Business
Can Apple Overturn the Smartwatch Sales Ban?
Apple is appealing a US sales ban of its smartwatches due to a patent dispute with Masimo Corp. The business generates roughly $17 billion a year. Bloomberg’s Mark Gurman reports on the impact of this ruling and if Apple can get it overturned.
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Saudi Aramco’s headquarters in Dhahran is hit in a Houthi attack, sparking a fire and marking a major escalation against Saudi energy infrastructure. Iran is also intensifying attacks on shipping in the Strait of Hormuz, adding further pressure to regional trade and energy routes.
Donald Trump says the Houthis are trying to push oil prices higher at Iran’s behest and says he is considering joining the Saudi-led campaign.
Asian stocks rise ahead of US inflation data, while Fed official John Williams says he sees no need for further tightening beyond one more rate increase this month.
Bank of America faces potential fines of around $1.2 billion over alleged money-laundering lapses, while an OpenAI employee has been arrested over a hidden recording device.
At the Bloomberg New Economy Forum in India, Marubeni President and CEO Masayuki Omoto discusses the changing global supply-chain map and the impact of the Middle East war on supplies.
DP World CEO Yuvraj Narayan says the impact of the conflict on shipping, inflation and the cost of trade could be significant, while Cisco Chairman and CEO Chuck Robbins discusses technological sovereignty, resilience and growth opportunities across the Middle East and India.
Dangote Refinery profit surges ahead of a planned IPO, while Senegal’s rapid debt-workout plan faces new obstacles and Botswana is said to be nearing agreement on the size of its stake in De Beers.
Elsewhere, Canadian International Trade Minister Maninder Sidhu discusses India-Canada trade ties, while Mubadala Deputy Group CEO Waleed Al Muhairi says Asia could account for 25% of the group’s portfolio by 2031, with South Korea among the markets he sees as well positioned. Guests includes Charu Chanana, Saxo Chief Investment Strategist, Rachel Ziemba, Ziemba Insights Founder, Masayuki Omoto, Marub
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:02:25 – Saudi Aramco Headquarters Hit in Houthi Attack
00:06:37 – Charu Chanana, Saxo Chief Investment Strategist
00:13:18 – Masayuki Omoto, Marubeni President & CEO
00:19:53 – Bloomberg NEF Panel on the ‘Middle Power’ Moment
00:27:08 – Chuck Robbins, Cisco Systems Chairman & CEO
00:36:51 – Rachel Ziemba, Ziemba Insights Founder
00:39:16 – Yuvraj Narayan, DP World CEO
00:42:58 – Maninder Sidhu, Canadian International Trade Minister
00:48:07 – Waleed Al Muhairi, Mubadala Deputy Group CEO
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Netflix Inc. is replacing its chief creative officer with Peter Rice, a veteran TV and film executive, as it tries to spur growth and find new hits. He’ll be in charge of scripted and unscripted series, film and live events across all regions. Bloomberg’s Ed Ludlow reports.
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Author Thomas Frank tells Bloomberg This Weekend that America’s celebration of creativity and innovation has helped justify policies that elevated white-collar knowledge work while contributing to inequality and the decline of manufacturing. Speaking with hosts David Gura and Christina Ruffini about his new book, The Creativity Con, Frank argues that innovation is neither uniquely American nor a guarantee of broadly shared prosperity.
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Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern have the economy and global markets “under surveillance”. Their daily conversations with leaders and decision makers from Wall Street to Washington and beyond cover the latest in business, investment, and geopolitics. No other program better positions investors and executives for the trading day.
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New York City Comptroller Mark Levine is calling on Anthropic PBC to delay its possible initial public offering due to artificial safety concerns. He says the company needs to address safety work and mitigate risks now, before it faces shareholder pressure to perform. He speaks on “Bloomberg Surveillance.”
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@michaelupchurch3779
January 7, 2024 at 9:47 am
Masimo will loose
@khairulnaeim756
January 7, 2024 at 9:47 am
How about slave thing…,
So this thing can be done…,
Yeah free country..,
Everyone can shitt…
@monkeyboy9896
January 7, 2024 at 9:47 am
Rules for thee not for me pay a super pac and get a veto. Sounds like American justice to me😮🎉🎉
Sad but true 👹
@aveenmahabal
January 7, 2024 at 9:47 am
Masimo has FDA approval for their O2 sats patent on their 10 year old devices. Apple simply stole their workers, took their product, put it on the apple watch without asking. Im getting a garmin watch to replace my old apple watch.
@Siriuspact6309
January 7, 2024 at 9:47 am
I’m not gonna lied, The Apple Watch is really much better than Masimo.
@familei3349
January 7, 2024 at 9:47 am
Why all the hype. It's a device that will be buried in trash in five years like the other 33 iterations of their phone.
@Vanguardclass
January 7, 2024 at 9:47 am
Bruh 4:41 How is the fact that Masimo’s patent being infringed in the past and hence got settlements on the same ..a defense to patent infringement?😂 and he is talking about “this is complex” ..come on man ..
@hummersd
January 7, 2024 at 9:47 am
All good points they're bringing up, especially the one about Masimo using patent lawsuits as a source of revenue, as well as the fact that Apple is suing Masimo for their new Watches. The other thing to remember is that the blood oxygen feature is only one health feature of modern Apple Watches — starting with Series 6, and it's now on Series 9. There are numerous other features such as heart rate, ECG, workouts, etc. so in the end, if Apple loses the final patent lawsuit (remember, this ITC ruling is not the overall patent lawsuit, it was another way for Masimo to fight back since the judicial system takes a long time), they can easily market other features and US customers lose out on this one, older, feature. Not the end of Apple Watch or Apple.
@md.mohaiminulislam9618
January 7, 2024 at 9:47 am
shark vs shark
@ejonesss
January 7, 2024 at 9:47 am
apple at 2.7 trillion of worth can easily afford to settle, buy the patent or even pay as a super pac to the president to veto.
heck tim cook can afford a solid rhodium misoger the deluxe model complete with 4 heads so it can be used to misoge 2 people at the same time and self cleaning.
@jerryware1970
January 7, 2024 at 9:47 am
This government can’t stop ten million illegal migrants crossing the southern border, but can stop Apple watches from being sold.
@muslimgod
January 7, 2024 at 9:47 am
God
@jimbojimbo6873
January 7, 2024 at 9:47 am
I will buy a new mac to help them
@ArabicReja973
January 7, 2024 at 9:47 am
Apple CEO Tim Cook, Tesla chief Elon Musk, and Blackstone's Steve Schwarzman gave standing ovations to authoritarian Chinese 🇨🇳 Xi Jinping at $40,000 per plate dinner in SF.