May 19, 2014 / Fortune Asia / Volume 169 / Number 7

38 A Busch Brews Again
Anheuser-Busch is now part of a Belgian beverage behemoth, so a family scion got back into the business. There’s a new Billy Beer in St. Louis.
By Beth Kowitt

42 Marissa’s Moment of Truth
As her second anniversary as CEO of Yahoo approaches―and one of its big assets (Alibaba) prepares to go public―all eyes are on Mayer.
By Jessi Hempel

50 The World’s Top 25 Eco-Innovators
Want an antidote to the grim news about climate change? Here are the business leaders, academics, regulators, and entrepreneurs doing the most to make our world smarter and more sustainable.
By Brian Dumaine

56 What Is Water Worth?
Farmland is parched. Companies are worried. The global demand for water will soon outstrip supply. What’s the solution? Simple, say some business leaders and economists: Make people pay for the most precious commodity on earth.
By Brian Dumaine

64 The Fortune Interview: Melinda Gates and Susan Desmond-Hellmann
The new CEO of the Bill & Melinda Gates Foundation explains how she got the job to run the world’s largest private foundation. Desmond-Hellmann and Gates talk about their partnership and their plans for deploying $40 billion.

Interview by Patricia Sellers

6 MACRO
Closer Look
The search for Malaysia Airlines Flight 370 highlights the complicated world of aviation insurance.
By Peter Greenberg

11 MACRO
Briefing
The Baltics feel the heat as Russia stirs the pot in Ukraine.
By Vivienne Walt

12 MACRO
Pro-Files
Cal Ripken Jr. is a model for how to build a career after professional sports.
By Daniel Roberts

14 MACRO
Leaders in Innovation
Lei Jun has built Xiaomi into one of China’s hottest handset makers.
By Zhang Maiwen and Zhang Dan

17 MACRO
New Energy
The stocks of fuel-cell companies are surging. Has their time come?
By Brian Dumaine

20 PURSUITS
Adventure Travel
For diehards, no destination is too remote to view a solar eclipse.
By Ryan Bradley

26 VENTURE
How We Got Started
With a little moxie, brothers Bert and John Jacobs built a $100 million T-shirt company.
Interview by Dinah Eng

29 TECH
Valley Talk
Can Rand Paul find support in the liberal stronghold of Silicon Valley?
By Tory Newmyer

33 INVEST
Interview
Market turbulence spells opportunity for Oakmark’s Bill Nygren.
By Jen Wieczner

35 INVEST
Anatomy of a Trade
Fund manager Kevin Holt sees profitable days ahead for Citigroup.
By Lauren Silva Laughlin

5 EDITOR’S DESK

68 BING!

INSIGHTS

36 Allan Sloan
One man’s upstream battle to achieve bipartisan tax reform.

37 Dan Primack
Startup funding will go on, even after the music stops.

CORRECTIONS

”The New Teamwork” (April 28) said Toyota has been working on fuel cells since 2001. It began on them in 1992. ”The Fortune Interview With Rupert Murdoch” (April 28) referred to the 21st Century Fox film studio. The parent company is 21st Century Fox, while the studio is 20th Century Fox.

ON THE COVER PHOTOGRAPH BY DAVID PAUL MORRIS―GETTY IMAGES

[IMAGES]

KENJI AOKI


29 GOP star Rand Paul is finding a receptive audience among libertarian-leaning techies in the traditionally liberal bastion of Silicon Valley.
JONATHAN ERNST―REUTERS

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