Lorem ipsum dolor sit amet, consectetur adipiscing elit. Sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation.
Emphasized text starts this paragraph, and the very first letter should still pick up the first-letter color even though it begins inside the nested <em>.
“Quoted” text at the start of a paragraph includes the opening quote mark as part of the first-letter unit, per CSS1 §1.2.