Good morning. Barely 72 hours after a controversial plan to sell part of the World Cup’s commercial rights was first leaked, FIFA President Gianni Infantino abandoned it amid global outrage. The backlash forced a stunning reversal, and JPMorgan attempted to place a $20 billion valuation on the proposal.

Additionally, former President Trump ordered a fresh attack on Iran, while the recent law‑firm defections sent shockwaves through the legal community. Meanwhile, author Charlotte Alter argued in a Journal essay that Michigan’s Senate primary is a reckoning for the Democratic Party, pitting two millennial candidates against each other in a fight between moderates and progressives.

The legal world was shaken when six partners left Wachtell for Gibson Dunn, ending decades of a gentlemanly code that barred poaching and tied pay to seniority. The defections illustrate a broader trend of elite New York firms losing ground to larger rivals, where rainmakers now chase high‑stakes pay packages comparable to NBA stars. The episode highlights how quickly political and market pressures can overturn even the most ambitious sports commercial strategies, reshaping the landscape for future tournaments. These developments signal a pivotal shift in both sports governance and corporate strategy.