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Fortune

Emma Hinchliffe, Joseph Abrams

Female CEOs run a record-high 5.8% of Fortune Global 500 companies

Fortune Vodafone

(Credit: Della Valle: Courtesy of Vodafone, Tan: Eric Rechsteiner; Sweet: Jason Alden—Getty Images)

Good morning, Broadsheet readers! CVS plans to cut 5,000 jobs, Henrietta Lacks gets some justice, and female CEOs run a record high 5.8% of Global 500 businesses. Have a wonderful Wednesday!

-Going global. Fortune's Global 500 ranks the 500 largest companies in the world by revenue—an even more challenging cohort to become a part of than the well-known Fortune 500, which only includes U.S. businesses. The smallest company on the Global 500 has revenues of $30.9 billion, compared to $7.2 billion for the Fortune 500.

On the new edition of the Global 500 out today, 29 of the 500 businesses are led by female CEOs. That's up 20% from last year's 24 female chief executives, for a total share of 5.8%. The Global 500 trails the Fortune 500, where women now run 10.4% of businesses.

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