In HBO’s high-stakes finance drama Industry, Season 4 Episode 7, titled “Points of Emphasis” (often referred to in discussions as focusing on “the takedown”), serves as the penultimate chapter, delivering a brutal unraveling of schemes, betrayals, and fragile alliances. Airing on February 22, 2026, this episode, written and directed by series creators Mickey Down and Konrad Kay, brings the season’s central conflict—Tender’s fraudulent fintech empire—to a crashing climax while reuniting two of the show’s most compelling characters in an emotionally charged sequence.
The episode opens in the tense, cursed bedroom shared by Yasmin Kara-Hanani explosive “guru terrorist manifesto”—a damning document exposing Tender’s house-of-cards operations, including fabricated acquisitions and misleading revenue streams. Henry pleads innocence (“I’m not guilty”), but Yasmin sharply retorts that guilt no longer matters in this world of optics and survival. Their marriage, already strained by Henry’s depression, infidelity hints, and addiction struggles, teeters on the edge.
Meanwhile, Whitney—portrayed as a cold, reptilian operator—attempts one final desperate maneuver to salvage his vision. He pushes for aggressive growth through hostile takeovers, shockingly targeting Al-Miraj Pierpoint (a nod to the collapsed bank from earlier seasons) as a way to generate “real” revenue and legitimize Tender 2.0.
Henry, desperate and outmatched, reluctantly agrees, but the plan crumbles almost immediately. Whitney vanishes, leaving his phone behind in a symbolic abandonment—a clear sign he’s jumped ship, leaving Henry to face the catastrophe alone.
The real emotional core of the episode lies in the long-awaited reconciliation between Yasmin and Harper Stern . Harper, having shorted Tender aggressively with her SternTao team, stands to profit enormously from its collapse. Yasmin, realizing the extent of the fraud and her own entanglement, takes the “nuclear option”: she resigns from Tender and leaks damning information through her connections (including Henry’s uncle, Viscount Alexander, and the Norton media group) to accelerate the company’s downfall and sever ties with her failing marriage.
This betrayal leaves Henry isolated and devastated. Yasmin’s actions not only torpedo Tender but also her personal life, forcing her to confront the consequences of ambition and loyalty in the cutthroat world of finance.
The episode’s standout moment arrives when Yasmin and Harper reconnect over drinks. They openly admit their mutual jealousy and past rivalries, shedding layers of armor in a raw, vulnerable exchange. Yasmin asks, “How the fuck did we get here?”—a line that encapsulates the season’s themes of moral drift and isolation.
What follows is a euphoric, nostalgic night out: the two women take pills, hit the club, lose themselves in Daft Punk’s “Veridis Quo,” share a tender kiss on the dance floor (more about reconnection than romance), and end up smoking on the floor like carefree teenagers. It’s a rare moment of pure escape in a series defined by predation and power plays, highlighting loneliness as the true unifier between them.
As Harper drifts without her mentor Eric Tao (Ken Leung, absent here after his exit in prior episodes), and Yasmin burns bridges, their friendship emerges as the season’s emotional anchor. Critics have praised this sequence as a culmination of four seasons of tension, with stars Myha’la and Marisa Abela delivering career-highlight performances.
With Tender in ruins, Whitney in the wind, and Henry left holding the bag, the episode sets up an explosive finale. “Points of Emphasis” exposes the vipers in the room, reminds us that blame is always externalized (“Other people let this happen”), and reaffirms that in Industry, survival often means betrayal—and sometimes, a night of reckless freedom with the one person who truly understands the game.
The season’s final episode promises to resolve these threads—will Harper and Yasmin’s bond endure, or will the industry’s ruthless logic pull them apart once more?