By EW Staff
Updated March 31, 1995 at 05:00 AM EST

WINNER OF THE WEEK Capitol Records The label is about to sign Foo Fighters, the band formed by Nirvana drummer Dave Grohl, as well as P, Johnny Depp’s rock project, featuring Butthole Surfers frontman Gibby Haynes.

BEST RUMOR OF THE WEEK Stephen Hawking The brilliant physicist and author of A Brief History of Time might emcee this year’s Lollapalooza. Said a spokesperson: ”When it’s confirmed, we’ll be able to talk about it.”

CONFECTION OF THE WEEK Cake Everyone wants a slice: Bands CAKE, Cake Like, the Sea and Cake, and the Cakekitchen are all making sweet music; on ”Doll Parts,” Courtney Love says she wants to be the girl with the most cake; a Minneapolis music magazine is calling itself Cake; and Sebadoh’s latest album is Bakesale.