.InvestorPaper_page__uI6Nw{position:relative;isolation:isolate;background:var(--canvas);color:var(--ink);font-size:15px}.InvestorPaper_page__uI6Nw:before{content:"";position:absolute;inset:0;z-index:-1;pointer-events:none;background:radial-gradient(1300px 800px at 82% 40px,var(--accent-glow),transparent 58%),radial-gradient(1500px 760px at 50% 100%,var(--accent-glow-2),transparent 60%)}.InvestorPaper_wrap__2IENs{max-width:1280px;margin:0 auto;padding:0 var(--gutter)}.InvestorPaper_hero__BJ9T8{padding:clamp(48px,7vh,80px) 0 var(--section-y-tight)}.InvestorPaper_crumbs__qOu5e{font-family:var(--mono);font-size:11px;letter-spacing:.06em;color:var(--ink-3);display:flex;gap:10px}.InvestorPaper_crumbs__qOu5e a{color:var(--ink-3);text-decoration:none}.InvestorPaper_crumbs__qOu5e a:hover{color:var(--accent)}.InvestorPaper_heroEyebrow__vAaFH{margin-top:28px}.InvestorPaper_h1__Oqe5b{margin:22px 0 0;font-family:var(--serif);font-size:var(--type-display);font-weight:500;line-height:1.02;letter-spacing:-.035em;max-width:17ch}.InvestorPaper_em__NBNoE{font-style:italic;font-weight:400;color:var(--accent-2)}.InvestorPaper_standfirst__wvRzw{margin:28px 0 0;font-size:var(--type-lede);line-height:1.55;color:var(--ink-2);max-width:58ch}.InvestorPaper_actions__domgK{margin-top:36px;display:flex;flex-wrap:wrap;gap:12px 22px;align-items:center}.InvestorPaper_actions__domgK .btn{text-decoration:none}.InvestorPaper_readOn__14rlj{font-size:15px;color:var(--ink-2);text-decoration:none;border-bottom:1px solid var(--line);padding-bottom:2px}.InvestorPaper_readOn__14rlj:hover{color:var(--ink);border-color:var(--ink)}.InvestorPaper_strip__D4IPc{margin:0;padding:0}.InvestorPaper_stripIn__FIRqm{display:flex;align-items:center;overflow-x:auto;scrollbar-width:none;border-top:1px solid var(--line);border-bottom:1px solid var(--line)}.InvestorPaper_stripIn__FIRqm::-webkit-scrollbar{display:none}.InvestorPaper_stripLabel__B8qwM{padding:15px 18px 15px 0;border-right:1px solid var(--line);font-size:10px;letter-spacing:.18em;text-transform:uppercase;color:var(--ink-3);white-space:nowrap}.InvestorPaper_stripItem__IWrIn{padding:15px 16px;border-right:1px solid var(--line);font-size:11px;letter-spacing:.02em;color:var(--accent-2);white-space:nowrap}.InvestorPaper_stripItem__IWrIn:last-child{border-right:0}.InvestorPaper_body__7nW13{padding:var(--section-y-tight) 0 0}.InvestorPaper_grid__RU4T8{display:grid;grid-template-columns:minmax(0,7fr) minmax(0,4fr);gap:32px 64px;align-items:start}.InvestorPaper_article__4XZ_T{grid-column:1;grid-row:1;min-width:0}.InvestorPaper_rail__E2qEJ{grid-column:2;grid-row:1;position:sticky;top:92px}.InvestorPaper_railList__w4q0r{margin-top:14px;border-top:1px solid var(--line);display:flex;flex-direction:column}.InvestorPaper_railList__w4q0r a{display:grid;grid-template-columns:34px 1fr;gap:8px;padding:11px 0;border-bottom:1px solid var(--line);font-size:13.5px;color:var(--ink-2);text-decoration:none}.InvestorPaper_railList__w4q0r a:hover{color:var(--ink)}.InvestorPaper_railN__UKAeR{font-family:var(--mono);font-size:10px;letter-spacing:.12em;color:var(--accent);padding-top:3px}@media (max-width:980px){.InvestorPaper_grid__RU4T8{grid-template-columns:1fr}.InvestorPaper_rail__E2qEJ{grid-column:1;grid-row:1;position:static}.InvestorPaper_article__4XZ_T{grid-row:2}}.InvestorPaper_summary__idQI4{background:var(--surface-lift);border:1px solid var(--line);border-top:2px solid var(--accent);border-radius:var(--radius);box-shadow:var(--shadow-card);padding:26px 30px 30px}.InvestorPaper_summary__idQI4 h2{margin:12px 0 0;font-family:var(--serif);font-size:var(--type-sub);font-weight:500;line-height:1.12;letter-spacing:-.02em;max-width:22ch}.InvestorPaper_summary__idQI4 h2 .InvestorPaper_em__NBNoE{font-weight:400}.InvestorPaper_summary__idQI4 p{margin:16px 0 0;font-size:15px;line-height:1.65;color:var(--ink-2);max-width:64ch}.InvestorPaper_parts__WIRea{margin-top:26px;border-top:1px solid var(--line)}.InvestorPaper_part__ChEcR{position:relative;display:grid;grid-template-columns:minmax(0,1fr) minmax(0,1.5fr);gap:8px 28px;align-items:baseline;padding:16px 0;border-bottom:1px solid var(--line)}.InvestorPaper_part__ChEcR:before{content:"";position:absolute;top:-1px;left:0;width:34px;height:2px;background:var(--accent)}.InvestorPaper_summary__idQI4 .InvestorPaper_part__ChEcR h3{margin:0;font-family:var(--serif);font-size:19px;font-weight:500;letter-spacing:-.015em;line-height:1.2}.InvestorPaper_summary__idQI4 .InvestorPaper_part__ChEcR p{margin:0;font-size:14px;line-height:1.55;color:var(--ink-2)}@media (max-width:640px){.InvestorPaper_part__ChEcR{grid-template-columns:1fr}}.InvestorPaper_section__aBBNm{padding-top:var(--section-y-tight)}.InvestorPaper_secN__mJu3s{font-family:var(--mono);font-size:10px;letter-spacing:.18em;text-transform:uppercase;color:var(--accent)}.InvestorPaper_h2___oRkn{margin:14px 0 0;font-family:var(--serif);font-size:var(--type-sub);font-weight:500;line-height:1.1;letter-spacing:-.025em;max-width:22ch}.InvestorPaper_h3__QdwGy{margin:36px 0 0;font-family:var(--serif);font-size:22px;font-weight:500;line-height:1.25;letter-spacing:-.015em;max-width:34ch}.InvestorPaper_prose__Nq9_s p{margin:16px 0 0;font-size:15.5px;line-height:1.7;color:var(--ink-2);max-width:62ch}.InvestorPaper_prose__Nq9_s p strong{font-weight:500;color:var(--ink)}.InvestorPaper_points__izJ6W{margin:18px 0 0;padding:0;list-style:none;border-top:1px solid var(--line);max-width:64ch}.InvestorPaper_points__izJ6W li{padding:13px 0;border-bottom:1px solid var(--line);font-size:14.5px;line-height:1.6;color:var(--ink-2)}.InvestorPaper_points__izJ6W strong{font-weight:500;color:var(--ink)}.InvestorPaper_figs__5wfuZ{margin-top:32px;display:grid;grid-template-columns:repeat(4,minmax(0,1fr));border-bottom:1px solid var(--line);padding-bottom:26px}.InvestorPaper_fig__opFiK{padding:0 20px;border-left:1px solid var(--line);display:flex;flex-direction:column;gap:8px}.InvestorPaper_fig__opFiK:first-child{padding-left:0;border-left:0}.InvestorPaper_figN__PzUAF{font-family:var(--mono);font-size:26px;white-space:nowrap;font-weight:500;letter-spacing:-.03em;line-height:1;color:var(--accent-2)}.InvestorPaper_figN__PzUAF span{font-size:13px;letter-spacing:.02em;color:var(--ink-3);margin-left:4px}.InvestorPaper_fig__opFiK p{margin:0;font-size:12.5px;line-height:1.5;color:var(--ink-3);max-width:24ch}.InvestorPaper_cite__cDCLz{font-family:var(--mono);font-size:10px;letter-spacing:.06em;color:var(--accent)}@media (max-width:760px){.InvestorPaper_figs__5wfuZ{grid-template-columns:repeat(2,minmax(0,1fr));gap:22px 0}.InvestorPaper_fig__opFiK:nth-child(3){padding-left:0;border-left:0}}.InvestorPaper_stages__m49V8{margin-top:26px;display:grid;grid-template-columns:repeat(3,minmax(0,1fr));border-top:1px solid var(--line);border-bottom:1px solid var(--line)}.InvestorPaper_stage__i6Xrc{position:relative;padding:22px 20px 22px 0;border-right:1px solid var(--line);margin-right:20px}.InvestorPaper_stage__i6Xrc:nth-child(3n){border-right:0;margin-right:0}.InvestorPaper_stage__i6Xrc:nth-child(n+4){border-top:1px solid var(--line)}.InvestorPaper_stage__i6Xrc:before{content:"";position:absolute;top:-1px;left:0;width:34px;height:2px;background:var(--accent)}.InvestorPaper_stageN__BfbCT{font-family:var(--mono);font-size:10px;letter-spacing:.18em;color:var(--accent)}.InvestorPaper_stage__i6Xrc h3{margin:10px 0 0;font-family:var(--serif);font-size:19px;font-weight:500;letter-spacing:-.015em;line-height:1.25}.InvestorPaper_stage__i6Xrc p{margin:8px 0 0;font-size:13.5px;line-height:1.55;color:var(--ink-2);max-width:30ch}@media (max-width:640px){.InvestorPaper_stages__m49V8{grid-template-columns:1fr}.InvestorPaper_stage__i6Xrc{border-right:0;margin-right:0;padding-right:0}.InvestorPaper_stage__i6Xrc:nth-child(n+2){border-top:1px solid var(--line)}}.InvestorPaper_pull__1MM_U{margin:32px 0 0;padding-left:26px;border-left:2px solid var(--accent);font-family:var(--serif);font-style:italic;font-size:var(--type-frag);line-height:1.35;letter-spacing:-.01em;color:var(--ink);max-width:30ch}.InvestorPaper_tableWrap__x2Bfd{margin-top:26px;overflow-x:auto;border-top:1px solid var(--line)}.InvestorPaper_table__GCk7T{width:100%;min-width:600px;border-collapse:collapse;font-size:13px;line-height:1.5}.InvestorPaper_table__GCk7T td,.InvestorPaper_table__GCk7T th{text-align:left;vertical-align:top;padding:13px 12px 13px 0;border-bottom:1px solid var(--line)}.InvestorPaper_table__GCk7T thead th{font-family:var(--mono);font-size:10px;font-weight:400;letter-spacing:.14em;text-transform:uppercase;color:var(--ink-3);padding-top:14px}.InvestorPaper_table__GCk7T tbody th{font-weight:500;color:var(--ink);width:20%}.InvestorPaper_table__GCk7T td{color:var(--ink-2)}.InvestorPaper_table__GCk7T .InvestorPaper_ours__SBuAA{color:var(--ink);background:var(--accent-wash);padding-left:12px;border-left:1px solid var(--line)}.InvestorPaper_table__GCk7T thead .InvestorPaper_ours__SBuAA{color:var(--accent)}.InvestorPaper_tableNote__0Mo3W{margin:12px 0 0;font-size:13px;color:var(--ink-3)}.InvestorPaper_sources__JC9zE{margin:20px 0 0;padding:0;list-style:none;border-top:1px solid var(--line);max-width:68ch}.InvestorPaper_sources__JC9zE li{display:grid;grid-template-columns:36px 1fr;gap:12px;padding:10px 0;border-bottom:1px solid var(--line);font-size:13.5px;line-height:1.55;color:var(--ink-2)}.InvestorPaper_sourceN__qK6ne{font-family:var(--mono);font-size:11px;color:var(--accent);padding-top:2px}.InvestorPaper_sources__JC9zE a{color:var(--ink-3);text-decoration:underline;text-decoration-color:var(--line);word-break:break-word}.InvestorPaper_sources__JC9zE a:hover{color:var(--accent)}.InvestorPaper_close__rYMed{padding:var(--section-y-tight) 0}.InvestorPaper_closeIn__49923{display:grid;grid-template-columns:minmax(0,7fr) minmax(0,5fr);gap:32px 48px;align-items:end}.InvestorPaper_closeH__z_yIS{margin:20px 0 0;font-family:var(--serif);font-size:var(--type-section);font-weight:500;line-height:1.05;letter-spacing:-.03em;max-width:18ch}.InvestorPaper_closeSub__uCWii{margin:16px 0 0;font-size:17px;color:var(--ink-2);max-width:44ch}.InvestorPaper_closeActions__SOsOs{display:flex;flex-wrap:wrap;gap:12px 22px;align-items:center;padding-bottom:6px}.InvestorPaper_closeActions__SOsOs .btn{text-decoration:none}@media (max-width:900px){.InvestorPaper_closeIn__49923{grid-template-columns:1fr;align-items:start}}