
- In today’s CEO Daily: Peter Vanham talks to Nobel prize winner Simon Johnson about how CEOs should deal with President Trump.
- The big story: Nvidia banned from exporting chips to China.
- The markets: Moving down.
- Analyst notes from Bank of America on airline cuts, WARC on adspend, and Goldman Sachs on investors exiting U.S. trades.
- Plus: All the news and watercooler chat from Fortune.
Good morning. Nobel prize winners Simon Johnson and Daron Acemoglu wrote a whole book, Power and Progress, about the need to seize back control from a small elite of hubristic, messianic leaders pursuing their own interests (it helped them win the prestigious 2024 Economics prize).