Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Kroger Set to Name Former Walmart Executive Greg Foran as Next CEO 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Nike Inc. and Adidas AG have entered into a settlement agreement related to their infringement lawsuit for the former’s Flyknit shoe technology. The world-famous footwear brands resolved their legal battle months since the complaint was first filed in January of this year.
Nike and Adidas agreed to resolve their patent dispute in the United States regarding the technology that was applied in their sneakers. According to Reuters, the companies jointly requested the dismissal of Nike’s lawsuit last week.
They have asked the Texas court and the International Trade Commission (ITC) to drop their respective cases against each other on Thursday. In response, since this was a mutual decision, the court dropped all the filings, and the dispute was officially settled.
Then again, Nike and Adidas did not release any information regarding the settlement. The terms and conditions of the agreement are still unknown up to now. Both sides, as well as their lawyers, were also not immediately available when contacted for comments.
It was reported that it was Nike that first filed a case against Adidas in Oregon and at the U.S. ITC in December 2021. The Nike Air Force 1 sneaker maker alleged that Adidas, which is its leading rival, has infringed patents of its shoe designs. In particular, the Oregon-headquartered footwear manufacturing firm mentioned that its Flyknit technology had been copied.
The following month which is January of this year, the ITC launched the investigation and checked the Adidas shoes based on Nike’s complaint. Later, in response to the lawsuit, Adidas filed its own case against Nike in June, and this was submitted in East Texas.
The German sports apparel and sneaker manufacturer accused Nike of adapting its shoe-fitting technology, Training Club exercise apps, Run Club, and SNKRS app for limited-edition sneakers. Adidas said that Nike violated the patents of the mentioned technologies that it owns.
Nike is being represented by Christopher Renk of Arnold & Porter Kaye Scholer law firm, while Adidas has Mitchell Stockwell and Matias Ferrario of Kilpatrick Townsend & Stockton. Meanwhile, the Portland Business Journal reported that the companies’ settlement comes after the cases they each filed showed very little progress since January.
