Apple (AAPL) scored a victory on Wednesday as a U.S. appeals court paused a government commission’s import ban on some of its popular Apple smartwatches following a patent dispute with medical-technology firm Masimo (MASI), Reuters’ Blake Brittain reports. The tech giant had filed an emergency request for the U.S. Court of Appeals for the Federal Circuit to halt the order after appealing the U.S. International Trade Commission’s decision that it had infringed Masimo’s patents. The author notes that President Biden’s administration declined to veto the ban on Dec. 26, allowing it to take effect. In Wednesday morning trading, shares of Masimo have dropped almost 5% to $114.82.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AAPL:
- Apple (NASDAQ:AAPL) Takes on Watch Ban
- Apple files appeal of ITC ban on sale of certain Watch models, Bloomberg reports
- U.S. Trade Representative declines to reverse Apple Watch patent ruling
- Japan planning monopoly rules targeting Google, Apple, Nikkei says
- USTR backs panel ruling on Apple’s infringement of Masimo patent, Bloomberg says