Title: President Biden Upholds Ban on Apple Watches, Benefiting Democratic Mega-Donor Joe Kiani
In a recent development, President Joe Biden has maintained the ban on the latest version of Apple Watches, handing a significant victory to Democratic mega-donor Joe Kiani. Kiani, the founder and CEO of medical technology company Masimo, has donated millions to Democrats and enjoys a close relationship with President Biden.
Masimo has accused Apple of infringing on its patented blood-oxygen level reading technology. Drawing on its legal expertise, Masimo successfully argued for a ban on the sale of Apple Watch Series 9 and Ultra 2 models, which allegedly employ their technology without authorization.
Initially, a federal appeals court had temporarily halted the ban, allowing Apple to pursue an appeal against the ruling. However, the decision has now been upheld by President Biden, amplifying the importance and impact of this legal dispute.
The exact financial consequences of the ban for both Apple and Masimo remain uncertain. It is expected that the ban will affect Apple’s profits and market share, but the extent of these repercussions is yet to be determined. Additionally, Masimo’s financial gains from the ban are not immediately clear.
Kiani’s close ties to the Biden family are worth noting. He has hosted first son Hunter Biden and his wife at his lavish California ranch. Furthermore, Kiani has made substantial donations to the Biden Foundation and supported various pro-Biden political groups, further solidifying his relationship with the President.
Masimo claims that its motivations behind the legal battle extend beyond financial gains. The company asserts that it seeks to hold Apple accountable for allegedly stealing their patented technology and restore integrity to the marketplace. By advocating for their rights, Masimo aims to ensure fair competition and protect innovators in the medical technology industry.
As the ban on Apple Watches remains in place, it presents a significant setback for Apple while providing a favorable outcome for Joe Kiani and Masimo. The implications of this decision are far-reaching, not only for the technology giants involved, but also for the broader market and potential future disputes regarding intellectual property rights in the realm of wearable devices.
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