On this week's episode of the Glossy Beauty Podcast, we're exploring what teens are hoping to receive for the holidays. To do so, Sara Spruch-Feiner speaks to 13-year-old Indy (whose last name is omitted for privacy), based in Los Angeles, who shares her full wishlist with us, as well as the picks of members of her volleyball team.

But to get a broader look at the gifting landscape in 2025, Spruch-Feiner also interviewed Anna Andreeva, managing director of footwear, beauty and brands at Piper Sandler. Piper Sandler, a financial services company, is well-known for its biannual teen survey, which, this fall, tapped 11,000 teens, most of whom were 15-18 years old and had an average household income of about $70,000.

But first, a look at some of this week’s headlines, including results of this year's Black Friday and Cyber Monday spending, the FDA's decision to withdraw a proposed rule that would have required beauty brands to test talc-based cosmetics for asbestos contamination, and, finally, the news that LVMH Ventures Fund has invested in the niche perfume brand BDK Parfums.