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In this issue

MEET AMERICA’S NEW REGULATOR: ADAM SMITH Nearly a quarter-millennium after publication, The Wealth of Nations has never been more prescient. As Trump deregulates, America’s best corporations, led by the Just 100, are taking the public interest into their own hands—profitably. MICROSOFT’S NEW GROOVE Once dismissed as a hidebound has been, Microsoft is flying high. CEO Satya Nadella’s secret: a cultural reset that has lowered the gates to the software maker’s fortress—and cloud, cloud, cloud.

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