Welcome to Bloomberg Law’s Wake Up Call, a daily rundown of the top news for lawyers, law firms, and in-house counsel.

Big Law attorneys shepherding companies to public markets have been playing a stop-and-start game as the war in Iran roils equity markets. But lawyers are confident a long list of large companies waiting to sell new shares could still produce a record year.

Multi-Color Corp.'s brief but contentious bankruptcy encapsulated some of the thorniest issues in modern corporate reorganizations, including venue shopping, and concluded in a surprising fashion: with a judge mediating his own case.

A series of court rulings shed light on when a fictional brand can accrue trademark rights and if using a fictional brand in the real world creates actionable confusion.

No profession is getting as good a deal on AI as the legal industry today. In one sense, AI is paying lawyers to use it. But that will likely change soon, so the time to build your AI-powered workflows is now, DXC Technology’s Matt Fawcett writes.

A winter trip to help villagers in western Alaska file their annual taxes underscored the importance of pro bono work among tax practitioners.

A proposed change to how the Department of Labor determines joint employer classification is primed to withstand the kind of judicial review that struck down its predecessor from the first Trump administration.

No profession is getting as good a deal on AI as the legal industry today. In one sense, AI is paying lawyers to use it. But that will likely change soon, so the time to build your AI-powered workflows is now, DXC Technology’s Matt Fawcett writes.

Recent court decisions in Delaware provide departing employees and advisers with fuel to fight noncompete covenants that may have previously been enforced in the same jurisdiction.

An unexpected deterioration in China’s labor market has reached the key demographic of early-career workers, as seasonal pressures amplified spillovers from the war in Iran while wider use of artificial intelligence raises risks for employment.

The Trump administration is nearing a rescue package for Spirit Airlines that could give the US government the option to own as much as 90% of the carrier once it emerges from bankruptcy, according to people familiar with the matter.

White House National Economic Council Director Kevin Hassett indicated support for Federal Reserve Chair Jerome Powell’s plan to stay at the central bank’s helm on a temporary basis if a successor hasn’t been confirmed by the Senate when his term expires next month.

The UK collected £944 million ($1.3 billion) in digital services tax from tech companies in 2025-26, official data showed Thursday.

The European Commission’s coming tax simplification package will reduce the administrative burdens on companies that have signed up to the global minimum tax deal, a top official said Thursday.

Senate Republicans are on a collision course with many of their House counterparts over whether to use their most powerful legislative tool — a funding bill Democrats can’t stop — to narrowly fund the Homeland Security department or to go big and try one last election-year push on affordability.

PricewaterhouseCoopers LLPagreed to pay HK$1.3 billion ($166 million) in fines and compensation to settle investigations into its auditing work for the collapsed property giant China Evergrande Group.

The White House is angling its midterm election strategy to focus on Democrats’ biggest vulnerabilities leading into November.

Blackstone Inc. reported a larger-than-expected jump in distributable earnings, boosted by a robust start to dealmaking before the war in Iran rattled investors. With US markets rising and AI ventures preparing to go public, President Jon Gray predicted the firm’s “best year ever” for stock listings.

Lululemon Athletica Inc. named Heidi O’Neill its new chief executive officer as the athletic retailer looks to move beyond a turbulent period of slowing growth and investor unrest.

The US is in the midst of a battery boom critical to keeping the lights on amid heat waves, winter storms and surging electricity demand from artificial intelligence. But developers are increasingly encountering an implacable foe: communities afraid that large lithium-ion storage farms could spontaneously burst into flames.

China has stepped up measures to protect its role as the world’s factory as the US and its allies look to move manufacturing closer to home.

The US military said it intercepted two Iranian oil supertankers that tried to evade its blockade as Washington continues to stymie the Islamic Republic’s shipping and Tehran threatens vessels in the Strait of Hormuz.

Activists have disrupted Woodside Energy Group Ltd.’s annual general meeting as Australia’s liquefied natural gas industry faces increasing domestic scrutiny over windfall export profits during the war in Iran.