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With 2020 Wave 1, we now can create rich text notes and enable formatting for emphasis and readability. However, the format won't get displayed until users click into the Notes, which makes it not very useful really, as users would expect to see the emphasized or formatted parts at first glance without having to click into each Note. As we've already enabled the rich text format on editing, let's utilize it to full.
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H

Nice one Harrison.

Just to clarify, this occurs when viewing Notes in the Timeline control.

Category: Unified Experience: Search, navigation and performance