5 Things To Know This AM — Aug 11 2010

She made a killing as June Carter Cash, so it makes sense that Reese Witherspoon is set to produce and star in a Peggy Lee biopic. Nora Ephron will write and direct. (Buzzsugar)
Katy Perry wore not one, not two, but seven outfits at the Teen Choice awards this past Sunday. (HuffPo)
Hollywood is buzzing that Emma Watson buzzed her hair off in hopes to be cast as Lisbeth in the David Fincher adaptation of The Girl With The Dragon Tattoo. (Celebritology)
If any of you are fans of Sister Act and Sister Act II: Back In The Habit (and really, who isn't) then you are in luck: Whoopi Goldberg is allegedly signing on to be in the musical. (Telegraph)
In the wake of the Hayden Christensen and Rachel Bilson broken engagement, E! rounds up five other runaway bride and grooms. (E!Online)

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