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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

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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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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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The beauty founder who built a business on QVC is ready as America discovers a new love for live shopping

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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May 7, 2026, 1:28 PM ET
Victoria Jackson dominated QVC with informercials in the 1990s. Her new brand is No Makeup Makeup.
Victoria Jackson dominated QVC with informercials in the 1990s. Her new brand is No Makeup Makeup. Ari Perilstein/Getty Images for The Guthy-Jackson Charitable Foundation
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Americans are finally getting on board with live shopping. While the format has been exceedingly popular in Asia for years, it’s taken a while to catch on here. (Bloomberg just reported that livestream app sales made up 60% of ecommerce in China in 2024 compared to 5% in the U.S.) The app Whatnot, though, has finally cracked the code in the U.S. with auctions that sometimes take place in seconds.

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It’s an interesting development for Victoria Jackson, who built a namesake cosmetics brand in the 1980s and then sold her products via 30-minute infomercials and on QVC in the 1990s. She often did half-faces of makeup to show the impact of a look live on air. At the time, it wasn’t always a respected format. “Infomercials at the time had such a bad rap,” she told me recently. She didn’t understand why: “It was always so frustrating to me. I just get to have half an hour to tell my story and reach 20,000 new customers a week.” What was bad about that?

Now, in some ways, today’s shopping startups are rediscovering the model that Jackson helped build decades ago—only it’s being packaged for social apps instead of cable.

Now 70, Jackson last year returned to the beauty business with a new brand called No Makeup Makeup, a phrase she had trademarked decades ago. The brand sells a curated assortment, operating with the philosophy that less is more. Its foundations have a “flex shade technology” that adapts to match different skin tones, so it only sells 13 shades that look different on everyone. People have a hard time believing that one of the 13 shades will work for them, so Jackson has been demonstrating the formulas on—where else?—QVC.

While different audiences might be watching QVC compared to those browsing TikTok Shop, the rise of live commerce elsewhere, plus beauty tutorials on YouTube, has helped dissipate some of that infomercial stigma. Beauty has become a natural fit for live commerce because consumers want to see texture, color matching, and application in real time. QVC has never quite cracked digital, but algorithmic discovery on TikTok and the rise of creators translated the format QVC pioneered to a new generation. QVC filed for Chapter 11 bankruptcy last month but said its shopping shows will continue and it’s viewing the bankruptcy as a reset as it pursues growth again.

It could capture growth in the AI era where we’re all inundated with manipulated content or even just highly curated posts from influencers. Live is appealing to shoppers. “You can’t fake on QVC. You can’t fake on live TV,” Jackson says.

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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Kalshi just raised $1 billion. The prediction market is officially valued at $22 billion now. (News of the round has previously been reported.) Cofounder Luana Lopes Lara was already the world’s youngest self-made female billionaire with her $1.3 billion net worth at an $11 billion valuation. 

Trump’s Justice Department wants to intervene in his E. Jean Carroll case. Carroll won an $83.3 million defamation verdict against the president–a rare victory against him in court. But the DOJ is now seeking to change the defendant in the case from Trump himself to the U.S. on his behalf. The Supreme Court will review the highly unusual request, which would likely doom Carroll’s case. 

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Two GOP congresswomen are looking at allegations of sexual harassment by their colleague. Rep. Anna Paulina Luna (R-Fla.) and Rep. Nancy Mace (R-S.C.) are looking closely at Rep. Chuck Edwards (R-N.C.), who is being investigated by the ethics committee for allegedly having an improper relationship with a subordinate and sexually harassing staff (which he’s denied). Both Luna and Mace were key forces in the ousters of two other members of Congress as renewed attention is paid to sexual harassment claims. ​​Mace has said: “If you are abusing your power in Congress it does not matter if you have an R or a D beside your name, there needs to be consequences for your actions.”

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PARTING WORDS

“A single conversation can change the whole trajectory of what you do and don’t do in life. I always think if I had called somebody else, maybe I would have made a different decision.”

—Dorsey founder Meg Strachan on navigating tough moments as an entrepreneur, and one where she almost quit until a former colleague talked her through it

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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