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Subject: Come Follow the Lilly Earnings Call With Me
From: Dave Knapp from On The Pen <onthepen@substack.com>
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View this post on the web at https://onthepen.substack.com/p/come-follow-th=
e-lilly-earnings-call

Lilly earnings are this morning. I=E2=80=99ll be live tweeting my instant r=
eactions on X.
Real-time updates, for those who can=E2=80=99t listen=E2=80=A6 This is goin=
g to be an interesting call with lots of pipeline discussion!
=F0=9F=91=89 Follow along here=20
Later today I=E2=80=99ll be dropping my video roundup, the full picture, an=
d what it means for patients...
Here are my two favorite slides to look at for what=E2=80=99s upcoming in o=
besity medicine:

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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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@media screen and (min-width: 768px) {
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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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}
@media screen and (max-width: 650px) {
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}
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@media screen and (max-width: 370px) {
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}
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}
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@media (max-width: 768px) {
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@media screen and (max-width: 650px) {
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}
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}
@media screen and (max-width: 650px) {
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}
@media screen and (max-width: 650px) {
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}
@media (max-width: 650px) {
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}
@media (max-width: 650px) {
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}
@media (max-width: 650px) {
  body .markup .twitter-embed .tweet-photos-container.two,
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}
@media (max-width: 650px) {
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}
@media (max-width: 650px) {
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@media screen and (max-width: 650px) {
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}
@media (max-width: 420px) {
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}
@media (max-width: 420px) {
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}
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}
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}
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}
@media screen and (max-width: 650px) {
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}
@media screen and (min-width: 500px) {
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@media screen and (max-width: 650px) {
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}
@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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}
@media (max-width: 650px) {
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@media screen and (max-width: 650px) {
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}
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}
@media screen and (min-width: 541px) {
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}
@media screen and (max-width: 650px) {
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}
@media screen and (max-width: 768px) {
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}
@media screen and (max-width: 768px) {
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}
@media screen and (max-width: 768px) {
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}
@media only screen and (min-width: 630px) {
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@media screen and (min-width: 541px) {
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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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@media screen and (max-width: 650px) {
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}
@media (max-width: 750px) {
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}</style></head><body class=3D"email-body" style=3D"font-kerning: auto;--im=
age-offset-margin: -120px;"><img src=3D"https://eotrx.substackcdn.com/o/b60=
68d876a1fdaf8/p.gif?token=3DeyJtIjoiPDIwMjYwNDMwMTM0MjI5LjMuN2RkMzE1ODJkMmM=
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adding-top:0 !important;padding-bottom:0 !important;padding-right:0 !import=
ant;padding-left:0 !important;"/><div class=3D"preview" style=3D"display:no=
ne;font-size:1px;color:#333333;line-height:1px;max-height:0px;max-width:0px=
;opacity:0;overflow:hidden;">Lilly earnings are this morning.</div><div cla=
ss=3D"preview" style=3D"display:none;font-size:1px;color:#333333;line-heigh=
t:1px;max-height:0px;max-width:0px;opacity:0;overflow:hidden;">&#847; &nbsp=
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er-spacing: .2px;"><time datetime=3D"2026-04-30T13:42:29.295Z">Apr 30</time=
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t;vertical-align: middle;"></a></td></tr></tbody></table></td></tr></tbody>=
</table></td><td align=3D"right"><table role=3D"presentation" width=3D"auto=
" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td style=3D"=
vertical-align:middle;"><table role=3D"presentation" width=3D"auto" border=
=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td align=3D"center">=
<a class=3D"email-button-outline" href=3D"https://open.substack.com/pub/ont=
hepen/p/come-follow-the-lilly-earnings-call?utm_source=3Demail&redirect=3Da=
pp-store&utm_campaign=3Demail-read-in-app" style=3D"font-family: system-ui,=
-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-ser=
if,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';display: inline-b=
lock;font-weight: 500;border: 1px solid rgb(0,0,0,.1);border-radius: 9999px=
;text-transform: uppercase;font-size: 12px;line-height: 12px;padding: 9px 1=
4px;text-decoration: none;color: rgb(119,119,119);"><div class=3D"email-but=
ton-spacer" style=3D"font-size: 16px;line-height: 26px;display: inline-bloc=
k;vertical-align: middle;max-width: 0;min-height: 18px;"></div><span class=
=3D"email-button-text" style=3D"vertical-align: middle;margin-right: 4px">R=
EAD IN APP</span><img class=3D"icon text-icon" src=3D"https://substackcdn.c=
om/image/fetch/$s_!ET-_!,w_36,c_scale,f_png,q_auto:good,fl_progressive:stee=
p/https%3A%2F%2Fsubstack.com%2Ficon%2FLucideArrowUpRight%3Fv%3D4%26height%3=
D36%26fill%3Dnone%26stroke%3D%2523808080%26strokeWidth%3D2" width=3D"18" he=
ight=3D"18" style=3D"min-width: 18px;min-height: 18px;border: none;vertical=
-align: middle;margin-right: 0;margin-left: 0;max-width: 18px" alt=3D""></a=
></td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></ta=
ble></td></tr><tr height=3D"16"><td height=3D"16" style=3D"font-size:0px;li=
ne-height:0;">&nbsp;</td></tr></tbody></table></div></div><div class=3D"pos=
t typography" dir=3D"auto" style=3D"--image-offset-margin: -120px;padding: =
32px 0 0 0;font-size: 16px;line-height: 26px;"><div class=3D"body markup" d=
ir=3D"auto" style=3D"text-align: initial;font-size: 16px;line-height: 26px;=
width: 100%;word-break: break-word;margin-bottom: 16px;font-family: 'SF Pro=
 Display', -apple-system, system-ui, BlinkMacSystemFont, 'Inter', 'Segoe UI=
', Roboto, Helvetica, Arial, sans-serif, 'Apple Color Emoji', 'Segoe UI Emo=
ji', 'Segoe UI Symbol';font-weight: 400;"><p style=3D"margin: 0 0 20px 0;co=
lor: rgb(54,55,55);line-height: 26px;font-size: 16px;margin-top: 0;">Lilly =
earnings are this morning. I&#8217;ll be live tweeting my instant reactions=
 on X.</p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: =
26px;font-size: 16px;">Real-time updates, for those who can&#8217;t listen&=
#8230; This is going to be an interesting call with lots of pipeline discus=
sion!</p><p style=3D"margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 2=
6px;font-size: 16px;"><strong>&#128073; Follow along here </strong></p><tab=
le class=3D"twitter-embed tweet" role=3D"presentation" width=3D"100%" borde=
r=3D"0" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D"TweetToD=
OMStatic" style=3D"background: rgb(255,255,255);color: rgb(54,55,55);displa=
y: flex;flex-direction: column;gap: 12px;max-width: 550px;margin: 32px auto=
;border: 1px solid rgb(0,0,0,.1);direction: ltr;border-radius: 12px;padding=
: 16px 16px 12px;font-family: system-ui,-apple-system,BlinkMacSystemFont,'S=
egoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Em=
oji','Segoe UI Symbol';font-size: 14px;line-height: 20px;font-weight: 400;b=
ox-sizing: border-box;-webkit-font-smoothing: antialiased;text-rendering: o=
ptimizelegibility;transition: color .25scubic-bezier(.19,1,.22,1),backgroun=
d-color .25scubic-bezier(.19,1,.22,1),box-shadow .25scubic-bezier(.19,1,.22=
,1),border .25scubic-bezier(.19,1,.22,1),border-radius .25scubic-bezier(.19=
,1,.22,1),opacity .25scubic-bezier(.19,1,.22,1),filter .25scubic-bezier(.19=
,1,.22,1),stroke .25scubic-bezier(.19,1,.22,1),transform .25scubic-bezier(.=
19,1,.22,1),scale .25scubic-bezier(.19,1,.22,1),outline .25scubic-bezier(.1=
9,1,.22,1);margin-bottom: 20px;margin-top: 20px"><tbody><tr><td style=3D"pa=
dding:0px;"><a href=3D"https://substack.com/redirect/057add5b-8e0a-4fec-8f4=
7-5a18a0b9c747?j=3DeyJ1IjoiNGl3b2U2In0.sVDxRtmZ85v8kfdamY0krRXGMy3p768BWtuZ=
ifRB-Zs" style=3D"text-decoration:none;color:inherit;display:block;"><table=
 role=3D"presentation" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpa=
dding=3D"0"><tbody><tr><td><table role=3D"presentation" width=3D"auto" bord=
er=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td style=3D"vertic=
al-align:middle;"><img class=3D"custom-css-email-avatar avatar-QIQ5yR" src=
=3D"https://substackcdn.com/image/fetch/$s_!mmlq!,f_auto,q_auto:good,fl_pro=
gressive:steep/https%3A%2F%2Fpbs.substack.com%2Fprofile_images%2F2009463593=
637449728%2Fu-ieMTW0.jpg" alt=3D"X avatar for @ManOnThePen" style=3D"box-si=
zing: border-box;border: none;vertical-align: middle;-ms-interpolation-mode=
: bicubic;max-width: 100%;width: 40px;height: 40px;min-width: 40px;min-heig=
ht: 40px;object-fit: cover;margin: 0px;display: inline;border-radius: 50%" =
width=3D"40" height=3D"40"></td><td width=3D"12" style=3D"min-width:12px;">=
</td><td style=3D"vertical-align:middle;"><table role=3D"presentation" widt=
h=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0"><tbody><tr><td>=
<div class=3D"pencraft pc-reset line-height-20-t4M0El font-text-qe4AeH size=
-13-hZTUKr weight-semibold-uqA4FV reset-IxiVJZ" style=3D"list-style: none;c=
olor: unset;font-size: 13px;line-height: 20px;text-decoration: unset;margin=
: 0;font-family: system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Robo=
to,Helvetica,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe U=
I Symbol';font-weight: 600;">On The Pen&#8482;</div></td></tr><tr><td><div =
class=3D"pencraft pc-reset color-secondary-ls1g8s line-height-20-t4M0El fon=
t-text-qe4AeH size-13-hZTUKr weight-regular-mUq6Gb reset-IxiVJZ" style=3D"l=
ist-style: none;font-size: 13px;line-height: 20px;text-decoration: unset;co=
lor: rgb(119,119,119);margin: 0;font-family: system-ui,-apple-system,BlinkM=
acSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Color Emoj=
i','Segoe UI Emoji','Segoe UI Symbol';font-weight: 400;">@ManOnThePen</div>=
</td></tr></tbody></table></td></tr></tbody></table></td></tr><tr height=3D=
"12"><td></td></tr><tr><td><div class=3D"pencraft pc-reset line-height-20-t=
4M0El font-text-qe4AeH size-15-Psle70 weight-regular-mUq6Gb reset-IxiVJZ te=
xt-aFN1BV" style=3D"list-style: none;color: unset;font-size: 15px;line-heig=
ht: 20px;text-decoration: unset;margin: 0;font-family: system-ui,-apple-sys=
tem,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple =
Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: 400;white-spac=
e: pre-wrap">$LLY Most earnings threads will cover EPS and guidance. Mine w=
ill cover what it means for patients living with obesity. $LLY &#129525; @E=
liLillyandCo earnings: live now. Follow here&#128071;&#128071;&#128071;</di=
v></td></tr><tr height=3D"12"><td></td></tr><tr><td><table role=3D"presenta=
tion" width=3D"auto" border=3D"0" cellspacing=3D"0" cellpadding=3D"0" style=
=3D"width:100%;"><tbody><tr><td><div class=3D"pencraft pc-reset color-secon=
dary-ls1g8s line-height-20-t4M0El font-text-qe4AeH size-13-hZTUKr weight-re=
gular-mUq6Gb reset-IxiVJZ" style=3D"list-style: none;font-size: 13px;line-h=
eight: 20px;text-decoration: unset;color: rgb(119,119,119);margin: 0;font-f=
amily: system-ui,-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,Helveti=
ca,Arial,sans-serif,'Apple Color Emoji','Segoe UI Emoji','Segoe UI Symbol';=
font-weight: 400;"><span class=3D"pencraft pc-reset reset-IxiVJZ" style=3D"=
list-style: none;color: unset;text-decoration: unset;margin: 0;">1:31 PM &#=
183; Apr 30, 2026</span><span class=3D"pencraft pc-reset reset-IxiVJZ" styl=
e=3D"list-style: none;color: unset;text-decoration: unset;margin: 0;"> &#18=
3; </span><span class=3D"pencraft pc-reset reset-IxiVJZ" style=3D"list-styl=
e: none;color: unset;text-decoration: unset;margin: 0;">28 Views</span></di=
v><div class=3D"emailSeparator-mtbezJ" style=3D"border-bottom: 1px solid rg=
b(0,0,0,.1);width: 100%;height: 0;font-size: 16px;line-height: 26px;"></div=
><div class=3D"pencraft pc-reset color-secondary-ls1g8s line-height-20-t4M0=
El font-text-qe4AeH size-13-hZTUKr weight-regular-mUq6Gb reset-IxiVJZ" styl=
e=3D"list-style: none;font-size: 13px;line-height: 20px;text-decoration: un=
set;color: rgb(119,119,119);margin: 0;font-family: system-ui,-apple-system,=
BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple Colo=
r Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: 400;"><span class=
=3D"pencraft pc-reset reset-IxiVJZ" style=3D"list-style: none;color: unset;=
text-decoration: unset;margin: 0;">1 Like</span></div></td></tr></tbody></t=
able></td></tr></tbody></table></a></td></tr></tbody></table><p style=3D"ma=
rgin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;">L=
ater today I&#8217;ll be dropping my video roundup, the full picture, and w=
hat it means for patients...</p><p style=3D"margin: 0 0 20px 0;color: rgb(5=
4,55,55);line-height: 26px;font-size: 16px;">Here are my two favorite slide=
s to look at for what&#8217;s upcoming in obesity medicine:</p><p style=3D"=
margin: 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;"=
></p><div class=3D"captioned-image-container-static" style=3D"font-size: 16=
px;line-height: 26px;margin: 32px auto;"><figure style=3D"width: 100%;margi=
n: 0 auto;"><table class=3D"image-wrapper" width=3D"100%" border=3D"0" cell=
spacing=3D"0" cellpadding=3D"0" data-component-name=3D"Image2ToDOMStatic" s=
tyle=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"text-align: =
center;"></td><td class=3D"content" align=3D"left" width=3D"1022" style=3D"=
text-align: center;"><a class=3D"image-link" target=3D"_blank" href=3D"http=
s://substack.com/redirect/59abe32c-ecd9-4ed3-b18f-d8128454b24a?j=3DeyJ1Ijoi=
NGl3b2U2In0.sVDxRtmZ85v8kfdamY0krRXGMy3p768BWtuZifRB-Zs" style=3D"position:=
 relative;flex-direction: column;align-items: center;padding: 0;width: auto=
;height: auto;border: none;text-decoration: none;display: block;margin: 0;"=
><img class=3D"wide-image" data-attrs=3D"{&quot;src&quot;:&quot;https://sub=
stack-post-media.s3.amazonaws.com/public/images/30ea2388-13b6-4a3d-a6e9-a7b=
cc735b24a_1022x1165.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;fullscr=
een&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:1165,&quot;wid=
th&quot;:1022,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:416095,&quot;a=
lt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&quot;=
,&quot;href&quot;:null,&quot;belowTheFold&quot;:false,&quot;topImage&quot;:=
true,&quot;internalRedirect&quot;:&quot;https://onthepen.substack.com/i/195=
998438?img=3Dhttps%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2F=
images%2Fc21afdcf-1430-4b90-af73-16f00b16e42a_1257x1227.png&quot;,&quot;isP=
rocessing&quot;:false,&quot;align&quot;:null,&quot;offset&quot;:false}" alt=
=3D"" width=3D"550" height=3D"626.9569471624266" src=3D"https://substackcdn=
=2Ecom/image/fetch/$s_!dwTd!,w_1100,c_l=
imit,f_auto,q_auto:good,fl_progressive=
:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages=
%2F30ea2388-13b6-4a3d-a6e9-a7bcc735b24a_1022x1165.png" style=3D"border: non=
e !important;vertical-align: middle;display: block;-ms-interpolation-mode: =
bicubic;height: auto;margin-bottom: 0;width: auto !important;max-width: 100=
% !important;margin: 0 auto;"></a></td><td style=3D"text-align: center;"></=
td></tr></tbody></table></figure></div><p style=3D"margin: 0 0 20px 0;color=
: rgb(54,55,55);line-height: 26px;font-size: 16px;"></p><p style=3D"margin:=
 0 0 20px 0;color: rgb(54,55,55);line-height: 26px;font-size: 16px;margin-b=
ottom: 0;"></p></div></div><div class=3D"container-border" style=3D"margin:=
 32px 0 0;width: 100%;box-sizing: border-box;border-top: 1px solid #e6e6e6;=
font-size: 16px;line-height: 26px;"></div><div class=3D"typography" style=
=3D"--image-offset-margin: -120px;font-size: 16px;line-height: 26px;"><div =
class=3D"postscript" style=3D"margin: 32px 0;font-size: 16px;line-height: 2=
6px;"><div class=3D"body markup" dir=3D"auto" style=3D"text-align: initial;=
font-size: 16px;line-height: 26px;width: 100%;word-break: break-word;margin=
-bottom: 16px;"><h2 class=3D"header-anchor-post" style=3D"position: relativ=
e;font-family: 'SF Pro Display',-apple-system-headline,system-ui,-apple-sys=
tem,BlinkMacSystemFont,'Segoe UI',Roboto,Helvetica,Arial,sans-serif,'Apple =
Color Emoji','Segoe UI Emoji','Segoe UI Symbol';font-weight: bold;-webkit-f=
ont-smoothing: antialiased;-moz-osx-font-smoothing: antialiased;-webkit-app=
earance: optimizelegibility;-moz-appearance: optimizelegibility;appearance:=
 optimizelegibility;margin: 1em 0 0.625em 0;color: rgb(54,55,55);line-heigh=
t: 1.16em;font-size: 1.625em;margin-top: 0;"><strong>VISIT OUR SPONSORS!</s=
trong></h2><div class=3D"captioned-image-container-static" style=3D"font-si=
ze: 16px;line-height: 26px;margin: 32px auto;"><figure style=3D"width: 100%=
;margin: 0 auto;"><table class=3D"image-wrapper" width=3D"100%" border=3D"0=
" cellspacing=3D"0" cellpadding=3D"0" data-component-name=3D"Image2ToDOMSta=
tic" style=3D"mso-padding-alt: 1em 0 1.6em;"><tbody><tr><td style=3D"text-a=
lign: center;"></td><td class=3D"content" align=3D"left" width=3D"1100" sty=
le=3D"text-align: center;"><a class=3D"image-link" target=3D"_blank" href=
=3D"https://substack.com/redirect/ca8d67bc-4a31-4113-a51e-20d6f1b4f134?j=3D=
eyJ1IjoiNGl3b2U2In0.sVDxRtmZ85v8kfdamY0krRXGMy3p768BWtuZifRB-Zs" style=3D"p=
osition: relative;flex-direction: column;align-items: center;padding: 0;wid=
th: auto;height: auto;border: none;text-decoration: none;display: block;mar=
gin: 0;"><img class=3D"wide-image" data-attrs=3D"{&quot;src&quot;:&quot;htt=
ps://substack-post-media.s3.amazonaws.com/public/images/29991891-1dd7-4bcb-=
9170-80a3e8c54054_1100x124.png&quot;,&quot;srcNoWatermark&quot;:null,&quot;=
fullscreen&quot;:null,&quot;imageSize&quot;:null,&quot;height&quot;:124,&qu=
ot;width&quot;:1100,&quot;resizeWidth&quot;:null,&quot;bytes&quot;:78260,&q=
uot;alt&quot;:null,&quot;title&quot;:null,&quot;type&quot;:&quot;image/png&=
quot;,&quot;href&quot;:&quot;https://lddy.no/1ndi6&quot;,&quot;belowTheFold=
&quot;:false,&quot;topImage&quot;:true,&quot;internalRedirect&quot;:&quot;h=
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4054_1100x124.png&quot;,&quot;isProcessing&quot;:false,&quot;align&quot;:nu=
ll,&quot;offset&quot;:false}" alt=3D"" width=3D"550" height=3D"62" src=3D"h=
ttps://substackcdn.com/image/fetch/$s_!vBbu!,w_1100,c_limit,f_auto,q_auto:g=
ood,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com=
%2Fpublic%2Fimages%2F29991891-1dd7-4bcb-9170-80a3e8c54054_1100x124.png" sty=
le=3D"border: none !important;vertical-align: middle;display: block;-ms-int=
erpolation-mode: bicubic;height: auto;margin-bottom: 0;width: auto !importa=
nt;max-width: 100% !important;margin: 0 auto;"></a></td><td style=3D"text-a=
lign: center;"></td></tr></tbody></table></figure></div><div class=3D"capti=
oned-image-container-static" style=3D"font-size: 16px;line-height: 26px;mar=
gin: 32px auto;"><figure style=3D"width: 100%;margin: 0 auto;"><table class=
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g=3D"0" data-component-name=3D"Image2ToDOMStatic" style=3D"mso-padding-alt:=
 1em 0 1.6em;"><tbody><tr><td style=3D"text-align: center;"></td><td class=
=3D"content" align=3D"left" width=3D"1100" style=3D"text-align: center;"><a=
 class=3D"image-link" target=3D"_blank" href=3D"https://substack.com/redire=
ct/13b86402-8064-45c5-af2b-c84c2a6399f3?j=3DeyJ1IjoiNGl3b2U2In0.sVDxRtmZ85v=
8kfdamY0krRXGMy3p768BWtuZifRB-Zs" style=3D"position: relative;flex-directio=
n: column;align-items: center;padding: 0;width: auto;height: auto;border: n=
one;text-decoration: none;display: block;margin: 0;"><img class=3D"wide-ima=
ge" data-attrs=3D"{&quot;src&quot;:&quot;https://substack-post-media.s3.ama=
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geSize&quot;:null,&quot;height&quot;:124,&quot;width&quot;:1100,&quot;resiz=
eWidth&quot;:null,&quot;bytes&quot;:98628,&quot;alt&quot;:null,&quot;title&=
quot;:null,&quot;type&quot;:&quot;image/png&quot;,&quot;href&quot;:&quot;ht=
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t=3D"" width=3D"550" height=3D"62" src=3D"https://substackcdn.com/image/fet=
ch/$s_!mMCl!,w_1100,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3=
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9b-4a9b-b675-d3cb1f619b82_1100x124.png" style=3D"border: none !important;ve=
rtical-align: middle;display: block;-ms-interpolation-mode: bicubic;height:=
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rgin: 0 auto;"></a></td><td style=3D"text-align: center;"></td></tr></tbody=
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