Good morning, Broadsheet readers! Female college grads get dissed on pay, upstart beauty companies try to steal Avon’s look, and the U.S. Women’s World Cup team plays the (video) game. Have a wonderful Friday!
EVERYONE'S TALKING
• Good luck, grads! You might want to slip a check into this year's graduation cards. A depressing new report by the Washington-based Economic Policy Institute finds that 2015 female grads are likely to earn $3 per hour less than their male counterparts and $1.18 per hour less than what they were expected to earn in 2000. The Guardian
ALSO IN THE HEADLINES
• Ladies of London. Fortune is gearing up for our annual Most Powerful Women International Summit in London on June 15-16. Here are just a few of the bold-face names who will take the stage: former Australia Prime Minister Julia Gillard, Santander Group chair Ana Botín and Federica Marchionni, CEO of Land's End. Fortune
• Conning a cosmetics queen. In a trial that's gripped France, eight men have been found guilty of taking advantage of 92-year-old L'Oreal heiress Lilane Bettencourt, the world's richest woman. People
• Latina leader. In the latest in her series on Hillary Clinton's campaign team, Fortune's Nina Eason profiles national political director Amanda Renteria, the first Latina chief of staff in the history of the U.S. Senate. Fortune
• Diverse opinions. Speakers and attendees at an influential tech conference--including GE CMO Beth Comstock and Kleiner Perkins partner Mary Meeker--weigh in on how to improve diversity in tech. It's worth noting that the same conference put Terrence Howard on stage--with no mention of the numerous times the actor has been accused of domestic abuse. Re/Code
• Women get in the game. EA Sports announced that its new FIFA video game will feature 12 female squads, including the U.S. women’s national soccer team. This is the first time that the world’s biggest-selling sports video game franchise has included female players. Bloomberg
MOVERS AND SHAKERS: Evercore, an investment banking advisory firm, announced that Lea Lazaric Calvert will join the firm's Private Capital Advisory business as a managing director. Andrea Saul, who most recently ran comms for Sheryl Sandberg’s nonprofit LeanIn.Org, is joining grocery delivery startup Instacart as VP of communication.
IN CASE YOU MISSED IT
• Redefining masculinity. This pair of Economist stories asserts that poorly educated men in rich countries are falling behind. To catch up, they must learn to help with child care and accept that they can take on traditionally women-held jobs, like nurses or hairdressers, without compromising their masculinity.
• Stealing Avon's look. With Avon struggling, women-led startups are swooping in to grab a piece of the direct-sales beauty market. Fortune looks at three contenders for the cosmetic giant's throne. Fortune
• A lady and a scholar. The University of Oxford named Louise Richardson as its new vice chancellor, making the Harvard alumna the first woman to run the oldest university in the English-speaking world. Bloomberg
• A murderous month. Baltimore Mayor Stephanie Rawlings-Blake has her work cut out for her: 38 people have been killed in the city in May, making it the deadliest month in 15 years. Time
• The price of pantsuits. Looking to "pantsuit up" with Hillary Clinton? Better save up: Pantsuits from designer Nina McLemore, who made many of the Democratic presidential candidate's favorite looks, cost up to $1,400. Fortune
Tune in to Fortune Live today and every Friday at 3 pm ET at Fortune.com. This week's guests: Shazam CEO Rich Riley and Brian Lewis, executive VP of Halstead Property.
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ON MY RADAR
Amy Schumer responds to ABC's request for her to be the next Bachelorette HuffPo
Jean Chatzky on what you should do with your bonus Fortune
J.K. Rowling defends tweets over Ireland referendum WSJ
Jenna Bush Hager could be getting a new talk show People
Check out these photos of female bike gangs of Marrakesh Quartz
QUOTE
One good thing that’s come out of it is the conversation in very liberal Hollywood that women aren’t being paid the same and … there’s something like 15 female directors in a town of directors.
George Clooney, on the Sony hack and closing Hollywood's pay gap
