EU and CPTPP Nations Push for Landmark Digital Trade Agreement 
Microsoft Backs Anthropic in Legal Fight Against Pentagon's AI Blacklist 
Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears 
FEMA Reinstates $1 Billion Disaster Prevention Grant Program After Court Order 
WTO Ministerial Collapse Leaves Global Digital Trade Rules in Limbo 
Russell 1000 Companies Hit $2.2T Cash Record While Aggressively Reinvesting in Growth 
Asian Currencies Hold Steady Amid U.S.-Israel-Iran Tensions and BOJ Signals 
KPMG UK Cuts 440 Audit Jobs Amid Low Attrition and Cooling Professional Services Demand 
Oil Prices Surge Past $100 as U.S.-Iran Peace Hopes Collapse 
Europe's Aviation Sector on Track to Meet 2025 Green Fuel Mandate 
Brazil Meat Exports Weather Iran War Disruptions With Rerouted Shipments 
NASDAQ Tech Selloff: Correction or Collapse? What Analysts Are Saying 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Aluminum Prices Surge Toward Four-Year Highs After Gulf Smelter Strikes 
WTO Digital Trade Moratorium Expires Amid Stalled Negotiations 
Star Entertainment Secures $390M Refinancing Deal to Stabilize Operations 
U.S. Stock Futures Drop as Iran War Escalates, Oil Surges Past $115 
Nike Inc. is asking the International Trade Commission in Washington to block imports of Adidas AG Primeknit shoes for infringing its patented invention for a knitted fabric that reduces waste while maintaining performance.
The patents are for Nike’s FlyKnit technology, which creates a sock-like fit in the upper part of the shoe by using the use of specialized yarn from recycled and reclaimed materials.
Nike said it developed the technology by spending over $100 million for a decade of research and it was the first major technological innovation in footwear uppers in decades.
The shoes that Nike hopes to ban include Adidas by Stella McCartney Ultraboost, Pharrell Williams Superstar Primeknit Shoes, and Terrex Free Hiker hiking shoes.
Nike also made similar allegations in its patent-infringement suit in federal court in Oregon.
After FlyKnit was introduced before the 2012 London Olympics, it has been adopted by hoops icon LeBron James, soccer superstar Cristiano Ronaldo, and world record marathoner Eliud Kipchoge.
Nike said that Adidas has forgone independent innovation while spending the past decade unsuccessfully challenging several of its FlyKnit technology patents while using Nike’s patented technology without permission.
According to Nike, it was forced to sue Adidas for its unauthorized use to defend its investments.
Meanwhile, Adidas said it would defend itself against the allegations..
Adidas spokeswoman Mandy Nieber claims that its Primeknit technology resulted from years of dedicated research.
