Elon Musk loses trillionaire status as SpaceX stock deflates—and Wisconsin officials want him investigated for election ‘bribery’

Good morning. On Fortune’s radar today:

• Elon Musk is no longer a trillionaire…
• … and he’s facing a criminal “bribery” probe in Wisconsin.
• Exclusive: Disney’s $3 billion shipping secret.
• Oil is mysteriously cheap!
• Trump eyes land invasion of Kharg Island.
• Dan Ives joins Trump-linked investment group.
• Countries of the world ranked by inflation.

📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here.

This story was originally featured on Fortune.com