Apple Inc AAPL The Apple Watch smart wearable is threatened with a ban due to patent infringement by the US International Trade Commission – now it has been reported that the Biden administration will not veto the federal agency’s move.
What happened: A spokesman for the company whose patents were infringed, AliveCor Inc, said it had been briefed that it would not be vetoed, Reuters reported.
According to the report, after the banning ruling was issued on Dec. 22, the White House had 60 days to decide whether to veto it.
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Why it matters: The ITC said in December that Apple Watches should be banned for infringing on patents held by AliveCor, but the ban was suspended while litigation on the patents continued, Reuters reported.
Apple has announced that it will appeal the ITC’s import ban decision Tim cook-owned company would have negative public health implications, according to the report.
AliveCor had reportedly accused Apple of violating three of its patents related to the KardiaBand, an accessory for the Apple Watch that monitors the user’s heart rate, detects abnormal heart rhythms, and creates an electrocardiogram.
The Mountain View-based company also sued Apple in California federal court the monopolization of the US market for Apple Watch heart rate applications and has also reportedly filed a related patent infringement lawsuit in a Texas court.
Price promotion: On Tuesday, Apple shares closed 2.7% lower at $148.48 in the regular session, gaining 0.1% according to after-hours trading Data from Benzinga Pro.
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