Anna Wintour's Presidential Party; Weekend Wang Markdowns

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SOHO—Next Thursday night, Anna Wintour and Harvey Weinstein are hosting an intimate fundraising dinner for Barack Obama at the West Village home Weinstein shares with his wife, Marchesa designer Georgina Chapman. Confirmed guests include Gwyneth Paltrow, Chris Martin, Lyor Cohen, Tory Burch, Alicia Keys and Quentin Tarantino, who all paid $71,600 a couple for the privilege. [Page Six]

SOHO—This week has been absolutely dominated by the Alexanders—Wang and McQueen—so let's wrap it up with one final Alex update. This time, the news is about Wang: We've heard from sale organizers that they're definitively cutting prices this weekend. After today's slice of 30%, look for the numbers to drop more tomorrow and even further on Sunday. Every day should see deliveries of new stock—accessories included. [RackedWire]