong style="color:#016FF0">
                   <a data-linktext="Trump's 
pledge against higher electricity bills wins support." data-linktype="Normal" style="color:#17253D" target="_blank">
                    Trump's pledge against higher electricity bills wins support.
                   </a>
                  </strong>
                  The president's voluntary commitment bars states and companies from passing AI data-center costs onto electricity customers. The utility companies that signed onto the pledge deliver about 80% of the country's electricity.
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img 
src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Recommended
              </span>
             </h1>
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop edited" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
              <tbody>
               <tr class="trpad20" style="background-color:#E9F2F9">
                <td class="editor-cell-text td100" colspan="6" style="font-family:Arial,Helvetica,sans-serif;line-height:1.3;width:560px;background-color:#E9F2F9;font-size:16px;padding:20px;vertical-align:top;color:#121721;mso-line-height-rule:exactly" width="560">
                 <div>
                  <strong style="font-size: 20px; font-family: Georgia, serif; line-height: 1.5">
                   The stories shaping Wall Street.
                  </strong>
                 </div>
                 <div>
                  <br/>
                 </div>
                 <div>
                  <span style="line-height: 1.5">
                   From long-standing power players to the newest disruptors,
                  </span>
                  <a data-linktext="Semafor Business" data-linktype="Normal" style="color:#016FF0;line-height:1.5" target="_blank">
                   Semafor Business
                  </a>
                  <span style="line-height: 1.5">
                   Editor Liz Hoffman &amp; Semafor Business Reporter Rohan Goswami deliver the scoops, insights, and analysis you need to stay ahead in a rapidly shifting financial landscape.
                  </span>
                 </div>
                 <div>
                  <br/>
                 </div>
                 <div>
                  <span style="line-height: 1.5">
                   Stay
informed. Stay ahead.
                  </span>
                 </div>
                 <div>
                  <br/>
                 </div>
                 <div>
                  <strong style="line-height:1.5;color:#016FF0">
                   <a data-linktext="Subscribe to Semafor Business for free" data-linktype="Normal" style="color:#016FF0" target="_blank">
                    Subscribe to Semafor Business for free
                   </a>
                  </strong>
                 </div>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" style="width:100%;border-collapse:collapse;margin-left:auto;margin-right:auto">
              <tbody style="padding:0;margin:0;touch-action:auto">
               <tr style="margin:0">
                <td align="center" style="padding:0;margin:0;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                 <a id="pad-desktop" style="display:block;color:#121721">
                  <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn1.pvd.to%252Fs%252Fgtus3a%253Femail%253D947418d3%2540uifeed.com%2526campaign_id%253D11016848%2526device%253Ddesktop%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4xLnB2ZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3NjE5fQ:1woIMX:4GUrcGOqT-7MtdoxJ0GtdW6y2IBg_AYaVsWlC3w-cns" style="width:100%;max-width:650px;border:0" width="650"/>
                 </a>
                 <a id="pad-mobile" style="display:none;color:#121721">
                  <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn2.pvd.to%252Fs%252Fgtus3a%253Femail%253D947418d3%2540uifeed.com%2526campaign_id%253D11016848%2526device%253Dmobile%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4yLnB2ZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3NzI5Mn0:1woIMX:Q74DTb5yCSQQ2VQXwdLgqrqD0fPnQFCu-Ii1iOmgtVI" style="width:100%;max-width:400px;border:0" width="400"/>
                 </a>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr>
            <td align="left" class="editor-cell-image td100" colspan="6" style="width:600px;text-align:left;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <a aria-label="Anadolu / Getty Images" style="color:#121721" target="_blank" title="Anadolu / Getty Images">
              <img alt="Anadolu / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2220153829-1920x1280.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODUxNDczMDkuMTM3ODQ3N30:1woIMX:zz33CK9nJt9CAayYYUk7UihpJMv-0gPKn4rGYZX8304" style="width:600px;vertical-align:middle;border:0" width="600"/>
             </a>
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;vertical-align:middle;text-align:center;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <div>
              <span style="color:#808080">
               Anadolu / Getty Images
               <span class="ql-cursor">
                
               </span>
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               Nvidia and Meta say closed AI models pose bigger risks than open ones
               <span class="ql-cursor">
                
               </span>
              </span>
             </h1>
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:16px;line-height:1.6;vertical-align:top;color:#121721;mso-line-height-rule:exactly" width="580">
             <div>
              <span style="line-height: 1.6; 
font-size: 16px">
               A coalition of more than 25 technology companies led by Nvidia, Meta, and Microsoft has urged U.S. policymakers not to restrict Chinese open-weight AI models, warning that limits designed to curb competitors would hurt American innovation. Open-weight models release their internal parameters publicly, allowing anyone to run and modify them, and the companies' joint letter argues premature restrictions would concentrate advanced AI behind a few closed systems.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="line-height: 1.6; 
font-size: 16px">
               Moonshot AI raised the stakes earlier this month by releasing Kimi K3, a Chinese model that outperformed several American competitors on industry benchmarks. White House advisor Michael Kratsios alleged Moonshot built it by distilling Anthropic's models, using their outputs to train a cheaper system.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="line-height: 1.6; font-size: 16px">
               The companies defended distillation as standard practice in AI development. The letter drew a line between legitimate use and misappropriation, calling
for targeted legal frameworks rather than broad restrictions. It also argued that concentrating advanced AI behind a few closed systems creates failures outsiders can't detect.
              </span>
             </div>
             <div>
              <br/>
             </div>
             <div>
              <span style="line-height: 1.6; font-size: 16px">
               Neither OpenAI nor Anthropic signed the letter. OpenAI president Greg Brockman said he had not been involved in any White House talks about restricting Chinese models.
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="80%">
              <tbody>
               <tr>
                <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                 <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                  <tbody>
                   <tr>
                    <td height="50" style="vertical-align:middle;text-align:center;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                     <!--[if !mso]><!-->
                     <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border: 1px solid #000000; display: block; " target="_blank">
                      <!--<![endif]-->
                     </a>
                     <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="50" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                      <tbody>
                       <tr>
                        <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" valign="middle">
                         <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                          <tbody>
                           <tr>
                            <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                             <!--[if !mso]><!-->
                             <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border:
none; display: block; ">
                              Read more on Quartz
                             </span>
                             <!--<![endif]-->
                             <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10232021/1/1009235/?99a670bd=NThCOUI3QTE2Qzk0QjVFREFBMkM2MzY4QTU5NjE0NDhBM0Q1ODMyMEM4QzJENjM2NUM2N0RGRDhCMDFDMzJDRA&f5d63f87=REIlMjAwNy0yNw&x=bf6eafd3" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 24px; font-weight: bold; border: none; display: block; ">Read more on 
Quartz</a><![endif]-->
                            </td>
                           </tr>
                          </tbody>
                         </table>
                        </td>
                       </tr>
                      </tbody>
                     </table>
                     <!--[if !mso]><!-->
                     <!--<![endif]-->
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr>
            <td class="snippet td100" colspan="6" style="width:600px;position:static;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" border="0" cellpadding="0" cellspacing="0" class="dragndrop" data-rss-posts="undefined" height="100%" style="table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
              <tbody>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="width:600px;background-color:#F9F8F6;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
               <tr class="trpad20" style="background-color:#F9F8F6">
                <td class="editor-cell-text td100" colspan="6" style="padding:5px 20px;width:560px;vertical-align:middle;text-align:left;background-color:#F9F8F6;font-family:Arial,Helvetica,sans-serif;color:#121721;font-size:12px" width="560">
                 <div>
                  Sponsored
                 </div>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td align="left" class="editor-cell-image td100" colspan="6" style="width:600px;background-color:#F9F8F6;font-size:1px;text-align:left;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <a aria-label="Linked image" style="color:#121721" target="_blank">
                  <img class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Feditor.ne16.com%252Fquartz-prod%252F070126financebuzzred3.jpeg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZlZGl0b3IubmUxNiIsInRpbWUiOjE3ODUxNDczMDkuMTM3OTQ3Nn0:1woIMX:73xSRpetO3B0dEZrV-ju5L6gJMA-Gh4Wm6Lqmowfl1k" style="width:600px;max-height:335px;vertical-align:middle;border:0" width="600"/>
                 </a>
                </td>
               </tr>
               <tr class="trpad20" style="background-color:#F9F8F6">
                <td class="editor-cell-text td100" colspan="6" style="padding:10px 20px;font-family:Arial,Helvetica,sans-serif;color:#121721;line-height:1.6;width:560px;background-color:#F9F8F6;font-size:24px;vertical-align:top;mso-line-height-rule:exactly" width="560">
                 <h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold;color:#121721">
                  <span style="color:#121721">
                   Pay 0% intro APR into 2028
                  </span>
                 </h2>
                </td>
               </tr>
               <tr class="trpad20" style="background-color:#F9F8F6">
                <td class="editor-cell-text td100" colspan="6" style="line-height:1.6;width:560px;background-color:#F9F8F6;padding:20px;color:#121721;font-size:16px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;mso-line-height-rule:exactly" width="560">
                 <div>
                  <span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
                   A long intro APR period can make a real difference when you are trying to pay down debt or plan a larger pur
                   <span class="ql-cursor">
                    
                   </span>
                   chase. The Wells Fargo Reflect® Card, featured by FinanceBuzz, offers 0% intro APR for 21 months from account opening on purchases and qualifying balance transfers, followed by a variable APR. It also has no annual fee.
                  </span>
                 </div>
                </td>
               </tr>
               <tr class="trpad10" style="background-color:#F9F8F6">
                <td class="td100" colspan="6" style="width:580px;background-color:#F9F8F6;vertical-align:middle;text-align:center;color:#00D5FF;padding:10px;font-family:Arial,Helvetica,sans-serif;font-size:16px" width="580">
                 <table align="center" border="0" cellpadding="0" cellspacing="0" style="margin:0 auto" width="80%">
                  <tbody>
                   <tr>
                    <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px">
                     <table align="center" border="0" cellpadding="0" cellspacing="0" style="border:none;border-spacing:0;border-collapse:collapse;mso-table-lspace:0;mso-table-rspace:0;mso-margin-top-alt:0px;mso-margin-bottom-alt:0px;mso-padding-alt:0px 0px 0px 0px;margin-left:auto;margin-right:auto" width="100%">
                      <tbody>
                       <tr>
                        <td height="50" style="vertical-align:middle;text-align:center;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
                         <!--[if !mso]><!-->
                         <a style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: 1px solid #000000; display: block; " target="_blank">
                          <!--<![endif]-->
                         </a>
                         <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" class="newButton" height="50" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;padding:10px;mso-padding-alt:10px;margin-left:auto;margin-right:auto" width="100%">
                          <tbody>
                           <tr>
                            <td align="center" bgcolor="#000000" style="text-align:center;vertical-align:middle;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px" valign="middle">
                             <table align="center" bgcolor="#000000" cellpadding="0" cellspacing="0" style="-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;margin-left:auto;margin-right:auto" width="100%">
                              <tbody>
                               <tr>
                                <td align="center" bgcolor="#000000" style="text-align:center;-webkit-border-radius:25px;-moz-border-radius:25px;border-radius:25px;color:#00D5FF;font-family:Arial,Helvetica,sans-serif;font-size:16px">
                                 <!--[if !mso]><!-->
                                 <span style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border:
none; display: block; ">
                                  Apply Now
                                 </span>
                                 <!--<![endif]-->
                                 <!--[if mso]><a href="https://www.ne16.com/t/11016848/222404108/10095700/2/1009235/?f5d63f87=REIlMjAwNy0yNw&x=d78b7cd2" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none; display: block; ">Apply 
Now</a><![endif]-->
                                </td>
                               </tr>
                              </tbody>
                             </table>
                            </td>
                           </tr>
                          </tbody>
                         </table>
                         <!--[if !mso]><!-->
                         <!--<![endif]-->
                        </td>
                       </tr>
                      </tbody>
                     </table>
                    </td>
                   </tr>
                  </tbody>
                 </table>
                </td>
               </tr>
               <tr style="background-color:#F9F8F6">
                <td class="td100" colspan="6" height="24" style="background-color:#F9F8F6;width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
                 <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:32px;font-weight:bold;color:#121721">
              <span style="font-family:Arial">
               More from Quartz
              </span>
             </h1>
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;font-family:Arial,Helvetica,sans-serif;vertical-align:top;font-size:16px;color:#121721" width="580">
             <ul>
              <li>
               <span class="ql-ui">
               </span>
               <span style="line-height: 1.4">
                ​
               </span>
               <a data-linktext="Claude Opus 5 costs half of Fable" data-linktype="Normal" style="color:#121721;line-height:1.4" target="_blank">
                Claude Opus 5 costs half of Fable
               </a>
              </li>
              <li>
               <span class="ql-ui">
               </span>
               <span style="line-height: 1.4">
                ​
               </span>
               <a data-linktext="AI fortunes are flooding art auctions" data-linktype="Normal" style="color:#121721;line-height:1.4" target="_blank">
                AI fortunes are flooding art auctions
               </a>
              </li>
              <li>
               <span class="ql-ui">
               </span>
               <span style="line-height: 1.4">
                ​
               </span>
               <a data-linktext="An FDA panel goes against its scientists" data-linktype="Normal" style="color:#121721;line-height:1.4" target="_blank">
                An FDA panel goes against its scientists
               </a>
              </li>
              <li>
               <span class="ql-ui">
               </span>
               <span style="line-height: 1.4">
                ​
               </span>
               <a data-linktext="Intel posts its fastest growth in years" data-linktype="Normal" style="color:#121721;line-height:1.4" target="_blank">
                Intel posts its fastest growth in years
               </a>
              </li>
              <li>
               <span class="ql-ui">
               </span>
               <span style="line-height: 1.4">
                ​
               </span>
               <a data-linktext="Oracle lands a big Pentagon contract" data-linktype="Normal" style="color:#121721;line-height:1.4" target="_blank">
                Oracle lands a big Pentagon contract
               </a>
               <span style="line-height: 1.4">
                
               </span>
              </li>
             </ul>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" height="24" style="width:600px;height:24px;font-size:1px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;color:#121721" width="600">
             <!--[if mso]><img src="//editor.ne16.com/spacer.gif" style="mso-hide:all;border:0;"><![endif]-->
            </td>
           </tr>
           <tr class="trpad10">
            <td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="580">
             <div>
              <span>
               Our best wishes on a safe start to the day. Send any news, comments, and 
more to
              </span>
              <a data-linktext="talk@qz.com" data-linktype="Email" style="color:#17253D" target="_blank">
               talk@qz.com
              </a>
              <span>
               .
              </span>
             </div>
            </td>
           </tr>
           <tr>
            <td class="td100" colspan="6" style="width:600px;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721" width="600">
             <table align="center" style="width:100%;border-collapse:collapse;margin-left:auto;margin-right:auto">
              <tbody style="padding:0;margin:0;touch-action:auto">
               <tr style="margin:0">
                <td align="center" style="padding:0;margin:0;vertical-align:top;font-family:Arial,Helvetica,sans-serif;font-size:16px;color:#121721">
                 <a id="pad-desktop" style="display:block;color:#121721">
                  <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn1.pvd.to%252Fs%252Fek7luf%253Femail%253D947418d3%2540uifeed.com%2526campaign_id%253D11016848%2526device%253Ddesktop%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4xLnB2ZCIsInRpbWUiOjE3ODUxNDczMDkuMTM4MDYyfQ:1woIMX:HnoREKdqMw8C4dFRBLHmH87EOZLFx1qd9RKgcDI-y04" style="width:100%;max-width:650px;border:0" width="650"/>
                 </a>
                 <a id="pad-mobile" style="display:none;color:#121721">
                  <img src="https://inboxflows.com/_/image/https%253A%252F%252Fpa-cdn2.pvd.to%252Fs%252Fek7luf%253Femail%253D947418d3%2540uifeed.com%2526campaign_id%253D11016848%2526device%253Dmobile%2526v%253D0.14%2526color_scheme%253Dlight/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZwYS1jZG4yLnB2ZCIsInRpbWUiOjE3ODUxNDczMDkuMTM4MTY3OX0:1woIMX:vb4G8VxPIh5ymlAWyEZHTnDA4K5OxHo_XRsX4qPjO1s" style="width:100%;max-width:400px;border:0" width="400"/>
                 </a>
                </td>
               </tr>
              </tbody>
             </table>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </table>
     </td>
    </tr>
   </tbody>
  </table>
  <table cellpadding="0" cellspacing="0" width="100%">
   <tbody>
    <tr>
     <td align="center">
      <table align="center" border="0" bordercolor="#FFFFFF" cellpadding="0" cellspacing="0" class="footerTable100" style="max-width:600px;width:100%;border:0;margin-left:auto;margin-right:auto">
       <tr>
        <td style="font-family:Arial;font-size:12px;color:#000000">
         <table align="center" class="footerTable100 dragndrop" style="max-width:600px;width:100%;border:0;table-layout:fixed;margin-left:auto;margin-right:auto" width="100%">
          <tbody>
           <tr>
            <td align="center" style="text-align:center;font-size:xx-small;font-family:Arial;color:#000000;vertical-align:top">
             <br/>
             <span style="display:inline-block;padding-bottom:10px;font-size:xx-small;color:#336699">
              <a>
               Forward to a Friend
              </a>
             </span>
             |
             <span style="display:inline-block;padding-bottom:10px;font-size:xx-small;color:#336699">
              <a>
               Unsubscribe
              </a>
             </span>
             |
             <span style="display:inline-block;padding-bottom:10px;font-size:xx-small;color:#336699">
              <a>
               Privacy Policy
              </a>
             </span>
             <br/>
             This email was sent to:
             <strong>
              <span style="font-size:xx-small;color:#336699">
               <a target="_blank">
                947418d3@uifeed.com
               </a>
              </span>
             </strong>
             <br/>
             <br/>
             This email was sent by:
             <strong>
              Quartz Media Network (US), Inc.
             </strong>
             <br/>
             848 N. Rainbow Blvd. 3017
             <br/>
             Las Vegas, NV 89107
             <br/>
             United States
             <br/>
             <br/>
             <br/>
             <a aria-label="footer-logo">
              <img alt="" border="0" src="https://inboxflows.com/_/image/http%253A%252F%252Feditor.ne16.com%252FShared%252FPoweredByDelivra_3x.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cCUzQSUyRiUyRmVkaXRvci5uZTE2LiIsInRpbWUiOjE3ODUxNDczMDkuMTM4MjgxNn0:1woIMX:ofz4uBK7QAfmWJ1mMq5Bo-yMG4DaUYosH-ojf-EOYJ8" style="width:100px;border:0" width="100"/>
             </a>
             <br/>
             <br/>
            </td>
           </tr>
          </tbody>
         </table>
        </td>
       </tr>
      </table>
     </td>
    </tr>
   </tbody>
  </table>
 </body>
</html>