- Penney for your thoughts. J.C. Penney, led by CEO Jill Soltau, found two buyers: mall operators Simon Property Group and Brookfield Property Partners. The two companies will pay $300 million in cash and assume $500 million in debt, valuing the retailer at $1.75 billion and avoiding a total liquidation of the business. New York Times

- Open legacy. Naomi Osaka's recent victories at the U.S. Open mean that she will advance to at least her sixth match, setting her up for, potentially, the final—and allowing her to wear all seven face masks featuring the names of Black people killed by police. For more on the U.S. Open, read this Washington Post piece about Serena and Venus Williams' legacy on the courts: the record 13 Black women who played in this year's tournament. 

- Rich get richer. The Forbes 400 list of the 400 richest people in the United States includes 56 women—who are collectively worth $452 billion, more than the $430 billion the same number of women were worth last year. The $22 billion gain is mostly thanks to MacKenzie Scott and Alice Walton of the Walmart family.  Forbes

- Running through setback. Athlete Caster Semenya lost her appeal in Swiss court over World Athletics guidelines requiring her to reduce her natural level of testosterone to compete in track and field. Semenya plans to shift her focus to the 200 meter race, a competition where the requirement does not apply. "[I] refuse to let World Athletics drug me or stop me from being who I am," she said after the ruling. CNN

MOVERS AND SHAKERS: Citigroup merged its marketing and branding divisions, promoting chief brand officer Carla Hassan to chief marketing officer; Jennifer Breithaupt, CMO for Citi's global consumer bank, resigned. NBCUniversal moved Universal Studio Group chairman Bonnie Hammer to vice chairman of NBCUniversal and promoted Universal TV president Pearlena Igbokwe to Hammer's former role. Refinery29 hired Simone Oliver, a member of Facebook and Instagram's global media partnerships teams, as global editor-in-chief. Wayfair hired Walmart SVP of U.S. technology Fiona Tan  as global head of customer and supplier technology. The Metropolitan Museum of Art hired Patricia Marroquin Norby to be its first associate curator of Native American art. The Interstate Natural Gas Association of America hired Ogilvy Government Relations' Amy Andryszak as president and CEO. IPG Mediabrands hired Hermon Ghermay  as global chief culture officer. The Drone Racing League hired Houlihan Lawrence CMO Anne Marie Gianutsos in the same role. Francis Hondal, president of loyalty and engagement at Mastercard, joins the board of directors at Equitable Holdings. 

- Campaign sitter. New Zealand Prime Minister Jacinda Ardern is beginning her reelection tour in the Waikato district, staying with her parents in Morrinsville, where she grew up. The prime minister says she chose to start at home so her "folks" could help out with her 2-year-old, Neve. Seeking the grandparents' childcare help is just the "realities of the road," Ardern says. Guardian

- Lights, camera, action. The Academy of Motion Picture Arts & Sciences shared new details about the diversity requirements films will have to meet to qualify for the best picture category. Movies hoping to earn the top award in 2024 and beyond will need to meet a few different standards, one of which is to cast at least one actor from an underrepresented racial group in a lead or "significant supporting" role. New York Times

- SCOTUS on abortion. Just a few months after a victory for abortion rights at the Supreme Court, the Court is set to hear another case on the issue. Food and Drug Administration v. American College of Obstetricians and Gynecologists will make a decision about access to medication abortion. Vox