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  • The Daily Brief: Caruso Announces Investment Into Palisades Village Revitalization, Hailey Bieber's $1B Makeup Deal, and more.

The Daily Brief: Caruso Announces Investment Into Palisades Village Revitalization, Hailey Bieber's $1B Makeup Deal, and more.

Your daily update is here.

Good Afternoon! It’s Thursday, May 29

Sunny skies returned to Los Angeles on Thursday with temperatures peaking at a reasonable 73°, but things look to heat up as we head into Friday with more sun expected and highs projected to hit 84°.

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Rick Caruso and Elyse Walker Lead Palisades Village Rebuild After Wildfire

In the wake of January’s devastating wildfire, developer Rick Caruso is committing $50 million to revive Pacific Palisades’ iconic shopping center, Palisades Village, with plans to reopen in early 2026. Fashion mogul Elyse Walker, whose flagship boutique was destroyed in the fire, announced she will return with a new store at the heart of the revitalized complex—signaling a powerful step toward rebuilding and resilience in the beloved coastal community.

Hailey Bieber’s Rhode Inks $1 Billion Deal with e.l.f. Beauty

Hailey Bieber’s minimalist skincare brand Rhode has been acquired by e.l.f. Beauty in a blockbuster $1 billion deal. Despite offering just 10 products, Rhode’s rapid rise and massive influence—driven by Bieber’s creative direction—caught the attention of e.l.f., which aims to expand its presence in the skincare market. Bieber will remain as chief creative officer and take on an advisory role as Rhode prepares for retail expansion, including a debut in Sephora stores later this year.

Victoria’s Secret Takes Website Offline After Mysterious Security Incident

Victoria’s Secret has temporarily shut down its website due to an unspecified security breach, following a wave of cyberattacks on major UK retailers and warnings from Google that U.S. companies could be next. While all physical stores remain open, online shopping and some services are suspended as the brand works to restore operations.

Elon Musk Cuts Ties with Trump Admin After Controversial Tenure

After a chaotic 130-day stint as a special government employee, Elon Musk is stepping away from his role in the Trump administration. The Tesla and SpaceX CEO, who co-founded the Department of Government Efficiency (DOGE) and emerged as the campaign’s top donor, now says he’ll refocus on private ventures. Musk’s exit comes amid backlash over viral moments and growing discontent with Trump’s $3.8 trillion spending proposal, which Musk publicly criticized ahead of a CBS interview airing June 1.

Torrance Man Sentenced in High-End Brothel Ring That Catered to Elite Clients

A 70-year-old Torrance man has been sentenced to two years in federal prison for his role in a members-only escort ring that serviced powerful clients across Los Angeles, Boston, and Virginia. James Lee, prosecutors say, helped run the operation by leasing luxury apartments used as brothels and coordinating with escorts and property managers. The network, which allegedly gathered compromising intel on its clientele, included doctors, executives, and military officers—many of whose identities remain sealed.

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