Happy Thursday and Merry Christmas to all who celebrate, from everyone here at Puck. In today’s special holiday edition of The Daily Courant, we’re completing our Top 12 countdown of Puck’s biggest stories of the year. Enjoy!

In today’s issue: Rachel Strugatz’s industry-shaking scoop on Glossier’s fall from unicorn grace; Matt Belloni and Bill Cohan on the financial undercurrents of Paramount’s hostile bid for Warner Bros.; Leigh Ann Caldwell’s scintillating inside reporting on how Ezra Klein divided the Democratic caucus; Lauren Sherman’s exclusive insights into the fashion crisis in Kardashian world; Matt’s behind-the-scenes look at Netflix’s plans for HBO Max; and Peter Hamby’s prescient examination regarding the true legacy of Charlie Kirk.

FASHION

Four years after a Series E that valued Glossier at nearly $2 billion, the millennial beauty brand is seeking more capital from investors, this time at a valuation “south of a billion dollars.”

WALL STREET

Despite their numerous bids for all of WBD, a rift has opened between the principals at Paramount Skydance and the board and advisors of their target company—at least for now. Can money heal all wounds?

WASHINGTON

Ezra Klein has become something of a spiritual advisor for Capitol Hill Democrats, many of whom have him on speed dial. So when he calls for a shutdown in the pages of the Times, and attendant multimedia channels, lawmakers actually listen—and agonize.

FASHION

Over the past decade, Emma and Jens Grede turbocharged the Kardashian/Jenner business empire—driving sales of denim and bodysuits and dish soap—while creating the mold for celebrity brands. But the Gredes also have businesses of their own, and their holdco, Popular Culture, and the Kardashian family businesses seem to be slowly but surely drifting apart.

HOLLYWOOD

Yes, the blockbuster $83 billion acquisition of the Warner Bros. studio and HBO Max would decisively end the streaming wars. And the Ellisons can still blow their lids and go hostile. But amid inevitable consolidation and a likely government challenge, is Ted Sarandos getting his hands on a historic studio definitely the end of Hollywood as we know it?

WASHINGTON

New data from Generation Lab undercuts Trump’s mythmaking about his murdered ally, who was unquestionably a savvy organizer, even if he wasn’t at all popular on the campuses he loved to visit.

Need help? Review our FAQ page or contact us for assistance. For brand partnerships, email ads@puck.news.

You received this email because you signed up to receive emails from Puck, or as part of your Puck account associated with {{customer.email}}. To stop receiving this newsletter and/or manage all your email preferences, click here.

Puck is published by Heat Media LLC. 107 Greenwich St., New York, NY 10006