Return-Path: <sterlingwhg+caf_=info=sterlingcal.com@gmail.com>
Delivered-To: info@sterlingcal.com
Received: from reseller401.webserversystems.com
	by reseller401.webserversystems.com with LMTP
	id gGjsFqOhGGiaWwQAchKAPA
	(envelope-from <sterlingwhg+caf_=info=sterlingcal.com@gmail.com>)
	for <info@sterlingcal.com>; Mon, 05 May 2025 06:31:47 -0500
Return-path: <sterlingwhg+caf_=info=sterlingcal.com@gmail.com>
Envelope-to: info@sterlingcal.com
Delivery-date: Mon, 05 May 2025 06:31:47 -0500
Received: from mail-yw1-f172.google.com ([209.85.128.172]:47552)
	by reseller401.webserversystems.com with esmtps  (TLS1.2) tls TLS_ECDHE_RSA_WITH_AES_128_GCM_SHA256
	(Exim 4.98.1)
	(envelope-from <sterlingwhg+caf_=info=sterlingcal.com@gmail.com>)
	id 1uBu30-00000001CJU-2Omn
	for info@sterlingcal.com;
	Mon, 05 May 2025 06:31:47 -0500
Received: by mail-yw1-f172.google.com with SMTP id 00721157ae682-708d90aa8f9so20743137b3.3
        for <info@sterlingcal.com>; Mon, 05 May 2025 04:31:41 -0700 (PDT)
ARC-Seal: i=2; a=rsa-sha256; t=1746444695; cv=pass;
        d=google.com; s=arc-20240605;
        b=Ir2HqifhCeCuoJIgakQx7Twep0ZxmiUpnr83B19n/f5WO74Y2rt0jPrlwOLN4QO6uf
         Wxetra93f5x/vZMk5RkxTaAJ2LoH4dKtIcnaBQCFX8ooXpRLp+4hrT/V3rt0HRkXjggw
         jTPUKOwy4G47bcRb5TkechKS2ISO0tseYcdVvzby6Ao2QlbWI6Wpod/JlBFomCIXmjFn
         OTdIJmJCdjRjdli7FQIbqGlWZmpByubdqjVpfier0yT1yJ1LbxDFlQNiQXgAoIjV8SgW
         5tmIBaRP1ViSc/qiqmNXoE8w98vhBMkeWk364HjmnFgwq8x4WDJ3/HJHcVdZuwdm2vIF
         /ZFw==
ARC-Message-Signature: i=2; a=rsa-sha256; c=relaxed/relaxed; d=google.com; s=arc-20240605;
        h=list-unsubscribe:list-unsubscribe-post:precedence:mime-version
         :subject:message-id:to:reply-to:from:date:dkim-signature
         :dkim-signature:delivered-to;
        bh=itamajQMJ6v0SfHaQ9l6Xty6Fw6TS5BepnyBD9Jxp28=;
        fh=eqHkdlRBb6ipAW8qucvdGqUcbPX9g7n//pTp8nXL0Ko=;
        b=RXRH5RkrGyGgVbHyoq1TgvMyukWdrPLeg1u1H6uSQRtwSoMvSMmkF3v8FhHcL1A+9n
         tRqADdbo5bDiuNBW35F+yNo7FQBREQ5vtHm5qI6gDa3uuP2j22JQnA9EGF11CCUomqiH
         8Z9J1xnaBAh8ljR9V2kt4imbeT0+HcAy3lhcM7vrzz2S7DY5zpmQqCzyyopTToqWx2ig
         bsdxVjINLshlXA22YuWMbk4XRj78x4f/DLtQCfK1jbmicm5qanVtTGFumMaoW7dNuAnj
         OjBvHA/X2pDCeRz75r3qnGlCto3WjjK4tp4lMQSMtdcySMvKEuHMT4Oytr2idllwk8if
         /Bvg==;
        darn=sterlingcal.com
ARC-Authentication-Results: i=2; mx.google.com;
       dkim=pass header.i=@snacks.robinhood.com header.s=sailthru header.b=d3XJvlV2;
       dkim=pass header.i=@pmta.sailthru.com header.s=mt header.b=DIuI4rWa;
       spf=pass (google.com: domain of delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com designates 192.64.236.37 as permitted sender) smtp.mailfrom=delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com;
       dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com
X-Google-DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed;
        d=1e100.net; s=20230601; t=1746444695; x=1747049495;
        h=list-unsubscribe:list-unsubscribe-post:precedence:mime-version
         :subject:message-id:to:reply-to:from:date:dkim-signature
         :dkim-signature:delivered-to:x-forwarded-for:x-forwarded-to
         :x-gm-message-state:from:to:cc:subject:date:message-id:reply-to;
        bh=itamajQMJ6v0SfHaQ9l6Xty6Fw6TS5BepnyBD9Jxp28=;
        b=igA3pI41l7bXjexx9us2T/aypakQnwnsF7rNxL3HKPQSEnhYgFljRsdHnRfIPPb0La
         3Ut42XvRVJY+ShYg3E6jQPdWvzQqUwcB54QtpA1+Vul1D3VbnXDEth1FT9OjLX2cBZdw
         RXit47x49NqUCoatc9autNW6KptgMCriVB3IvSFy8UvFgnlTKjcr87hpx4hUmeIXjwKb
         HIy7uIC4dabw1H4p2Z+CtplpVpf/5l3+4TxrhLLY7nnclUw8T6uG/riAYhgX30JfKnNG
         hWf8U8x5cpuFxA0YrCbxLdzua9VqlxYMX3vPmV0yIxY6JXyrgxMaW0yI3W3I8IxtMOaL
         tCsQ==
X-Forwarded-Encrypted: i=2; AJvYcCV5Xgr9/jZPZX31LaViCqXIGhed4aTkdsoaFmnTio9N4Y8P7RYp2nNRqj9ZeYg7FDSOLC2K@sterlingcal.com
X-Gm-Message-State: AOJu0YwJwm7qkrbUoNhNZgFzL0pIOYPQTBf92FmBiSEGMA22VtcODtT3
	xdO0aN5zNrgd9d2gNBPoE3Qffv99Y6LoNSdPBsQj/K011cn36BChIcRUqKWBmIIRYhwg3bYf8ZH
	tNWMoO0rWTmC9jmOmOgGTyBJrk8UBQSirZa//eRcmWODM60C4YyxIS3lRYg==
X-Received: by 2002:a05:690c:a87:b0:703:b8f4:5acc with SMTP id 00721157ae682-708e11ce6b6mr108946077b3.19.1746444695337;
        Mon, 05 May 2025 04:31:35 -0700 (PDT)
X-Forwarded-To: info@sterlingcal.com
X-Forwarded-For: sterlingwhg@gmail.com info@sterlingcal.com
Delivered-To: sterlingwhg@gmail.com
Received: by 2002:a05:7108:5a0e:b0:410:2b1:8e20 with SMTP id hd14csp2450457gdb;
        Mon, 5 May 2025 04:31:33 -0700 (PDT)
X-Google-Smtp-Source: AGHT+IEXVR8BMiKLvCJ5MRnz/04NmFCBS7B8v0DSsQRZ+bAOQenBsnZctQ24wni7WE9lglTPHPLL
X-Received: by 2002:a05:6102:334a:b0:4c5:4591:ffda with SMTP id ada2fe7eead31-4db0c3feecdmr3540745137.21.1746444692867;
        Mon, 05 May 2025 04:31:32 -0700 (PDT)
ARC-Seal: i=1; a=rsa-sha256; t=1746444692; cv=none;
        d=google.com; s=arc-20240605;
        b=k8aVwnFaIi7h5oIg8mTKTgpWfq8f2XzidFPGlLXDZXb2DPAIThhWFwY2L/CJmUvk1O
         UFgaIv3Er/N2Salv8LuJLdMNPZC+XvauBTx5yhPjXNUHeuwoH7X9KTPIt80qgR002Y33
         mE5FeMM3rCSkn1Q1mVaozCIfUQqBntw1QcZGX1GJXsIHRSgW4YAC4nJ3FkR4ne25HyS7
         638cQBtdGV+cFCW1+XfOGsFD5/I7pPMnjF/2FsPaWUjsl63jt1kjrs2SkBp96nwmqyey
         7iCIpG1dqK6RGTWwo4WNXl/yF4PTDq5Xy0JgsNJHjVtJftwXt7k/NTOg9mvQlveHd0Lb
         Sgog==
ARC-Message-Signature: i=1; a=rsa-sha256; c=relaxed/relaxed; d=google.com; s=arc-20240605;
        h=list-unsubscribe:list-unsubscribe-post:precedence:mime-version
         :subject:message-id:to:reply-to:from:date:dkim-signature
         :dkim-signature;
        bh=itamajQMJ6v0SfHaQ9l6Xty6Fw6TS5BepnyBD9Jxp28=;
        fh=8UYCoDTSPITTsMXAEjF6f0Ce+R5+Pgj4Ub+HJhE1UC4=;
        b=A/ZhM74+c5yR7+kHofd8QLBuMBUHU9xjzuYQ+kaR82B/aBwnvYFZqghQzmTEo0+Na9
         grKuJXkGgcOtoBaKtUlTYb/SjavFINkIVki8MNiAI10R2pw9sXYHmolhUD54WdkFcn7J
         AzkPyG5ssaAY+SSYIfaijP5r+BMCUZN+GE5NwZ/4aH51Qd/rgfUuqgq1wdKaEsiCGIcQ
         +iC5xxssPhHpK4HeeSwwnXwzkeAVlKlghMfViyWAUe7alzFJJMY+e+f8pgqi8buwsxj3
         7spE03pxodkqrwracbF7kutM6cWsa3Y395xQKWRtThWV3BJ9jiC6pxLdp9p0svFj0QDm
         om+g==;
        dara=google.com
ARC-Authentication-Results: i=1; mx.google.com;
       dkim=pass header.i=@snacks.robinhood.com header.s=sailthru header.b=d3XJvlV2;
       dkim=pass header.i=@pmta.sailthru.com header.s=mt header.b=DIuI4rWa;
       spf=pass (google.com: domain of delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com designates 192.64.236.37 as permitted sender) smtp.mailfrom=delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com;
       dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com
Received: from mta236-37.sailthru.com (mta236-37.sailthru.com. [192.64.236.37])
        by mx.google.com with ESMTPS id ada2fe7eead31-4daf22e77bdsi1796966137.39.2025.05.05.04.31.32
        for <sterlingwhg@gmail.com>
        (version=TLS1_3 cipher=TLS_AES_256_GCM_SHA384 bits=256/256);
        Mon, 05 May 2025 04:31:32 -0700 (PDT)
Received-SPF: pass (google.com: domain of delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com designates 192.64.236.37 as permitted sender) client-ip=192.64.236.37;
Authentication-Results: mx.google.com;
       dkim=pass header.i=@snacks.robinhood.com header.s=sailthru header.b=d3XJvlV2;
       dkim=pass header.i=@pmta.sailthru.com header.s=mt header.b=DIuI4rWa;
       spf=pass (google.com: domain of delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com designates 192.64.236.37 as permitted sender) smtp.mailfrom=delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com;
       dmarc=pass (p=QUARANTINE sp=QUARANTINE dis=NONE) header.from=robinhood.com
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; s=sailthru; d=snacks.robinhood.com;
 h=Date:From:Reply-To:To:Message-ID:Subject:MIME-Version:Content-Type:
 List-Unsubscribe-Post:List-Unsubscribe; i=hello@snacks.robinhood.com;
 bh=itamajQMJ6v0SfHaQ9l6Xty6Fw6TS5BepnyBD9Jxp28=;
 b=d3XJvlV2r6/sImxk1aZntCOpKp5qgf2vV6jHsXn9M1IUvhuaw2rP60WKcFWVFUUWc5VyzabVwFlD
   9eC/cAa3Wh/L13bAc5kIwyNgwxElBcjcJtIWK4GDrk5qJWeDCT9QIRIweFUx2YUyiQesVIWZHFIL
   arrrDNubNbVOp5VAw5sIUMiMjr6ZrULxtsnh4LTyoYfKSo+ko6snSz21QZKz4praJSAgGantXrQj
   /Uz3Q3J1HmvKikdafXD16cTj9wFPMVEYsvwmz0N44njNBlywndT8OenI0zVTwvIewIViAOG3x9Tr
   XaLpVvyX72EnA60Zxof35iueCYOVPF3YCLRXAg==
DKIM-Signature: v=1; a=rsa-sha256; c=relaxed/relaxed; s=mt; d=pmta.sailthru.com;
 h=Date:From:Reply-To:To:Message-ID:Subject:MIME-Version:Content-Type:
 List-Unsubscribe-Post:List-Unsubscribe;
 bh=itamajQMJ6v0SfHaQ9l6Xty6Fw6TS5BepnyBD9Jxp28=;
 b=DIuI4rWarIQouxvp3Z5ZA0IRWbFbq9k6bzmQMGtMcoA3m5LeuhPCpV8rN4ktIB3/njH38fmqrG9h
   5BaHQ6JI7iN9kw0oyRbXZXLR0UMDlsov09RQctDiLB6819AbWqHKsD32EYg2dcLpu6OAW7AjuoMn
   4xmgI5+kBUXQ+q3Ry1U=
Received: from aws1-mta-relay8.sailthru.cloud (10.55.75.62) by nj10mta-226.sailthru.com id h32gp83791s1 for <sterlingwhg@gmail.com>; Mon, 5 May 2025 06:30:27 -0500 (envelope-from <delivery_20250505072907.39697937.15070987@bounce.snacks.robinhood.com>)
Date: Mon, 5 May 2025 07:29:07 -0400 (EDT)
From: Snacks <hello@snacks.robinhood.com>
Reply-To: hello@snacks.robinhood.com
To: sterlingwhg@gmail.com
Message-ID: <20250505072907.39697937.15070987@sailthru.com>
Subject: High fashion hits low point
MIME-Version: 1.0
Content-Type: multipart/alternative; 
	boundary="----=_Part_40226185_1038804033.1746444547734"
Precedence: bulk
x-job: 9968-39697937-20250505
X-Feedback-ID: 9968:39697937:campaign:sailthru
X-TM-ID: 20250505072907.39697937.15070987
X-Info: Message sent by sailthru.com customer Sherwood Media
X-Info: We do not permit unsolicited commercial email
X-Info: Please report abuse by forwarding complete headers to
X-Info: abuse@sailthru.com
X-Mailer: sailthru.com
X-JMailer: aws-campaign-mailer-16.sailthru.cloud
List-Unsubscribe-Post: List-Unsubscribe=One-Click
X-Unsubscribe-Web: https://link.sherwood.news/oc/65c52188998ecb18d1132b8fnmv4h.8z0uj/c660149c
List-Unsubscribe: <https://link.sherwood.news/oc/65c52188998ecb18d1132b8fnmv4h.8z0uj/c660149c>,<mailto:unsubscribe_20250505072907.39697937.15070987@mx.sailthru.com>
X-rpcampaign: stotk39697937
X-Spam-Status: No, score=-2.2
X-Spam-Score: -21
X-Spam-Bar: --
X-Spam-Flag: NO

------=_Part_40226185_1038804033.1746444547734
Content-Type: text/html; charset=utf-8
Content-Transfer-Encoding: quoted-printable

<!DOCTYPE html><html xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:o=3D"u=
rn:schemas-microsoft-com:office:office" lang=3D"en"><head><title></title><m=
eta http-equiv=3D"Content-Type" content=3D"text/html; charset=3Dutf-8"><met=
a name=3D"viewport" content=3D"width=3Ddevice-width,initial-scale=3D1"><!--=
[if mso]>
<xml><w:WordDocument xmlns:w=3D"urn:schemas-microsoft-com:office:word"><w:D=
ontUseAdvancedTypographyReadingMail/></w:WordDocument>
<o:OfficeDocumentSettings><o:PixelsPerInch>96</o:PixelsPerInch><o:AllowPNG/=
></o:OfficeDocumentSettings></xml>
<![endif]--><!--[if !mso]><!--><!--<![endif]--><style>
*{box-sizing:border-box}body{margin:0;padding:0}a[x-apple-data-detectors]{c=
olor:inherit!important;text-decoration:inherit!important}#MessageViewBody a=
{color:inherit;text-decoration:none}p{line-height:inherit}.desktop_hide,.de=
sktop_hide table{mso-hide:all;display:none;max-height:0;overflow:hidden}.im=
age_block img+div{display:none}sub,sup{font-size:75%;line-height:0}#convert=
ed-body .list_block ol,#converted-body .list_block ul,.body [class~=3Dx_lis=
t_block] ol,.body [class~=3Dx_list_block] ul,u+.body .list_block ol,u+.body=
 .list_block ul{padding-left:20px}.menu_block.desktop_hide .menu-links span=
{mso-hide:all} @media (max-width:620px){.social_block.desktop_hide .social-=
table{display:inline-block!important}.image_block div.fullWidth{max-width:1=
00%!important}.mobile_hide{display:none}.row-content{width:100%!important}.=
stack .column{width:100%;display:block}.mobile_hide{min-height:0;max-height=
:0;max-width:0;overflow:hidden;font-size:0}.desktop_hide,.desktop_hide tabl=
e{display:table!important;max-height:none!important}.row-2 .column-1 .block=
-2.heading_block td.pad{padding:5px 5px 0 0!important}.row-14 .column-1 .bl=
ock-2.heading_block td.pad,.row-18 .column-1 .block-2.heading_block td.pad,=
.row-5 .column-1 .block-1.heading_block td.pad{padding:0 0 10px!important}.=
row-5 .column-1 .block-1.heading_block h1{font-size:30px!important}.row-10 =
.column-1 .block-2.paragraph_block td.pad>div,.row-11 .column-1 .block-4.pa=
ragraph_block td.pad>div,.row-12 .column-1 .block-3.paragraph_block td.pad>=
div,.row-13 .column-1 .block-3.paragraph_block td.pad>div,.row-13 .column-1=
 .block-5.paragraph_block td.pad>div,.row-20 .column-1 .block-2.paragraph_b=
lock td.pad>div,.row-5 .column-1 .block-2.paragraph_block td.pad>div,.row-6=
 .column-1 .block-3.paragraph_block td.pad>div,.row-7 .column-1 .block-2.pa=
ragraph_block td.pad>div,.row-8 .column-1 .block-5.paragraph_block td.pad>d=
iv,.row-8 .column-1 .block-6.paragraph_block td.pad>div,.row-8 .column-1 .b=
lock-7.paragraph_block td.pad>div,.row-9 .column-1 .block-4.paragraph_block=
 td.pad>div{font-size:16px!important}.row-11 .column-1 .block-1.divider_blo=
ck td.pad,.row-11 .column-1 .block-5.divider_block td.pad,.row-13 .column-1=
 .block-1.divider_block td.pad,.row-14 .column-1 .block-1.divider_block td.=
pad,.row-16 .column-1 .block-1.divider_block td.pad,.row-18 .column-1 .bloc=
k-1.divider_block td.pad,.row-5 .column-1 .block-4.divider_block td.pad,.ro=
w-7 .column-1 .block-4.divider_block td.pad,.row-9 .column-1 .block-1.divid=
er_block td.pad{padding:24px 0!important}.row-11 .column-1 .block-1.divider=
_block .alignment table,.row-11 .column-1 .block-5.divider_block .alignment=
 table,.row-13 .column-1 .block-1.divider_block .alignment table,.row-14 .c=
olumn-1 .block-1.divider_block .alignment table,.row-16 .column-1 .block-1.=
divider_block .alignment table,.row-18 .column-1 .block-1.divider_block .al=
ignment table,.row-20 .column-1 .block-1.divider_block .alignment table,.ro=
w-20 .column-1 .block-3.divider_block .alignment table,.row-5 .column-1 .bl=
ock-4.divider_block .alignment table,.row-7 .column-1 .block-4.divider_bloc=
k .alignment table,.row-9 .column-1 .block-1.divider_block .alignment table=
{display:inline-table}.row-11 .column-1 .block-3.heading_block td.pad,.row-=
12 .column-1 .block-2.heading_block td.pad,.row-17 .column-1 .block-2.parag=
raph_block td.pad,.row-21 .column-1 .block-3.paragraph_block td.pad,.row-6 =
.column-1 .block-2.heading_block td.pad,.row-8 .column-1 .block-2.heading_b=
lock td.pad,.row-9 .column-1 .block-3.heading_block td.pad{padding:10px 0!i=
mportant}.row-10 .column-1 .block-1.heading_block td.pad,.row-7 .column-1 .=
block-1.heading_block td.pad{padding:25px 0 8px!important}.row-10 .column-1=
 .block-2.paragraph_block td.pad,.row-7 .column-1 .block-2.paragraph_block =
td.pad{padding:0 0 5px!important}.row-5 .column-1 .block-3.list_block td.pa=
d,.row-6 .column-1 .block-4.list_block td.pad,.row-9 .column-1 .block-5.lis=
t_block td.pad{padding:0 5px 5px!important}.row-14 .column-1 .block-3.list_=
block ul,.row-15 .column-1 .block-1.list_block ul,.row-18 .column-1 .block-=
3.list_block ul,.row-5 .column-1 .block-3.list_block ul,.row-6 .column-1 .b=
lock-4.list_block ul,.row-9 .column-1 .block-5.list_block ul{font-size:16px=
!important;line-height:auto!important}.row-12 .column-1 .block-3.paragraph_=
block td.pad,.row-21 .column-1 .block-4.menu_block td.pad,.row-8 .column-1 =
.block-5.paragraph_block td.pad,.row-8 .column-1 .block-7.paragraph_block t=
d.pad{padding:0!important}.row-8 .column-1 .block-6.paragraph_block td.pad{=
padding:5px 0 5px 30px!important}.row-15 .column-1 .block-1.list_block td.p=
ad{padding:10px 20px 10px 0!important}.row-14 .column-1 .block-3.list_block=
 td.pad,.row-18 .column-1 .block-3.list_block td.pad{padding:0 5px!importan=
t}.row-20 .column-1 .block-1.divider_block td.pad,.row-20 .column-1 .block-=
3.divider_block td.pad{padding:29px 0 12px!important}.row-21 .column-1 .blo=
ck-5.menu_block td.pad{padding:0 0 40px!important}.row-21 .column-1 .block-=
4.menu_block .alignment{text-align:center!important}.row-1 .column-1{paddin=
g:18px 20px 5px!important}.row-10 .column-1,.row-11 .column-1,.row-12 .colu=
mn-1,.row-13 .column-1,.row-14 .column-1,.row-18 .column-1,.row-19 .column-=
1,.row-2 .column-1,.row-20 .column-1,.row-6 .column-1,.row-7 .column-1,.row=
-8 .column-1,.row-9 .column-1{padding:0 20px!important}.row-5 .column-1{pad=
ding:34px 20px 0!important}.row-16 .column-1{padding:5px 20px!important}.ro=
w-17 .column-1{padding:15px 20px!important}.row-21 .column-1{padding:0 20px=
 18px!important}}
</style><!--[if mso ]><style>sup, sub { font-size: 100% !important; } sup {=
 mso-text-raise:10% } sub { mso-text-raise:-10% }</style> <![endif]--></hea=
d><body class=3D"body" style=3D"margin:0;padding:0;-webkit-text-size-adjust=
:none;text-size-adjust:none;background-color:#fff"><div class=3D"sailthru-e=
mco-preheader" style=3D"display: none; max-height: 0px; overflow: hidden;">=
In today=E2=80=99s special Business of Fashion edition: retailers are deep =
in their tariff era. From shrinking margins to luxury slowdowns, we=E2=80=
=99re breaking down how some of the biggest names in the game are feeling t=
he squeeze.</div><div style=3D"display:none"><a href=3D""><img src=3D"https=
://link.sherwood.news/img/65c52188998ecb18d1132b8fnmv4h.8z0uj/b3e05bfe.gif"=
 alt=3D"" border=3D"0" /></a></div><table class=3D"nl-container" width=3D"1=
00%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation"=
 style=3D"mso-table-lspace:0;mso-table-rspace:0;background-color:#fff"><tbo=
dy><tr><td><table class=3D"row row-1" align=3D"center"=20
width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pre=
sentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><=
table class=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 au=
to" width=3D"600"><tbody><tr><td class=3D"column column-1" width=3D"100%"=
=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-bottom:5px;padding-left:25px;padding-right:25px;padding-top:5px=
;vertical-align:top"><table class=3D"image_block block-1" width=3D"100%" bo=
rder=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=
=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"p=
adding-bottom:35px;padding-top:20px;width:100%;padding-right:0;padding-left=
:0"><div class=3D"alignment" align=3D"center"><div style=3D"max-width:220px=
">
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1w=
YWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU=
5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB0a53cc4e" target=3D"_blank" style=3D"=
outline:none" tabindex=3D"-1"><img src=3D"https://media.sailthru.com/compos=
er/images/sailthru-prod-7ow/Snacks%20logo%20%281%29.png" style=3D"display:b=
lock;height:auto;border:0;width:100%" width=3D"220" alt title height=3D"aut=
o"></a></div></div></td></tr></table></td></tr></tbody></table></td></tr></=
tbody></table><table class=3D"row row-2" align=3D"center" width=3D"100%" bo=
rder=3D"0" cellpadding=3D"0" cellspacing=3D"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbod=
y><tr><td><table class=3D"row-content stack" align=3D"center" border=3D"0" =
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tabl=
e-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:1px;color=
:#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"colu=
mn column-1" width=3D"100%"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-left:25px;padding-right:25px;vertical-align:top"><table class=
=3D"image_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-r=
space:0"><tr><td class=3D"pad" style=3D"width:100%;padding-right:0;padding-=
left:0"><div class=3D"alignment" align=3D"center"><div class=3D"fullWidth" =
style=3D"max-width:495px">
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzL3NuYWNrcy9sdXh1cnlzLWdsb3ctZGltcy1wdXNoaW5nLWRlc2lnbmVycy10=
by1yZWZyZXNoLW9yLWdldC1sZWZ0LWJlaGluZC8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl=
1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYT=
g1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8fB32a0f931" targe=
t=3D"_blank" style=3D"outline:none" tabindex=3D"-1"><img src=3D"https://med=
ia.sailthru.com/composer/images/bazh/6su869qw/rz3/ba4/z3k/GettyImages-14869=
29106.jpg" style=3D"display:block;height:auto;border:0;width:100%" width=3D=
"495" alt title height=3D"auto"></a></div></div></td></tr></table><table cl=
ass=3D"heading_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0"=
 cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=
=3D"padding-right:30px;padding-top:5px;text-align:center;width:100%"><h1 st=
yle=3D"margin:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',He=
lvetica,Arial,sans-serif;font-size:10px;font-weight:400;letter-spacing:norm=
al;line-height:1.2;text-align:right;margin-top:0;margin-bottom:0;mso-line-h=
eight-alt:12px">(Noam Galai/Getty Images)</h1></td></tr></table><table clas=
s=3D"divider_block block-3" width=3D"100%" border=3D"0"=20
cellpadding=3D"10" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"><div class=3D"alignme=
nt" align=3D"center"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0=
" role=3D"presentation" width=3D"100%" style=3D"mso-table-lspace:0;mso-tabl=
e-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-size:1px;line-hei=
ght:1px;border-top:1px solid #5869ff"><span style=3D"word-break: break-word=
;">&#8202;</span></td></tr></table></div></td></tr></table></td></tr></tbod=
y>
</table></td></tr></tbody></table><table class=3D"row row-3" align=3D"cente=
r" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"=
presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><t=
d><table class=3D"row-content" align=3D"center" border=3D"0" cellpadding=3D=
"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso=
-table-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600p=
x;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1"=20
width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:4=
00;text-align:left;padding-top:5px;vertical-align:top"><table class=3D"para=
graph_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspac=
ing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspac=
e:0;word-break:break-word"><tr><td class=3D"pad" style=3D"padding-bottom:5p=
x;padding-left:10px;padding-right:10px;padding-top:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:13px;font-weight:400;letter-spacing:0;line-heig=
ht:1.2;text-align:center;mso-line-height-alt:16px"><p style=3D"margin:0">Pr=
esented by</p></div></td></tr></table></td></tr></tbody></table></td></tr><=
/tbody></table><table class=3D"row row-4" align=3D"center" width=3D"100%" b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=
=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table=20
class=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0"=
 cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;m=
argin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1" width=
=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;te=
xt-align:left;padding-bottom:5px;vertical-align:top"><table class=3D"image_=
block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D=
"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><=
td class=3D"pad" style=3D"padding-top:5px;width:100%;padding-right:0;paddin=
g-left:0"><div class=3D"alignment" align=3D"center"><div style=3D"max-width=
:120px"><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0c=
HM6Ly9pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYt=
MDUwNTI1JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT1=
0YWtlb3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c=
52188998ecb18d1132b8fBcc1054ad" target=3D"_blank" style=3D"outline:none" ta=
bindex=3D"-1"><img src=3D"https://media.sailthru.com/composer/images/bazh/6=
su869qw/pqf/6es/v9t/startengine-logo.png" style=3D"display:block;height:aut=
o;border:0;width:100%" width=3D"120"=20
alt title height=3D"auto"></a></div></div></td></tr></table></td></tr></tbo=
dy></table></td></tr></tbody></table><table class=3D"row row-5" align=3D"ce=
nter" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><t=
r><td><table class=3D"row-content stack" align=3D"center" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:=
#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"colum=
n column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;f=
ont-weight:400;text-align:left;padding-left:25px;padding-right:25px;padding=
-top:32px;vertical-align:top"><table class=3D"heading_block block-1" width=
=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presenta=
tion" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"=
=20
style=3D"padding-bottom:5px;text-align:center;width:100%"><h1 style=3D"marg=
in:0;color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Ari=
al,sans-serif;font-size:30px;font-weight:700;letter-spacing:-2.5px;line-hei=
ght:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-height-alt:36=
px"><span class=3D"tinyMce-placeholder" style=3D"word-break: break-word;">H=
ey Snackers,</span></h1></td></tr></table><table class=3D"paragraph_block b=
lock-2" width=3D"100%" border=3D"0" cellpadding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"padding-b=
ottom:10px"><div style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetic=
a Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-sp=
acing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px"><p style=
=3D"margin:0;margin-bottom:20px">
Happy <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM=
6Ly9hcG5ld3MuY29tL2FydGljbGUvYmxhY2stZGFuZHlpc20tbWV0LWdhbGEtamFuZWxsZS1tb2=
5hZS1lYTQ0YWUwNThhZWU1MjIyMzZjZGIxZGRjNGMzNDlhYT91dG1fc291cmNlPXNuYWNrcyZ1d=
G1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9=
YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB5a34b0=
8b" style=3D"text-decoration: underline; color: #5869ff;"><strong>Met Gala =
Day</strong></a>! Did you know it can cost <a href=3D"https://link.sherwood=
.news/click/39697937.15070987/aHR0cHM6Ly93d3cudGhlY3V0LmNvbS9hcnRpY2xlL21ld=
C1nYWxhLWJlYXV0eS1wcmVwLXdoYXQtcHJvY2VkdXJlcy1wZW9wbGUtYXJlLWRvaW5nLmh0bWw_=
dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzI=
wMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52=
188998ecb18d1132b8fBd09ac9d9" style=3D"text-decoration: underline; color: #=
5869ff;"><strong>six figures</strong></a> for VIPs to attend the high-profi=
le event? Think: custom couture, glam teams, and a little propranolol to ke=
ep from sweating on the carpet. (Not to mention <a href=3D"https://link.she=
rwood.news/click/39697937.15070987/aHR0cHM6Ly93d3cuYnVzaW5lc3NpbnNpZGVyLmNv=
bS9tZXQtZ2FsYS10aWNrZXQtcHJpY2UtY29zdD91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXV=
tPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhOD=
U2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fBfcabb158" style=
=3D"text-decoration: underline; color: #5869ff;"><strong>the cost of the ti=
cket itself</strong></a> =E2=80=94 after all it is a benefit!)
</p><p style=3D"margin:0;margin-bottom:20px">In today=E2=80=99s special Bus=
iness of Fashion edition: retailers are deep in their tariff era. From shri=
nking margins to luxury slowdowns, we=E2=80=99re breaking down how some of =
the biggest names in the game are feeling the squeeze.</p><p style=3D"margi=
n:0;margin-bottom:20px">
Before we dig in, let=E2=80=99s talk about<strong> </strong><a href=3D"http=
s://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdz=
L21hcmtldHMvdXMtc3RvY2tzLWV4dGVuZC13aW5uaW5nLXN0cmVhay10by1uaW5lLWVyYXNlLWF=
sbC1sb3NzZXMtc2luY2UtcmVjaXByb2NhbC8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT=
1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1N=
jAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8fB98c7a5eb" style=3D=
"text-decoration: underline; color: #5869ff;"><strong>last week in the mark=
ets</strong></a><strong>.</strong> Confirmation that <a href=3D"https://lin=
k.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmt=
ldHMvbWFya2V0cy1hcmUtcHJpY2luZy1pbi1hLXVzLWNoaW5hLXRyYWRlLWRldGVudGUvP3V0bV=
9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1M=
DUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c521889=
98ecb18d1132b8fBf82736a9" style=3D"text-decoration: underline; color: #5869=
ff;"><strong>China is open to trade talks</strong></a> with the US along wi=
th <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly=
9zaGVyd29vZC5uZXdzL21hcmtldHMvdXMtc3RvY2tzLWV4dGVuZC1wcmVtYXJrZXQtZ2FpbnMtY=
WZ0ZXItc3VycHJpc2luZ2x5LXNvbGlkLWFwcmlsLWpvYi1ncm93dGgvP3V0bV9zb3VyY2U9c25h=
Y2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29=
udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8=
fB228e25f5" style=3D"text-decoration: underline; color: #5869ff;"><strong>b=
etter-than-expected US job growth</strong></a> in April fueled another day =
of gains for stocks, with the S&P 500 up 1.5%, the Nasdaq 100 gaining 1.6%,=
 and the Russell 2000 booking a 2.3% advance. The S&P 500 has now<strong> <=
/strong><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0c=
HM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMvdXMtc3RvY2tzLWV4dGVuZC13aW5uaW5nLXN0cmVh=
ay10by1uaW5lLWVyYXNlLWFsbC1sb3NzZXMtc2luY2UtcmVjaXByb2NhbC8_dXRtX3NvdXJjZT1=
zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV=
9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d113=
2b8fC98c7a5eb" style=3D"text-decoration: underline; color: #5869ff;"><stron=
g>reclaimed all of its losses</strong></a> since the April 2 reciprocal tar=
iffs announcement.
</p><p style=3D"margin:0">=E2=9D=93 Haute or not? Test your knowledge with =
our <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6L=
y9zaGVyd29vZC5uZXdzL3F1aXovYml0Y29pbi1mYXNoaW9uLWFuZC1ob3Jyb3IvP3V0bV9zb3Vy=
Y2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ=
1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb1=
8d1132b8fB78582745" style=3D"text-decoration: underline; color: #5869ff;"><=
strong>Snacks Seven Quiz</strong></a>. Here=E2=80=99s the first Q:</p></div=
></td></tr></table><table class=3D"list_block block-3" width=3D"100%" borde=
r=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:=
#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-ser=
if;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-ali=
gn:left;mso-line-height-alt:27px"><tr><td class=3D"pad" style=3D"padding-bo=
ttom:15px;padding-left:10px;padding-right:10px;padding-top:10px"><div style=
=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-top:0;margin-bottom:=
0;list-style-type:revert"><li aria-level=3D"1"=20
style=3D"Margin:0 0 8px 0">Which retailer cited a =E2=80=9Clack of seasonal=
 purchasing=E2=80=9D due to =E2=80=9Cmild weather=E2=80=9D for why it lost =
market share in the UK?<br><a href=3D"https://link.sherwood.news/click/3969=
7937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3F1aXovYml0Y29pbi1mYXNoaW9uLWFuZ=
C1ob3Jyb3IvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWdu=
PXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ=
2OTZjNg/65c52188998ecb18d1132b8fC78582745" style=3D"text-decoration: underl=
ine; color: #5869ff;"><strong>Check your answer.</strong></a></li></ul></di=
v></td></tr></table><table class=3D"divider_block block-4" width=3D"100%" b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=
=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td=20
class=3D"pad" style=3D"padding-bottom:25px;padding-top:25px"><div class=3D"=
alignment" align=3D"center"><table border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-lspace:0;m=
so-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-size:1px;l=
ine-height:1px;border-top:1px solid #5869ff"><span style=3D"word-break: bre=
ak-word;">&#8202;</span></td></tr></table></div></td></tr></table></td></tr=
></tbody></table></td></tr></tbody></table><table class=3D"row row-6"=20
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
"><tbody><tr><td><table class=3D"row-content stack" align=3D"center" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width=
:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1=
" width=3D"100%"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-left:25px;padding-right:25px;vertical-align:top"><table class=
=3D"button_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cel=
lspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-=
rspace:0"><tr><td class=3D"pad" style=3D"text-align:left"><div class=3D"ali=
gnment" align=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:20px;width:83px;v-text-anch=
or:middle;" arcsize=3D"27%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;"><strong>DE-LU=
XE</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"heading_block block-2" width=3D"100%" border=3D"0"=
 cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bott=
om:10px;padding-top:10px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:31px"><strong><a href=3D"https://link.sherwood.news/click/396979=
37.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9sdXh1cnlzLWdsb3ctZGltcy1=
wdXNoaW5nLWRlc2lnbmVycy10by1yZWZyZXNoLW9yLWdldC1sZWZ0LWJlaGluZC8_dXRtX3NvdX=
JjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1J=
nV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb1=
8d1132b8fC32a0f931" target=3D"_blank" style=3D"text-decoration: underline; =
color: #5869ff;" rel=3D"noopener">Luxury=E2=80=99s glow dims, pushing desig=
ners to refresh or get left behind</a></strong></h1></td></tr></table>
<table class=3D"paragraph_block block-3" width=3D"100%" border=3D"0" cellpa=
dding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspa=
ce:0;mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=
=3D"padding-bottom:10px"><div style=3D"color:#1d1d1d;direction:ltr;font-fam=
ily:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:=
400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27=
px"><p style=3D"margin:0">
After <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM=
6Ly93d3cubWNraW5zZXkuY29tL2luZHVzdHJpZXMvcmV0YWlsL291ci1pbnNpZ2h0cy9zdGF0ZS=
1vZi1sdXh1cnk_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ=
249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3=
NDY5NmM2/65c52188998ecb18d1132b8fBb349109b" style=3D"text-decoration: under=
line; color: #5869ff;"><strong>nearly tripling</strong></a> its economic pr=
ofit from 2019 to 2024, the global luxury market hit a snag last year, shed=
ding nearly 50 million shoppers. In China, once the industry=E2=80=99s shin=
ing star, luxury sales dropped 18% to 20% as shoppers shifted their focus a=
broad and consumer confidence took a hit. Meanwhile, in the West, many aspi=
rational buyers are keeping a tighter grip on their wallets as savings run =
dry and worries about inflation and tariff-induced price hikes grow. Now, s=
ome of luxury=E2=80=99s biggest players are starting to feel the pinch:
</p></div></td></tr></table><table class=3D"list_block block-4" width=3D"10=
0%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:=
#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-ser=
if;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-ali=
gn:left;mso-line-height-alt:27px"><tr><td class=3D"pad" style=3D"padding-bo=
ttom:15px;padding-left:10px;padding-right:10px;padding-top:10px">
<div style=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-top:0;marg=
in-bottom:0;list-style-type:revert"><li aria-level=3D"1" style=3D"Margin:0 =
0 8px 0">
<strong>LVMH</strong>, owner of over 75 brands including Louis Vuitton, Dio=
r, and Tiffany, posted revenues of <a href=3D"https://link.sherwood.news/cl=
ick/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMvbHZtaC1zdHVtY=
mxlcy1hZnRlci1taXNzaW5nLXNhbGVzLWVzdGltYXRlcy1hcy1nbG9iYWwtbHV4dXJ5LWRlbWFu=
ZC8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2t=
zXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/6=
5c52188998ecb18d1132b8fB2f36ebd4" style=3D"text-decoration: underline; colo=
r: #5869ff;"><strong>$23 billion for the first quarter</strong></a><strong>=
 </strong>of the year, a 2% drop year over year, as demand cooled in the US=
 and Japan for its fashion and leather =E2=80=94 not to mention <a href=3D"=
https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5u=
ZXdzL2J1c2luZXNzL3RydW1wLXRocmVhdGVucy0yMDAtdGFyaWZmLW9uLWZyZW5jaC1jaGFtcGF=
nbmUtdGhlLWxhdGVzdC10dXJuLWluLWEtYm9venkvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZW=
RpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5Z=
GE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB21bc30bd" st=
yle=3D"text-decoration: underline; color: #5869ff;"><strong>the drink that =
makes up the =E2=80=9CM=E2=80=9D in its name</strong></a>.
</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
<strong>Kering</strong> has had an even rougher ride and <a href=3D"https:/=
/link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21=
hcmtldHMva2VyaW5ncy1sdXh1cnktd29lcy1wZXJzaXN0LWFzLWd1Y2Npcy1kZW1hbmQtZG9sZH=
J1bXMtd2VpZ2gtb24tc2FsZXMvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmd=
XRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNk=
ZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB82d5abd5" style=3D"text-dec=
oration: underline; color: #5869ff;"><strong>reported dismal Q1 sales</stro=
ng></a>. Gucci, Kering=E2=80=99s top brand, saw revenue plunge <strong>25%<=
/strong>, with steep drops in the US and Asia as the brand struggled to con=
nect with high-end buyers. In a bid to revive Gucci=E2=80=99s buzz, it tapp=
ed a controversial new artistic director, <a href=3D"https://link.sherwood.=
news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2tlcm=
luZy1zaGFyZXMtc2x1bXAtYWZ0ZXItZnJlbmNoLWx1eHVyeS1naWFudC1oaXJlcy1jb250cm92Z=
XJzaWFsLW5ldy8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFp=
Z249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI=
3NDY5NmM2/65c52188998ecb18d1132b8fBb71fc08c" style=3D"text-decoration: unde=
rline; color: #5869ff;"><strong>which didn=E2=80=99t go great for the stock=
</strong></a>.
</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
<strong>Herm=C3=A8s</strong> stayed in its own stratosphere, <a href=3D"htt=
ps://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXd=
zL2J1c2luZXNzL2hlcm1lcy1wb3N0ZWQtcmVjb3JkLXJldmVudWVzLWRlc3BpdGUtd2FsbWFydH=
MtdmlyYWwtYmlya2luLWR1cGUvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmd=
XRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNk=
ZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB6c3a2cb8" style=3D"text-dec=
oration: underline; color: #5869ff;"><strong>posting record Q4 revenue</str=
ong></a> of <strong>$4.15 billion</strong>. The premium luxury giant now pl=
ans to <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cH=
M6Ly93d3cuY25iYy5jb20vMjAyNS8wNC8xNy9oZXJtcy10by1oaWtlLXVzLXByaWNlcy1mb3Ita=
WNvbmljLWJhZ3MtYW5kLXNjYXJ2ZXMtZHVlLXRvLXRhcmlmZnMuaHRtbD91dG1fc291cmNlPXNu=
YWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2N=
vbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b=
8fB9bd82522" style=3D"text-decoration: underline; color: #5869ff;"><strong>=
hike US prices</strong></a> to fully offset President Trump=E2=80=99s tarif=
fs, as demand for its iconic $15,000 Birkin bags and $1,000 belts continues=
 to outstrip supply, despite<strong> </strong><a href=3D"https://link.sherw=
ood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2N1bHR1cmUvd2=
FsbWFydHMta2FtdWdvLXRoZS1rbm9ja29mZi1iaXJraW4tYmFnLWlnbml0ZXMtd2FsbWVzLWR1c=
GUtZGViYXRlLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWln=
bj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc=
0Njk2YzY/65c52188998ecb18d1132b8fB1f942eca" style=3D"text-decoration: under=
line; color: #5869ff;"><strong>copycats</strong></a> trying to muscle into =
its leather domain.
</li></ul></div></td></tr></table></td></tr></tbody></table></td></tr></tbo=
dy></table><table class=3D"row row-7" align=3D"center" width=3D"100%" borde=
r=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"=
mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class=3D"row-c=
ontent stack" align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
;background-color:#fff;color:#000;width:600px;margin:0 auto" width=3D"600">=
<tbody>
<tr><td class=3D"column column-1" width=3D"100%" style=3D"mso-table-lspace:=
0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padd=
ing-right:25px;vertical-align:top"><table class=3D"heading_block block-1" w=
idth=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pres=
entation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"=
pad" style=3D"padding-bottom:8px;padding-top:24px;text-align:center;width:1=
00%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:28px"><span class=3D"tinyMce-placeholder" style=3D"word-break: b=
reak-word;">THE TAKEAWAY</span></h1></td></tr></table><table class=3D"parag=
raph_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><=
td class=3D"pad" style=3D"padding-bottom:10px"><div style=3D"color:#1d1d1d;=
direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-=
size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;=
mso-line-height-alt:27px"><p style=3D"margin:0">
Luxury is in reboot mode. With shoppers more selective as tariffs loom, leg=
acy houses are betting on creative overhauls to keep their brands rare and =
relevant. The pressure is on: <a href=3D"https://link.sherwood.news/click/3=
9697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2dhcC1zdG9jay1zb2=
FyaW5nLXRvLXdoZXJlLWl0LXdhcy0xOTk4LTIwMTItMjAxNy0yMDIwLTIwMjQvP3V0bV9zb3VyY=
2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1=
dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18=
d1132b8fBd2a147ac" style=3D"text-decoration: underline; color: #5869ff;"><s=
trong>creative director tenures</strong></a> are now shorter than ever, som=
etimes lasting just a season. While unlikely to upend the entire industry, =
the narrative is clearly shifting. Analysts now expect the <a href=3D"https=
://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly93d2QuY29tL2J1c2luZ=
XNzLW5ld3MvZ292ZXJubWVudC10cmFkZS90YXJpZmZzLXRydW1wLWltcGFjdC1sdXh1cnktZ29v=
ZHMtYmVybnN0ZWluLTEyMzcwNzU3ODcvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1=
haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMj=
U5MWNkZjFmOTVhZTliNzQ2OTZjNiM6fjp0ZXh0PVRoZSUyMGJhbmslMjBoYWQlMjBpbml0aWFsb=
HklMjBlc3RpbWF0ZWQsbm93JTIwZm9yZXNlZXMlMjBhJTIwZ2xvYmFsJTIwcmVjZXNzaW9uLiZ0=
ZXh0PVBBUklTJTIwJUUyJTgwJTk0JTIwSW4lMjB0aGUlMjB3YWtlJTIwb2YscGVyY2VudCUyMGZ=
yb20lMjB1cCUyMDUlMjBwZXJjZW50Lg/65c52188998ecb18d1132b8fBe19109c5" style=3D=
"text-decoration: underline; color: #5869ff;"><strong>global luxury market =
to shrink by 2%</strong></a> this year, a sharp U-turn from the 5% growth p=
reviously forecast.
</p></div></td></tr></table><table class=3D"button_block block-3" width=3D"=
100%" border=3D"0" cellpadding=3D"10" cellspacing=3D"0" role=3D"presentatio=
n" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"><d=
iv class=3D"alignment" align=3D"center"><a href=3D"https://link.sherwood.ne=
ws/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9sdXh1cnlz=
LWdsb3ctZGltcy1wdXNoaW5nLWRlc2lnbmVycy10by1yZWZyZXNoLW9yLWdldC1sZWZ0LWJlaGl=
uZC8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2=
tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/=
65c52188998ecb18d1132b8fD32a0f931" target=3D"_blank" style=3D"color:#ffffff=
;text-decoration:none;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"  href=3D"https://link.sherwood.news/click/396=
97937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9sdXh1cnlzLWdsb3ctZGlt=
cy1wdXNoaW5nLWRlc2lnbmVycy10by1yZWZyZXNoLW9yLWdldC1sZWZ0LWJlaGluZC8_dXRtX3N=
vdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNT=
A1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998e=
cb18d1132b8fE32a0f931"  style=3D"height:45px;width:177px;v-text-anchor:midd=
le;" arcsize=3D"9%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"0px" color=3D"#5869ff"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:18px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 0=
px solid transparent; border-left: 0px solid transparent; border-radius: 4p=
x; border-right: 0px solid transparent; border-top: 0px solid transparent; =
color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helve=
tica, Arial, sans-serif; font-size: 18px; font-weight: 400; mso-border-alt:=
 none; padding-bottom: 5px; padding-top: 5px; padding-left: 20px; padding-r=
ight: 20px; text-align: center; width: auto; word-break: keep-all; letter-s=
pacing: normal;"><span style=3D"word-break: break-word; line-height: 36px;"=
><strong>Read this online</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></a></div></td>=
</tr></table><table class=3D"divider_block block-4" width=3D"100%" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"paddin=
g-bottom:25px;padding-top:25px"><div class=3D"alignment" align=3D"center"><=
table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation=
" width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td=20
class=3D"divider_inner" style=3D"font-size:1px;line-height:1px;border-top:1=
px solid #5869ff"><span style=3D"word-break: break-word;">&#8202;</span></t=
d></tr></table></div></td></tr></table></td></tr></tbody></table></td></tr>=
</tbody></table><table class=3D"row row-8" align=3D"center" width=3D"100%" =
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" styl=
e=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class=3D"=
row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0;background-color:#fff;border-radius:0;color:#000;width:600px;ma=
rgin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1" width=
=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;te=
xt-align:left;padding-left:25px;padding-right:25px;vertical-align:top"><tab=
le class=3D"button_block block-1" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=
=3D"text-align:left"><div class=3D"alignment" align=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:26px;width:222px;v-text-anc=
hor:middle;" arcsize=3D"22%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 5px; padding-top: 5px; padding-left: 13px; padding-right: 13px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;">Presented by =
StartEngine OWN</span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"heading_block block-2" width=3D"100%" border=3D"0"=
 cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bott=
om:10px;padding-top:10px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:30px"><strong>Invest in the Pre-IPO Market Amid Public Market Un=
certainty </strong></h1></td></tr></table><table class=3D"image_block block=
-3" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D=
"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0">
<tr><td class=3D"pad" style=3D"padding-top:15px;width:100%"><div class=3D"a=
lignment" align=3D"center"><div style=3D"max-width:550px"><a href=3D"https:=
//link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9pbnZlc3Quc3RhcnRlbm=
dpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYtMDUwNTI1JnV0bV9zb3VyY2U9c=
25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT10YWtlb3ZlciZ1dG1fY29udGVu=
dD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fCcc1=
054ad" target=3D"_blank" style=3D"outline:none" tabindex=3D"-1"><img src=3D=
"https://media.sailthru.com/composer/images/bazh/6su869qw/7nd/655/6yt/closi=
ng-1.png" style=3D"display:block;height:auto;border:0;width:100%" width=3D"=
550" alt title height=3D"auto"></a></div></div></td></tr></table><table cla=
ss=3D"paragraph_block block-4"=20
width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pre=
sentation" style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-=
word"><tr><td class=3D"pad" style=3D"padding-bottom:10px;padding-right:10px=
"><div style=3D"color:#000;direction:ltr;font-family:Arial,'Helvetica Neue'=
,Helvetica,sans-serif;font-size:12px;font-weight:400;letter-spacing:0;line-=
height:1.2;text-align:left;mso-line-height-alt:14px"><p style=3D"margin:0">
Kevin O=E2=80=99Leary is StartEngine=E2=80=99s Strategic Advisor and Spokes=
man.<sup>4</sup></p></div></td></tr></table><table class=3D"paragraph_block=
 block-5" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" r=
ole=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0;word-br=
eak:break-word"><tr><td class=3D"pad" style=3D"padding-bottom:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-heig=
ht:1.5;text-align:left;mso-line-height-alt:27px"><p style=3D"margin:0;margi=
n-bottom:16px">
Tariffs, emptier ports, market volatility. Amidst public market uncertainty=
, private markets are expected to continue growing, and are projected to hi=
t $18T+ by 2027.<sup>1</sup>&nbsp;And yet, the big players have been the on=
es reaping the rewards of these opportunities, leaving out everyday investo=
rs like you.</p><p style=3D"margin:0;margin-bottom:16px">
<strong><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0c=
HM6Ly9pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYt=
MDUwNTI1JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT1=
0YWtlb3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c=
52188998ecb18d1132b8fDcc1054ad" style=3D"text-decoration: underline; color:=
 #5869ff;">Enter StartEngine</a></strong>, the platform connecting accredit=
ed individuals with top pre-IPO companies like <strong>OpenAI, Perplexity, =
and Databricks</strong>.&nbsp;</p><p style=3D"margin:0">While uncertainty r=
eigns, StartEngine just posted recent financials.</p></div></td></tr></tabl=
e><table class=3D"paragraph_block block-6" width=3D"100%" border=3D"0" cell=
padding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"padding-b=
ottom:15px;padding-left:40px"><div style=3D"color:#1d1d1d;direction:ltr;fon=
t-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-we=
ight:400;letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-a=
lt:27px"><p style=3D"margin:0;margin-bottom:16px">=F0=9F=8C=B4 Record Q4 20=
24 revenues of $17M</p><p style=3D"margin:0">
=F0=9F=8C=B4 Revenue doubled YoY ($23M to $48M)<sup>2</sup></p></div></td><=
/tr></table><table class=3D"paragraph_block block-7" width=3D"100%" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td class=
=3D"pad" style=3D"padding-bottom:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-heig=
ht:1.5;text-align:left;mso-line-height-alt:27px"><p style=3D"margin:0;margi=
n-bottom:16px"><em>Note: net loss also increased to $16.5 million.</em></p>=
<p style=3D"margin:0;margin-bottom:16px">
The even better part? The window is open to invest in them directly. <stron=
g><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9=
pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYtMDUwNT=
I1JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT10YWtlb=
3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c521889=
98ecb18d1132b8fEcc1054ad" style=3D"text-decoration: underline; color: #5869=
ff;">Join 45K+ who have invested $84M+ in StartEngine</a></strong> (across =
all offerings) before this round closes next month.<sup>3</sup></p><p style=
=3D"margin:0">
<strong><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0c=
HM6Ly9pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYt=
MDUwNTI1JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT1=
0YWtlb3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c=
52188998ecb18d1132b8fFcc1054ad" style=3D"text-decoration: underline; color:=
 #5869ff;">View Opportunity.</a></strong></p></div></td></tr></table></td><=
/tr></tbody></table></td></tr></tbody></table><table class=3D"row row-9" al=
ign=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D=
"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><=
tbody><tr><td><table class=3D"row-content stack" align=3D"center" border=3D=
"0" cellpadding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" wid=
th=3D"600"><tbody><tr><td class=3D"column column-1" width=3D"100%" style=3D=
"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padd=
ing-left:25px;padding-right:25px;vertical-align:top"><table class=3D"divide=
r_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
">
<tr><td class=3D"pad" style=3D"padding-bottom:25px;padding-top:25px"><div c=
lass=3D"alignment" align=3D"center"><table border=3D"0" cellpadding=3D"0" c=
ellspacing=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-ls=
pace:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-si=
ze:1px;line-height:1px;border-top:1px solid #5869ff"><span style=3D"word-br=
eak: break-word;">&#8202;</span></td></tr></table></div></td></tr></table><=
table class=3D"button_block block-2" width=3D"100%" border=3D"0" cellpaddin=
g=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0"><tr><td class=3D"pad" style=3D"text-align:left"><div class=3D"=
alignment" align=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:20px;width:173px;v-text-anc=
hor:middle;" arcsize=3D"27%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;"><strong>CHAIN=
 CHAIN CHAINS</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"heading_block block-3" width=3D"100%" border=3D"0"=
 cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bott=
om:10px;padding-top:10px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:26px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:31px">
<strong><a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0c=
HM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9yZXRhaWxlcnMtYnJhY2UtZm9yLXN1cHBseS1jaGFp=
bi13aGlwbGFzaC1hcy10YXJpZmZzLWdvLWludG8tZnVsbC1lZmZlY3QvP3V0bV9zb3VyY2U9c25=
hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY2=
9udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b=
8fB2e1b6c23" target=3D"_blank" style=3D"text-decoration: underline; color: =
#5869ff;" rel=3D"noopener"><span class=3D"mce-content-body mce-edit-focus" =
style=3D"word-break: break-word; position: relative;" id=3D"8741806c-3043-4=
a51-aee8-6a7c964f4e1b" data-position=3D"90-0-2" data-qa=3D"tinyeditor-root-=
element"><strong>Retailers brace for supply chain whiplash as tariffs go in=
to full effect&nbsp;</strong></span></a></strong></h1></td></tr></table><ta=
ble=20
class=3D"paragraph_block block-4" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"pa=
dding-bottom:10px"><div style=3D"color:#1d1d1d;direction:ltr;font-family:'H=
elvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;le=
tter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px"><p=
 style=3D"margin:0;margin-bottom:20px">
Retailers are scrambling to rethink sourcing, pricing, and survival strateg=
ies as tariffs kick in. About <a href=3D"https://link.sherwood.news/click/3=
9697937.15070987/aHR0cHM6Ly93d3cucmV1dGVycy5jb20vYnVzaW5lc3MvcmV0YWlsLWNvbn=
N1bWVyL3doeS1tYWpvci1zaGlmdC11cy1jbG90aGluZy1wcm9kdWN0aW9uLWlzLXVubGlrZWx5L=
TIwMjUtMDMtMTMvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBh=
aWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTl=
iNzQ2OTZjNg/65c52188998ecb18d1132b8fB707c2757" style=3D"text-decoration: un=
derline; color: #5869ff;"><strong>97%</strong></a> of the clothes and shoes=
 sold in the US are imported, with China being the largest source. Since th=
e =E2=80=9990s, US brands have shifted manufacturing to low-wage countries =
like China, Vietnam, and Bangladesh to keep costs down. But even that diver=
sification hasn=E2=80=99t shielded them from recent tariff hikes, including=
 up to <strong>145%</strong> on Chinese goods. Analysts expect retailers to=
 <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9z=
aGVyd29vZC5uZXdzL21hcmtldHMvdWJzLWFuYWx5c3QtdGFyaWZmcy1jb3VsZC10cmlnZ2VyLW1=
hc3MtaW52ZW50b3J5LXBpbGUtdXBzLXN0b3JlLWNsb3N1cmVzLWZvci8_dXRtX3NvdXJjZT1zbm=
Fja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb=
250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8=
fB108be6ad" style=3D"text-decoration: underline; color: #5869ff;"><strong>g=
et hit hard by tariffs</strong></a>, with rising costs and shrinking margin=
s forcing them to raise prices as consumers are already tightening their be=
lts.
</p><p style=3D"margin:0">So far=E2=80=A6</p></div></td></tr></table><table=
 class=3D"list_block block-5" width=3D"100%" border=3D"0" cellpadding=3D"0"=
 cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;word-break:break-word;color:#1d1d1d;direction:ltr;font-family:=
'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;=
letter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px">=
<tr><td class=3D"pad"=20
style=3D"padding-bottom:15px;padding-left:10px;padding-right:10px;padding-t=
op:10px"><div style=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-t=
op:0;margin-bottom:0;list-style-type:revert"><li aria-level=3D"1" style=3D"=
Margin:0 0 8px 0">
<strong>Nike</strong> saw more than <a href=3D"https://link.sherwood.news/c=
lick/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL3doeS10aGUt=
dGFyaWZmLWFubm91bmNlbWVudHMtaGl0LW5pa2Utc28taGFyZC15ZXN0ZXJkYXktaW4tb25lLWN=
oYXJ0Lz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbm=
Fja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2Y=
zY/65c52188998ecb18d1132b8fB1bbf4c2c" style=3D"text-decoration: underline; =
color: #5869ff;"><strong>$12 billion in market value</strong></a> swoosh aw=
ay as investors fretted over the sneaker giant=E2=80=99s inventory pileups =
and tariffs hitting its key manufacturing hubs in China, Vietnam, and Indon=
esia.</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
<strong>Victoria=E2=80=99s Secret</strong> warned last month that 10% tarif=
fs on Chinese imports could cost <a href=3D"https://link.sherwood.news/clic=
k/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMvdmljdG9yaWFzLXN=
lY3JldC1zY29yZXMtZmlyc3QtYW5udWFsLXJldmVudWUtZ3Jvd3RoLXNpbmNlLWl0cy1zcGluLW=
9mZi1idXQvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduP=
XNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2=
OTZjNg/65c52188998ecb18d1132b8fB0ba3aca6" style=3D"text-decoration: underli=
ne; color: #5869ff;"><strong>$10 million to $20 million</strong></a> in ope=
rating income. With those levies now at 145%, the impact is now likely to b=
e far worse.</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
<strong>Levi=E2=80=99s</strong> tried to downplay tariff troubles, as most =
of the denim giant=E2=80=99s spring and summer products <a href=3D"https://=
link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21h=
cmtldHMvbGV2aXMtc2F5cy10YXJpZmZzLXdpbGwtaGF2ZS1taW5pbWFsLWltcGFjdC1vbi1tYXJ=
naW5zLXRoaXMtcXVhcnRlci8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG=
1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmM=
WY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8fB7de2aff5" style=3D"text-decora=
tion: underline; color: #5869ff;"><strong>are already in the US</strong></a=
>, limiting near-term margin pressure. But the supply chain of those =E2=80=
=9CAmerican=E2=80=9D jeans involves Vietnam, Sri Lanka, and of course China=
.</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
More optimistically=E2=80=A6 analysts expect off-price retailers like <stro=
ng>TJX </strong>and <strong>Burlington Coat Factory</strong> to <a href=3D"=
https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly93d3cuYXhpb3Mu=
Y29tL2xvY2FsL2Jvc3Rvbi8yMDI1LzA1LzAyL21hcnNoYWxscy1ob21lZ29vZHMtdGptYXh4LWJ=
vc3Rvbi10angtdGFyaWZmcz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV=
9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZ=
jk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB07c793f4" style=3D"text-decorat=
ion: underline; color: #5869ff;"><strong>weather the tariff</strong></a> st=
orm better since they typically stock up on merchandise that retailers alre=
ady imported.</li></ul></div></td></tr></table></td></tr></tbody></table></=
td></tr></tbody></table><table class=3D"row row-10"=20
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
"><tbody><tr><td><table class=3D"row-content stack" align=3D"center" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:#000;width=
:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1=
" width=3D"100%"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-left:25px;padding-right:25px;vertical-align:top"><table class=
=3D"heading_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table=
-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:8px;padding-top:24=
px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:23px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:28px"><span class=3D"tinyMce-placeholder" style=3D"word-break: b=
reak-word;">THE TAKEAWAY</span></h1></td></tr></table><table class=3D"parag=
raph_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><=
td class=3D"pad" style=3D"padding-bottom:10px"><div style=3D"color:#1d1d1d;=
direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-=
size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;=
mso-line-height-alt:27px"><p style=3D"margin:0">
It=E2=80=99s a race against the clock. Retailers that have placed orders ar=
e watching them sit in Chinese ports while they wait to see how the tariffs=
 shake out. We=E2=80=99re also about to see imports arriving at US ports fr=
om China <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0=
cHM6Ly9zaGVyd29vZC5uZXdzL3dvcmxkL2ltcG9ydHMtYXJlLWFib3V0LXRvLWNvbGxhcHNlLWF=
0LWFtZXJpY2FzLWJ1c2llc3QtcG9ydC8_dXRtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbW=
FpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyN=
TkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8fB02737098" style=3D"tex=
t-decoration: underline; color: #5869ff;"><strong>fall off a cliff</strong>=
</a>, which means stores risk running out of stock just as consumers begin =
shopping for back-to-school materials and then the holidays. Wall Street is=
 feeling the heat: the SPDR Retail ETF is down 12% this year, and the consu=
mer discretionary sector, which includes retailers like <strong>Nordstrom</=
strong> and <strong>Foot Locker</strong>, is the worst-performing S&P 500 s=
ector year to date.
</p></div></td></tr></table><table class=3D"button_block block-3" width=3D"=
100%" border=3D"0" cellpadding=3D"10" cellspacing=3D"0" role=3D"presentatio=
n" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"><d=
iv class=3D"alignment" align=3D"center"><a href=3D"https://link.sherwood.ne=
ws/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9yZXRhaWxl=
cnMtYnJhY2UtZm9yLXN1cHBseS1jaGFpbi13aGlwbGFzaC1hcy10YXJpZmZzLWdvLWludG8tZnV=
sbC1lZmZlY3QvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaW=
duPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliN=
zQ2OTZjNg/65c52188998ecb18d1132b8fC2e1b6c23" target=3D"_blank" style=3D"col=
or:#ffffff;text-decoration:none;"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"  href=3D"https://link.sherwood.news/click/396=
97937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3NuYWNrcy9yZXRhaWxlcnMtYnJhY2Ut=
Zm9yLXN1cHBseS1jaGFpbi13aGlwbGFzaC1hcy10YXJpZmZzLWdvLWludG8tZnVsbC1lZmZlY3Q=
vP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc1=
8yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65=
c52188998ecb18d1132b8fD2e1b6c23"  style=3D"height:45px;width:177px;v-text-a=
nchor:middle;" arcsize=3D"9%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"0px" color=3D"#5869ff"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:18px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 0=
px solid transparent; border-left: 0px solid transparent; border-radius: 4p=
x; border-right: 0px solid transparent; border-top: 0px solid transparent; =
color: #ffffff; display: inline-block; font-family: 'Helvetica Neue', Helve=
tica, Arial, sans-serif; font-size: 18px; font-weight: 400; mso-border-alt:=
 none; padding-bottom: 5px; padding-top: 5px; padding-left: 20px; padding-r=
ight: 20px; text-align: center; width: auto; word-break: keep-all; letter-s=
pacing: normal;"><span style=3D"word-break: break-word; line-height: 36px;"=
><strong>Read this online</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></a></div></td>=
</tr></table></td></tr></tbody></table></td></tr></tbody></table><table cla=
ss=3D"row row-11" align=3D"center" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0"><tbody><tr><td><table class=3D"row-content stack" align=
=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presen=
tation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:=
#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"colum=
n column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;f=
ont-weight:400;text-align:left;padding-left:25px;padding-right:25px;vertica=
l-align:top"><table class=3D"divider_block block-1" width=3D"100%" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"=20
style=3D"padding-bottom:25px;padding-top:25px"><div class=3D"alignment" ali=
gn=3D"center"><table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspa=
ce:0"><tr><td class=3D"divider_inner" style=3D"font-size:1px;line-height:1p=
x;border-top:1px solid #5869ff"><span style=3D"word-break: break-word;">&#8=
202;</span></td></tr></table></div></td></tr></table><table class=3D"button=
_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><=
td class=3D"pad" style=3D"text-align:left"><div class=3D"alignment" align=
=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:20px;width:258px;v-text-anc=
hor:middle;" arcsize=3D"27%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;"><strong>THE B=
EST THING WE READ TODAY</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"heading_block block-3" width=3D"100%" border=3D"0"=
 cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bott=
om:10px;padding-top:10px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:30px"><a href=3D"https://link.sherwood.news/click/39697937.15070=
987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2VuZC1vZi1kZS1taW5pbWlzLWNvdWx=
kLW1lYW4tdGhlLWVuZC1vZi1jaGVhcC1jbG90aGluZy1pbXBvcnRzLz91dG1fc291cmNlPXNuYW=
NrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2Nvb=
nRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8f=
Bb48ab576" style=3D"text-decoration: underline; color: #5869ff;"><strong>Th=
e end of de minimis could mean the end of cheap clothing imports</strong></=
a></h1></td></tr></table><table=20
class=3D"paragraph_block block-4" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"pa=
dding-bottom:10px"><div style=3D"color:#1d1d1d;direction:ltr;font-family:'H=
elvetica Neue',Helvetica,Arial,sans-serif;font-size:18px;font-weight:400;le=
tter-spacing:0;line-height:1.5;text-align:left;mso-line-height-alt:27px"><p=
 style=3D"margin:0;margin-bottom:16px">
When the clock struck midnight last Friday, the <a href=3D"https://link.she=
rwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL21hcmtldHMv=
dGVtdXMtcGFyZW50LWNvbXBhbnktYW5kLWFsaWJhYmEtc2x1bXAtYWZ0ZXItbG9zaW5nLWtleS1=
1cy10cmFkZS1leGVtcHRpb24vP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdX=
RtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZ=
jFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB777c715e" style=3D"text-deco=
ration: underline; color: #5869ff;"><strong>de minimis tariff exception</st=
rong></a> came to an end, disappearing like Cinderella=E2=80=99s gown after=
 the ball. The rule allowed small shipments of goods worth less than $800 t=
o enter the US duty free, but now millions of packages, many of which conta=
in low-cost clothes from China, will be subject to the same tariffs applied=
 to general goods. Until now, this allowed the clothing costs to be one of =
the few categories that have <a href=3D"https://link.sherwood.news/click/39=
697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2VuZC1vZi1kZS1taW5=
pbWlzLWNvdWxkLW1lYW4tdGhlLWVuZC1vZi1jaGVhcC1jbG90aGluZy1pbXBvcnRzLz91dG1fc2=
91cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1M=
DUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998e=
cb18d1132b8fCb48ab576" style=3D"text-decoration: underline; color: #5869ff;=
"><strong>bucked the trend of consistently rising prices since the 1990s</s=
trong></a>.
</p><p style=3D"margin:0"><a href=3D"https://link.sherwood.news/click/39697=
937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2VuZC1vZi1kZS1taW5pbW=
lzLWNvdWxkLW1lYW4tdGhlLWVuZC1vZi1jaGVhcC1jbG90aGluZy1pbXBvcnRzLz91dG1fc291c=
mNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUm=
dXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb1=
8d1132b8fDb48ab576" style=3D"text-decoration: underline; color: #5869ff;"><=
strong>See it charted.</strong></a></p></div></td></tr></table><table class=
=3D"divider_block block-5" width=3D"100%" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table=
-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:25px;padding-top:2=
5px"><div class=3D"alignment" align=3D"center"><table border=3D"0" cellpadd=
ing=3D"0"=20
cellspacing=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-l=
space:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-s=
ize:1px;line-height:1px;border-top:1px solid #5869ff"><span style=3D"word-b=
reak: break-word;">&#8202;</span></td></tr></table></div></td></tr></table>=
</td></tr></tbody></table></td></tr></tbody></table><table class=3D"row row=
-12" align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class=
=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-r=
space:0;background-color:#fff;border-radius:0;color:#000;width:600px;margin=
:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1" width=3D"10=
0%" style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-ali=
gn:left;padding-left:25px;padding-right:25px;vertical-align:top"><table=20
class=3D"button_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-t=
able-rspace:0"><tr><td class=3D"pad" style=3D"text-align:left"><div class=
=3D"alignment" align=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:26px;width:222px;v-text-anc=
hor:middle;" arcsize=3D"22%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 5px; padding-top: 5px; padding-left: 13px; padding-right: 13px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;">Presented by =
StartEngine OWN</span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"heading_block block-2" width=3D"100%" border=3D"0"=
 cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tab=
le-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bott=
om:10px;padding-top:10px;text-align:center;width:100%"><h1=20
style=3D"margin:0;color:#5869ff;direction:ltr;font-family:'Helvetica Neue',=
Helvetica,Arial,sans-serif;font-size:25px;font-weight:700;letter-spacing:no=
rmal;line-height:1.2;text-align:left;margin-top:0;margin-bottom:0;mso-line-=
height-alt:30px"><strong>Why Stick To Stocks On the Public Market?</strong>=
</h1></td></tr></table><table class=3D"paragraph_block block-3" width=3D"10=
0%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation"=
=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><=
td class=3D"pad" style=3D"padding-bottom:10px"><div style=3D"color:#1d1d1d;=
direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-=
size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:left;=
mso-line-height-alt:27px"><p style=3D"margin:0;margin-bottom:16px">
Amid public market turbulence, private markets are set to top $18T by 2027<=
sup>1</sup>. But everyday investors have been left out of these potential g=
ains. <strong>Enter </strong><a href=3D"https://link.sherwood.news/click/39=
697937.15070987/aHR0cHM6Ly9pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ24=
9U25hY2tzLU9XTi1TRTYtMDUwNTI1JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2=
xldHRlciZ1dG1fdGVybT10YWtlb3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmO=
TVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fGcc1054ad" style=3D"text-decorati=
on: underline; color: #5869ff;"><strong>StartEngine</strong></a>, the platf=
orm that posted record Q4 revenues by connecting accredited investors with =
top pre-IPO companies.<sup>2</sup></p><p style=3D"margin:0">
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9pb=
nZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYtMDUwNTI1=
JnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT10YWtlb3Z=
lciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998=
ecb18d1132b8fHcc1054ad" style=3D"text-decoration: underline; color: #5869ff=
;"><strong>Join 45K+ shareholders (across all offerings) before this round =
closes next month.</strong></a><sup>3</sup></p></div></td></tr></table></td=
></tr></tbody></table></td></tr></tbody></table><table class=3D"row row-13"=
 align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
"><tbody><tr><td><table=20
class=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0"=
 cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 auto" wi=
dth=3D"600"><tbody><tr><td class=3D"column column-1" width=3D"100%" style=
=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;p=
adding-left:25px;padding-right:25px;vertical-align:top"><table class=3D"div=
ider_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><=
td class=3D"pad" style=3D"padding-bottom:25px;padding-top:25px"><div class=
=3D"alignment" align=3D"center"><table border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-lspace=
:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-size:1=
px;line-height:1px;border-top:1px solid #5869ff"><span style=3D"word-break:=
 break-word;">&#8202;</span></td></tr></table></div></td></tr></table><tabl=
e=20
class=3D"button_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0=
" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-t=
able-rspace:0"><tr><td class=3D"pad" style=3D"text-align:left"><div class=
=3D"alignment" align=3D"left"><!--[if mso]>
<v:roundrect xmlns:v=3D"urn:schemas-microsoft-com:vml" xmlns:w=3D"urn:schem=
as-microsoft-com:office:word"   style=3D"height:20px;width:142px;v-text-anc=
hor:middle;" arcsize=3D"27%" fillcolor=3D"#5869ff">
<v:stroke dashstyle=3D"Solid" weight=3D"2px" color=3D"#000000"/>
<w:anchorlock/>
<v:textbox inset=3D"0px,0px,0px,0px">
<center dir=3D"false" style=3D"color:#ffffff;font-family:Arial, sans-serif;=
font-size:14px">
<![endif]-->
<span class=3D"button" style=3D"background-color: #5869ff; border-bottom: 2=
px solid #000000; border-left: 2px solid #000000; border-radius: 7px; borde=
r-right: 2px solid #000000; border-top: 2px solid #000000; color: #ffffff; =
display: inline-block; font-family: 'Helvetica Neue', Helvetica, Arial, san=
s-serif; font-size: 14px; font-weight: 400; mso-border-alt: none; padding-b=
ottom: 2px; padding-top: 2px; padding-left: 11px; padding-right: 11px; text=
-align: center; width: auto; word-break: keep-all; letter-spacing: normal;"=
><span style=3D"word-break: break-word; line-height: 16.8px;"><strong>OFF T=
HE CHARTS</strong></span></span>
<!--[if mso]></center></v:textbox></v:roundrect><![endif]--></div></td></tr=
></table><table class=3D"paragraph_block block-3" width=3D"100%" border=3D"=
0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-t=
able-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pa=
d" style=3D"padding-bottom:10px;padding-top:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-heig=
ht:1.5;text-align:left;mso-line-height-alt:27px"><p style=3D"margin:0">Sear=
ches for which retailer peaked around Christmas 2012 and have been tapering=
 off ever since?</p></div></td></tr></table><table class=3D"image_block blo=
ck-4" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0">
<tr><td class=3D"pad" style=3D"width:100%"><div class=3D"alignment" align=
=3D"center"><div style=3D"max-width:550px"><a href=3D"https://link.sherwood=
.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2J1c2luZXNzL2Zvc=
mV2ZXItMjEtaXMtZmlsaW5nLWZvci1iYW5rcnVwdGN5LWZvci10aGUtc2Vjb25kLXRpbWUtaW4t=
c2l4LXllYXJzLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWl=
nbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yj=
c0Njk2YzY/65c52188998ecb18d1132b8fBda673735" target=3D"_blank" style=3D"out=
line:none" tabindex=3D"-1"><img src=3D"https://media.sailthru.com/composer/=
images/bazh/6su869qw/lmy/8bm/4lg/Forever-21%20newsy%20%281%29.png" style=3D=
"display:block;height:auto;border:0;width:100%" width=3D"550" alt title hei=
ght=3D"auto"></a></div></div></td></tr></table><table class=3D"paragraph_bl=
ock block-5"=20
width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pre=
sentation" style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-=
word"><tr><td class=3D"pad" style=3D"padding-bottom:10px;padding-top:5px"><=
div style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helve=
tica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-=
height:1.5;text-align:left;mso-line-height-alt:27px"><p style=3D"margin:0">
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzL2J1c2luZXNzL2ZvcmV2ZXItMjEtaXMtZmlsaW5nLWZvci1iYW5rcnVwdGN5=
LWZvci10aGUtc2Vjb25kLXRpbWUtaW4tc2l4LXllYXJzLz91dG1fc291cmNlPXNuYWNrcyZ1dG1=
fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9Yj=
NjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fCda673735=
" style=3D"text-decoration: underline; color: #5869ff;"><strong>Answer here=
.</strong></a></p></div></td></tr></table></td></tr></tbody></table></td></=
tr></tbody></table><table class=3D"row row-14" align=3D"center" width=3D"10=
0%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" =
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class=
=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0" cell=
spacing=3D"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0;backgr=
ound-color:#fff;color:#000;width:600px;margin:0 auto" width=3D"600"><tbody>=
<tr><td class=3D"column column-1" width=3D"100%" style=3D"mso-table-lspace:=
0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25px;padd=
ing-right:25px;vertical-align:top"><table class=3D"divider_block block-1" w=
idth=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pres=
entation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td=20
class=3D"pad" style=3D"padding-bottom:25px;padding-top:25px"><div class=3D"=
alignment" align=3D"center"><table border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-lspace:0;m=
so-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-size:1px;l=
ine-height:1px;border-top:1px solid #5869ff"><span style=3D"word-break: bre=
ak-word;">&#8202;</span></td></tr></table></div></td></tr></table><table cl=
ass=3D"heading_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"0"=
=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:10px;text-align:=
center;width:100%"><h1 style=3D"margin:0;color:#5869ff;direction:ltr;font-f=
amily:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-weigh=
t:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0;ma=
rgin-bottom:0;mso-line-height-alt:30px"><span class=3D"tinyMce-placeholder"=
 style=3D"word-break: break-word;">What else we're Snackin'</span>
</h1></td></tr></table><table class=3D"list_block block-3" width=3D"100%" b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=
=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:#1d1d=
1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;fo=
nt-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-align:le=
ft;mso-line-height-alt:27px"><tr><td class=3D"pad" style=3D"padding-bottom:=
5px;padding-left:10px;padding-right:10px"><div=20
style=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-top:0;margin-bo=
ttom:0;list-style-type:revert"><li aria-level=3D"1" style=3D"Margin:0 0 8px=
 0">Who=E2=80=99s where: a creative director <a href=3D"https://link.sherwo=
od.news/click/39697937.15070987/aHR0cHM6Ly9mYXNoaW9uaXN0YS5jb20vMjAyNS8wMS9=
mYXNoaW9uLWNyZWF0aXZlLWRpcmVjdG9ycy1uZXctMjAyNT91dG1fc291cmNlPXNuYWNrcyZ1dG=
1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9Y=
jNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB1f270f2=
4" style=3D"text-decoration: underline; color: #5869ff;"><strong>cheat shee=
t</strong></a> for 2025</li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0"=
>
Chinese manufacturers are <a href=3D"https://link.sherwood.news/click/39697=
937.15070987/aHR0cHM6Ly93d3cubnl0aW1lcy5jb20vMjAyNS8wNC8yNC90ZWNobm9sb2d5L2=
NoaW5lc2UtZmFjdG9yaWVzLXRpa3Rvay10cmFkZS13YXIuaHRtbD91dG1fc291cmNlPXNuYWNrc=
yZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRl=
bnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fBcf=
11b55d" style=3D"text-decoration: underline; color: #5869ff;"><strong>fueli=
ng consumer skepticism</strong></a> on social media. Viral expos=C3=A9s bre=
ak down the =E2=80=9Creal=E2=80=9D cost of luxury goods =E2=80=94 and even =
offer direct lines of purchase</li><li aria-level=3D"1" style=3D"Margin:0 0=
 8px 0">
<strong>Temu</strong> will stop<strong> </strong><a href=3D"https://link.sh=
erwood.news/click/39697937.15070987/aHR0cHM6Ly93d3cud3NqLmNvbS9idXNpbmVzcy9=
yZXRhaWwvdGVtdS1zdG9wcy1jaGluYS1zaGlwbWVudHMtdG8tdS1zLWNvbnN1bWVycy00ZGQyNW=
QwMD91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja=
3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/=
65c52188998ecb18d1132b8fB6f2e9863" style=3D"text-decoration: underline; col=
or: #5869ff;"><strong>selling</strong></a> goods from China directly to US =
customers as the de minimis shipping exception comes to a close</li></ul></=
div></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><=
table class=3D"row row-15" align=3D"center" width=3D"100%" border=3D"0" cel=
lpadding=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td><table class=
=3D"row-content stack" align=3D"center" border=3D"0" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-r=
space:0;background-color:#f6f6f6;border-radius:0;color:#000;width:600px;mar=
gin:0 auto" width=3D"600"><tbody><tr><td class=3D"column column-1" width=3D=
"100%"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-bottom:5px;padding-left:30px;padding-top:5px;vertical-align:top=
"><table class=3D"list_block block-1" width=3D"100%" border=3D"0" cellpaddi=
ng=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;color:=
#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-ser=
if;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;text-ali=
gn:left;mso-line-height-alt:27px"><tr><td class=3D"pad" style=3D"padding-bo=
ttom:10px;padding-left:5px;padding-right:20px;padding-top:10px"><div style=
=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-top:0;margin-bottom:=
0;list-style-type:revert"><li style=3D"Margin:0">
Private investing is booming amid market uncertainty. And yet, everyday inv=
estors have been left behind =E2=80=94 until now.<sup>1 </sup><a href=3D"ht=
tps://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9pbnZlc3Quc3Rhcn=
RlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249U25hY2tzLU9XTi1TRTYtMDUwNTI1JnV0bV9zb3VyY=
2U9c25hY2tzJnV0bV9tZWRpdW09bmV3c2xldHRlciZ1dG1fdGVybT10YWtlb3ZlciZ1dG1fY29u=
dGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8f=
Icc1054ad" style=3D"text-decoration: underline; color: #5869ff;"><strong>St=
artEngine is connecting accredited investors with recognized pre-IPO compan=
ies</strong></a>. Join 45K+ investors (across all offerings) before this ro=
und closes next month.<sup>3</sup></li></ul></div></td></tr></table><table=
=20
class=3D"paragraph_block block-2" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"pa=
dding-left:10px;padding-right:10px"><div style=3D"color:#000;direction:ltr;=
font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:13px;font=
-weight:700;letter-spacing:0;line-height:1.2;text-align:right;mso-line-heig=
ht-alt:16px"><p style=3D"margin:0">Ad</p></div></td></tr></table></td>
</tr></tbody></table></td></tr></tbody></table><table class=3D"row row-16" =
align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0=
"><tbody><tr><td><table class=3D"row-content stack" align=3D"center" border=
=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"m=
so-table-lspace:0;mso-table-rspace:0;background-color:#fff;border-radius:0;=
color:#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td=20
class=3D"column column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;font-weight:400;text-align:left;padding-bottom:5px;padding-lef=
t:25px;padding-right:25px;padding-top:5px;vertical-align:top"><table class=
=3D"divider_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-table=
-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:25px;padding-top:2=
5px"><div class=3D"alignment" align=3D"center"><table border=3D"0"=20
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" width=3D"100%" st=
yle=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"divider_inne=
r" style=3D"font-size:1px;line-height:1px;border-top:1px solid #5869ff"><sp=
an style=3D"word-break: break-word;">&#8202;</span></td></tr></table></div>=
</td></tr></table></td></tr></tbody></table></td></tr></tbody></table><tabl=
e class=3D"row row-17" align=3D"center" width=3D"100%" border=3D"0" cellpad=
ding=3D"0" cellspacing=3D"0" role=3D"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;background-size:auto"><tbody=
><tr><td><table class=3D"row-content stack" align=3D"center" border=3D"0" c=
ellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table=
-lspace:0;mso-table-rspace:0;background-size:auto;background-color:#5869ff;=
border-bottom:30px solid #fff;border-left:30px solid #fff;border-radius:10p=
x;border-right:30px solid #fff;border-top:30px solid #fff;color:#000;width:=
600px;margin:0 auto" width=3D"600"><tbody><tr><td=20
class=3D"column column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;font-weight:400;text-align:left;border-bottom:4px solid #5869f=
f;border-left:4px solid #5869ff;border-right:4px solid #5869ff;border-top:4=
px solid #5869ff;padding-bottom:15px;padding-left:25px;padding-right:25px;p=
adding-top:15px;vertical-align:top"><table class=3D"heading_block block-1" =
width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"pre=
sentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td=20
class=3D"pad" style=3D"text-align:center;width:100%"><h1 style=3D"margin:0;=
color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sans-=
serif;font-size:25px;font-weight:700;letter-spacing:normal;line-height:1.2;=
text-align:center;margin-top:0;margin-bottom:0;mso-line-height-alt:30px"><s=
pan class=3D"tinyMce-placeholder" style=3D"word-break: break-word;">Snack F=
act of the Day</span></h1></td></tr></table><table class=3D"paragraph_block=
 block-2" width=3D"100%" border=3D"0" cellpadding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0;word-break:break-word"><tr><td class=3D"pad" style=3D"padding-b=
ottom:10px;padding-left:40px;padding-right:40px;padding-top:10px"><div styl=
e=3D"color:#fff;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,=
sans-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.2;=
text-align:center;mso-line-height-alt:22px"><p style=3D"margin:0">
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzL21hcmtldHMvZXVyb3BlYW4tbHV4dXJ5LXN0b2Nrcy1mYWxsLWZhc2hpb24t=
dGFyaWZmcy1sdXh1cnktd2F0Y2hlcy1vZi1zd2l0emVybGFuZC8_dXRtX3NvdXJjZT1zbmFja3M=
mdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb250ZW=
50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8fB401=
249f2" style=3D"text-decoration: underline; color: #ffffff;"><strong>Europe=
 makes up about 70% of the global luxury goods market.</strong></a></p></di=
v></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><ta=
ble class=3D"row row-18" align=3D"center" width=3D"100%" border=3D"0" cellp=
adding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lsp=
ace:0;mso-table-rspace:0"><tbody><tr><td><table class=3D"row-content stack"=
=20
align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"p=
resentation" style=3D"mso-table-lspace:0;mso-table-rspace:0;background-colo=
r:#fff;border-radius:0;color:#000;width:600px;margin:0 auto" width=3D"600">=
<tbody><tr><td class=3D"column column-1" width=3D"100%" style=3D"mso-table-=
lspace:0;mso-table-rspace:0;font-weight:400;text-align:left;padding-left:25=
px;padding-right:25px;vertical-align:top"><table class=3D"divider_block blo=
ck-1" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0"=20
role=3D"presentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><=
td class=3D"pad" style=3D"padding-bottom:25px;padding-top:25px"><div class=
=3D"alignment" align=3D"center"><table border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" width=3D"100%" style=3D"mso-table-lspace=
:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" style=3D"font-size:1=
px;line-height:1px;border-top:1px solid #5869ff"><span style=3D"word-break:=
 break-word;">&#8202;</span></td></tr></table></div></td></tr></table><tabl=
e=20
class=3D"heading_block block-2" width=3D"100%" border=3D"0" cellpadding=3D"=
0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-=
table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:10px;text-ali=
gn:center;width:100%"><h1 style=3D"margin:0;color:#5869ff;direction:ltr;fon=
t-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:25px;font-we=
ight:700;letter-spacing:normal;line-height:1.2;text-align:left;margin-top:0=
;margin-bottom:0;mso-line-height-alt:30px">
<span class=3D"tinyMce-placeholder" style=3D"word-break: break-word;">This =
Week</span></h1></td></tr></table><table class=3D"list_block block-3" width=
=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presenta=
tion" style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word;=
color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica,Arial,sa=
ns-serif;font-size:18px;font-weight:400;letter-spacing:0;line-height:1.5;te=
xt-align:left;mso-line-height-alt:27px"><tr><td class=3D"pad"=20
style=3D"padding-bottom:5px;padding-left:10px;padding-right:10px"><div styl=
e=3D"margin-left:-20px"><ul start=3D"1" style=3D"margin-top:0;margin-bottom=
:0;list-style-type:revert"><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">=
<strong>Monday:</strong> April ISM Services PMI. Earnings expected from <st=
rong>Palantir, Hims & Hers, Ford,</strong> and <strong>Tyson Foods&nbsp;</s=
trong></li><li aria-level=3D"1" style=3D"Margin:0 0 8px 0">
<strong>Tuesday:</strong> Earnings expected from <strong>Marriott, Rivian, =
Super Micro Computer, Celsius,</strong> <strong>Ferrari, Electronic Arts, <=
/strong>and <strong>Wynn Resorts</strong></li><li aria-level=3D"1" style=3D=
"Margin:0 0 8px 0"><strong>Wednesday: </strong>Fed interest rate decision. =
Earnings expected from <strong>Novo Nordisk, Uber, AppLovin, Arm, AMC, Door=
Dash, Occidental Petroleum,</strong> <strong>Carvana, Vistra, Axon, </stron=
g>and <strong>Disney</strong></li><li aria-level=3D"1"=20
style=3D"Margin:0 0 8px 0"><strong>Thursday: </strong>Earnings expected fro=
m <strong>ConocoPhillips, Expedia, Anheuser-Busch, Shopify, Warner Bros. Di=
scovery, Coinbase, Lyft, Peloton, Paramount, DraftKings, SoundHound, D-Wave=
 Quantum,</strong> <strong>Affirm, MARA Holdings, News Corp, Rocket Lab, Mo=
nster Beverage, </strong>and <strong>Match Group</strong></li><li aria-leve=
l=3D"1" style=3D"Margin:0 0 8px 0"><strong>Friday:</strong> Earnings expect=
ed from <strong>Plug Power</strong></li></ul></div></td>
</tr></table></td></tr></tbody></table></td></tr></tbody></table><table cla=
ss=3D"row row-19" align=3D"center" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;=
mso-table-rspace:0"><tbody><tr><td><table class=3D"row-content stack" align=
=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presen=
tation" style=3D"mso-table-lspace:0;mso-table-rspace:0;background-color:#ff=
f;color:#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td=20
class=3D"column column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-ta=
ble-rspace:0;font-weight:400;text-align:left;padding-left:25px;padding-righ=
t:25px;vertical-align:top"><table class=3D"paragraph_block block-1" width=
=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presenta=
tion" style=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"=
><tr><td class=3D"pad" style=3D"padding-bottom:5px;padding-left:10px;paddin=
g-right:10px;padding-top:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:11px;font-weight:400;letter-spacing:0;line-heig=
ht:1.2;text-align:left;mso-line-height-alt:13px"><p style=3D"margin:0;margi=
n-bottom:16px">&nbsp;</p><p style=3D"margin:0;margin-bottom:16px"><strong>A=
dvertiser's disclosures:<br></strong></p><p style=3D"margin:0;margin-bottom=
:16px">
<sup>1</sup>Source: S&P Global, =E2=80=9C<a href=3D"https://link.sherwood.n=
ews/click/39697937.15070987/aHR0cHM6Ly93d3cuc3BnbG9iYWwuY29tL2VuL3Jlc2VhcmN=
oLWluc2lnaHRzL21hcmtldC1pbnNpZ2h0cy9wcml2YXRlLW1hcmtldHM_dXRtX3NvdXJjZT1zbm=
Fja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwMjUwNTA1JnV0bV9jb=
250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c52188998ecb18d1132b8=
fB1c4fe64b" style=3D"text-decoration: underline; color: #1d1d1d;">Private M=
arkets =E2=80=93 A Growing, Alternative Asset Class</a>,=E2=80=9D Accessed =
April 30, 2024</p><p style=3D"margin:0;margin-bottom:16px">
<sup>2</sup>Based on our 2024 Form 10-K. This revenue growth has been drive=
n by StartEngine Private, a new product line that offers funds in late stag=
e companies. This product line has driven over $28 million of the $48 milli=
on in revenue from 2024. Net loss also increased to $16.5 million. To under=
stand the impact on margins, <a href=3D"https://link.sherwood.news/click/39=
697937.15070987/aHR0cHM6Ly93d3cuc2VjLmdvdi9peD9kb2M9L0FyY2hpdmVzL2VkZ2FyL2R=
hdGEvMDAwMTY2MTc3OS8wMDAxNTU4MzcwMjUwMDQxODgvc3RnYy0yMDI0MTIzMXgxMGsuaHRtJn=
V0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yM=
DI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52=
188998ecb18d1132b8fBb199107a" style=3D"text-decoration: underline; color: #=
1d1d1d;">see financials</a>.</p><p=20
style=3D"margin:0;margin-bottom:16px">
<sup>3</sup>This is a paid advertisement for StartEngine=E2=80=99s Reg. A+ =
offering. Please read the most recent <a href=3D"https://link.sherwood.news=
/click/39697937.15070987/aHR0cHM6Ly93d3cuc2VjLmdvdi9BcmNoaXZlcy9lZGdhci9kYX=
RhLzE2NjE3NzkvMDAwMTEwNDY1OTI0MTEzNTA0L3RtMjQyMzk4MmQ2XzI1M2cyLmh0bT91dG1fc=
291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1=
MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998=
ecb18d1132b8fB4f59b68b" style=3D"text-decoration: underline; color: #1d1d1d=
;">offering circular</a> and <a href=3D"https://link.sherwood.news/click/39=
697937.15070987/aHR0cHM6Ly93d3cuc2VjLmdvdi9BcmNoaXZlcy9lZGdhci9kYXRhLzE2NjE=
3NzkvMDAwMTEwNDY1OTI0MTEzNTA0L3RtMjQyMzk4MmQ2XzI1M2cyLmh0bT91dG1fc291cmNlPX=
NuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX=
2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzYjYV8wMDI/65c52188998e=
cb18d1132b8fB0beb67c7" style=3D"text-decoration: underline; color: #1d1d1d;=
">related risks</a> at <a href=3D"https://link.sherwood.news/click/39697937=
.15070987/aHR0cHM6Ly9pbnZlc3Quc3RhcnRlbmdpbmUuY29tLz91dG1fY2FtcGFpZ249Q2hhc=
nRyLU9XTi1TRTYtMDUwNTI1JnV0bV9zb3VyY2U9Q2hhcnRyJnV0bV9tZWRpdW09bmV3c2xldHRl=
ciZ1dG1fdGVybT10YWtlb3ZlciZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTl=
iNzQ2OTZjNg/65c52188998ecb18d1132b8fJ26c58498" style=3D"text-decoration: un=
derline; color: #1d1d1d;">StartEngine OWN</a>. The offering is made availab=
le through StartEngine Crowdfunding, Inc. No broker-dealer or intermediary =
was involved in offering.&nbsp;&nbsp;
</p><p style=3D"margin:0;margin-bottom:16px">Past performance is no guarant=
ee of future results. Investing in private company securities is not suitab=
le for all investors. This investment is highly speculative, illiquid, and =
involves a high degree of risk, including the possible loss of your entire =
investment. There is no guarantee that a market will develop for such secur=
ities.</p><p style=3D"margin:0">
<sup>4</sup>Kevin O=E2=80=99Leary is a paid spokesperson for StartEngine. S=
ee his 17(b) disclosure, <a href=3D"https://link.sherwood.news/click/396979=
37.15070987/aHR0cHM6Ly93d3cuc3RhcnRlbmdpbmUuY29tLzE3Yj91dG1fc291cmNlPXNuYWN=
rcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2Nvbn=
RlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB=
4c61c4fc" style=3D"text-decoration: underline; color: #1d1d1d;">here</a>.<s=
trong><br></strong></p></div></td></tr></table></td></tr></tbody></table></=
td></tr></tbody></table><table class=3D"row row-20" align=3D"center" width=
=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presenta=
tion" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tbody><tr><td>
<table class=3D"row-content stack" align=3D"center" border=3D"0" cellpaddin=
g=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0=
;mso-table-rspace:0;background-color:#fff;color:#000;width:600px;margin:0 a=
uto" width=3D"600"><tbody><tr><td class=3D"column column-1" width=3D"100%" =
style=3D"mso-table-lspace:0;mso-table-rspace:0;font-weight:400;text-align:l=
eft;padding-left:25px;padding-right:25px;vertical-align:top"><table class=
=3D"divider_block block-1" width=3D"100%" border=3D"0" cellpadding=3D"0"=20
cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-tab=
le-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:25px;padding-top=
:25px"><div class=3D"alignment" align=3D"center"><table border=3D"0" cellpa=
dding=3D"0" cellspacing=3D"0" role=3D"presentation" width=3D"100%" style=3D=
"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" sty=
le=3D"font-size:1px;line-height:1px;border-top:1px solid #5869ff"><span sty=
le=3D"word-break: break-word;">&#8202;</span></td></tr></table></div></td><=
/tr>
</table><table class=3D"paragraph_block block-2" width=3D"100%" border=3D"0=
" cellpadding=3D"10" cellspacing=3D"0" role=3D"presentation" style=3D"mso-t=
able-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td class=3D"pa=
d"><div style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',H=
elvetica,Arial,sans-serif;font-size:18px;font-weight:400;letter-spacing:0;l=
ine-height:1.5;text-align:left;mso-line-height-alt:27px"><p style=3D"margin=
:0;margin-bottom:16px">
<strong>Was this email forwarded to you? </strong>Don=E2=80=99t miss out on=
 future stories =E2=80=94&nbsp;<a href=3D"https://link.sherwood.news/click/=
39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL3RoYW5rLXlvdS1zbmFja3MvP3Nha=
Wx0aHJ1X2xpc3RzW05ldyUyMFNuYWNrcyUyMERhaWx5XT0xJnV0bV9zb3VyY2U9c25hY2tzJnV0=
bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1=
iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB596dfd=
52" target=3D"_blank" style=3D"text-decoration: underline; color: #5869ff;"=
 rel=3D"noopener"><strong>subscribe to<em>&nbsp;Snacks</em></strong></a> an=
d get your daily dose of financial news straight to your inbox.&nbsp;</p><p=
 style=3D"margin:0"><strong style=3D"background-color:transparent">
<strong>Craving more insights in your inbox</strong>? </strong><strong>Subs=
cribe to <a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0=
cHM6Ly9zaGVyd29vZC5uZXdzL3RoYW5rLXlvdS8_c2FpbHRocnVfbGlzdHNbQ2hhcnRyXT0xJnV=
0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMD=
I1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c521=
88998ecb18d1132b8fB50d6812a" target=3D"_blank" style=3D"text-decoration: un=
derline; color: #5869ff;" rel=3D"noopener"><em>Chartr</em></a> and <a href=
=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29v=
ZC5uZXdzL3RoYW5rLXlvdS8_c2FpbHRocnVfbGlzdHNbVGhlJTIwV3JhcCUyMHN1YnNjcmliZXJ=
zXT0xJnV0bV9zb3VyY2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYW=
Nrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjN=
g/65c52188998ecb18d1132b8fCc1d52f20" target=3D"_blank" style=3D"text-decora=
tion: underline; color: #5869ff;" rel=3D"noopener"><em>The Wrap</em></a></s=
trong> for quality reads.</strong></p></div></td></tr></table><table=20
class=3D"divider_block block-3" width=3D"100%" border=3D"0" cellpadding=3D"=
0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso-=
table-rspace:0"><tr><td class=3D"pad" style=3D"padding-bottom:25px;padding-=
top:25px"><div class=3D"alignment" align=3D"center"><table border=3D"0" cel=
lpadding=3D"0" cellspacing=3D"0" role=3D"presentation" width=3D"100%" style=
=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"divider_inner" =
style=3D"font-size:1px;line-height:1px;border-top:1px solid #5869ff">
<span style=3D"word-break: break-word;">&#8202;</span></td></tr></table></d=
iv></td></tr></table></td></tr></tbody></table></td></tr></tbody></table><t=
able class=3D"row row-21" align=3D"center" width=3D"100%" border=3D"0" cell=
padding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-ls=
pace:0;mso-table-rspace:0"><tbody><tr><td><table class=3D"row-content stack=
" align=3D"center" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D=
"presentation"=20
style=3D"mso-table-lspace:0;mso-table-rspace:0;background-color:#fff;color:=
#000;width:600px;margin:0 auto" width=3D"600"><tbody><tr><td class=3D"colum=
n column-1" width=3D"100%" style=3D"mso-table-lspace:0;mso-table-rspace:0;f=
ont-weight:400;text-align:left;padding-left:25px;padding-right:25px;padding=
-top:5px;vertical-align:top"><table class=3D"social_block block-1" width=3D=
"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad"=20
style=3D"padding-left:10px;padding-right:10px;text-align:center"><div class=
=3D"alignment" align=3D"center"><table class=3D"social-table" width=3D"92px=
" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" st=
yle=3D"mso-table-lspace:0;mso-table-rspace:0;display:inline-block"><tr><td =
style=3D"padding:0 7px 0 7px"><a href=3D"https://link.sherwood.news/click/3=
9697937.15070987/aHR0cHM6Ly93d3cuaW5zdGFncmFtLmNvbS9zaGVyd29vZHNuYWNrcy8_dX=
RtX3NvdXJjZT1zbmFja3MmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249c25hY2tzXzIwM=
jUwNTA1JnV0bV9jb250ZW50PWIzYzlkYTg1NjAyNTkxY2RmMWY5NWFlOWI3NDY5NmM2/65c5218=
8998ecb18d1132b8fBe9120d3e" target=3D"_blank"><img src=3D"https://media.sai=
lthru.com/composer/images/sailthru-prod-7ow/instagram_snacks.png" width=3D"=
32"=20
height=3D"auto" alt=3D"Instagram" title=3D"Instagram" style=3D"display:bloc=
k;height:auto;border:0"></a></td><td style=3D"padding:0 7px 0 7px"><a href=
=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly90d2l0dGVy=
LmNvbS9zaGVyd29vZHNuYWNrcz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWlsJnV=
0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OTFjZG=
YxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fBf69e87d6" target=3D"_blank">=
<img src=3D"https://media.sailthru.com/composer/images/sailthru-prod-7ow/x_=
snacks.png" width=3D"32" height=3D"auto" alt=3D"Twitter" title=3D"Twitter" =
style=3D"display:block;height:auto;border:0"></a></td></tr></table></div></=
td></tr></table><table class=3D"image_block block-2" width=3D"100%" border=
=3D"0"=20
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tabl=
e-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"padding-top:3=
5px;width:100%;padding-right:0;padding-left:0"><div class=3D"alignment" ali=
gn=3D"center"><div style=3D"max-width:137.5px"><a href=3D"https://link.sher=
wood.news/click/39697937.15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzP3V0bV9zb3VyY=
2U9c25hY2tzJnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1=
dG1fY29udGVudD1iM2M5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18=
d1132b8fBf096c774" target=3D"_blank" style=3D"outline:none" tabindex=3D"-1"=
><img src=3D"https://media.sailthru.com/composer/images/sailthru-prod-7ow/S=
herwood-K.png"=20
style=3D"display:block;height:auto;border:0;width:100%" width=3D"137.5" alt=
=3D"Sherwood Logo" title=3D"Sherwood Logo" height=3D"auto"></a></div></div>=
</td></tr></table><table class=3D"paragraph_block block-3" width=3D"100%" b=
order=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=
=3D"mso-table-lspace:0;mso-table-rspace:0;word-break:break-word"><tr><td cl=
ass=3D"pad" style=3D"padding-bottom:10px;padding-left:60px;padding-right:60=
px;padding-top:10px"><div=20
style=3D"color:#1d1d1d;direction:ltr;font-family:'Helvetica Neue',Helvetica=
,Arial,sans-serif;font-size:9px;font-weight:400;letter-spacing:0;line-heigh=
t:1.5;text-align:center;mso-line-height-alt:14px"><p style=3D"margin:0">
Sherwood Media, LLC produces fresh and unique perspectives on topical finan=
cial news and is a fully owned subsidiary of Robinhood Markets, Inc., and a=
ny views expressed here do not necessarily reflect the views of any other R=
obinhood affiliate... <a href=3D"https://link.sherwood.news/click/39697937.=
15070987/aHR0cHM6Ly9zaGVyd29vZC5uZXdzL2Rpc2Nsb3N1cmVzLz91dG1fc291cmNlPXNuYW=
NrcyZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2Nvb=
nRlbnQ9YjNjOWRhODU2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8f=
Bf260f564" target=3D"_blank" style=3D"text-decoration: underline; color: #1=
d1d1d;" rel=3D"noopener">See more</a></p></div></td></tr></table><table cla=
ss=3D"menu_block block-4" width=3D"100%" border=3D"0"=20
cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-tabl=
e-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"color:#1d1d1d=
;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-size:9px;font=
-weight:400;padding-left:60px;padding-right:60px;text-align:center"><table =
width=3D"100%" cellpadding=3D"0" cellspacing=3D"0" border=3D"0" role=3D"pre=
sentation" style=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D=
"alignment" style=3D"text-align:center;font-size:0"><div class=3D"menu-link=
s">
<!--[if mso]><table role=3D"presentation" border=3D"0" cellpadding=3D"0" ce=
llspacing=3D"0" align=3D"center" style=3D""><tr style=3D"text-align:center;=
"><![endif]--><!--[if mso]><td style=3D"padding-top:10px;padding-right:5px;=
padding-bottom:10px;padding-left:5px"><![endif]-->
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9jZ=
G4ucm9iaW5ob29kLmNvbS9hc3NldHMvcm9iaW5ob29kL2xlZ2FsL1NoZXJ3b29kLU1lZGlhLVRl=
cm1zLWFuZC1Db25kaXRpb25zLnBkZj91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVtPWVtYWl=
sJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU2MDI1OT=
FjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fBa12fe9ea" target=3D"_bla=
nk" style=3D"mso-hide:false;padding-top:10px;padding-bottom:10px;padding-le=
ft:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-family:'He=
lvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:n=
one;letter-spacing:normal;">Sherwood Terms and Conditions</a><!--[if mso]><=
/td><![endif]--><!--[if mso]><td style=3D"padding-top:10px;padding-right:5p=
x;padding-bottom:10px;padding-left:5px"><![endif]-->
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzL2VkaXRvcmlhbC1zdGFuZGFyZHMvP3V0bV9zb3VyY2U9c25hY2tzJnV0bV9t=
ZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPXNuYWNrc18yMDI1MDUwNSZ1dG1fY29udGVudD1iM2M=
5ZGE4NTYwMjU5MWNkZjFmOTVhZTliNzQ2OTZjNg/65c52188998ecb18d1132b8fB31c682dd" =
target=3D"_blank" style=3D"mso-hide:false;padding-top:10px;padding-bottom:1=
0px;padding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;f=
ont-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;tex=
t-decoration:none;letter-spacing:normal;">Our Editorial Standards</a><!--[i=
f mso]></td><![endif]--><!--[if mso]><td style=3D"padding-top:10px;padding-=
right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a href=3D"mailto:hello@snacks.robinhood.com" target=3D"_blank" style=3D"ms=
o-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;padding-=
right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue', =
Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-spac=
ing:normal;">Contact Us</a><!--[if mso]></td><![endif]--><!--[if mso]></tr>=
</table><![endif]--></div></td></tr></table></td></tr></table><table class=
=3D"menu_block block-5" width=3D"100%"=20
border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentation" styl=
e=3D"mso-table-lspace:0;mso-table-rspace:0"><tr><td class=3D"pad" style=3D"=
color:#1d1d1d;font-family:'Helvetica Neue',Helvetica,Arial,sans-serif;font-=
size:9px;font-weight:400;padding-bottom:40px;padding-left:60px;padding-righ=
t:60px;text-align:center"><table width=3D"100%" cellpadding=3D"0" cellspaci=
ng=3D"0" border=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0;mso=
-table-rspace:0"><tr><td class=3D"alignment"=20
style=3D"text-align:center;font-size:0"><div class=3D"menu-links"><!--[if m=
so]><table role=3D"presentation" border=3D"0" cellpadding=3D"0" cellspacing=
=3D"0" align=3D"center" style=3D""><tr style=3D"text-align:center;"><![endi=
f]--><!--[if mso]><td style=3D"padding-top:10px;padding-right:5px;padding-b=
ottom:10px;padding-left:5px"><![endif]-->
<a href=3D"mailto:advertising@sherwoodmedia.com" target=3D"_blank" style=3D=
"mso-hide:false;padding-top:10px;padding-bottom:10px;padding-left:5px;paddi=
ng-right:5px;display:inline-block;color:#1d1d1d;font-family:'Helvetica Neue=
', Helvetica, Arial, sans-serif;font-size:9px;text-decoration:none;letter-s=
pacing:normal;">Advertise With Us</a><!--[if mso]></td><![endif]--><!--[if =
mso]><td style=3D"padding-top:10px;padding-right:5px;padding-bottom:10px;pa=
dding-left:5px"><![endif]-->
<a href=3D"https://link.sherwood.news/oc/65c52188998ecb18d1132b8fnmv4h.8z0u=
j/c660149c" target=3D"_blank" style=3D"mso-hide:false;padding-top:10px;padd=
ing-bottom:10px;padding-left:5px;padding-right:5px;display:inline-block;col=
or:#1d1d1d;font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-=
size:9px;text-decoration:none;letter-spacing:normal;">Unsubscribe</a><!--[i=
f mso]></td><![endif]--><!--[if mso]><td style=3D"padding-top:10px;padding-=
right:5px;padding-bottom:10px;padding-left:5px"><![endif]-->
<a href=3D"https://link.sherwood.news/click/39697937.15070987/aHR0cHM6Ly9za=
GVyd29vZC5uZXdzL3ByaXZhY3ktbm90aWNlLz91dG1fc291cmNlPXNuYWNrcyZ1dG1fbWVkaXVt=
PWVtYWlsJnV0bV9jYW1wYWlnbj1zbmFja3NfMjAyNTA1MDUmdXRtX2NvbnRlbnQ9YjNjOWRhODU=
2MDI1OTFjZGYxZjk1YWU5Yjc0Njk2YzY/65c52188998ecb18d1132b8fB17311930" target=
=3D"_blank" style=3D"mso-hide:false;padding-top:10px;padding-bottom:10px;pa=
dding-left:5px;padding-right:5px;display:inline-block;color:#1d1d1d;font-fa=
mily:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:9px;text-deco=
ration:none;letter-spacing:normal;">Privacy Policy</a><!--[if mso]></td><![=
endif]--><!--[if mso]></tr></table><![endif]--></div></td></tr></table></td=
></tr></table></td></tr></tbody></table></td></tr></tbody>
</table></td></tr></tbody></table><!-- End --></body></html>
------=_Part_40226185_1038804033.1746444547734--
