Diversity Lab is closing, months after the organization focused on DEI in the legal industry put a key program on hiatus because of attacks from the Trump administration.

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

President Donald Trump’s tariffs and the growing demand for data centers are among the issues affecting law firms—particularly those with a large number of attorneys, according to Bloomberg Law’s recent State of Practice survey.

Blockbuster IPOs planned by Anthropic, OpenAI and SpaceX are encouraging a growing list of companies to consider public listings, bolstering Big Law capital markets practices.

After the Supreme Court’s ERISA ruling in M & K Employee Solutions, the withdrawal-liability figure an employer receives before leaving a multiemployer pension plan may not be the number that controls after withdrawal, says Hall Benefits’ Samuel Krause.

The US Court of Appeals for the Fifth Circuit has the institutional mandate to confront legal challenges to the Inflation Reduction Act’s drug pricing program—regardless of the US Supreme Court’s silence, says Alice LaCour of Hilgers.

A California federal court consolidated two wage and hour cases by Liliya Ramsey against HV Global Management and MVW Services involving FLSA and state law minimum wage claims, which included identical parties, overlapping classes, and common questions of law and fact. Ramsey v. HV Glob. Mgmt. Corp., 2026 BL 207689, N.D. Cal., 26-cv-04197-BLF, 6/3/26

House Democrats affiliated with the Congressional Labor Caucus are urging to National Labor Relations Board to investigate alleged anti-union activity by Apple Inc. after the tech giant announced it would close its first unionized store.

Diversity Lab is closing, months after the organization focused on DEI in the legal industry put a key program on hiatus because of attacks from the Trump administration.

A Tennessee federal district court denied summary judgment to the Shelby County Government on an ADA failure to accommodate claim by a retirement supervisor with knee osteoarthritis, finding factual disputes over the reasonableness of requested leave. Fuller v. Shelby Cnty. Gov’t, 2026 BL 207150, W.D. Tenn., 2:24-cv-2618-SHL-cgc, 6/3/26

A New Mexico federal district court denied summary judgment to a school social worker on her ADA failure to accommodate claim against Albuquerque Public Schools, finding factual disputes about remote work feasibility related to essential job functions. Lipe v. Albuquerque Pub. Schs., 2026 BL 206898, D.N.M., Civ. No. 23-899 GBW/JMR, 6/3/26

A decision blocking Genworth Financial Inc. employees from challenging the BlackRock Inc. funds in their 401(k) plan as a certified class will stand, the Fourth Circuit announced Thursday, declining to rehear the case.

Dozens of cities failed to convince the Texas Supreme Court on Friday to invalidate legislation capping the franchise fees they can charge telecommunications providers under the state constitution’s gift clauses.

India and the US may execute an interim trade deal next month, Commerce and Industry Minister Piyush Goyal said, even as Washington proposed fresh tariffs on imports from major trading partners including the South Asian nation.

The Hungarian tax and customs authority published guidance Thursday on how global minimum tax reporting and related international information exchange under EU rules will operate for in-scope entities.

Software company UiPath expects some tax disputes it’s facing in India to be withdrawn after the company’s subsidiary there agreed to an advance pricing agreement with the country’s tax authorities.

Proposals to increase wealth taxes by those vying to become the next UK prime minister risk raising little extra revenue and could hit economic growth, according to new analysis.

India’s central bank and government unveiled a “bazooka” package to support the rupee after it plunged to a record low, dusting off a 2013 taper tantrum-era playbook to spur foreign inflows.

Diversity Lab is closing, months after the organization focused on DEI in the legal industry put a key program on hiatus because of attacks from the Trump administration.

A group of former teachers at Burlington High School in Vermont agreed to drop their lawsuit against Monsanto Co. and its affiliates over their exposure to harmful levels of polychlorinated biphenyls through school building materials.

WWE co-founder Vince McMahon and architects of the wrestling empire’s merger with UFC are expected to testify in a shareholder dispute that now threatens to overshadow sprawling litigation throughout their industry because of sanctions over deleted Signal app messages.

Underwriters on SpaceX’s $75 billion initial public offering have been told not to accept orders from investors in Hong Kong and China, citing US restrictions around the export of critical technology, people with knowledge of the matter said.

Western Asset Management Co. reached a $100 million settlement with the Securities and Exchange Commission to resolve an investigation related to trading practices of its onetime star manager Ken Leech.

An activist shareholder group cautioned investors against purchasing SpaceX stock when it goes public, as the company’s unusual governance structure leaves shareholders few avenues to hold management accountable.