The fall of Elon Musk down Fortune’s 100 Most Powerful People in Business list shows how power is impermanent

In today’s CEO Daily: Diane Brady on Fortune’s 100 Most Powerful People in Business list. The big story: Grand jury to probe Trump’s “Russia hoax” allegations. The markets: Coming back nicely. Plus: All the news and watercooler chat from Fortune. Good morning. Fortune’s 2025 ranking of the…