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html:has(.ls-editorial){scrollbar-color:#51585b #090a0b;scroll-padding-top:calc(var(--site-header-height,76px) + 24px)}
.ls-editorial h1,.ls-editorial h2,.ls-editorial h3{font-family:var(--body);font-weight:500;letter-spacing:-.035em;text-wrap:balance}
.ls-editorial h1{font-size:clamp(40px,4.8vw,68px);line-height:1.08}
.ls-editorial h2{font-size:clamp(30px,3.6vw,48px);line-height:1.12}
.ls-editorial h3{font-size:26px;line-height:1.25;letter-spacing:-.02em}
.ls-editorial main{max-width:none;padding:0}
.ls-editorial .ls-button,.ls-editorial button{border-radius:3px;transition:background-color .18s,color .18s,border-color .18s}
.ls-editorial .ls-button{font-size:14px;font-weight:500;padding:14px 20px;min-height:50px;gap:24px}
.ls-editorial .ls-button:hover{background:#d7e4dd;border-color:#d7e4dd;color:#090a0b}
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.ls-editorial .ls-text-link:hover{color:var(--accent)}
.ls-editorial .ls-text-link svg{width:20px;height:20px}
.ls-editorial input,.ls-editorial select,.ls-editorial textarea{border-radius:3px}
.ls-editorial .ls-note,.ls-editorial figcaption{font-size:13px;line-height:1.65}

/* One compact header; the narrow layout opens a real navigation menu. */
.ls-editorial .ls-site-header{padding:14px var(--page-gutter);min-height:76px;gap:28px;flex-wrap:nowrap;background:#090a0b;border-bottom-color:#24292b}
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.ls-editorial .ls-brand img{width:48px;height:auto}
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.ls-editorial .ls-site-header nav a[aria-current=page]{color:#fff;border-bottom-color:var(--accent)}
.ls-editorial .ls-site-header nav a:hover{color:#fff}
.ls-editorial .ls-site-header nav a:is([data-docsend-room],[data-docsend-memo]){gap:5px}
.ls-editorial .ls-site-header nav a:is([data-docsend-room],[data-docsend-memo])>svg{width:12px;height:12px}
.ls-editorial .ls-header-interest{font-size:13px;min-height:44px;padding:10px 16px;border:1px solid #6a7377;border-radius:3px;margin:0;display:inline-flex;align-items:center;justify-content:center}
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.ls-nav-toggle svg{width:22px;height:22px}
.ls-editorial .ls-nav-toggle:hover:not(:disabled),.ls-editorial .ls-nav-toggle:active{background:transparent;color:#fff}
.ls-editorial.is-menu-open{overflow:hidden}

.ls-editorial .ls-page-panel{max-width:1440px;margin-inline:auto;padding-inline:var(--page-gutter)}
.ls-editorial .ls-page-panel[data-page-panel=overview]{max-width:none;padding:0}
.ls-editorial .ls-page-panel[data-page-panel=overview]>section:not(.ls-reference-hero),.ls-editorial [data-overview-interest-slot]{width:calc(100% - 2*var(--page-gutter));max-width:1280px;margin-inline:auto}
.ls-editorial .longshot-brief>.ls-interest-prompt{max-width:1440px;padding-inline:var(--page-gutter);margin-inline:auto}
.ls-editorial .ls-page-panel>section.ls-section,.ls-editorial .ls-section{padding-top:88px;padding-bottom:88px;scroll-margin-top:0}
.ls-editorial .ls-section-heading{display:grid;grid-template-columns:1fr 1fr;align-items:end;gap:64px;max-width:none;margin-bottom:52px}
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.ls-editorial .ls-section-heading p{font-size:18px;line-height:1.65;margin:0;max-width:50ch;color:var(--muted)}
.ls-editorial .ls-section-heading:has(>h1:only-child){display:block}
.ls-editorial .ls-company-nav{margin:0;gap:30px;padding:20px 0 0;border-bottom:1px solid var(--line);overflow-x:auto}
.ls-editorial .ls-company-nav a{font-size:14px;padding:12px 0 15px;min-height:48px;white-space:nowrap}

/* Real research footage carries the opening; the offer remains legible. */
.ls-editorial .ls-reference-hero{position:relative;isolation:isolate;display:flex;align-items:center;justify-content:start;height:calc(100svh - var(--site-header-height,76px));min-height:660px;max-height:960px;width:100%;margin:0;background:#0b0f12;overflow:hidden}
.ls-editorial .ls-reference-hero::after{position:absolute;inset:0;z-index:0;content:'';pointer-events:none;background:linear-gradient(90deg,rgba(0,0,0,.88),rgba(0,0,0,.72) 58%,rgba(0,0,0,.26)),linear-gradient(0deg,rgba(0,0,0,.55),transparent 35%)}
.ls-hero-poster,.ls-hero-film{position:absolute;inset:0;width:100%;height:100%;object-fit:cover;object-position:center}
.ls-hero-film{opacity:0}
.has-playing-film .ls-hero-film{opacity:1}
.ls-editorial .ls-hero-identity{position:relative;z-index:1;width:100%;max-width:1440px;margin:auto;padding:72px var(--page-gutter) 112px;text-align:left}
.ls-editorial .ls-reference-hero .ls-wordmark{width:240px;height:auto;margin:0 0 34px}
.ls-editorial .ls-reference-hero h1.ls-hero-descriptor{font:500 clamp(43px,5.3vw,76px)/1.05 var(--body);letter-spacing:-.035em;max-width:20ch;color:#fff;margin:0 0 28px;text-wrap:balance}
.ls-editorial .ls-hero-context{font-size:17px;line-height:1.65;max-width:48ch;margin:0 0 30px;color:#e4e8e7}
.ls-editorial .ls-hero-memo{position:static;display:inline-flex;transform:none;color:#090a0b;background:#f5f5f3;border-color:#f5f5f3;text-shadow:none;font-size:14px;margin:0}
.ls-hero-motion{position:absolute;z-index:2;bottom:24px}
.ls-editorial .ls-hero-motion{right:var(--page-gutter);min-height:44px;display:flex;align-items:center;gap:9px;padding:8px 12px;background:#090a0bcc;border:1px solid #828b8e;color:#fff;font-size:12px}
.ls-hero-motion svg{width:17px;height:17px}
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/* The memo is an early, single handoff; the thesis has its own reading space. */
.ls-editorial .ls-memo-entry{padding:30px 0;margin:0;border:0;border-bottom:1px solid var(--line);grid-template-columns:58px minmax(0,1fr) auto;gap:22px}
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.ls-editorial .ls-memo-entry h2{font:500 23px/1.2 var(--body);letter-spacing:-.025em;margin:0 0 8px}
.ls-editorial .ls-memo-entry p{font-size:13px;margin:0;color:var(--muted)}
.ls-editorial .ls-memo-entry-actions{gap:8px 22px;align-items:center}
.ls-editorial .ls-memo-entry-actions>.ls-note{font-size:12px}
.ls-editorial .ls-library-entry{font-size:13px}
.ls-editorial .ls-intro.ls-investment-case{display:grid;grid-template-columns:minmax(0,1fr) minmax(0,1fr);grid-template-areas:"heading visual" "copy visual";column-gap:64px;row-gap:0;max-width:1280px!important;padding-top:88px;padding-bottom:88px;align-items:start}
.ls-editorial .ls-investment-case>div{max-width:64ch}
.ls-case-heading{grid-area:heading}.ls-case-body{grid-area:copy}.ls-case-visual{grid-area:visual;align-self:center}
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.ls-editorial .ls-investment-case .ls-lead{font-size:25px;line-height:1.4;max-width:32ch;margin:0 0 24px;color:var(--ink)}
.ls-editorial .ls-investment-case>div>p:not(.ls-lead){font-size:17px;line-height:1.75;max-width:60ch;color:var(--muted);margin-bottom:24px}
.ls-case-actions{display:flex;align-items:center;gap:24px;flex-wrap:wrap}
.ls-editorial .ls-case-risks{margin:0}
.ls-case-visual img{width:100%;height:auto;aspect-ratio:16/10;object-fit:cover;border-radius:3px}
.ls-case-visual figcaption{text-align:right}

/* Three distinct horizons, each read alongside its image on wide screens. */
.ls-editorial .ls-chapters{padding-top:80px;border-top:1px solid var(--line)}
.ls-editorial .ls-chapter-tabs{border:0;border-bottom:1px solid var(--line);margin-bottom:38px}
.ls-editorial .ls-chapter-tabs button{border:0;border-bottom:2px solid transparent;border-radius:0;padding:15px 0;justify-content:start;font-size:17px;min-height:56px;background:transparent}
.ls-editorial .ls-chapter-tabs button[aria-selected=true]{border-bottom-color:var(--accent);color:var(--ink)}
.ls-editorial .ls-chapter-tabs button:hover{background:transparent;color:var(--ink)}
.ls-editorial .ls-chapter{grid-template-columns:minmax(0,1.15fr) minmax(0,.85fr);gap:56px;align-items:center}
.ls-editorial .ls-chapter figure img{width:100%;height:auto;aspect-ratio:16/10;object-fit:cover;object-position:center 42%;border-radius:3px}
.ls-editorial .ls-chapter-copy{max-width:none}
.ls-editorial #chapter-service figure img,.ls-editorial #chapter-space figure img{object-fit:contain;background:#090a0b}
.ls-editorial .ls-chapter-copy h3{font-size:clamp(26px,2.5vw,34px);line-height:1.2;max-width:25ch;margin-bottom:24px}
.ls-editorial .ls-chapter-reading{font:500 28px/1.3 var(--body);letter-spacing:-.025em;margin-bottom:8px;color:var(--accent)}
.ls-editorial .ls-chapter-copy>p:not(.ls-note):not(.ls-chapter-reading){font-size:16px;line-height:1.75;max-width:55ch;color:var(--muted);margin-bottom:20px}
.ls-editorial .ls-chapter-copy dl{margin:24px 0 18px}
.ls-editorial .ls-chapter-copy dl>div{padding:13px 0}
.ls-editorial .ls-chapter-copy dt,.ls-editorial .ls-chapter-copy dd{font-size:13px;line-height:1.55}
.ls-editorial .ls-deal-sheet{margin-top:20px;margin-bottom:84px;border-radius:3px}
.ls-editorial [data-overview-interest-slot] .ls-interest-prompt{padding:36px 0 60px}

/* Company reading surfaces share the same hierarchy and measured columns. */
.ls-editorial .ls-cad{margin:0 0 72px;border-radius:3px;overflow:hidden}
.ls-editorial .ls-cycle-heading{display:grid;grid-template-columns:1fr 1fr;align-items:end;gap:64px}
.ls-editorial .ls-cycle-heading h2{font-size:clamp(30px,3.5vw,46px);max-width:22ch}
.ls-editorial .ls-cycle-heading>p{font-size:17px;max-width:52ch;color:var(--muted)}
.ls-editorial .ls-cycle-panel{display:grid;grid-template-columns:minmax(0,1.2fr) minmax(0,.8fr);gap:48px;align-items:center}
.ls-editorial .ls-cycle-panel img{aspect-ratio:4/3;max-height:none}
.ls-editorial .ls-cycle-copy{margin-top:0}
.ls-editorial .ls-cycle-copy h3{font-size:29px}
.ls-editorial .ls-cycle-copy p{font-size:17px;line-height:1.7}
.ls-editorial .ls-technology-grid{display:grid;grid-template-columns:1fr 1fr;gap:72px;max-width:none;margin-top:72px;align-items:start}
.ls-editorial .ls-technology-grid h3{font-size:28px;margin-bottom:24px}
.ls-editorial .ls-technology-grid p{font-size:17px;line-height:1.7;color:var(--muted)}
.ls-editorial .ls-timeline{margin-top:0}
.ls-editorial .ls-timeline li{padding:22px 0}
.ls-editorial .ls-panorama{margin-top:0}
.ls-editorial .ls-team{gap:36px}
.ls-editorial .ls-team article{min-width:0}
.ls-editorial .ls-team article>img{width:100%;height:auto;aspect-ratio:4/5;object-fit:cover;max-height:390px;border-radius:3px;margin-bottom:24px}
.ls-editorial .ls-team h3{font-size:24px;margin-bottom:8px}
.ls-editorial .ls-team p{font-size:15px;line-height:1.7;color:var(--muted)}
.ls-editorial .ls-operators{margin-top:88px}
.ls-editorial .ls-operator-grid{gap:30px}
.ls-editorial .ls-operator-grid article>img{border-radius:3px}
.ls-editorial .ls-operator-grid h3{font-size:20px}
.ls-editorial .ls-operator-grid p{font-size:14px;line-height:1.65}
.ls-editorial .ls-hardware{margin-top:72px}
.ls-editorial .ls-backing-intro{max-width:none;align-items:center;gap:32px;margin-bottom:32px}
.ls-editorial .ls-backing-intro h1{max-width:none;font-size:clamp(34px,3.4vw,48px)}
.ls-editorial .ls-backing-intro>p{font-size:16px;line-height:1.6;max-width:46ch}
.ls-backing-intro>p strong{font-weight:500;color:var(--ink)}
.ls-editorial .ls-backing-heading h2{font:500 29px/1.2 var(--body)}
.ls-editorial .ls-investor h3{font-size:19px;font-weight:500}
.ls-editorial .ls-backing-cohort{gap:56px}

/* Financial inputs stay separate from company forecasts. */
.ls-editorial .ls-economics-grid{display:grid;grid-template-columns:minmax(0,1fr) minmax(0,1fr);gap:72px;max-width:none;align-items:start}
.ls-editorial .ls-economics-grid>.ls-build-budget{margin:0;max-width:none}
.ls-editorial .ls-build-budget>h3,.ls-editorial .ls-scenario>h3{font-size:28px;margin-bottom:24px}
.ls-editorial .ls-build-budget>p{font-size:16px;line-height:1.75;color:var(--muted)}
.ls-editorial .ls-build-budget>.ls-note{font-size:13px}
.ls-editorial .ls-scenario{padding:32px;background:#141719;border:0;border-radius:3px}
.ls-editorial .ls-economics>.ls-section-heading{display:block;max-width:850px}
.ls-editorial .ls-economics>.ls-section-heading p{margin-top:24px;max-width:66ch}
.ls-editorial .ls-range-control{display:grid;gap:4px;margin-top:14px}
.ls-editorial .ls-range-control output{justify-self:end;font-size:17px}
.ls-range-input{position:relative;min-width:0}
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.ls-editorial .ls-volume-scale{position:relative;display:block;height:43px;margin:0 5px 8px;font-size:11px;line-height:1.3}
.ls-editorial .ls-volume-scale>span{position:absolute;top:0;margin:0}
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.ls-editorial .ls-volume-scale>span:nth-child(2){left:81.1111%;transform:translateX(-50%);text-align:center;padding-top:6px}
.ls-editorial .ls-volume-scale>span:nth-child(2)::before{position:absolute;content:'';left:50%;top:-8px;width:1px;height:10px;background:var(--muted)}
.ls-editorial .ls-volume-scale>span:last-child{right:0}

.ls-editorial .ls-capex.ls-capital-planner{display:grid;grid-template-columns:minmax(0,.9fr) minmax(0,1.1fr);gap:72px;padding-top:72px;margin-top:80px}
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.ls-editorial .ls-capital-controls>p{font-size:17px;line-height:1.7;max-width:56ch}
.ls-editorial .ls-capital-results{margin-top:0;max-width:none}
.ls-history{margin:24px 0}
.ls-history>summary{min-height:52px;padding:14px 0;font-size:15px;gap:16px}
.ls-history-content{padding:2px 0 12px}
.ls-history .ls-table-scroll{margin:0 0 18px}
.ls-history-table{table-layout:fixed;font-size:13px;line-height:1.45;font-variant-numeric:tabular-nums}
.ls-history-table caption{font-size:12px;padding:0 0 12px}
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.ls-history-table th:last-child,.ls-history-table td:last-child{padding-right:0}
.ls-history-table thead th{font-size:12px;font-weight:400;color:var(--muted)}
.ls-history-table tbody th{font-weight:400}
.ls-history-table thead th:not(:first-child),.ls-history-table td{text-align:right;white-space:nowrap}
.ls-history-context,.ls-history-reserve{max-width:75ch;font-size:14px;line-height:1.65;color:var(--muted)}
.ls-history-context p,.ls-history-reserve p{font-size:inherit;line-height:inherit;margin:0}
.ls-history-context p+p{margin-top:12px}
.ls-history-reserve{margin-top:18px;padding-top:16px;border-top:1px solid var(--line)}
.ls-history-reserve h4{margin:0 0 8px;font-size:14px;color:var(--ink)}

.ls-editorial .ls-risk-visuals{display:grid;grid-template-columns:1fr 1fr;gap:72px;max-width:none;padding-top:32px}
.ls-editorial .ls-risk-visuals h2{font-size:28px}
.ls-editorial .ls-risk-register{margin-top:72px}
.ls-editorial .ls-risk-register-heading{display:flex;max-width:none;margin-bottom:36px}
.ls-editorial .ls-risk-register-heading h2{font-size:35px}
.ls-editorial .ls-risk-register-heading p{font-size:16px;line-height:1.65;color:var(--muted)}
.ls-editorial .ls-risk-entry{display:grid;grid-template-columns:minmax(0,.8fr) minmax(0,1fr) minmax(0,1fr);gap:40px;max-width:none;padding:32px 0}
.ls-editorial .ls-risk-entry h3{font-size:24px}
.ls-editorial .ls-risk-phase{font-size:13px;margin:0 0 10px}
.ls-editorial .ls-risk-basis{font-size:14px;line-height:1.65;max-width:45ch}
.ls-editorial .ls-risk-exposure,.ls-editorial .ls-risk-evidence{margin-top:0}
.ls-editorial .ls-risk-exposure>p,.ls-editorial .ls-risk-evidence>p{font-size:16px;line-height:1.7}
.ls-editorial .ls-risk-financing-context{font-size:13px;margin-top:0}
.ls-editorial .ls-risk-expansion{max-width:none;margin-top:48px;padding-top:48px}
.ls-editorial .ls-risk-expansion h2{font-size:32px}
.ls-editorial .ls-risk-expansion-heading,.ls-editorial .ls-risk-expansion-copy{display:grid;grid-template-columns:1fr 1fr;gap:56px}
.ls-editorial .ls-risk-expansion-copy p{font-size:16px;line-height:1.7}

/* Media and material discovery retain their working controls. */
.ls-editorial .ls-cinema{grid-template-columns:minmax(0,1.6fr) minmax(0,1fr);gap:40px}
.ls-editorial .ls-video-caption{max-width:none}
.ls-editorial .ls-video-caption h2{font-size:24px}
.ls-editorial .ls-video-caption p{font-size:15px;line-height:1.65}
.ls-editorial .ls-playlist{display:flex;flex-direction:column;gap:0}
.ls-editorial .ls-playlist>button{border-radius:0;padding:18px 0;min-height:94px}
.ls-editorial .ls-playlist strong{font-size:14px}
.ls-editorial .ls-gallery-section{margin-top:72px;padding-top:64px}
.ls-editorial .ls-gallery img,.ls-editorial .ls-video-stage{border-radius:3px}
.ls-editorial .ls-room-intro h1{font-size:clamp(40px,4.8vw,68px);line-height:1.1}
.ls-editorial .ls-room-intro{gap:72px;padding-bottom:56px}
.ls-editorial .ls-room-intro figure img{aspect-ratio:4/3;border-radius:3px}
.ls-editorial .ls-room-intro>div>p{font-size:17px;line-height:1.7}
.ls-editorial .ls-room-memo h2,.ls-editorial .ls-library-heading h2{font-family:var(--body);font-weight:500}
.ls-editorial .ls-memo-handoff{gap:64px}
.ls-editorial .ls-memo-handoff h3{font-size:30px}
.ls-editorial .ls-interest-dialog{border:1px solid #485155;border-radius:5px;background:#111517}
.ls-editorial .ls-interest-dialog h2{padding-right:32px;font-size:32px;font-weight:500}
.ls-editorial .ls-interest-prompt{border-top:1px solid var(--line);padding:30px 0;gap:20px}
.ls-editorial .ls-interest-prompt>p{font-size:18px}
.ls-editorial .ls-interest-page h1{max-width:18ch}
.ls-next-steps{padding-left:22px;margin:28px 0;max-width:65ch}
.ls-next-steps li{padding-left:8px;margin:14px 0}
.ls-editorial .ls-site-footer{max-width:1440px;margin:auto;padding:34px var(--page-gutter);gap:36px;font-size:12px;border-top:1px solid var(--line)}
.ls-editorial .ls-site-footer p,.ls-editorial .ls-site-footer>a{font-size:12px;line-height:1.7}
.ls-subfolder-open>svg{width:18px;height:18px;flex:none}
.ls-interest-dialog .ls-dialog-close>svg{width:22px;height:22px}

/* The explicitly requested UNION-style table keeps its compact local hierarchy. */
.ls-editorial .ls-deal-sheet-heading h2{font:400 28px/1.2 var(--body);letter-spacing:0;margin:0 0 6px}
.ls-editorial .ls-terms-group>h3{font:700 13px/1.4 var(--body);letter-spacing:0;margin:0 0 8px}
.ls-editorial .ls-cad img{display:block;width:100%;height:auto;min-height:0;object-fit:contain;background:#fff}

@media(max-width:1080px){
 .ls-editorial .ls-site-header{min-height:70px;padding-block:12px;gap:22px}
 .ls-editorial .ls-header-interest{margin-left:auto}
 .ls-editorial .ls-nav-toggle{display:inline-flex}
 .ls-editorial .ls-site-header nav{position:fixed;z-index:31;top:var(--site-header-height,70px);left:0;right:0;bottom:0;margin:0;padding:28px var(--page-gutter) 60px;width:100%;display:flex;flex-direction:column;justify-content:flex-start;align-items:start;gap:0;background:#090a0b;overflow-y:auto;visibility:hidden;opacity:0;pointer-events:none;transform:translateY(-8px);transition:opacity .2s,transform .2s,visibility .2s}
 .ls-editorial .ls-site-header.is-menu-open nav{visibility:visible;opacity:1;pointer-events:auto;transform:translateY(0)}
 .ls-editorial .ls-site-header nav a{font-size:28px;line-height:1.3;width:100%;min-height:66px;padding:14px 0;border-bottom:1px solid var(--line);justify-content:space-between}
 .ls-editorial .ls-site-header nav a[aria-current=page]{color:var(--accent);border-bottom-color:var(--line)}
 .ls-editorial .ls-site-header nav a:is([data-docsend-room],[data-docsend-memo])>svg{width:20px;height:20px}
 .ls-editorial .ls-reference-hero{min-height:640px}
 .ls-editorial .ls-reference-hero::after{background:linear-gradient(90deg,rgba(0,0,0,.84),rgba(0,0,0,.72) 70%,rgba(0,0,0,.64)),linear-gradient(0deg,rgba(0,0,0,.55),transparent 35%)}
 .ls-editorial .ls-section-heading{gap:40px}
 .ls-editorial .ls-intro.ls-investment-case{gap:44px}
 .ls-editorial .ls-investment-case .ls-lead{font-size:22px}
 .ls-editorial .ls-chapter{gap:36px;grid-template-columns:minmax(0,1fr) minmax(0,1fr)}
 .ls-editorial .ls-memo-entry{grid-template-columns:58px minmax(0,1fr)}
 .ls-editorial .ls-memo-entry-actions{grid-column:2;justify-content:start}
 .ls-editorial .ls-technology-grid,.ls-editorial .ls-economics-grid,.ls-editorial .ls-capex.ls-capital-planner{gap:44px}
 .ls-editorial .ls-risk-entry{gap:28px}
 .ls-editorial .ls-cinema{grid-template-columns:minmax(0,1fr)}
 .ls-editorial .ls-playlist{display:grid;grid-template-columns:1fr 1fr;gap:0 30px}
}
@media(max-width:800px){
 .ls-editorial .ls-page-panel>section.ls-section,.ls-editorial .ls-section{padding-top:64px;padding-bottom:64px}
 .ls-editorial .ls-section-heading,.ls-editorial .ls-cycle-heading{grid-template-columns:minmax(0,1fr);gap:24px;margin-bottom:36px}
 .ls-editorial .ls-section-heading p{font-size:17px;max-width:60ch}
 .ls-editorial .ls-intro.ls-investment-case{grid-template-columns:minmax(0,1fr);grid-template-areas:"heading" "visual" "copy";gap:24px;padding-top:64px;padding-bottom:64px}
 .ls-editorial .ls-case-heading .ls-lead{margin-bottom:0}
 .ls-editorial .ls-cycle-panel{grid-template-columns:minmax(0,1fr);gap:26px}
 .ls-case-visual{max-width:620px}
 .ls-case-visual img{aspect-ratio:16/10}
 .ls-editorial .ls-investment-case .ls-lead{max-width:40ch;font-size:24px}
 .ls-editorial .ls-chapter{grid-template-columns:minmax(0,1fr);gap:30px}
 .ls-editorial .ls-chapter figure img{aspect-ratio:16/10}
 .ls-editorial .ls-chapter-copy{max-width:65ch}
 .ls-editorial .ls-technology-grid,.ls-editorial .ls-economics-grid,.ls-editorial .ls-capex.ls-capital-planner{grid-template-columns:minmax(0,1fr);gap:48px}
 .ls-editorial .ls-risk-visuals{grid-template-columns:minmax(0,1fr);gap:48px}
 .ls-editorial .ls-risk-register-heading{display:block}
 .ls-editorial .ls-risk-register-heading p{margin-top:18px;max-width:60ch}
 .ls-editorial .ls-risk-entry{grid-template-columns:minmax(0,1fr);gap:24px}
 .ls-editorial .ls-risk-financing-context{grid-column:auto}
 .ls-editorial .ls-risk-expansion-heading,.ls-editorial .ls-risk-expansion-copy{grid-template-columns:minmax(0,1fr);gap:24px}
 .ls-editorial .ls-risk-expansion-heading>p{margin:0}
 .ls-editorial .ls-room-intro{gap:36px}
 .ls-editorial .ls-memo-handoff{gap:30px}
}
@media(max-width:560px){
 .ls-editorial{--page-gutter:22px}
 .ls-editorial .ls-site-header{min-height:66px;gap:18px;padding-block:10px}
 .ls-editorial .ls-brand strong{display:none}
 .ls-editorial .ls-brand img{width:44px}
 .ls-editorial .ls-header-interest{font-size:12px;padding:9px 12px}
 .ls-editorial .ls-nav-toggle{font-size:12px;gap:8px}
 .ls-editorial .ls-reference-hero{height:calc(100svh - var(--site-header-height,66px));min-height:650px;max-height:none;align-items:start}
 .ls-editorial .ls-hero-identity{padding-top:58px;padding-bottom:112px}
 .ls-editorial .ls-reference-hero .ls-wordmark{width:180px;margin-bottom:30px}
 .ls-editorial .ls-reference-hero h1.ls-hero-descriptor{font-size:clamp(36px,9.7vw,48px);line-height:1.08;letter-spacing:-.03em;max-width:19ch;margin-bottom:24px}
 .ls-editorial .ls-hero-context{font-size:15px;line-height:1.65;max-width:36ch;margin-bottom:26px}
 .ls-editorial .ls-hero-memo{font-size:13px;padding:13px 16px;gap:18px}
 .ls-editorial .ls-hero-credit{font-size:10px;max-width:112px;bottom:29px}
 .ls-editorial .ls-hero-motion{font-size:11px;gap:6px;right:var(--page-gutter)}
 .ls-editorial .ls-status-line{flex-direction:column;gap:5px;padding:17px 0;font-size:11px}
 .ls-editorial .ls-memo-entry{grid-template-columns:48px minmax(0,1fr);gap:16px}
 .ls-editorial .ls-memo-entry>img{width:48px;height:64px}
 .ls-editorial .ls-memo-entry h2{font-size:21px}
 .ls-editorial .ls-memo-entry-actions{grid-column:1/-1;gap:10px;justify-content:start}
 .ls-editorial .ls-memo-entry-actions>.ls-note{font-size:11px}
 .ls-editorial .ls-investment-case .ls-lead{font-size:22px}
 .ls-editorial .ls-investment-case>div>p:not(.ls-lead){font-size:16px}
 .ls-case-actions{gap:10px 24px}
 .ls-editorial .ls-chapter-tabs{display:flex;gap:18px}
 .ls-editorial .ls-chapter-tabs button{flex:1;min-width:0;font-size:14px;line-height:1.4;text-align:left;align-items:start}
 .ls-editorial .ls-chapter-copy h3{font-size:26px;max-width:28ch}
 .ls-editorial .ls-chapter-reading{font-size:25px}
 .ls-editorial .ls-deal-sheet{margin-top:0;margin-bottom:56px}
 .ls-editorial .ls-cycle-copy h3{font-size:25px}
 .ls-editorial .ls-technology-grid h3{font-size:26px}
 .ls-editorial .ls-company-nav{gap:26px;padding-top:12px}
 .ls-editorial .ls-company-nav a{font-size:13px}
 .ls-editorial .ls-playlist{grid-template-columns:minmax(0,1fr)}
 .ls-editorial .ls-gallery-section{margin-top:48px;padding-top:44px}
 .ls-editorial .ls-scenario{padding:26px 20px}
 .ls-editorial .ls-site-footer{gap:18px;padding-top:28px;padding-bottom:30px}
 .ls-editorial .ls-site-footer p{font-size:11px}
}
@media(prefers-reduced-motion:reduce){.ls-editorial *{scroll-behavior:auto!important;transition:none!important;animation:none!important}}

@media(max-width:800px){
 .ls-editorial .ls-backing-intro{gap:14px;margin-bottom:28px}
 .ls-editorial .ls-backing-intro>p{font-size:15px}
}