Welcome back to The Daily Courant, your afternoon medley of Puck’s best new reporting.

First up today, Lauren Sherman gathers the latest chatter inside LVMH as fashion’s largest luxury group prepares for yet another round of executive musical chairs. Of course, everyone is watching to see what happens with Michael Burke, Pietro Beccari, Damien Bertrand, and Toni Belloni. But behind these anticipated moves, LVMH kremlinologists also discern the contours of how the company could be organized for a post–Bernard Arnault era, as his five heirs jockey to succeed him.

Plus, below the fold: Scott Mendelson reveals why Disney’s $560 million–grossing Zootopia 2 crushed in China but not North America. Abby Livingston rings up Democratic campaign operative Ian Russell to preview today’s high-stakes special election in Tennessee. And John Ourand handicaps the dozens of suitors lining up to claim the Lakers’ R.S.N.

Meanwhile, on the pods: Matt Belloni and Lucas Shaw reunite on The Town to discuss Netflix’s multibillion-dollar offer for Warner Bros. Discovery. On The Grill Room, Julia Alexander and Wired’s Makena Kelly explore how creators are reshaping political media. On Fashion People, Lauren and the people’s chef, Alison Roman, review her guide to festive holiday party dressing. And on The Powers That Be, Peter Hamby and Julia Ioffe check in on the Russia-Ukraine peace negotiations.

At LVMH, a series of anticipated executive shuffles may suggest the latest contours of a succession strategy. At the very least, it’s got the industry kremlinologists taking notice.

Meta is investing $600 billion in American infrastructure and jobs, creating opportunities in communities across the country.

Phil, a Lead Building Engineer in Los Lunas, New Mexico, has seen the impact that Meta’s investment can bring.

"Supporting my family used to mean leaving my hometown and missing out on special moments,” he says. “Now, it doesn't.”

Explore Phil’s story.

Disney’s Thanksgiving smash notched a surprisingly outsize win in the fickle territory, but studios shouldn’t mistake its success for a sign that the gaudy numbers of the 2010s are about to return—except, maybe, for Avatar: Fire and Ash.

In the final hours of the Tennessee special election, the district Trump won by 22 points has suddenly become ultra-competitive—a supermagnet for donors and a potential early warning system for a Democratic tsunami.

As the Lakers’ regional sports network hits the market, Charter is getting to work separating serious bidders from rubberneckers. Which category does new team majority owner Mark Walter fall into?

Matt is joined by Bloomberg’s Lucas Shaw to discuss Lucas’s recent report that Netflix would continue to release Warner Bros. movies in theaters if it were to acquire Warner Bros. Discovery. They talk about whether they believe Netflix, how theatrical movies at Netflix would work, and possible conditions that could accompany a Netflix–Warner Bros. Discovery deal.

Meta's AI infrastructure is bringing jobs to local communities.

For Phil—and many Los Lunas, New Mexico locals—supporting his family used to mean “leaving town, and missing moments I couldn’t get back." Not anymore.

Meta is investing $600 billion in American infrastructure and jobs, creating opportunities in communities nationwide.

Explore Phil’s story.

Makena Kelly, senior writer at Wired, joins Julia to wade into the Venn diagram of politics, internet culture, and technology. They discuss Elon Musk’s curious cameo in the Trump administration, the rise of influencer gatherings over traditional press, and how online fandoms can turbocharge campaigns like Zohran Mamdani’s. They also explore how creators are reshaping political media and the tightrope that reporters walk to stay objective through it all.

Lauren is joined by Alison Roman, world-renowned cook, Sézane lover, and Substack defector, whose new book, Something From Nothing, is available now. They evaluate the fashion on Landman (from Ali Larter to Billy Bob Thornton), Luca Guadagnino’s self-imposed battle with costume designers, holiday party outfits, and plenty more.

Julia Ioffe joins Peter for a sober reality check on the Russia-Ukraine peace negotiations, as the Trump administration tries once again to broker an end to the war—and keeps running into the same dead ends. Then they turn to the U.S. drone strikes on alleged drug boats in the Caribbean and whether Pete Hegseth, or anyone at the Pentagon, will be forced to explain what Democrats say could be war crimes.

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