Good morning, Broadsheet readers! The Ashley Madison saga continues, Lily Tomlin gets her moment, and the CEO of “female Viagra” maker Sprout tells Fortune why she sold her company. Kristen is on vacation, so today’s Broadsheet is brought to you by Valentina Zarya (@valzarya). Have a fantastic summer Friday!
• Sprout sells out. Fortune‘s Jen Wieczner spoke with Cindy Whitehead, the CEO of Sprout Pharmaceuticals, the company behind female sexual arousal drug Addyi. Valeant Pharmaceuticals yesterday agreed to buy Sprout for $1 billion (plus possible earn-outs), just 36 hours after Addyi was approved by the FDA.“This was just such a huge moment for women,” Whitehead said of Addyi’s approval. Fortune
ALSO IN THE HEADLINES
• Loretta’s lot. Loretta Lynch made history by becoming the first female African-American attorney general. Five months into her job, she’s already faced some serious challenges, including the task of improving police-community relations in cities across the U.S. Vogue
• Surgery not the solution. 60,000 American women get diagnosed with early-stage breast cancer each year, and most choose some level of surgery. But new research is questioning the efficacy of such surgeries. New York Times
• Thinking outside the subscription box. Cosmetics, clothing, dog food… the list of things you can get delivered monthly seems never-ending. The latest newcomer to the “box revolution” is Madison Reed, which believes that the 100 million women who buy hair dye will want the color to come to them. Fortune
• Not the end of Land’s End. After working at Italian high-fashion house Dolce & Gabbana for over a decade, new Land’s End CEO Federica Marchionnini is trying to bring some of her cool factor to the aging American brand. Bloomberg
• 75 years young. At 75, Lily Tomlin is having another “moment.” With an Emmy nomination for her performance in Netflix comedy Grace and Frankie and a new marriage, the veteran actress shows us that age really is just a number. Wall Street Journal
IN CASE YOU MISSED IT
• Office housewives. If you feel like the women in your office are the ones taking notes and making coffee, you’re not alone. Luckily, there are ways for women to avoid “office housework” without seeming selfish. Fast Company
• Not so scientific. The International Astronomical Union (a.k.a. the organization that decided Pluto is not a real planet) named three women to its board. Why do women make great astronomers? They “have a special natural gift for caring and educating,” says the IAU’s general secretary. Slate
• Not a dead end job. The mortuary industry is no longer male-dominated. More women are becoming funeral directors, and with good reason. Managing funerals combines job skills and experience “that lots of women already have, like counseling, social work, and event planning,” says one director. Fortune
• Candid Claire. Sen. Claire McCaskill (D-MO) drinks beer, watches baseball, and talks about sexism in politics.”I get in trouble all the time for saying what I think. All. The. Time.” NYMag
• Bad for business. Herve Leger isn’t the only fashion brand whose executives have insulted customers. Lululemon, Abercrombie & Fitch and Karl Lagerfeld also make the list of offenders. Fortune
Tune in to Fortune Live today and every Friday at 3 pm ET at Fortune.com. Host Leigh Gallagher covers the week’s biggest stories with Fortune editors Andrew Nusca and Brian O’Keefe. Plus: a look at Fortune‘s just released list of Fastest-Growing Companies and first-ever Change the World list.
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ON MY RADAR
Six impossible tightropes we ask working women to walk Vox
Vanity Fair is publishing a special edition on transgender Americans Vanity Fair
Jennifer Lawrence is the highest-paid actress in Hollywood Entertainment Weekly
Female rangers should end the debate about women in combat TIME
This is our reality: I’m picking up dog piles and she’s meeting Shimon Peres.Doug Everson, who retired from Merck and stays home with the kids so that his wife, Facebook VP Carolyn Everson, can globetrot.