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.

Selena Gomez is facing accusations of throwing subtle shade at Hailey Bieber just one day after Hailey's skincare line Rhode was acquired by E.l.f. Beauty in a $1 billion deal. The post that drew attention came from Rare Beauty's Twitter,