Hey!
I am doing well, thank you - hope you are too!!
Yes, I'd say that sounds like a scenario where they might be asking about the commercial story. I would usually expect them to frame it along the lines of "Tell us about a recent news story that interested you" or "Tell us about a recent commercial development that will impact our clients".
In terms of structure, I personally found it helpful to keep it quite simple:
1. Brief overview of the commercial story - what happened and who the main parties involved are
2. Why it matters - this is the legal / commercial implications on clients, businesses, regulation, markets, etc.
3. Link it back to the firm - discuss how it might be relevant to the firm's practice areas or the types of clients they involve (e.g. what practice areas would be involved in advising clients on the impact of the story?)
It doesn't need to be an overly long answer, and it is more important to show that you understand the development and can think about its wider implications, rather than just remembering the facts.
I hope that assists!