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Emma Hinchliffe, Nina Ajemian

The 2025 Oscars were Anora's night

Mikey Madison holding an Oscar (Credit: Gilbert Flores/Penske Media—Getty Images)

Good morning! Shari Redstone wants to resolve Trump's CBS lawsuit, Attorney General Pam Bondi released hundreds of pages from Jeffrey Epstein’s file, and Anora wins big at the Academy Awards.

- And the Oscar goes to. The 97th annual Academy Awards were Anora’s night—the film about a sex worker in Brooklyn who meets the scion of a Russian oligarch took home best picture, best director, best original screenplay, best editing, and best actress for its star, Mikey Madison.

The 25-year-old actress emerged victorious in a category that included Cynthia Erivo for Wicked; Brazilian actress Fernanda Torres for I'm Still Here (which picked up a win for best international feature); Karla Sofía Gascón for Emilia Pérez; and Demi Moore for The Substance.

Moore had been the other strong contender to take home the best actress Oscar. Her wins through awards season focused on the longevity of her career—and the fact that, at 62 and despite her box office success as the one-time highest paid woman in Hollywood, this was the first time she'd been seriously considered as an awards-worthy performer by her industry. That wasn't enough to get her the final award. Madison gave an incredible performance in Anora, embodying Brooklyn and displaying deep respect for the sex worker community, but it's also true that Oscar voters traditionally love an ingenue. (Although the age of best actress winners has started to rise in the years since the Academy began diversifying its membership.)

Mikey Madison at the 97th Oscars held at the Dolby Theatre on March 2, 2025 in Hollywood, California. (Photo by Gilbert Flores/Penske Media via Getty Images)

Zoe Saldaña earned another big win of the night, taking home the best supporting actress statue for her role in Emilia Pérez. That film's chances at winning big were stunted after lead actress Gascón, who had been lauded as the first trans person to win in her category at prior awards shows, came under fire for her past racist tweets. Saldaña's performance outshone that controversy, and she gave a moving speech celebrating her immigrant parents and her Dominican heritage—she said she's the first American of Dominican descent to win an Academy Award.

Overall, it was a pretty male-dominated night—but some of those male winners made history, too, like Wicked’s Paul Tazewell, who was the first Black man to win for costume design. (The first Black woman to win was Ruth E. Carter for Black Panther in 2019.)

I'll be adding The Only Girl in the Orchestra to my watchlist; the best documentary short winner about the New York Philharmonic’s first female full-time member is streaming on Netflix.

Emma Hinchliffe
emma.hinchliffe@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Today’s edition was curated by Nina Ajemian. Subscribe here.

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