Good morning! Defunding Planned Parenthood could hurt taxpayers, Selena Gomez's nonprofit faces financial issues, and the Dick's Sporting Goods-Foot Locker deal isn't a slam dunk.
- Goal-oriented. Dick's Sporting Goods is buying Foot Locker for $2.4 billion, the retailers confirmed yesterday. It's the biggest acquisition ever for Dick's—and the deal teams up two notable female CEOs, DSG's Lauren Hobart and Foot Locker's Mary Dillon.
My colleague Phil Wahba (a retail expert!) has a new analysis of the deal for Fortune. It may be Hobart's "first major mistake," he writes. Indeed, Wall Street doesn't like the sound of the merger, either; shares fell 13% on Thursday morning.
