Fortune Future 50 still dominated by tech despite short-term pain

News Snapshot:

Good morning. Another day, another list. Today, it’s the Fortune Future 50, which we have been doing since 2017 with the smart folks at Boston Consulting Group’s Henderson Institute. This one assesses 1,700 global public companies based on their long-term growth prospects, using a formula that includes market expectations but also a variety of other factors such as research and development spending, patent portfolios, relatively youthful and stable leadership, and lean corporate structures. Tech companies dominate the list, which says something about where the world is headed. Snowflake, a data cloud company based in Bozeman, Montana, is at the top....