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The Broadsheet: October 19th

Good morning, Broadsheet readers! Debbie Wasserman Schultz irks fellow Dems, Oprah Winfrey takes a 10% stake in Weight Watchers, and Fortune’s Most Powerful Women (plus honorary Most Powerful Man Warren Buffett) are bullish on the economy. Enjoy your Monday.


• Winfrey puts her weight behind WW. Oprah Winfrey is taking a 10% stake in Weight Watchers, joining the company’s board and joining its weight-loss program. The company’s shares, which have fallen about 73% this year, surged on the news that the media mogul is buying in. WSJ


Buffett’s bulls. While some economists are predicting doom and gloom for the global financial system, Fortune Most Powerful Women Summit participants—including IBM CEO Ginni Rometty, Citigroup Latin America chief Jane Fraser, JP Morgan Chase’s Mary Erdoes and Berkshire Hathaway chief Warren Buffett—are outspokenly bullish. Buffett’s investment assessment of America: “It’s never been better,” he told the MPW audience. Fortune

• Parsing the pink pill. Addyi, the “female Viagra,” arrived in stores on Saturday. The drug has already raised eyebrows—largely because of side effects and studies that showed limited efficacy—and now it may run into a fresh controversy: Addyi could appeal to women taking antidepressants, users for whom it has not been approved. Scientific American

Debating Wasserman Schultz. The limited number of Democratic presidential primary debates has alienated many colleagues of Rep. Debbie Wasserman Schultz (D-FL), the Democratic National Committee chairman who, critics say, is autocratic and improperly favoring Hillary Clinton.  Bloomberg

• Looking for leaveFairygodboss, an online community where women share information about current or former employers, is aiming to make it easier for women to research potential employers’ maternity leave policies. Fortune

• Social media millionaires. At No. 4, Lindsey Stirling is the top-ranked woman on Forbes‘ 2015 list of the highest-paid YouTube stars. The dancing violinist’s tour, book deal and two albums helped her pull in $6 million.  Forbes

Testing Theranos. Questions about the accuracy of the Theranos blood-testing technology keep coming. Jean-Louis Gassée, former head of Apple engineering in the late ’80s, wrote about his personal experience using Elizabeth Holmes’ company’s blood-testing tool and comparing it to standard blood tests. The results do not look good for Theranos.  Fortune

MOVERS AND SHAKERS: Allison A. Hickey, the Department of Veterans Affairs administrator in charge of reducing the massive backlog of veterans benefits, has resigned. Jacqueline Reses, Yahoo’s chief development officer, is reportedly joining the leadership team of Twitter CEO Jack Dorsey’s payments company Square.


Each week, Fortune asks our Insider Network — an online community of prominent people in business and beyond — for career and leadership advice. Here’s some of the best of what we heard last week.

Millennials: Mess up, it’s okay. Many of today’s 20-somethings are used to being high achievers, writes Deloitte CEO Cathy Engelbert. To encourage them to grow and take risks, employers must create an environment where it’s safe for them to goof.  Fortune

• Undoing the deal. Pam Nicholson, CEO of car-rental giant Enterprise Holdings, writes that while you’ll never get any high fives over a deal you don’t do, learning to cut bait when a project or initiative is a bad fit for your company is a vitally important skill.  Fortune

• Talk it out. Sure, not getting the promotion stings, says Sarah Kauss, CEO and founder of S’well. Be frank about that pain with your manager—and ask that she be frank with you as well. Transparent conversations will assure that you’re “working toward the same North Star,” says Kauss.  Fortune


Best MPW moments. For a quick catch-up on what you missed last week, check out the 10 best quotes at the Fortune Most Powerful Women Summit—from GM CEO Mary Barra, IBM chief Ginni Rometty, Warren Buffett, Katie Couric, and both Megyn Kelly and Ivanka Trump talking about the Donald’s presidential run. Fortune

• Playboy beyond boys? Playboy‘s decision to get rid of nude photos is an attempt to remake the brand for the digital age. But will the new Playboy be successful in attracting women and other groups who have shunned the old magazine? Fortune


• Expensive eggs. Industry guidelines say it’s “inappropriate” to pay an egg donor more than $10,000 for her eggs. A new class action lawsuit likens such language to price-fixing, noting that there are no such guidelines for the sale of sperm. New York Times

• Big build up. Architect Maya Lin, best known for designing the Vietnam Veterans Memorial in Washington, D.C., talks about her next project, her landscape art installations, and the connection between art and architecture.  WSJ

• Girls on the green. Joyce Kazmierski, wife of golf champion Sandra Spuzich, who died earlier this month, talks about sexism in golf and lesbian life on the LPGA tour. Daily Beast

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Michelle Obama to unveil college campaign website  New York Times

Tina Fey returns to Weekend Update to discuss Playboy  EW

29 powerful black women calling the shots in the Obama Administration  Essence

She kills people from 7,850 miles away  The Daily Beast


My partner Charlie Munger said if you want to guarantee yourself a life of misery, marry somebody with the idea of changing them.

Berkshire Hathaway CEO Warren Buffett, speaking at the 2015 <em>Fortune</em> Most Powerful Women Summit