Ulta shares are down, but the beauty industry still carries the weight of luxury fashion on its shoulders. Nick has more bad news about microplastics, plus Annie’s instagram algorithm has become entirely evangelical christian content.

Annie and Nick talk with fashion icon turned beauty entrepreneur (and newly minted TV star) Jenna Lyons. The former president and creative director of J. Crew (she invented an entire 2000s aesthetic) speaks candidly about disentangling her identity from the preppy retailer she spent 27 years...