Ticker: Apple loses latest bid to avert patent dispute; Wall Street bounces back

Apple on Thursday stopped on-line gross sales of two in style fashions of its internet-connected watch within the U.S. after dropping its newest try and untangle a patent dispute.

Both the Apple Watch Series 9 and Ultra 2 grew to become unavailable to order on-line starting at 3 p.m. ET, as the corporate adopted via on its plan to droop gross sales of them due to a authorized battle over an mental property declare filed by medical know-how firm Masimo.

The International Trade Commission rejected Apple’s bid to get round a late October order blocking the corporate from utilizing a few of know-how underlying the Blood Oxygen measurement characteristic on the Series 9 and Ultra 2 watches.

Wall Street bounces again

Wall Street rebounded Thursday to claw again most of its sharp drop from the prior day, which was its first huge step backward since a rally started in late October.

The S&P 500 climbed 1% and is again inside 1% of its all-time excessive, a day after its worst tumble in almost three months. The Dow Jones Industrial Average rose 322 factors, or 0.9%, and got here near setting a document for the sixth time within the final seven days. The Nasdaq composite jumped 1.3%.

Flight cancellations drop

So far this 12 months, airways have canceled 1.2% of U.S. flights, down almost half from 2.1% over the identical interval final 12 months.

“I don’t want to jinx us, but so far 2023 has seen the lowest cancellation rate in the last five years,” Transportation Secretary Pete Buttigieg mentioned Tuesday. He added, nonetheless, that winter climate “will certainly be a challenge in the next few weeks.”

Source: www.bostonherald.com”