Investing
Biden administration decides not to overturn ITC’s ban on Apple Watches
© Reuters Biden administration decides not to overturn ITC’s ban on Apple Watches
The Biden administration has opted not to overturn the U.S. International Trade Commission’s (ITC) ruling banning imports of Apple (NASDAQ:) Watches using contested blood-oxygen level reading technology.
Effective December 26, the ban arises from a complaint by medical tech firm Masimo (NASDAQ:), alleging Apple (AAPL) unlawfully incorporated its pulse oximetry tech into the Apple Watch.
“After careful consultations, Ambassador Katherine Tai decided not to reverse the ITC’s determination and the ITC’s decision became final on December 26, 2023,” the agency said in its decision.
Masimo, besides facing a mistrial in its California federal court case against Apple, is counter-sued by Apple for patent infringement.
The ban coincides with Apple’s decision to halt sales of its Series 9 and Ultra 2 smartwatches, affecting its lucrative wearables business, which amassed $8.28 billion in Q3 2023.
Read the full article here
Zillow: These Are the Top 10 Hottest Housing Markets of 2025
Former Zillow Execs Target $1.3T Market
Automate Applications and Supercharge Your Job Hunt for $39
All the PDF Tools You Need in One Easy-to-Use App
Bank regulator gives BlackRock new deadline on bank stakes, Bloomberg reports By Reuters
5 Things That Could Significantly Impact Your Company in 2025
NFI Group surge after board reshaped with new appointments, chairperson By Investing.com
Microsoft Is About to Begin Job Cuts. Here’s Why.
10 Critical Questions to Ask Your Financial Advisor Now
10 Ways to Make Money As a Graphic Designer
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days ago5 Things That Could Significantly Impact Your Company in 2025
-
Investing6 days agoNFI Group surge after board reshaped with new appointments, chairperson By Investing.com
-
Side Hustles4 days agoMicrosoft Is About to Begin Job Cuts. Here’s Why.
-
Make Money3 days ago10 Critical Questions to Ask Your Financial Advisor Now
-
Make Money2 days ago10 Ways to Make Money As a Graphic Designer
-
Passive Income5 days ago3 Challenges Entrepreneurs Will Face in 2025
-
Side Hustles5 days agoThe Canadian Media Lawsuit That Could Reshape Tech’s Future
-
Investing4 days agoWhat CMOs Need to Know About AI Adoption in Marketing Teams