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Subject: Peacock Problems, Hailey vs. Selena & LVMH Dominoes
From: Jon Kelly <jon@puck.news>
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Feb 01, 2025
The Backstory ( https://puck.news/newsletters/the-backstory/?utm_campaign=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEA=
DS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_=
term=3Df6c60615e3d301d48d28 )
PREVIEW VERSION
PREVIEW VERSION
Start
a free 14-day trial ( https://puck.news/join/?utm_campaign=3DThe+Backstory+=
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d301d48d28 )=C2=A0to unlock unlimited access to Puck.
=E2=80=8A
Jon Kelly
Jon Kelly
Good morning,
=C2=A0
Thanks for reading The Backstory, your weekend capsule of the best new work=
at Puck.=C2=A0=C2=A0
=C2=A0
It was another memorable week: Matt Belloni presaged Brian Roberts=E2=80=99=
s looming Peacock decision; Eriq Gardner chronicled a nightmare Hollywood b=
reakup; Lauren Sherman identified the premier challenge for LVMH in =E2=80=
=9925;
Rachel Strugatz got her hands on Rhode=E2=80=99s Q4 numbers; Sarah Shapiro =
explored a Larroud=C3=A9 awakening; Dylan Byers surveyed the D.C. media cir=
cus after a full week of Trump 2.0; Bill Cohan interrogated the Nvidia mark=
et pseudo-panic; John Ourand assessed ESPN=E2=80=99s latest sports rights d=
eal; Marion Maneker combed through Sotheby=E2=80=99s finances; and Julie Da=
vich chatted up a
top art entrepreneur. Meanwhile, Leigh Ann Caldwell ran the numbers on the =
O.M.B. freeze while Peter Hamby captured the silence of the Dems; Tara Palm=
eri measured the panic level on K Street; and John Heilemann canvassed Jen =
Palmieri for her assessment of Trump=E2=80=99s first days back in the Oval.=
=C2=A0
Check out these stories, and others, via the links below. And stick around =
for the backstory on how it
all came together.
START A FREE 14-DAY TRIAL ( https://puck.news/join/?utm_campaign=3DThe+Back=
story+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1=
%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c6=
0615e3d301d48d28 )
FASHION
FASHION
Lauren Sherman
portrays ( https://puck.news/we-need-to-talk-about-lvmh/?utm_campaign=3DThe=
+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%28=
2%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=
=3Df6c60615e3d301d48d28 ) LVMH at a crossroads, and reports ( https://puck.=
news/a-new-york-story-fit-for-new-york/?utm_campaign=3DThe+Backstory+-+LEAD=
S+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm=
_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d4=
8d28 ) from New York=E2=80=99s picket lines.
and=E2=80=A6
Rachel Strugatz
previews ( https://puck.news/rhode-rides-into-sephora/?utm_campaign=3DThe+B=
ackstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%=
2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df=
6c60615e3d301d48d28 ) the Sephora wars between Hailey Bieber and Selena Gom=
ez.
meanwhile=E2=80=A6
Sarah Shapiro chats ( https://puck.news/larroudes-innovative-approach-to-se=
lling-shoes/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_cont=
ent=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_=
source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) with the Larroud=C3=
=A9s, and
covers ( https://puck.news/the-week-in-retail-trends-is-there-a-mar-a-lago-=
effect/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the week in shopping.
=E2=80=8A
ART MARKET
ART MARKET
Marion Maneker
inspects ( https://puck.news/sothebys-billion-dollar-real-estate-play/?utm_=
campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backsto=
ry+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer=
=2Eio&utm_term=3Df6c60615e3d301d48d28=
) Sotheby=E2=80=99s real estate play an=
d conveys ( https://puck.news/assessing-giorgio-morandis-market/?utm_campai=
gn=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+L=
EADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&ut=
m_term=3Df6c60615e3d301d48d28 ) the nuances of the Morandi market.
and=E2=80=A6
Julie Davich
explains ( https://puck.news/a-louise-nevelson-revival-new-yorks-winter-art=
-shows/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the Nevelson momentum, =
offers a gallery tour, and goes deep ( https://puck.news/the-twelve-million=
-stradivarius-violin-for-sale-at-sothebys-auction/?utm_campaign=3DThe+Backs=
tory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%=
2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60=
615e3d301d48d28 ) on a $12 million Stradivarius.
=E2=80=8A
HOLLYWOOD
HOLLYWOOD
Matt Belloni
crunches ( https://puck.news/peacock-is-still-losing-money-what-should-comc=
ast-do/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the latest Netflix numb=
ers and warns of Peacock=E2=80=99s potential outcomes.
and=E2=80=A6
Eriq Gardner has the skinny ( https://puck.news/phillies-owner-ordered-to-s=
ell-mansion-to-cover-unpaid-bill/?utm_campaign=3DThe+Backstory+-+LEADS+%282=
%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_mediu=
m=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )=
on one of
the entertainment industry=E2=80=99s most notorious lawsuits.
=E2=80=8A
WALL STREET
WALL STREET
Bill Cohan
envisions ( https://puck.news/investment-banking-in-the-age-of-ai/?utm_camp=
aign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-=
+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&=
utm_term=3Df6c60615e3d301d48d28 ) banking in the age of A.I. and details ( =
https://puck.news/is-wall-street-right-to-panic-over-deepseek/?utm_campaign=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEA=
DS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_=
term=3Df6c60615e3d301d48d28 ) the Nvidia stock hiccup.
=E2=80=8A
MEDIA
MEDIA
Dylan Byers
uncovers ( https://puck.news/notes-on-karoline-leavitts-first-brady-room-br=
iefing/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the latest problems at =
Politico.
and=E2=80=A6
John Ourand investigates ( https://puck.news/espns-acc-deal-and-the-college=
-sports-have-nots/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&ut=
m_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_actio=
n&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) ESPN=E2=80=99s=
sweetheart ACC deal.
=E2=80=8A
WASHINGTON
WASHINGTON
Leigh Ann Caldwell
reveals ( https://puck.news/has-donald-trump-found-the-limits-of-executive-=
power/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3D=
The+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=
=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) what Democrats and Republi=
cans are really whispering about the president on the Hill.
and=E2=80=A6
Tara Palmeri recounts ( https://puck.news/an-inside-look-at-trumps-48-hour-=
omb-crisis/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_conte=
nt=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_s=
ource=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )
how the O.M.B. mess played out on K Street.
and=E2=80=A6
Peter Hamby hunts ( https://puck.news/democrats-are-struggling-to-find-a-me=
ssage-against-trump/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&=
utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_act=
ion&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) for profiles=
in courage on the left.
=E2=80=8A
PODCASTS
PODCASTS
=F0=9F=8E=A7 Dylan
welcomes ( https://puck.news/podcast_episode/amusing-ourselves-to-death/?ut=
m_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backs=
tory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustom=
er.io&utm_term=3Df6c60615e3d301d48d28 ) MSNBC=E2=80=99s Chris Hayes to The =
Grill Room.
and=E2=80=A6
Fox and NFL Network analyst Peter Schrager joins ( https://puck.news/podcas=
t_episode/the-nfls-streaming-playbook/?utm_campaign=3DThe+Backstory+-+LEADS=
+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_=
medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48=
d28 ) Ourand on
The Varsity.
and=E2=80=A6
John Heilemann and former White House comms director Jen Palmieri swap ( ht=
tps://puck.news/podcast_episode/jennifer-palmieri-deja-vu-all-over-again/?u=
tm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Back=
story+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcusto=
mer.io&utm_term=3Df6c60615e3d301d48d28 ) Trump II notes on Impolitic.
and=E2=80=A6
Irving Azoff, the music industry legend, discusses ( https://puck.news/podc=
ast_episode/irving-azoff-on-his-a-list-l-a-fireaid-concert-and-six-decades-=
in-the-music-business/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%2=
9&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_a=
ction&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) his FireAi=
d concert with Matt on The Town.
and=E2=80=A6
Tara
evaluates ( https://puck.news/podcast_episode/is-trump-an-open-wallet-for-f=
oreign-actors-with-kevin-cirilli-and-natalie-brunell/?utm_campaign=3DThe+Ba=
ckstory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2=
F1%2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6=
c60615e3d301d48d28 ) the viability of the $TRUMP memecoin on Somebody=E2=80=
=99s Gotta Win.
and=E2=80=A6
Lauren and the Times=E2=80=99s Jacob Gallagher
reunite ( https://puck.news/podcast_episode/drama-at-dior-a-bally-appreciat=
ion-screed/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_conte=
nt=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_s=
ource=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) on Fashion People.
and=E2=80=A6
Eriq and Peter wade into ( https://puck.news/podcast_episode/trumps-law-dis=
order/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=3D=
The+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_source=
=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) the administration=E2=80=
=99s new flood of legal developments on The Powers That Be.
As a reminder, you can update your profile at any time to get more stories =
like these directly in your
inbox. Click here ( https://puck.news/newsletters/?utm_campaign=3DThe+Backs=
tory+-+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%=
2F25%29&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60=
615e3d301d48d28 ) to customize your email settings.
=E2=80=8A
Slowly, Then
All at Once
------------
Years ago, a mentor of mine took the time to extemporize about the theory o=
f
punctuated equilibrium, the concept in evolutionary biology (and since appl=
ied to politics and economics) that progress rarely occurs gradually, as we=
expect, or hope, but rather in cacophonous fits and starts.=C2=A0
=C2=A0
Indeed, industries don=E2=80=99t really evolve in a piecemeal manner. Inste=
ad, there=E2=80=99s an awakening or disruptive technology=E2=80=94the print=
ing press, the Renaissance, the cotton
gin, Ford=E2=80=99s assembly line, the iPhone, Obama, Trump, ChatGPT=E2=80=
=94that catapults the culture forward, inevitably causing a series of rever=
berations. As Shakespeare knew well, there=E2=80=99s almost always an incit=
ing event that provokes the drama=E2=80=94or the markets=E2=80=94into actio=
n. That=E2=80=99s a truth we hold to be self-evident, and one of the many r=
easons we=E2=80=99ve derived our name from the bard. (For those just tuning=
in, Puck is named after the mirthful narrating fairy in
A Midsummer Night=E2=80=99s Dream.) Anyway, without getting unnecessarily p=
hilosophical, the conversation crossed my mind amid a week replete with so =
many gyrations, oscillations, and conflagrations, from Silicon Valley to Wa=
shington, D.C.
=C2=A0
In her extraordinary debut at Puck, my newest partner, Leigh Ann Caldwell, =
delivered a pair of showstopping dispatches from
Trump=E2=80=99s Washington that captured the nonstop whiplash of, well, so =
many aspects of his dervish=E2=80=94the reversed O.M.B. freeze, the elongat=
ed nomination battle royales, and the attendant anxieties and animosities o=
f both his supplicants and foes on Capitol Hill. If you really want a flavo=
r of what=E2=80=99s going on in the nation=E2=80=99s capital, I=E2=80=99d s=
uggest devouring Leigh Ann=E2=80=99s two masterstrokes,
The Week & The Damned ( https://puck.news/trumps-2-first-intra-gop-battle-o=
ne-bill-or-two/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_c=
ontent=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&u=
tm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ) and Endless Execu=
tive Time ( https://puck.news/has-donald-trump-found-the-limits-of-executiv=
e-power/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ). For his part, Dylan By=
ers elegantly captured the new and utterly bizarre machinations and jolts i=
nside the Brady Briefing Room and D.C. media
scene in his latest joint, Boiler Room ( https://puck.news/notes-on-karolin=
e-leavitts-first-brady-room-briefing/?utm_campaign=3DThe+Backstory+-+LEADS+=
%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_m=
edium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d=
28 ).
=C2=A0
Obviously, it=E2=80=99s not just politics that=E2=80=99s on the fritz. In S=
ex, Lies & Nvidia ( https://puck.news/is-wall-street-right-to-panic-over-de=
epseek/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_content=
=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Demail_action&utm_sou=
rce=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ), Bill
Cohan dispassionately examined the chipmaker=E2=80=99s massive sell-off, th=
e most potent expression of a panic that swept Silicon Valley and Wall Stre=
et alike. As Bill put it, =E2=80=9COne faithful Wall Street eminence, a lus=
ty contrarian, wrote to me on Monday that his =E2=80=98decades=E2=80=99 of =
market experience had led him to the conclusion that =E2=80=98stocks have t=
heir sharpest drops from their highest peaks when all see only upside.=E2=
=80=99 I=E2=80=99d say we experienced a healthy dose of reality on Monday. =
I think we have a few
more doses to take before we=E2=80=99re done here, even if in the longer ru=
n, owning stocks=E2=80=94at least over the past 45 years or so=E2=80=94has =
proved to be a major wealth generator.=E2=80=9D Punctuated equilibrium, ind=
eed.=C2=A0
=C2=A0
The peerless Matt Belloni captured the same phenomenon in his fabulous stor=
y Kabletown at a Krossroads ( https://puck.news/peacock-is-still-losing-mon=
ey-what-should-comcast-do/?utm_campaign=3DThe+Backstory+-+LEADS+%282%2F1%2F=
25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_medium=3Dema=
il_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 ), which=
juxtaposed Netflix=E2=80=99s boffo earnings and seemingly irreversible asc=
ent with Peacock=E2=80=99s latest losses and continued uncertainty. As we m=
ove into an era when so many streamers have pivoted toward profitability, P=
eacock is stuck deep in the red=E2=80=94a $372 million loss in the last qua=
rter, to be precise=E2=80=94and approaching decision time. =E2=80=9CSo that=
leads to the inevitable M&A discussion that has consumed Hollywood for the=
past few years,=E2=80=9D
Matt noted. =E2=80=9CWe all know that Warner Bros. Discovery C.E.O. David Z=
aslav wants a transformational deal.=E2=80=9D But do Comcast=E2=80=99s Bria=
n Roberts and Mike Cavanagh? =E2=80=9CThat=E2=80=99s been the open question=
, and the triple-whammy of broadband weakness, the cable TV spinoff, and th=
e issues at Peacock suggest the right time may be approaching.=E2=80=9D=C2=
=A0
=C2=A0
But if you have time to read
only one piece this weekend, and perhaps you=E2=80=99re pining for some dis=
tance from the domestic landscape, I=E2=80=99d turn your attention to Laure=
n Sherman=E2=80=99s newest release from her ever-satisfying oeuvre on Europ=
e=E2=80=99s largest conglomerate, We Need to Talk About LVMH ( https://puck=
=2Enews/we-need-to-talk-about-lvmh/?ut=
m_campaign=3DThe+Backstory+-+LEADS+%282=
%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%29&utm_mediu=
m=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d301d48d28 )=
, which is exclusive to our Inner Circle members. (Upgrade your subscriptio=
n
here ( https://puck.news/my-account/billing/?utm_campaign=3DThe+Backstory+-=
+LEADS+%282%2F1%2F25%29&utm_content=3DThe+Backstory+-+LEADS+%282%2F1%2F25%2=
9&utm_medium=3Demail_action&utm_source=3Dcustomer.io&utm_term=3Df6c60615e3d=
301d48d28 ), if you haven=E2=80=99t already.)
=C2=A0
LVMH, after all, is a company steeped in history and yet also ruthlessly at=
tempting to maintain its moat by shuffling its portfolio=E2=80=94divesting =
smaller entities while focusing on its largest brands, and rearranging crea=
tive executives and operators in the process, all while sorting through the
real-time management of succession planning. Its maneuvers, complex and oft=
en vague, are the latest evidence that progress rarely happens gradually bu=
t rather, as Hemingway said about bankruptcy, slowly and then seemingly all=
at once. It=E2=80=99s a leitmotif of our culture, and something you=E2=80=
=99ll always see reflected in Puck.
=E2=80=8A
Have a great weekend,
Jon
Start your free trial today ( https://puck.news/join/?utm_campaign=3DThe+Ba=
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=E2=80=8A
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your weekend capsule of the best new work at Puck. It was another memorabl=
e week: Matt Belloni presaged Brian Roberts=E2=80=99s looming Peacock decis=
ion; Eriq Gardner chronicled a nightmare Hollywood breakup; Lauren Sherman =
identified the premier challenge for LVMH in =E2=80=9925.</div>
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9;Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-height:=
150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;marg=
in-bottom:0px;">Good morning,</p><p style=3D"margin:0;margin-bottom:0px;">=
=C2=A0</p><p style=3D"margin:0;margin-bottom:0px;">Thanks for reading The B=
ackstory, your weekend capsule of the best new work at Puck.=C2=A0=C2=A0</p=
><p style=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;">=
It was another memorable week: <strong>Matt Belloni</strong> presaged <stro=
ng>Brian Roberts</strong>=E2=80=99s looming Peacock decision; <strong>Eriq =
Gardner</strong> chronicled a nightmare Hollywood breakup; <strong>Lauren S=
herman </strong>identified the premier challenge for LVMH in =E2=80=9925;
<strong>Rachel Strugatz </strong>got her hands on Rhode=E2=80=99s Q4 number=
s; <strong>Sarah Shapiro </strong>explored a Larroud=C3=A9 awakening; <stro=
ng>Dylan Byers </strong>surveyed the D.C. media circus after a full week of=
<strong>Trump</strong> 2.0; <strong>Bill Cohan </strong>interrogated the N=
vidia market pseudo-panic; <strong>John Ourand </strong>assessed ESPN=E2=80=
=99s latest sports rights deal; <strong>Marion Maneker </strong>combed thro=
ugh Sotheby=E2=80=99s finances; and <strong>Julie Davich </strong>chatted u=
p a
top art entrepreneur. Meanwhile, <strong>Leigh Ann Caldwell </strong>ran th=
e numbers on the O.M.B. freeze while <strong>Peter Hamby</strong> captured =
the silence of the Dems; <strong>Tara Palmeri </strong>measured the panic l=
evel on K Street; and <strong>John Heilemann </strong>canvassed <strong>Jen=
Palmieri</strong> for her assessment of Trump=E2=80=99s first days back in=
the Oval.=C2=A0</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"u" align=3D"center" width=3D"100%" border=3D"0" cellpadding=
=3D"0" cellspacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0p=
t;mso-table-rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;vertical-align:top;border-to=
p:0px;border-right:0px;border-bottom:0px;border-left:0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;"><div style=
=3D"color:#000000;direction:ltr;font-family:'Inter','Arial'=
;font-size:17px;font-weight:400;letter-spacing:0px;line-height:150%;text-al=
ign:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;"><em>Check out =
these stories, and others, via the links below. And stick around for the ba=
ckstory on how it
all came together.</em></p></div>
</td></tr></tbody></table>
<table class=3D"g oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspa=
cing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rs=
pace:0pt;"><tbody><tr><td style=3D"padding-bottom:22px;text-align:center;">=
<div class=3D"r" align=3D"center"><a href=3D"https://email.puck.news/e/c/ey=
JlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJoc=
mVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvam9pbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3Rvcnkr=
LStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSs=
tK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MD=
AyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0O=
GQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo1NTg2Nzl9=
/3b4fb088f324756e55cefbdaaa1dbb91b4c37d4b02c5bf4430b81e66b6e7089b" target=
=3D"_blank" style=3D"background-color:#d40000;border-bottom:2px solid #d400=
00;border-left:2px solid #d40000;border-radius:4px;border-right:2px solid #=
d40000;border-top:2px solid #d40000;color:#ffffff;display:block;font-family=
:'Inter','Arial';font-size:14px;font-weight:700;mso-border-=
alt:none;padding-bottom:8px;padding-top:8px;text-align:center;text-decorati=
on:none;width:60%;word-break:keep-all;"><span style=3D"word-break:break-wor=
d;padding-left:20px;padding-right:20px;font-size:14px;display:inline-block;=
letter-spacing:normal;"><span style=3D"word-break:break-word;line-height:28=
px;">START A FREE 14-DAY TRIAL</span></span></a></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:22px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;text-a=
lign:left;line-height:0;"><tbody><tr><td style=3D"vertical-align:middle;col=
or:#000;font-family:'PuckSerifDisplay','Georgia';font-size:=
20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"FASHION" src=3D"https://userimg-assets.c=
ustomeriomail.com/images/client-env-107382/1729520868807_tbs-icon-fashion_0=
1JAQQM7F4X1VMN1QPH2NRBDZ8.png" height=3D"auto" width=3D"48" align=3D"center=
" style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">FASHION
</td></tr></tbody></table>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;word-break:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;=
padding-top:16px;"><div style=3D"color:#000000;direction:ltr;font-family:&#=
39;Inter','Arial';font-size:17px;font-weight:400;letter-spacing=
:0px;line-height:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=
=3D"margin:0;margin-bottom:16px;"><strong>Lauren Sherman
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3Mvd2UtbmVlZC10by10YWxrLWFib3V0LWx2bWgvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b=
3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3Rv=
cnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25=
cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMD=
FkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA2N=
TA1MH0/a84ac2e1c6aea9bf2c167ec9f40460b10fd401392354f9b785ef9cf5c9bc8df6" st=
yle=3D"text-decoration:underline;color:#d40000;">portrays</a> LVMH at a cro=
ssroads, and <a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ=
4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdW=
NrLm5ld3MvYS1uZXcteW9yay1zdG9yeS1maXQtZm9yLW5ldy15b3JrLz91dG1fY2FtcGFpZ249V=
GhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1U=
aGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1=
haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2Yz=
YwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpb=
mtfaWQiOjIwNjU3Mjh9/2d41c5cc3ff1324a7d8462f17f961cfa5e051514f7c175d66007c98=
4d08cf759" style=3D"text-decoration:underline;color:#d40000;">reports</a> f=
rom <em>New York</em>=E2=80=99s picket lines.</p><p style=3D"margin:0;margi=
n-bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;margin-bottom=
:16px;"><strong>Rachel Strugatz
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvcmhvZGUtcmlkZXMtaW50by1zZXBob3JhLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9ye=
SstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5=
Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHU=
wMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZD=
Q4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIwNjQ0N=
zN9/bff4d4f17220d8ffb138377c8706fd6c17c40a784ffbbd4ca1a17f97e9ad2819" style=
=3D"text-decoration:underline;color:#d40000;">previews</a> the Sephora wars=
between <strong>Hailey Bieber </strong>and <strong>Selena Gomez</strong>.<=
/p><p style=3D"margin:0;margin-bottom:16px;"><em>meanwhile=E2=80=A6</em></p=
><p style=3D"margin:0;"><strong>Sarah Shapiro </strong><a href=3D"https://e=
mail.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1Za=
WmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvbGFycm91ZGVzLWlubm92YXR=
pdmUtYXBwcm9hY2gtdG8tc2VsbGluZy1zaG9lcy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3Rvcn=
krLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9ye=
SstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1=
MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ=
0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0Mz=
YxfQ/e4be5880b72442adef8d9726bfc313f95c23739fe3d5968d1b62d916d8d7d4cc" styl=
e=3D"text-decoration:underline;color:#d40000;">chats</a> with the Larroud=
=C3=A9s, and
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdGh=
lLXdlZWstaW4tcmV0YWlsLXRyZW5kcy1pcy10aGVyZS1hLW1hci1hLWxhZ28tZWZmZWN0Lz91dG=
1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1d=
G1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0=
bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV=
0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMW=
Q0OGQyOCIsImxpbmtfaWQiOjIwNjYxNTh9/9193a21f34aa24359d49318cbaa570bd8711a5cf=
5db6dedf1113c4cd526b4f6a" style=3D"text-decoration:underline;color:#d40000;=
">covers</a> the week in shopping.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"ART MARKET" src=3D"https://userimg-asset=
s.customeriomail.com/images/client-env-107382/1729520868285_tbs-icon-art_01=
JAQQM732KCZHXS8XJBMTGS8Y.png" height=3D"auto" width=3D"48" align=3D"center"=
style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">ART MARKET
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
margin-bottom:16px;"><strong>Marion Maneker</strong>
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvc29=
0aGVieXMtYmlsbGlvbi1kb2xsYXItcmVhbC1lc3RhdGUtcGxheS8_dXRtX2NhbXBhaWduPVRoZS=
tCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK=
0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWls=
X2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDY=
xNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2=
lkIjoyMDU4ODc1fQ/280968afeb59f59dcfee3b969c8e7dd0f498e0703bd1c149dbf62546c7=
2edcb6" style=3D"text-decoration:underline;color:#d40000;">inspects</a> Sot=
heby=E2=80=99s real estate play and <a href=3D"https://email.puck.news/e/c/=
eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJ=
ocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvYXNzZXNzaW5nLWdpb3JnaW8tbW9yYW5kaXMtbWFya2=
V0Lz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcd=
TAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1=
MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x=
1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNW=
UzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIwNjM0OTN9/200c11ab65dfa8268af9629541edd511=
7c5db713455a07d70ce13b2cac074880" style=3D"text-decoration:underline;color:=
#d40000;">conveys</a> the nuances of the <strong>Morandi </strong>market.</=
p><p style=3D"margin:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p sty=
le=3D"margin:0;"><strong>Julie Davich
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvYS1sb3Vpc2UtbmV2ZWxzb24tcmV2aXZhbC1uZXcteW9ya3Mtd2ludGVyLWFydC1zaG93c=
y8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTA=
wMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDU3OTQ1fQ/0edc8a571393113e9a7bdc8462ffe9974=
08e563f48b2be6ca7a041b6f6cf281d" style=3D"text-decoration:underline;color:#=
d40000;">explains</a> the <strong>Nevelson </strong>momentum, offers a gall=
ery tour, and <a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVD=
J4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wd=
WNrLm5ld3MvdGhlLXR3ZWx2ZS1taWxsaW9uLXN0cmFkaXZhcml1cy12aW9saW4tZm9yLXNhbGUt=
YXQtc290aGVieXMtYXVjdGlvbi8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUys=
lMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKy=
UyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb=
3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImlu=
dGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY1ODYzfQ/a674a57c=
e3d3f07a154e9f334ca9e3842949b54549c96592a2f16d1761e7a695" style=3D"text-dec=
oration:underline;color:#d40000;">goes deep</a> on a $12 million Stradivari=
us.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"HOLLYWOOD" src=3D"https://userimg-assets=
=2Ecustomeriomail.com/images/client-env=
-107382/1729520869111_tbs-icon-hollywo=
od_01JAQQM7RNJPAHAYAT4JVP2FGA.png" height=3D"auto" width=3D"48" align=3D"ce=
nter" style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">HOLLYWOOD
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
margin-bottom:16px;"><strong>Matt Belloni
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvcGVhY29jay1pcy1zdGlsbC1sb3NpbmctbW9uZXktd2hhdC1zaG91bGQtY29tY2FzdC1kb=
y8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTA=
wMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY1NDg2fQ/e71c69498d98b67628d29628853f94b48=
68effc00f0e4fb98e166c17b3a95291" style=3D"text-decoration:underline;color:#=
d40000;">crunches</a> the latest Netflix numbers and warns of Peacock=E2=80=
=99s potential outcomes.</p><p style=3D"margin:0;margin-bottom:16px;"><em>a=
nd=E2=80=A6</em></p><p style=3D"margin:0;"><strong>Eriq Gardner </strong>ha=
s the <a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU=
5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld=
3MvcGhpbGxpZXMtb3duZXItb3JkZXJlZC10by1zZWxsLW1hbnNpb24tdG8tY292ZXItdW5wYWlk=
LWJpbGwvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSU=
yOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JT=
I5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyL=
mlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYw=
NjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA2NDM2MH0/f8c94c1c84011c99558eaed3d26=
ef5381964157ffa818192ad0be7e3814eb4c3" style=3D"text-decoration:underline;c=
olor:#d40000;">skinny</a> on one of
the entertainment industry=E2=80=99s most notorious lawsuits.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"WALL STREET" src=3D"https://userimg-asse=
ts.customeriomail.com/images/client-env-107382/1729520870551_tbs-icon-wall-=
street_01JAQQM95KYVHSVTE1SADVAXTS.png" height=3D"auto" width=3D"48" align=
=3D"center" style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">WALL STREET
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
"><strong>Bill Cohan
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvaW52ZXN0bWVudC1iYW5raW5nLWluLXRoZS1hZ2Utb2YtYWkvP3V0bV9jYW1wYWlnbj1Ua=
GUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRo=
ZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWF=
pbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNj=
A2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua=
19pZCI6MjA1OTIxM30/d3ce9506ed54a836344b34d7f76a884c7909b2bdaf23fb26a479c432=
fef96d3f" style=3D"text-decoration:underline;color:#d40000;">envisions</a> =
banking in the age of A.I. and <a href=3D"https://email.puck.news/e/c/eyJlb=
WFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVm=
IjoiaHR0cHM6Ly9wdWNrLm5ld3MvaXMtd2FsbC1zdHJlZXQtcmlnaHQtdG8tcGFuaWMtb3Zlci1=
kZWVwc2Vlay8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRj=
I1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGM=
jUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9t=
ZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZ=
jNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0NjI5fQ/582cbfd828fefef28c5556a=
f9e4df74978ef835255295e16c17ab741317ccac2" style=3D"text-decoration:underli=
ne;color:#d40000;">details</a> the Nvidia stock hiccup.</p></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"MEDIA" src=3D"https://userimg-assets.cus=
tomeriomail.com/images/client-env-107382/1729520869437_tbs-icon-media_01JAQ=
QM82TC2CJD5T3P72A68MN.png" height=3D"auto" width=3D"48" align=3D"center" st=
yle=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">MEDIA
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
margin-bottom:16px;"><strong>Dylan Byers
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3Mvbm90ZXMtb24ta2Fyb2xpbmUtbGVhdml0dHMtZmlyc3QtYnJhZHktcm9vbS1icmllZmluZ=
y8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTA=
wMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0Njk1fQ/0320bb82aaaf6eab3698cd1f24b6fe2ca=
59790cf600f296c9f85ca4c4d807ade" style=3D"text-decoration:underline;color:#=
d40000;">uncovers</a> the latest problems at Politico.</p><p style=3D"margi=
n:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;"><s=
trong>John Ourand </strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpb=
F9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoi=
aHR0cHM6Ly9wdWNrLm5ld3MvZXNwbnMtYWNjLWRlYWwtYW5kLXRoZS1jb2xsZWdlLXNwb3J0cy1=
oYXZlLW5vdHMvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMk=
YyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyR=
jI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3Rv=
bWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY=
2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA2NTM3M30/8b74e18e7edb51c6c763f1=
70aeae7842621b709c678538bdb207c9d87d302e3c" style=3D"text-decoration:underl=
ine;color:#d40000;">investigates</a> ESPN=E2=80=99s sweetheart ACC deal.</p=
></div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"WASHINGTON" src=3D"https://userimg-asset=
s.customeriomail.com/images/client-env-107382/1729520870794_tbs-icon-washin=
gton_01JAQQM9D691XMPJRQ226EDXSM.png" height=3D"auto" width=3D"48" align=3D"=
center" style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">WASHINGTON
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
margin-bottom:16px;"><strong>Leigh Ann Caldwell
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvaGFzLWRvbmFsZC10cnVtcC1mb3VuZC10aGUtbGltaXRzLW9mLWV4ZWN1dGl2ZS1wb3dlc=
i8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUw=
MDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTA=
wMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdT=
AwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM=
2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0NzM4fQ/96f86b8a896213ec4d99b3e8aa21067b7=
bad4471df128d7f30fc1e0bcd61387d" style=3D"text-decoration:underline;color:#=
d40000;">reveals</a> what Democrats and Republicans are really whispering a=
bout the president on the Hill.</p><p style=3D"margin:0;margin-bottom:16px;=
"><em>and=E2=80=A6</em></p><p style=3D"margin:0;margin-bottom:16px;"><stron=
g>Tara Palmeri </strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9p=
ZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR=
0cHM6Ly9wdWNrLm5ld3MvYW4taW5zaWRlLWxvb2stYXQtdHJ1bXBzLTQ4LWhvdXItb21iLWNyaX=
Npcy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5X=
HUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlc=
dTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9=
cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MT=
VlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY1MzE0fQ/b6826433793c39af4e5b19f47a422f=
fc646952d021f2c8c16a4827e16c7dd472" style=3D"text-decoration:underline;colo=
r:#d40000;">recounts</a>
how the O.M.B. mess played out on K Street.</p><p style=3D"margin:0;margin-=
bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;"><strong>Peter=
Hamby</strong> <a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRn=
VDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9=
wdWNrLm5ld3MvZGVtb2NyYXRzLWFyZS1zdHJ1Z2dsaW5nLXRvLWZpbmQtYS1tZXNzYWdlLWFnYW=
luc3QtdHJ1bXAvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElM=
kYyNSUyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUy=
RjI1JTI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3R=
vbWVyLmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6Im=
Y2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA2MTA5N30/34e26cce8182b25baeb3e=
3867de03bdfff0da98503efa3e3551af5f0720d624a" style=3D"text-decoration:under=
line;color:#d40000;">hunts</a> for profiles in courage on the left.</p></di=
v>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-bottom:16px;padding-left:24px;padding-right:24px;padding-=
top:32px;vertical-align:top;border-top:0px;border-right:0px;
border-bottom:0px;border-left:0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:16px;"><div class=3D"r" align=3D"center"=
>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"100%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"font-size:1px;line-height:1px;border-top:1px solid #000=
;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;text-align:left;line-height:0;"><tbody><tr><td style=3D"vertical-ali=
gn:middle;color:#000;font-family:'PuckSerifDisplay','Georgia=
9;;font-size:20px;font-weight:700;text-align:left;">
<table class=3D"b" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;displ=
ay:inline-block;padding-left:0px;padding-right:0px;" cellpadding=3D"0" cell=
spacing=3D"0" role=3D"presentation"><tbody><tr><td style=3D"vertical-align:=
middle;text-align:center;padding-top:0px;padding-bottom:0px;padding-left:0p=
x;padding-right:12px;"><img alt=3D"PODCASTS" src=3D"https://userimg-assets.=
customeriomail.com/images/client-env-107382/1729520869698_tbs-icon-podcasts=
_01JAQQM8AY9NH956YXMPQWX3NY.png" height=3D"auto" width=3D"48" align=3D"cent=
er" style=3D"display:block;height:auto;margin:0 auto;border:0;"/>
</td><td style=3D"font-family:'PuckSerifDisplay','Georgia';=
font-size:20px;font-weight:700;color:#000;vertical-align:middle;letter-spac=
ing:undefined;text-align:left;line-height:normal;">PODCASTS
</td></tr></tbody></table>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:16px;padding-top:1=
6px;"><div style=3D"color:#000000;direction:ltr;font-family:'Inter'=
,'Arial';font-size:17px;font-weight:400;letter-spacing:0px;line-hei=
ght:150%;text-align:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;=
margin-bottom:16px;"><strong>=F0=9F=8E=A7 </strong>Dylan
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9=
kY2FzdF9lcGlzb2RlL2FtdXNpbmctb3Vyc2VsdmVzLXRvLWRlYXRoLz91dG1fY2FtcGFpZ249VG=
hlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1Ua=
GUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1h=
aWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbm=
tfaWQiOjIwNjU3MzB9/2e096010b3ca39ffb4a9b288bb985c60a60575133c16a720bbe77c38=
7a53851b" style=3D"text-decoration:underline;color:#d40000;">welcomes</a> M=
SNBC=E2=80=99s <strong>Chris Hayes </strong>to <em>The Grill Room</em>.</p>=
<p style=3D"margin:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p style=
=3D"margin:0;margin-bottom:16px;">Fox and NFL Network analyst <strong>Peter=
Schrager </strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6I=
mRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6=
Ly9wdWNrLm5ld3MvcG9kY2FzdF9lcGlzb2RlL3RoZS1uZmxzLXN0cmVhbWluZy1wbGF5Ym9vay8=
_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMD=
I2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwM=
jZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAw=
MjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2Q=
zMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0MzY0fQ/0132fd6f58d87a558941cd29d5c12116965=
89c4f127c0de1070ff16e3d73ed2e" style=3D"text-decoration:underline;color:#d4=
0000;">joins</a> Ourand on
<em>The Varsity.</em></p><p style=3D"margin:0;margin-bottom:16px;"><em>and=
=E2=80=A6</em></p><p style=3D"margin:0;margin-bottom:16px;">John Heilemann =
and former White House comms director <strong>Jen Palmieri </strong><a href=
=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUd=
Vd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9kY2FzdF=
9lcGlzb2RlL2plbm5pZmVyLXBhbG1pZXJpLWRlamEtdnUtYWxsLW92ZXItYWdhaW4vP3V0bV9jY=
W1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9j=
b250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX21=
lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3=
Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4Z=
DI4IiwibGlua19pZCI6MjA1OTY5NX0/ea232fd4ff996e48859b2c94bf801c1de4ebadd41073=
6f18a67c5f4b5cccfd1c" style=3D"text-decoration:underline;color:#d40000;">sw=
ap</a> Trump II notes on <em>Impolitic</em>.</p><p style=3D"margin:0;margin=
-bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;margin-bottom:
16px;"><strong>Irving Azoff</strong>, the music industry legend, <a href=3D=
"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2=
RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9kY2FzdF9lc=
Glzb2RlL2lydmluZy1hem9mZi1vbi1oaXMtYS1saXN0LWwtYS1maXJlYWlkLWNvbmNlcnQtYW5k=
LXNpeC1kZWNhZGVzLWluLXRoZS1tdXNpYy1idXNpbmVzcy8_dXRtX2NhbXBhaWduPVRoZStCYWN=
rc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2=
tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2Fjd=
Glvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUz=
ZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjo=
yMDY0MzYyfQ/ab61ed6a28751f3deb7befbe203fc3977d70dcb457e5cf068b47e15d9b5f1e2=
f" style=3D"text-decoration:underline;color:#d40000;">discusses</a> his Fir=
eAid concert with Matt on <em>The Town</em>.</p><p style=3D"margin:0;margin=
-bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;margin-bottom:=
16px;">Tara
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcG9=
kY2FzdF9lcGlzb2RlL2lzLXRydW1wLWFuLW9wZW4td2FsbGV0LWZvci1mb3JlaWduLWFjdG9ycy=
13aXRoLWtldmluLWNpcmlsbGktYW5kLW5hdGFsaWUtYnJ1bmVsbC8_dXRtX2NhbXBhaWduPVRoZ=
StCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhl=
K0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWl=
sX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MD=
YxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX=
2lkIjoyMDY0MzYzfQ/4aaac51b4ebb66f4aa363ac264d356248ab3903d2152341ceae6e1718=
051ae92" style=3D"text-decoration:underline;color:#d40000;">evaluates</a> t=
he viability of the $TRUMP memecoin on <em>Somebody=E2=80=99s Gotta Win</em=
>.</p><p style=3D"margin:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p=
style=3D"margin:0;margin-bottom:16px;">Lauren and the <em>Times</em>=E2=80=
=99s <strong>Jacob Gallagher
</strong><a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1l=
EQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm=
5ld3MvcG9kY2FzdF9lcGlzb2RlL2RyYW1hLWF0LWRpb3ItYS1iYWxseS1hcHByZWNpYXRpb24tc=
2NyZWVkLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUl=
MjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSU=
yOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJjZT1jdXN0b21lci=
5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJuYWwiOiJmNmM2M=
DYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjIwNjMzNzB9/4bd395db6104d464fa6bf60d710=
bc69657cec50f21acb0d0a4d1a003bd940eb4" style=3D"text-decoration:underline;c=
olor:#d40000;">reunite</a> on <em>Fashion People</em>.</p><p style=3D"margi=
n:0;margin-bottom:16px;"><em>and=E2=80=A6</em></p><p style=3D"margin:0;">Er=
iq and Peter <a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ=
4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdW=
NrLm5ld3MvcG9kY2FzdF9lcGlzb2RlL3RydW1wcy1sYXctZGlzb3JkZXIvP3V0bV9jYW1wYWlnb=
j1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9jb250ZW50=
PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX21lZGl1bT1=
lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm09Zj=
ZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Iiwib=
Glua19pZCI6MjA2NDM2NX0/83e686003153d2de76883ac440f5d4fdd383118da195310adaf8=
39545904e922" style=3D"text-decoration:underline;color:#d40000;">wade into<=
/a> the administration=E2=80=99s new flood of legal developments on <em>The=
Powers That Be</em>.</p>
</div>
</td></tr></tbody></table>
</td></tr></tbody></table>
</td></tr></tbody></table>
<table align=3D"center" width=3D"100%" border=3D"0" cellpadding=3D"0" cells=
pacing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-=
rspace:0pt;"><tbody><tr><td>
<table class=3D"c i" align=3D"center" border=3D"0" cellpadding=3D"0" cellsp=
acing=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-r=
space:0pt;background-color:#ffffff;border-radius:0;color:#000000;width:600p=
x;margin:0 auto;" width=3D"600"><tbody><tr><td class=3D"yq o" width=3D"100%=
" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;font-weight:400;text-a=
lign:left;padding-left:24px;padding-right:24px;padding-top:32px;vertical-al=
ign:top;border-top:0px;border-right:0px;border-bottom:0px;border-left:
0px;">
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;"><div style=
=3D"color:#000000;direction:ltr;font-family:'Inter','Arial'=
;font-size:17px;font-weight:400;letter-spacing:0px;line-height:150%;text-al=
ign:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;"><em>As a remin=
der, you can update your profile at any time to get more stories like these=
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<table class=3D"oq" width=3D"100%" border=3D"0" cellpadding=3D"0" cellspaci=
ng=3D"0" role=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspa=
ce:0pt;"><tbody><tr><td style=3D"padding-bottom:32px;"><div class=3D"r" ali=
gn=3D"center">
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"30%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbod=
y><tr><td style=3D"font-size:1px;line-height:1px;border-top:2px solid #d400=
00;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
dy><tr><td style=3D"padding-bottom:32px;padding-left:24px;padding-right:24p=
x;text-align:center;width:100%;"><h3 style=3D"margin:0;color:#000000;direct=
ion:ltr;font-family:'PuckSerifDisplay','Georgia';font-size:=
24px;font-weight:400;letter-spacing:normal;line-height:120%;text-align:cent=
er;margin-top:0;margin-bottom:0;mso-line-height-alt:28.799999999999997px;">=
Slowly, Then
All at Once</h3>
</td></tr></tbody></table>
<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;word-b=
reak:break-word;"><tbody><tr><td style=3D"padding-bottom:32px;"><div style=
=3D"color:#000000;direction:ltr;font-family:'Inter','Arial'=
;font-size:17px;font-weight:400;letter-spacing:0px;line-height:150%;text-al=
ign:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;margin-bottom:0p=
x;">Years ago, a mentor of mine took the time to extemporize about the theo=
ry of
<em>punctuated equilibrium</em>, the concept in evolutionary biology (and s=
ince applied to politics and economics) that progress <em>rarely</em> occur=
s <em>gradually</em>, as we expect, or hope, but rather in cacophonous fits=
and starts.=C2=A0</p><p style=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p=
style=3D"margin:0;margin-bottom:0px;">Indeed, industries don=E2=80=99t rea=
lly evolve in a piecemeal manner. Instead, there=E2=80=99s an awakening or =
disruptive technology=E2=80=94the printing press, the Renaissance, the cott=
on
gin, Ford=E2=80=99s assembly line, the iPhone, <strong>Obama</strong>, <str=
ong>Trump</strong>, ChatGPT=E2=80=94that catapults the culture forward, ine=
vitably causing a series of reverberations. As <strong>Shakespeare</strong>=
knew well, there=E2=80=99s almost always an inciting event that provokes t=
he drama=E2=80=94or the markets=E2=80=94into action. That=E2=80=99s a truth=
we hold to be self-evident, and one of the many reasons we=E2=80=99ve deri=
ved our name from the bard. (For those just tuning in, Puck is named after =
the mirthful narrating fairy in
<em>A Midsummer Night=E2=80=99s Dream</em>.) Anyway, without getting unnece=
ssarily philosophical, the conversation crossed my mind amid a week replete=
with so many gyrations, oscillations, and conflagrations, from Silicon Val=
ley to Washington, D.C.</p><p style=3D"margin:0;margin-bottom:0px;">=C2=A0<=
/p><p style=3D"margin:0;margin-bottom:0px;">In her extraordinary debut at P=
uck, my newest partner, <strong>Leigh Ann Caldwell</strong>, delivered a pa=
ir of showstopping dispatches from
<strong>Trump</strong>=E2=80=99s Washington that captured the nonstop whipl=
ash of, well, so many aspects of his dervish=E2=80=94the reversed O.M.B. fr=
eeze, the elongated nomination battle royales, and the attendant anxieties =
and animosities of both his supplicants and foes on Capitol Hill. If you re=
ally want a flavor of what=E2=80=99s going on in the nation=E2=80=99s capit=
al, I=E2=80=99d suggest devouring Leigh Ann=E2=80=99s two masterstrokes,
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvdHJ=
1bXBzLTItZmlyc3QtaW50cmEtZ29wLWJhdHRsZS1vbmUtYmlsbC1vci10d28vP3V0bV9jYW1wYW=
lnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNSUyOVx1MDAyNnV0bV9jb250Z=
W50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX21lZGl1=
bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVyLmlvXHUwMDI2dXRtX3Rlcm0=
9ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzYwNjE1ZTNkMzAxZDQ4ZDI4Ii=
wibGlua19pZCI6MjA1OTQ0NH0/77cec67720120905dac598ecbc72ba5fd8f966cf0cda447c7=
c705c280fd38e27" style=3D"text-decoration:underline;color:#d40000;"><em>The=
Week & The Damned</em></a> and <a href=3D"https://email.puck.news/e/c/=
eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJ=
ocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaGFzLWRvbmFsZC10cnVtcC1mb3VuZC10aGUtbGltaX=
RzLW9mLWV4ZWN1dGl2ZS1wb3dlci8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEU=
yslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURT=
KyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9=
zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsIm=
ludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0NzM4fQ/96f86b=
8a896213ec4d99b3e8aa21067b7bad4471df128d7f30fc1e0bcd61387d" style=3D"text-d=
ecoration:underline;color:#d40000;"><em>Endless Executive Time</em></a>. Fo=
r his part, <strong>Dylan Byers </strong>elegantly captured the new and utt=
erly bizarre machinations and jolts inside the Brady Briefing Room and D.C.=
media
scene in his latest joint, <a href=3D"https://email.puck.news/e/c/eyJlbWFpb=
F9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoi=
aHR0cHM6Ly9wdWNrLm5ld3Mvbm90ZXMtb24ta2Fyb2xpbmUtbGVhdml0dHMtZmlyc3QtYnJhZHk=
tcm9vbS1icmllZmluZy8_dXRtX2NhbXBhaWduPVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJT=
JGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyODIlM=
kYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9=
Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImludGVybmF=
sIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyMDY0Njk1fQ/0320bb82aaaf6ea=
b3698cd1f24b6fe2ca59790cf600f296c9f85ca4c4d807ade" style=3D"text-decoration=
:underline;color:#d40000;"><em>Boiler Room</em></a>.</p><p style=3D"margin:=
0;margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;margin-bottom:0px;">Ob=
viously, it=E2=80=99s not just politics that=E2=80=99s on the fritz. In <a =
href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05=
LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvaXMtd2=
FsbC1zdHJlZXQtcmlnaHQtdG8tcGFuaWMtb3Zlci1kZWVwc2Vlay8_dXRtX2NhbXBhaWduPVRoZ=
StCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhl=
K0JhY2tzdG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWl=
sX2FjdGlvblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MD=
YxNWUzZDMwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX=
2lkIjoyMDY0NjI5fQ/582cbfd828fefef28c5556af9e4df74978ef835255295e16c17ab7413=
17ccac2" style=3D"text-decoration:underline;color:#d40000;"><em>Sex, Lies &=
amp; Nvidia</em></a>, <strong>Bill
Cohan </strong>dispassionately examined the chipmaker=E2=80=99s massive sel=
l-off, the most potent expression of a panic that swept Silicon Valley and =
Wall Street alike. As Bill put it, =E2=80=9COne faithful Wall Street eminen=
ce, a lusty contrarian, wrote to me on Monday that his =E2=80=98decades=E2=
=80=99 of market experience had led him to the conclusion that =E2=80=98sto=
cks have their sharpest drops from their highest peaks when all see only up=
side.=E2=80=99 I=E2=80=99d say we experienced a healthy dose of reality on =
Monday. I think we have a few
more doses to take before we=E2=80=99re done here, even if in the longer ru=
n, owning stocks=E2=80=94at least over the past 45 years or so=E2=80=94has =
proved to be a major wealth generator.=E2=80=9D Punctuated equilibrium, ind=
eed.=C2=A0</p><p style=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p style=
=3D"margin:0;margin-bottom:0px;">The peerless <strong>Matt Belloni </strong=
>captured the same phenomenon in his fabulous story <a href=3D"https://emai=
l.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmd=
wdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvcGVhY29jay1pcy1zdGlsbC1sb3=
NpbmctbW9uZXktd2hhdC1zaG91bGQtY29tY2FzdC1kby8_dXRtX2NhbXBhaWduPVRoZStCYWNrc=
3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1JTI5XHUwMDI2dXRtX2NvbnRlbnQ9VGhlK0JhY2tz=
dG9yeSstK0xFQURTKyUyODIlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fbWVkaXVtPWVtYWlsX2FjdGl=
vblx1MDAyNnV0bV9zb3VyY2U9Y3VzdG9tZXIuaW9cdTAwMjZ1dG1fdGVybT1mNmM2MDYxNWUzZD=
MwMWQ0OGQyOCIsImludGVybmFsIjoiZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJsaW5rX2lkIjoyM=
DY1NDg2fQ/e71c69498d98b67628d29628853f94b4868effc00f0e4fb98e166c17b3a95291"=
style=3D"text-decoration:
underline;color:#d40000;"><em>Kabletown at a Krossroads</em></a>, which jux=
taposed Netflix=E2=80=99s boffo earnings and seemingly irreversible ascent =
with Peacock=E2=80=99s latest losses and continued uncertainty. As we move =
into an era when so many streamers have pivoted toward profitability, Peaco=
ck is stuck deep in the red=E2=80=94a $372 million loss in the last quarter=
, to be precise=E2=80=94and approaching decision time. =E2=80=9CSo that lea=
ds to the inevitable M&A discussion that has consumed Hollywood for the=
past few years,=E2=80=9D
Matt noted. =E2=80=9CWe all know that Warner Bros. Discovery C.E.O. <strong=
>David Zaslav</strong> wants a transformational deal.=E2=80=9D But do Comca=
st=E2=80=99s <strong>Brian Roberts</strong> and <strong>Mike Cavanagh</stro=
ng>? =E2=80=9CThat=E2=80=99s been the open question, and the triple-whammy =
of broadband weakness, the cable TV spinoff, and the issues at Peacock sugg=
est the right time may be approaching.=E2=80=9D=C2=A0</p><p style=3D"margin=
:0;margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;margin-bottom:0px;">B=
ut if you have time to read
only one piece this weekend, and perhaps you=E2=80=99re pining for some dis=
tance from the domestic landscape, I=E2=80=99d turn your attention to <stro=
ng>Lauren Sherman</strong>=E2=80=99s newest release from her ever-satisfyin=
g oeuvre on Europe=E2=80=99s largest conglomerate, <a href=3D"https://email=
=2Epuck.news/e/c/eyJlbWFpbF9pZCI6ImRnVD=
J4Z1lEQU5TTktOT05LQUdVd2RBVGxOa1ZaWmdw=
dTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3Mvd2UtbmVlZC10by10YWxrLWFib3V=
0LWx2bWgvP3V0bV9jYW1wYWlnbj1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4MiUyRjElMkYyNS=
UyOVx1MDAyNnV0bV9jb250ZW50PVRoZStCYWNrc3RvcnkrLStMRUFEUyslMjgyJTJGMSUyRjI1J=
TI5XHUwMDI2dXRtX21lZGl1bT1lbWFpbF9hY3Rpb25cdTAwMjZ1dG1fc291cmNlPWN1c3RvbWVy=
LmlvXHUwMDI2dXRtX3Rlcm09ZjZjNjA2MTVlM2QzMDFkNDhkMjgiLCJpbnRlcm5hbCI6ImY2YzY=
wNjE1ZTNkMzAxZDQ4ZDI4IiwibGlua19pZCI6MjA2NTA1MH0/a84ac2e1c6aea9bf2c167ec9f4=
0460b10fd401392354f9b785ef9cf5c9bc8df6" style=3D"text-decoration:underline;=
color:#d40000;"><em>We Need to Talk About LVMH</em></a>, which is exclusive=
to our Inner Circle members. (Upgrade your subscription
<a href=3D"https://email.puck.news/e/c/eyJlbWFpbF9pZCI6ImRnVDJ4Z1lEQU5TTktO=
T05LQUdVd2RBVGxOa1ZaWmdwdTd1UHJ4RT0iLCJocmVmIjoiaHR0cHM6Ly9wdWNrLm5ld3MvbXk=
tYWNjb3VudC9iaWxsaW5nLz91dG1fY2FtcGFpZ249VGhlK0JhY2tzdG9yeSstK0xFQURTKyUyOD=
IlMkYxJTJGMjUlMjlcdTAwMjZ1dG1fY29udGVudD1UaGUrQmFja3N0b3J5Ky0rTEVBRFMrJTI4M=
iUyRjElMkYyNSUyOVx1MDAyNnV0bV9tZWRpdW09ZW1haWxfYWN0aW9uXHUwMDI2dXRtX3NvdXJj=
ZT1jdXN0b21lci5pb1x1MDAyNnV0bV90ZXJtPWY2YzYwNjE1ZTNkMzAxZDQ4ZDI4IiwiaW50ZXJ=
uYWwiOiJmNmM2MDYxNWUzZDMwMWQ0OGQyOCIsImxpbmtfaWQiOjY0NX0/88f19ec0031b168e11=
ff4d67222619d854e1bc8287130257c579d4c3a5bb293b" style=3D"text-decoration:un=
derline;color:#d40000;">here</a>, if you haven=E2=80=99t already.)</p><p st=
yle=3D"margin:0;margin-bottom:0px;">=C2=A0</p><p style=3D"margin:0;">LVMH, =
after all, is a company steeped in history and yet also ruthlessly attempti=
ng to maintain its moat by shuffling its portfolio=E2=80=94divesting smalle=
r entities while focusing on its largest brands, and rearranging creative e=
xecutives and operators in the process, all while sorting through the
real-time management of succession planning. Its maneuvers, complex and oft=
en vague, are the latest evidence that progress rarely happens gradually bu=
t rather, as Hemingway said about bankruptcy, slowly and then seemingly all=
at once. It=E2=80=99s a leitmotif of our culture, and something you=E2=80=
=99ll always see reflected in Puck.</p></div>
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<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
=3D"presentation" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbo=
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>
<table border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=3D"presentatio=
n" width=3D"30%" style=3D"mso-table-lspace:0pt;mso-table-rspace:0pt;"><tbod=
y><tr><td style=3D"font-size:1px;line-height:1px;border-top:2px solid #d400=
00;"><span style=3D"word-break:break-word;">=E2=80=8A</span>
</td></tr></tbody></table></div>
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<table width=3D"100%" border=3D"0" cellpadding=3D"0" cellspacing=3D"0" role=
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ign:left;mso-line-height-alt:25.5px;"><p style=3D"margin:0;margin-bottom:0p=
x;">Have a great weekend,</p><p style=3D"margin:0;">Jon</p></div>
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