A federal judge is expected to hear arguments tomorrow on whether LIV Golf should be allowed to keep its player severance deals secret in bankruptcy court.

Why it matters: The Saudi-backed league filed for Chapter 11 last month after its strategy of paying big money to lure players away from the PGA Tour proved unsustainable.

🤐 The intrigue: Bankruptcy experts questioned whether LIV Golf's motion to file the contracts under seal is justified, saying there must be a compelling reason to shield them from the spotlight in court.

• LIV Golf attorneys said in a court filing that its players' separate agreements contain "commercially sensitive" information that must be shielded from public view, including "specific and detailed terms regarding releases, payment amounts, and ongoing business arrangements."

🤷 What we're watching: It remains to be seen whether anyone will object.

• The U.S. Trustee — part of President Trump's DOJ — would typically be the most likely party to file an objection to a request like this in a major bankruptcy case. But it has not done so yet — and the office declined to comment for this story.

⛳️ Zoom out: Wednesday's hearing is a pivotal moment in the case as LIV tries to find a path to reinvention after the Saudis withdrew funding, citing a shift in investment strategy.

• LIV disclosed Monday in a court filing that it had obtained $4 million in debtor-in-possession bankruptcy financing from BC Partners as part of the investor's agreement to provide up to $300 million if it can lure a sufficient number of players to commit to the league's second iteration.
• The investor envisions players participating in LIV 2.0 as equity holders, giving them "a direct voice in building its future."

Go deeper

Google and Constellation Energy announced a deal in which Constellation will invest $4.3 billion to upgrade 11 nuclear units in three states to help meet growing demand for electricity, Axios' Pete Gannon writes.

• Why it matters: It's the latest deal from Big Tech meant to fund new nuclear generating capacity needed to support its enormous data center buildout.

⚡️ Driving the news: Google parent Alphabet signed a deal to purchase power from Constellation for 20 years.

• That contracted revenue will enable Constellation to upgrade 11 company-owned nuclear units in Illinois, Pennsylvania and New Jersey.
• The upgrades will result in 890 megawatts of new capacity — roughly the output of a new nuclear reactor — delivered to the PJM Interconnection grid in phases from 2028 through 2032, the companies said.

☢️ The big picture: The AI industry's near-term need for power is presenting an opportunity for the nuclear industry, Axios Pro's Katie Fehrenbacher has reported.

• Brand-new nuclear projects can take decades and tens of billions of dollars to build — but extensions and restarts of aging reactors take far less time and money.

📈 The impact: Constellation shares closed up 12.1%.

Go deeper

🍣 Uber is acquiring ezCater for $2.3 billion, a deal meant to broaden Uber Eats' reach to corporate clients looking to cater events and meetings. (WSJ)

🏷️ Mattel is facing more pressure to consider a sale, this time from 5.4% shareholder Ariel Investments. (Reuters)

🍔 McDonald's plan to overhaul its restaurants and menu is drawing questions from some U.S. franchisees concerned about the costs of upgrades. (Bloomberg)

And now to shift gears...

• I have a new book coming out!

State of play: "Big Labor's Big Shift" will be released April 27 by Beacon Press.

• It chronicles the American union movement's resurgence and dramatic move to the right — a massive political realignment.
• The backdrop is an ongoing battle for the soul of the American working class over issues like immigration, trade and culture.

🔍 Zoom in: The book traces how the shift happened, including:

• Teamsters president Sean O'Brien, who has cozied up to Trump and delivered his message at the Republican National Convention.
• UAW president Shawn Fain, who has aligned with the White House on tariffs while blasting Democrats over their push for EVs.

The bottom line: You can preorder it now!