Former law firm managing partner Kevin Yau quit law to retrain as a plumber, worried the job would be safer from AI than his legal career. He's now lead plumber at The Clean Plumber. It fits a wider trend — 58% of young Aussies say AI has already influenced a career decision: news.com.au

⚖️ Tech: A US federal judge has ruled the Trump administration acted unlawfully when it branded Anthropic a “supply chain risk”, a designation usually reserved for foreign firms. Judge Rita Lin found the move was retaliation after Anthropic refused Pentagon demands to let Claude be used for autonomous weapons and domestic surveillance, and ruled the government can’t use vague national security claims to punish a critic. The decision permanently blocks federal agencies from enforcing Trump’s order, though an appeal is likely. Anthropic had warned the “supply chain risk” designation could cost billions, with a $2tn IPO reportedly on the horizon later this year: The Guardian

⚖️ M&A: The Takeovers Panel has made a declaration of unacceptable circumstances against Forrestania Resources over its pursuit of Zenith Minerals. It found Forrestania should have disclosed a substantial Zenith holding by mid-April, not June, and that its bidder's statement hid its involvement in the Edna May mine sale process, which was capable of reshaping the deal. The Panel also found Forrestania's 23 July update, which implied it was closing in on majority control, was misleading — directors couldn't actually convert their shares until control was reached. While the Panel decides on final orders, it's ordered Forrestania to extend its takeover offer to at least 14 September and freeze any further processing of shareholder acceptances in the meantime: Takeovers Panel

⚖️ Regulatory: ABC's Four Corners "Duped" series exposed dodgy food labelling and modern slavery risks in Australian supply chains, and regulators are responding fast. The ACCC has launched inquiries into the claims raised, while the government is pushing ahead with civil penalties and a new criminal offence for companies that fail to prevent modern slavery in their supply chains. Even technically compliant labels can still mislead, as Heinz's $2.25m penalty over its "Little Kids Shredz" claims shows. Businesses should tighten supply chain due diligence now, particularly around tier two suppliers and country of origin claims, before enforcement catches up: Mallesons

Cotality data shows 93% of capital city suburbs fell in value over winter, cutting $40k off the median home price. Sydney led the slide, down 4.7% and now under $1.5m median for the first time in a year: SMH

Treasury is calling AI the first credible productivity boost in almost two decades, capable of lifting growth to 1.2% a year if businesses actually get on board. Problem is, they're not. Under 10% of Aussie businesses report "significant" adoption, most are just dabbling: Capital Brief, ABC News

⛏️ Canyon Resources' majority owner A2MP has copped a Takeovers Panel referral over its 5c low-ball bid, a 42% discount to market and way down on its 26¢ offer in March. Questions now swirl over A2MP's possible ties to fellow shareholder World Metal Alloys: AFR

🩻 Advent Partners and doctor-owned Radiology SA have merged their imaging businesses into Radia, a new top-five player, after raising $360m to fund the $700m tie-up. The combined group runs 28 clinics plus a growing teleradiology arm: AFR

🚢 Austal's US$1.05bn to US$1.2bn sale of its American arm to Hanwha looks shaky after a $202.8m EBIT loss from the division and mounting Pentagon unease over the Korean shipbuilder: The Australian