
Good morning.
As my colleague Lee Clifford notes in our inaugural ranking of the 100 Most Powerful People in Business, power is nuanced: hard-won and easily lost, it’s never static. Elon Musk has increased his power with Trump’s victory, while rivals may one day disrupt the dominance of Nvidia CEO Jensen Huang. We previewed the list last night at our gala dinner for the Fortune Global Forum, which continues with a power-packed agenda today.