Tiffany's luxe new suitor, millions of Adobe accounts exposed, and more top news

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French luxury group LVMH has offered to buy Tiffany & Co. for $14.5 billion, according to reports citing anonymous sources. The move, which the Financial Times says is likely to be rejected, comes as LVMH seeks to expand in the American market while Tiffany struggles with U.S.-China trade tariffs, the effects of the Hong Kong protests and lower tourist spending. The acquisition would be one of the biggest ever for LVMH, the world’s largest luxury group by sales. Louis Vuitton’s parent confirmed its interest Monday. ? Here’s what people are saying.

The data of roughly 7.5 million Adobe customers was visible to anyone with a web browser, anonymous sources told Bloomberg. The software maker addressed the vulnerability in its Creative Cloud service the day it was discovered, but not before a security researcher found users’ member identifications, subscription and payment statuses and whether the user was an Adobe employee, reports Comparitech. Adobe said they are "reviewing development processes." In 2013, attackers stole user names and encrypted passwords for 38 million Adobe customers. ? Here’s what people are saying. 

Governor Gavin Newsom declared a state of emergency over wildfires sweeping California. The Kincade fire in Sonoma County has grown to 30,000 acres, with officials warning it could get worse as strong winds pick up. Roughly 180,000 people were ordered to evacuate due to the wildfire, the largest of eight ravaging the state. Utility company PG&E has cut power to 918,000 homes and businesses in the area, and it's also admitted possible fault in causing the wildfire. Meanwhile, a fire that broke out north of Los Angeles is now 65% contained. ? Here’s what people are saying. 

The Centers for Disease Control sees a light at the end of the tunnel for the mysterious vaping illness that hit some 1,600 people across the U.S. After the death of 34 people, the number of cases is now "leveling off or even declining." The CDC has named the illness EVALI, short for e-cigarette, or vaping, product use associated lung injury. Investigators are still trying to get to the bottom of how the epidemic started, though they believe it was tied to vaping products containing THC, and those bought through illicit dealers, the CDC said. ? Here’s what people are saying. 

The convenience of speedy online deliveries is taking a toll on cities. In New York City alone, more than 1.5 million packages are delivered daily — and that’s wreaking havoc on the city's traffic, safety and pollution. Experts tell The New York Times far-reaching measures are needed to curb the chaos if we want to continue our online-shopping habits. And, according to recent Census data, it seems that we do: 10% of all retail sales in the U.S. during the first quarter of 2019 were made online (up from 4% a decade ago). ? Here’s what people are saying.

Idea of the Day: Firms today are evolving more rapidly and radically than ever before, with profound implications for their growth, profitability and returns, writes David Hunt, president and chief executive at PGIM.

“Customers, employees, regulators and shareholders are holding them accountable to a broader set of community values that go well beyond maximizing quarterly earnings.”

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