Middle East conflict casts shadow of global ad outlook

The ad spending numbers for 2026 looked good until the war in the Middle East made them provisional. 

Not because they were optimistic or vacuous about ad spending this year but because they were built on assumptions about a world that existed two weeks ago – one where the biggest variables were tariffs, AI and the schedule of marquee sporting events.

Madison and Wall’s latest update has made that tension visible: the firm raised its 2026 U.S. ad forecast from 6.6% to 8.1% (excluding political advertising) but noted that the economic assumptions underneath it were written before the conflict in the Middle East started. 

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Sephora announces partnership with F1 Academy

This story was first published by Digiday sibling Glossy.

Sephora is gearing up for another sports partnership. On Wednesday, the LVMH-owned beauty giant announced a multi-year partnership with F1 Academy, the women’s racing championship founded by Formula One Group.

As the official beauty retail partner of the series, the beauty giant will appear on a dedicated Sephora-branded car driven by teenage Spanish driver Natàlia Granada and host consumer-facing beauty bars at all of the F1 Academy races. 

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