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This tutorial demonstrates how to add bold, underlined, or italic text to a Power BI report using HTML. A measure called "dynamic text" is created to return unformatted text initially. This text is then formatted using HTML tags such as <b> for bold. The process involves adding the measure to an HTML text placeholder in the report view. By switching between HTML and DAX and using the appropriate syntax, the text in the report can be customized and formatted according to the desired style.