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10.06.26
California Enacts Over Two Dozen Key Privacy and AI Bills into Law in 2026 Legislative Session
As the 2026 legislative session came to a close, California passed a wide-ranging assortment of privacy and artificial intelligence (AI)-related bills. In total, Governor Gavin Newsom signed over two dozen privacy and AI bills into law. The measures fall into six themes:
Alerts
10.02.26
California Passes COMPETE Act Extending State Competition Law to Cover Single-Firm Conduct
On September 30, 2026, Governor Gavin Newsom (D-CA) signed into law AB 1776—the Competition and Opportunity in Markets for a Prosperous, Equitable and Transparent Economy Act (the COMPETE Act). The latest in a series of amendments to the Cartwright Act,1 the COMPETE Act bans monopolization and monopsonization and allows the California attorney general or a California district attorney to bring enforcement actions targeting such conduct.
Client Highlights
10.01.26
Wilson Sonsini Advises SpyGlass Pharma on Acquisition of Advanced Vision Science
On October 1, 2026, SpyGlass Pharma, a late-stage biopharmaceutical company dedicated to transforming the treatment paradigm for patients living with chronic eye conditions, announced the acquisition of all outstanding shares of Advanced Vision Science (AVS), an ophthalmic medical device company and manufacturer of intraocular lenses (IOLs) and lens materials, for approximately $13 million dollars in cash. This acquisition secures scalable commercial IOL manufacturing capacity for SpyGlass Pharma for its Phase 3 lead product candidate (the BIM-IOL System) and accelerates pathway to adding premium lens options into its IOL-based drug delivery system. Wilson Sonsini Goodrich & Rosati advised SpyGlass Pharma on the transaction.
Client Highlights
9.24.26
Wilson Sonsini Advises BlackLine on Acquisition of NetNow
On September 21, 2026, BlackLine, the future-ready platform for the office of the chief financial officer that drives digital finance transformation by empowering organizations with accurate, efficient, and intelligent financial operations, announced it has acquired NetNow, an AI-enabled B2B customer onboarding and credit risk management solution. The acquisition expands BlackLine's invoice-to-cash capabilities, bringing automated credit intelligence, AI-enabled risk and fraud detection, and ongoing portfolio monitoring, further upstream in the customer financial lifecycle. Wilson Sonsini Goodrich & Rosati advised BlackLine on the transaction.
Client Advisories
9.22.26
Evolving Expectations for AI in Mental Health
Artificial intelligence (AI)-enabled mental health products are becoming more ubiquitous with many individuals turning to chatbots, digital companions, coaching tools, and other AI systems for mental health support. They are also attracting increased attention from regulators, policymakers, and courts. As discussed in our previous client alert, Legal Framework for AI in Mental Healthcare, these products already fall within a patchwork of federal and state regulatory frameworks. Recent developments suggest government scrutiny of the sector is likely to continue increasing, including recent actions by agencies, state laws, and emerging litigation. For companies developing AI-enabled mental health products, key considerations may include medical device regulation, emerging state AI laws, Federal Trade Commission (FTC) oversight of health-related claims, privacy, transparency and health data use, and potential liability theories, including the unauthorized practice of medicine or psychology.
Alerts
9.18.26
European Commission Proposes “EU KIDS Act” to Restrict Children’s Access to Online Services
On September 17, 2026, the European Commission (EC) published a proposed “EU KIDS Act,” which would impose minimum-age requirements to access social media and video-sharing platforms, subject to mandatory age verification, as well as an obligation for covered entities, including providers of online games and AI chatbots and AI companions, to build specific safety features by design.
Client Highlights
9.18.26
Wilson Sonsini Advises Superhuman on Acquisition of Fathom
On September 14, 2026, Superhuman, an AI productivity platform bringing AI to wherever people work, announced its acquisition of Fathom, an AI meeting partner trusted by hundreds of thousands of companies to capture, search, and act on what happens in meetings. Wilson Sonsini Goodrich & Rosati advised Superhuman on the transaction.
Newsletters
9.09.26
European Antitrust Bimonthly Bulletin – July/August 2026
The firm is pleased to distribute the European Antitrust Bimonthly Bulletin, which distills the major antitrust developments in Europe over the past two months into concise and actionable takeaways. Companies operating in, or transacting with, Europe should take note of this quarter's developments in merger enforcement, digital markets regulation, and AI-related antitrust scrutiny.
Alerts
9.08.26
FINRA Adopts New Intraday Margin Requirements
The Financial Industry Regulatory Authority (FINRA) recently adopted amendments to FINRA Rule 4210 Margin Requirements (Amendments), which will substantially alter the supervision and regulation of margin day trading. The Amendments were designed to simplify existing requirements around active trading while modernizing the rules to reflect advances in real-time risk monitoring technology.
Client Highlights
8.20.26
Wilson Sonsini Advises Highspot on Merger with Seismic
On August 18, 2026, Seismic, an AI-powered sales and revenue enablement platform, announced the completion of its merger with Highspot. Following a second request review, the merger obtained U.S. antitrust clearance, which allowed the transaction to close without any action by the Department of Justice Antitrust Division. The combined company will operate under the Seismic name and be led by Seismic Chief Executive Officer Rob Tarkoff. Wilson Sonsini Goodrich & Rosati advised Highspot on the transaction.