Welcome to the Smart Set. Every morning we bring you the gossip coverage, filtered. Today:David Duchovny and Tea Leoni are spending some time apart (again), Tom Petty isn't happy a with GOP politician using one of his songs (again), and John King and Dana Bash welcomed the Prince of CNN.

  • David Duchovny and wife Tea Leoni are reportedly separating, though "sources close to the couple" are quick to note that while Duchovny and Leoni are "taking time apart, they have not decided if they will file for divorce." They briefly broke up and reconciled in 2008, so there's precedent for this kind of pause. They've been married since 1999 and have two sons. [TMZ]
  • Tom Petty isn't happy with Michele Bachmann after the Minnesota GOP presidential hopeful played Petty's "American Girl" at a campaign rally earlier this week. Reportedly, "Petty's manager will be asking the candidate's team not to use his song again" at future events. [NBC News]
  • Mel Gibson has finally reached a divorce settlement with estranged wife Robyn Moore, attorneys told a judge in Los Angeles Tuesday. Moore filed for divorce in April 2009, months before Gibson's mistress Oksana Grigorieva delivered the couple's first child, but according to court filings the pair had been separated since 2006. At the time, Gibson's net worth was close to $900 million, and because "it's been reported that the couple did not have a pre- or postnuptial agreement" when they married 28 years ago, all of Gibson's assets would be up-for-grabs under California's community property law. Details of the settlement weren't disclosed, but lawyers said it was "regarding division of property and other assets." Those properties include three houses in Malibu, a private island off of Fiji and a ranch in Costa Rica. The deal is slated to be finalized in August. [Us]
  • It's not quite Michael Jackson's "Thriller" jacket selling for $1.8 million, but a black handbag that once belonged to British Prime Minister Margaret Thatcher sold for $39,800 Monday at a charity auction at Christie’s in London. Thatcher "owned the handbag for more than 30 years, and was pictured carrying it when she met former U.S. President Ronald Reagan in 1985 during a trip to America." The item was sold "via a telephone bid to a Cypriot client who was a university student in the U.K. during the Thatcher years, and whom the auction house described as 'a big fan' of the former prime minister." [Women's Wear Daily]
  • Eva Mendes has been romantically linked to comedians Larry David and Jason Sudeikis in recent months, but she's also a big fan of funny women, judging by her recent response to Bridesmaids' Kristen Wiig "at an after-party at the Vault at Pfaff's for Horrible Bosses." According to witness, Mendes "was literally elbowing her way through the VIP area to talk to Kristen" and praise her work. No word on what Wiig said in response. [Page Six]
  • CNN power couple John King and Dana Bash welcomed their first child Tuesday, a boy named Jonah Frank King. [Fishbowl DC]
  • You have to be a Newsday subscriber (or live on Long Island and subscribe to Comcast) to read the full report, but art world mega-dealer Larry Gagosian apparently had a fire at his art-stuffed Hamptons home last night. The free portion of the report blames a "plumber's soldering torch." [Newsday]