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• Bruce Wasserstein tied the knot with a "much younger Asian woman" two weekends ago, although details about the billionaire's new bride remain scarce. [P6]
• Alex Rodriguez is jealous and embarrassed that Madonna has been spending so much time with 22-year-old model Jesus Luz, since it makes him look like he got "dumped for a younger stud." [NYDN]
• The City's Jay Lyon—who was named Brent Tuhton until he changed it—has scored a record contract with Universal. [P6]
• Could Mark Badgley and James Mischka really be breaking up? Who is going to design our Oscar gown? [NYDN]

• Authorities in South Carolina say they may bring criminal charges against Michael Phelps for smoking pot. [NYDN]
• Diddy skipped out on DJ Clue's birthday party on Monday night after finding out he'd have to be searched by police before he could get in. [P6]
• Britney Spears is supposedly having panic attacks because she's so worried about her upcoming tour. Or she could just be worried about the lawsuit Sam Lutfi filed against her and her parents yesterday for libel, defamation, and breach of contract. [The Sun, People, P6]
• Sean Penn and Mickey Rourke have ended their feud. [P6]
• Angelina Jolie claims she hasn't even seen all of her own movies. But, really, who has time for such trivial things when you're saving the world? [The Sun]
• Michael Lohan is still bashing his daughter's girlfriend, Sam Ronson. [P6]
• Is 50 Cent launching a line of face creams and diet supplements? [Mirror]
• Victoria Beckham is in talks to become a judge on Britain's The X Factor. [DM]
• Hugh Hefner may have his three new girlfriends replace his old ones on the Girls Next Door's sixth season. [NYDN]
• Stars are just like us—even in times of recession. America Ferrera is selling her house in LA, Eva Longoria wore the same jeans twice, Miley Cyrus shopped from the sale rack at Kitson, and Britney Spears is driving a Mitsubishi. [MSNBC]