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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Ray Dalio says the U.S. just had its 'Suez moment'—and history says what comes next could end an empire
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What Jasmine Crockett’s loss says about race, gender, and electability in Democratic politics

Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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Emma Hinchliffe
By
Emma Hinchliffe
Emma Hinchliffe
Most Powerful Women Editor
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March 4, 2026, 10:32 AM ET
Representative Jasmine Crockett during a campaign event at New Faith Church in Houston on Monday.
Representative Jasmine Crockett during a campaign event at New Faith Church in Houston on Monday.
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Rep. Jasmine Crockett (D-Texas) came up short last night in her bid to win for Democrats a Texas seat in the U.S. Senate. Victory in the Democratic primary was claimed by state representative James Talarico, who will face off against either John Cornyn or Texas Attorney General Ken Paxton; the GOP primary is heading to a runoff.

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This Democratic primary has been closely watched for what it says about the future of Democrats’ strategy nationwide—not just in Texas. Crockett is known for going up against Republicans with a signature confrontational style and said she would be more focused on reaching new voters than persuading those who supported Trump; Talarico emphasized coalition-building across the state, campaigning in red districts too. A seminarian, his campaign often referenced economic justice through the lens of Christian faith. When it comes to policy, there wasn’t a clear progressive vs. moderate in this race; their differences mostly came down to strategy and political style. As the Texas Tribune put it, voters chose Talarico’s “offering of a political reset over Crockett’s promise to unapologetically wage partisan warfare against the GOP.”

The question of “electability” was a big one in this contest. Democrats were looking for a candidate who could flip Texas—no easy task. And the pressure was on to choose the right candidate, because Democrats think they have a real shot at it for the first time in years. Yet electability can be a loaded word, especially for Black women in politics. What makes someone electable?

Crockett had recently responded to those concerns. “Some people say, ‘Listen, there’s no way that Texas will support a Black woman,” she said. “We are a majority-minority state, we can start there. The reality is that I didn’t run because I was a woman. I ran because I’m qualified. At the end of the day. I just happened to be Black and woman, but I am the most qualified person in this. Period.” Right now, there are two Black women serving as U.S. senators—a high following a stretch when there were zero after Kamala Harris left for the White House.

Ultimately, Talarico won 52.8% of the vote to Crockett’s 45.9%. Crockett conceded this morning and said in a statement that “we must remain united because this is bigger than any one person.” While race and gender played an unavoidable role in this contest, political strategy and style were the biggest factors. In a year of reflection for Democrats, the party’s Texas voters decided that Crockett’s approach is not the one they trust to win.

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

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— Corinne Bailey Rae on critics' response to her music in the 2000s 

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Emma Hinchliffe
By Emma HinchliffeMost Powerful Women Editor
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Emma Hinchliffe is Fortune’s Most Powerful Women editor, overseeing editorial for the longstanding franchise. As a senior writer at Fortune, Emma has covered women in business and gender-lens news across business, politics, and culture. She is the lead author of the Most Powerful Women Daily newsletter (formerly the Broadsheet), Fortune’s daily missive for and about the women leading the business world.

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