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

Uber Technologies Inc. has struck a defiant tone after three recent jury verdicts in passenger sexual assault cases, with its legal team arguing that the outcomes have actually shown the strength of its defenses and dampened “unrealistic expectations” of high-figure settlements.

When I joined the DOJ in 2025 as the deputy antitrust enforcer, I was committed to bringing Live Nation to trial, Notre Dame professor Roger Alford writes. But it was state AGs who “delivered a stunning blow” to the music giant.

As part of a Bloomberg Law Insights series about the tension between intellectual property and artificial intelligence, Steptoe attorneys explain why using AI to write software code can raise the risk of copyright infringement.

The frequency of tax-free debt exchanges has risen alongside spin-off and split-off transactions, but the IRS’s unclear position on such exchanges warrants taxpayer caution, Simpson Thacher’s Drew Purcell and Alec Jarvis say.

Former FBI Director James Comey was indicted for a second time since Donald Trump returned to the White House last year, with prosecutors alleging that he threatened the president’s life in a social media post.

In a cramped Manhattan apartment in late 2021, three young investment bankers often toiled into the wee morning hours, crunching away on spreadsheets and rearranging logos on slide decks, while one of their roommates was taking a risk.

Chancellor Friedrich Merz’s cabinet approved a healthcare overhaul and a multi-year budget blueprint, laying the groundwork for a push to revive Germany’s economic growth.

The secretary of labor’s ability to unilaterally reach settlements with mine operators under investigation for violating safety rules is in jeopardy after a federal appeals court refused to bolster that dealmaking power.

Talks over a potential $500 million US government rescue financing deal for Spirit Aviation Holdings Inc. have hit an impasse, with a lender group that includes Citadel, resisting terms that would likely severely impair their claims and recoveries, according to people familiar with the matter.

Elon Musk testified Tuesday he’s suing OpenAI and two of its co-founders — Sam Altman and Greg Brockman — because the startup’s pivot from a charity to a for-profit business is wrong and sets a concerning precedent for other philanthropic efforts.

Uncertainty around the economic outlook and a leadership transition at the US central bank loom large over this week’s meeting of Federal Reserve officials, who are expected to leave interest rates unchanged on Wednesday.

Democrat and Republican lawmakers are searching for a way to bring down health care costs, a top concern for voters.

Key congressional Republicans are poised to break with Donald Trump on his proposed 44% raise for the Pentagon, a rare act of defiance that signals the president’s weakening grip on Washington as the midterm elections near and he quickly approaches the back half of his second term.

Republican lawmakers are looking at ways to lower taxes on capital gains as the party searches for new ways to woo voters worried about the cost of living heading into November’s midterm elections.

Nike Inc. and Levi Strauss & Co. are among companies grappling with how to record refunds on the Trump administration’s tariffs in their financial reports while uncertainty related to the payments persists.

The frequency of tax-free debt exchanges has risen alongside spin-off and split-off transactions, but the IRS’s unclear position on such exchanges warrants taxpayer caution, Simpson Thacher’s Drew Purcell and Alec Jarvis say.

Australian Prime Minister Anthony Albanese said his government wouldn’t “undermine” existing liquefied natural gas exports with new taxes, warning that doing so during a global energy crunch would risk investment and fuel security.

In a cramped Manhattan apartment in late 2021, three young investment bankers often toiled into the wee morning hours, crunching away on spreadsheets and rearranging logos on slide decks, while one of their roommates was taking a risk.

As the Iran war strangles natural gas supplies, countries across Asia and Africa are rationing fuel and enduring blackouts. In Europe, the conflict is raising the risk of an energy crunch this winter.

NXP Semiconductors NV jumped as much as 17% in premarket trading after giving an upbeat revenue forecast, a sign the chipmaker is bouncing back from a prolonged auto industry slump and tariff uncertainties.

Blackstone Inc. has agreed to invest as much as €2 billion ($2.3 billion) in Eurowind Energy, a pan-European renewables developer and independent power producer.

An ongoing first-of-its-kind Delaware trial testing corporate oversight claims underlines the limits of insurance policies meant to shield the personal assets of directors and officers sued for mishandling company operations.

Nike Inc. and Levi Strauss & Co. are among companies grappling with how to record refunds on the Trump administration’s tariffs in their financial reports while uncertainty related to the payments persists.