Naomi Watts and Liev Schreiber welcomed their first child on Wednesday, a baby boy named Alexander Pete Schreiber!

Alexander was born at 3:59 p.m. in Los Angeles, weighing in at 8 lbs., 4 oz, and is 22.5 inches long.

Last weekend, Naomi and Liev threw a baby shower at their Brentwood, Calif. home.

Says an insider to Life & Style, “This is a dream come true for both of them and they’ve done everything in their power to make it as special as possible, right down to staying in the dark about the baby’s sex right up until Naomi gave birth.”

Congrats to the happy couple!!

Naomi Watts and “fake husband” Liev Schreiber celebrate the impending birth of their baby by having a baby shower at their home in Los Angeles on Sunday afternoon with 40+ friends and family members.

Celebrity guests included fellow pregnant pal Isla Fisher (Sacha Baron Cohen’s fiancee), Kate Hudson and Robin Tunney (Prison Break).

Naomi is due later this month while fellow Australian actress Isla is due this fall.

25+ pictures inside for a peek inside Naomi Watts‘ baby shower… More Here! »

Naomi Watts and boyfriend Liev Schreiber have reportedly tied the knot, according to Entertainment Tonight.

“We are married. You got it first. Break the story!” Liev told ET on Sunday night at the Tony Awards at NYC’s Radio City Music Hall.

Naomi, 38, and Liev, 39, are expecting their first child together in August.

As of Monday, Naomi wasn’t wearing an engagement or wedding ring but the Aussie actress was wearing a huge sparkly at the Tonys! Liev is also known to play pranks on the media. TIFWIW.

UPDATE: Liev’s rep confirms it was just a joke. Aren’t jokes supposed to be funny? More Here! »

Two big thumbs down!

Liev Schreiber puffs away on his cigarette while walking with his very pregnant girlfriend Naomi Watts on Monday morning around the SoHo district of New York City.

BOO SMOKING AROUND A PREGNANT WOMAN! BOO!!!!!!! BOOOOOOOOOOOO!!!!!!!!

Naomi, 38, and Liev, 39, just attended the Tony Awards last night. The couple are expecting their bundle of joy later this summer.

Soon-to-be mom Naomi Watts and boyfriend Liev Schreiber stylishly sashay across the red carpet at the 2007 Tony Awards at NYC’s Radio City Music Hall on Sunday.

Liev was nominated for Best Performance By a Leading Actor in a Play for his portrayal of shock-jock Barry Champlain in Talk Radio. Unfortunately, he lost out to Frank Langella in Frost/Nixon.

The Aussie actress and Broadway star are expecting their little one later this summer. More Here! »

British-Australian actress Naomi Watts and boyfriend Liev Schreiber are headed to the altar sooner than expected, reports In Touch.

They apparently don’t want their unborn child to be illegitimate!

Naomi, 38, and Liev, 39, are planning a late summer wedding before she gives birth.

“There’s not enough time to plan a big wedding,” an insider said. “They’ll have just 25 guests for the nuptials in her hometown of Sydney, Australia, with a lavish wedding reception for all their stateside friends after the baby is born.”

Pictured: Naomi and Liev at the Penfolds Icon Black Tie Gala during G’Day LA: Australia Week 2007. The event was held at on Jan. 13 at the Hyatt Regency Century Plaza, in Century City, Calif.

Aussie actress Naomi Watts, due this fall with her first child, stops at the Crosby Connection in NYC’s West Village for a bag lunch on Tuesday afternoon.

The glowing mom-to-be is expecting with longtime boyfriend Liev Schreiber.

Edward Norton recently said he broke three vertebrae during a horse riding accident on the set of his new film The Painted Veil (movie stills below). The horse apparently threw him off while he was galloping before filming a scene for the movie.

Here’s what Ed said in a recent interview with AP Radio: “One of those horses chucked me off pretty badly. I broke my spine in like three places. I broke my back. I broke three vertebrae in my back. I felt like my back was horribly wrenched but I sort of assumed I was OK, and I didn’t actually find out I had broken it until I went to Hong Kong. I cracked my 10th, 11th and especially my 12th thoracic vertebrae.”

The Painted Veil tells the tale of a woman who becomes dissatisfied with her marriage, as her husband favors of his research over time with her. An affair leads her on a journey of self-discovery, and her new dedication to fighting cholera brings her to the Far East. The film is directed by John Curran, was shot entirely in China, and co-stars real-life couple Liev Schreiber and Naomi Watts. The Painted Veil hits theaters tomorrow in limited release.