By Dave Karger
Updated May 14, 2010 at 10:10 AM EDT

Today the Croisette belongs to Wall Street: Money Never Sleeps, Oliver Stone’s much-awaited sequel starring Michael Douglas, Shia LaBeouf, and Carey Mulligan. The film screened for the press this morning; I for one thought it was very well done, with terrific acting throughout. For the first time, LaBeouf comes off like a young man instead of a kid. Sequels are often tough sells with the Academy, but I’d give Douglas and Mulligan outside shots in the supporting races as well. I chatted with some of the cast members yesterday, and Mulligan said that her biggest concern is navigating her entrance to the movie’s gala premiere tonight. “I walked past the red steps this morning and had a whole vision of falling down them,” she told me. Meanwhile, Wall Street scene stealer Josh Brolin, along with many attendees here, is most looking forward to seeing his pal Javier Bardem’s new film, Biutiful, directed by Babel‘s Alejandro González Iñárritu. The official description in the Cannes program is mighty cryptic: “Uxbal, sensing the danger of death, tries to reconcile with love and save his children, as he tries to save himself,” it reads in part. Brolin told me: “I hear it’s the most phenomenal film. Sean Penn told me it’s a f—ing masterpiece. Frame to frame, your mind is blown over and over. And Guillermo Del Toro says Javier’s performance is unprecedented.” Biutiful screens here on Monday—here’s hoping it lives up to all the hype.