Good morning, Broadsheet readers! Loretta Lynch finally gets the nod for AG, Kleiner Perkins is looking to recover nearly $1 million in legal costs, and Hillary… well, let’s just say she’s been having a tough couple days. Make it a great Friday.
• Congrats Loretta! As expected, the Senate confirmed Loretta Lynch as the next U.S. attorney general, by a vote of 56 to 43. Lynch, the first black woman to hold the country’s top law-enforcement job, will be sworn in on Monday.
ALSO IN THE HEADLINES
• A tough day for Hillary. The chairman of a House committee investigating the 2012 attacks on Americans in Benghazi has called Hillary Clinton to testify on May 18. This news comes a day after the committee announced that its report on the attacks will likely be delayed until next year, just months before the presidential election. Meanwhile, The New York Times is reporting that the Clinton Foundation accepted donations from the chairman of a mining company that was sold to Russia–with the blessing of the Clinton-run State Department.
• Confusing consumers. According to PepsiCo CEO Indra Nooyi, “We’ve never seen the consumer as confused as they are today.” The definition of “healthy” is changing, she says, and the company is doing its best to keep up. Today’s health-conscious shoppers prefer drinks sweetened with real sugar to diet soda, and they buy organics, even if they’re packed with fat, sugar and salt.
• KP wants payback. VC firm Kleiner Perkins wants to recover nearly $1 million in legal costs for defending itself against former employee Ellen Pao’s gender discrimination suit. Kleiner has offered to waive the costs if Pao chooses not to appeal, but she has yet to tip her hand.
• Survival of the fittest. Classpass, the fitness class marketplace led by CEO Payal Kadakia, is in discussions to acquire Fitmob, a competing startup, according to Fortune‘s Erin Griffith.
• More time for moms. Blackstone is extending its maternity leave benefits from 12 weeks to 16 weeks with full pay. The investment giant says it hopes the change will help it woo more talented Wall Street women.
MOVERS AND SHAKERS: Veteran Apple PR exec Natalie Kerris is leaving after failing to land the top communications job there.
IN CASE YOU MISSED IT
• Headed to a different type of court? WNBA star Brittney Griner and fiancée Glory Johnson, also a WNBA player, were arrested for assault and disorderly conduct. Griner led her team, the Phoenix Mercury, to the WNBA championship in 2014.
• A CEO listens in. Margaret Keane, CEO of Synchrony Financial, sits down with Fortune’s Susie Gharib to talk about why American consumers are still spending cautiously, what she’s learned from listening in on the company’s collection calls, and why she’s not worried about rising interest rates.
• The elite eight. Eight of 19 women have made it through the initial four-day assessment at the U.S. Army’s elite Ranger School, which opened to women for the first time this week. Historically, about 75% of students who make it that far eventually graduate from the 62-day program.
• Will Wynn win? We should find out today if Elaine Wynn will manage to retain her board seat at Wynn Resorts. Win or lose, her fight has prompted shareholders to put intense pressure on the casino operator to improve governance and improve the board’s diversity.
• Bitcoin’s women problem. Men make up an estimated 96% of the Bitcoin community. This Fusion story argues that, if there’s ever going to be wide adoption of the cryptocurrency, it will need to become appealing and useful to women.
• Sisterhood of Sweet Briar. The fight to save Sweet Briar, a Virginia women’s college set to close because of financial problems, continues. Last week, a judge issued a 60-day injunction forbidding the board to close the school, and the campaign to save it has raised $1 million so far. The New York Times talks to Sweet Briar graduates about what it was like to attend the school in the postwar years.
New York Times
Tune in to Fortune Live today and every Friday at 3 pm ET at Fortune.com. This week’s guests: Redfin CEO Glenn Kelman and Lord & Taylor president Liz Rodbell.
Share today’s Broadsheet with a friend:
ON MY RADAR
|Wellness is doing the best for you. It will never be the same for everyone, but you do what you can to make sure you feel healthy and happy.|
| -- Model Chrissy Teigen, the new face of Wellness in the Schools, a nonprofit dedicated to children's health in NYC public schools |