Lifestyle Beauty & Style Red Carpet Style Salma Hayek and Penélope Cruz Hold Hands on WSJ. Magazine’s Innovator Awards' Red Carpet The event was also attended by Ariana Grande, Aubrey Plaza, Cynthia Erivo, Reese Witherspoon, Emily Ratajkowski and Sarah Paulson By Kimberlee Speakman Kimberlee Speakman Kimberlee Speakman is a digital writer at PEOPLE. She has been working at PEOPLE since 2022. Her work has previously appeared in Forbes and she has also worked in broadcast television as a reporter for Hawaii-based news station KHON2 News. People Editorial Guidelines and Angel Saunders Angel Saunders Angel Saunders has been a writer at PEOPLE since 2023. She’s previously worked at iHeartMedia, IndieWire, and REVOLT. People Editorial Guidelines Updated on October 30, 2024 11:18AM EDT Comments Salma Hayek and Penélope Cruz are taking the city that never sleeps by storm. The Bandidas costars, 58 and 50, respectively, stepped out on the red carpet for WSJ. Magazine’s 14th Annual Innovator Awards at the Museum of Modern Art in New York City on Tuesday, Oct. 29. The pair held hands as they smiled and posed beside one another, each channeling their own versions of glam. Cruz commanded the show in a form-fitting sparkling silver gown. Her low-cut top featured a draped design and a daring thigh-high split showed off her strappy heels. Hayek came in hot in a red strapless floor-length dress. The tailored garment included a structured waist for a modern moment. The actresses were joined by Ariana Grande, Aubrey Plaza, Cynthia Erivo, Reese Witherspoon and Deacon Phillippe, Emily Ratajkowski, Sarah Paulson and several others. Penelope Cruz and Salma Hayek Pinault attend the 2024 WSJ Magazines Innovator Awards. Taylor Hill/Getty Salma Hayek Poses in Stylish Bikini on a Boat in New Photos: 'Sunday Vibes' This comes as Hayek stars in Angelina Jolie’s new drama Without Blood, based on the 2002 book by Alessandro Baricco. She previously praised the Oscar winner, 49, on her directorial skills to PEOPLE, saying, “It was a life-changing experience for me making this film." "After so many years, to feel that somebody really listened, really saw me, really created a safe space for me, really embraced me, really admired my talent and let me know... I discovered things about myself as an actress. I was so proud of myself. I was doing things I couldn't believe I was doing and how easy it was," she explained at the PEOPLE/Entertainment Weekly suite at the Toronto International Film Festival, where Without Blood premiered. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. Penelope Cruz and Salma Hayek. TIMOTHY A. CLARY/AFP via Getty She further shared that she was “surprised” by how “warm and generous and kind” the Maleficent star was to the actors. The actress, who costarred with Jolie in the 2021 film Eternals, shared that the two even switched dynamics while on the set of their new film together. She explained, "In [Eternals] I was a little bit of a mother figure to her. In this movie, I felt like she was my motherly figure because she would come to the set and run it like a family." Salma Hayek Celebrates Daughter Valentina’s 'Last Birthday at Home': 'Already Having Separation Anxiety' The "Without Blood" cast at TIFF. Monica Schipper/EveryStory2024/Getty "She was a very efficient mother, but she was also there emotionally every step of the way," she added. Earlier this month, the Frida star also celebrated her stepson Augustin "Augie" James on Instagram in honor of his 18th birthday. She shared a series of family photos of the teenager, who is the son of Hayek's longtime husband François-Henri Pinault and supermodel Linda Evangelista. "Happy 18th bday Augie," Hayek wrote in her caption. "You’re officially a full grown up man who just became legal at least in Mexico and France. 😱."