Salma and Penelope decided to walk the red carpet together, holding hands and smiling for the cameras at the event. The two stars stepped out in one of the latest fashion trends, corset dresses.

Reese Witherspoon, Linda Evangelista, Penélope Cruz and other big stars attended the WSJ. Magazine Innovator Awards.

When you buy through links on our articles, Future and its syndication partners may earn a commission. Cruz opted for a shimmering silver cowl-neck gown with a thigh-high slit from Dolce & Gabbana.

The awards show was a veritable friendship feast as well as a fashion one, as besties Penelope and Salma walked hand-in-hand, Wicked co-stars Cynthia Erivo and Ariana Grande giggled together on the ...