Hailey Bieber sold her beauty brand Rhode for $1 billion and will now help Justin Bieber with his new fashion brand SKYLRK. She's focusing more on business, while fans talk about her marriage and Justins health.

Good morning! Tate brothers are charged with rape, Christine Lagarde plans to finish her term as ECB president, and Hailey Bieber sells Rhode for a blockbuster $1 billion. – Blockbuster beauty. It’s been a slow few years for beauty M&A—industry-watchers have been waiting for the sales of big brands like Glossier and Rare Beauty.

The deal would mark a shift in strategy and expand into the prestige beauty market as e.l.f. faces weak demand from mass market customers.