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U.S. court rejects Allergan bid to shield patents through tribe deal

“(Reuters) – A U.S. appeals court on Friday rejected a novel strategy adopted by drug company Allergan PLC to shield patents from review by an administrative court by transferring them to a Native American tribe” writes Midwest Communications Inc for 95kqds.com. The company in September 2017 transferred the patents to New York’s Saint Regis Mohawk Tribe, claiming the tribe’s sovereign status meant the patents were immune from administrative review.The tribe took legal ownership of the patents and licensed them back to Allergan in exchange for ongoing payments.After announcing the deal,…

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Everton bid £50m for Richarlison as club eyes Barcelona duo

“Follow the Independent Sport on Instagram here, for all of the best images, videos and stories from around the sporting world” writes Ed Malyon for independent.co.uk. Everton have stepped up their summer transfer activity by bidding a club-record £50m for Richarlison and stepping up talks with Barcelona pair Lucas Digne and Yerry Mina over moves to Goodison Park.Brands was interesting in signing Mina during his time as PSV Eindhoven’s sporting director but Barcelona secured a first-option deal for the then-Palmeiras man, finally activating that purchase clause last January. Source: independent.co.uk Share…

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News Oil 

Trump’s friends, Russia and China, delay US bid to cut off oil exports to North Korea

“According to the Security Council North Korea sanctions committee website, only Russia and China have reported legitimate sales of some 14,000 tons of refined petroleum to North Korea in 2018” writes Angela Charlton for businessinsider.com. In March the council blacklisted dozens of ships and shipping companies over oil and coal smuggling by North Korea. Source: businessinsider.com Share This:

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Comcast drops bid for 21st Century Fox assets, leaving Disney in the clear

“Comcast Corp. is dropping its bid for 21st Century Fox FOXA, -1.78% assets, the company said in a statement Thursday morning” writes Sarah Toy for marketwatch.com. Comcast shares have fallen 15% so far this year, while Fox shares have risen 35%. Disney shares have risen 3%, and the S&P 500 SPX, -0.44% has gained 5.3%.”Comcast CMCSA, +2.82% does not intend to pursue further the acquisition of the Twenty-First Century Fox assets and, instead, will focus on our recommended offer for Sky,” the company said in a statement. Source: marketwatch.com Share This:

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USD: Set To Remain Bid On Trade War; EUR/USD Vulnerable To Slide Towards 1.15 – Danske

“This has changed the impact of trade tensions on, notably, the USD. Near-term, the scorecard highlights the case for USD support if the trade dispute escalates” writes Yohay’s Google Profile for forexcrunch.com. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch.While EUR/USD could slide towards 1.15 on this, we do not see much further downside in the cross than that from the ECB already being dovishly priced and the Fed increasingly alert to the negative…

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Resorts makes bid for fall sports betting in New Jersey

“Hard Rock is awaiting approval of its application, and the three casinos owned by Caesars Entertainment have applied for in-person betting, mobile betting or both” reports foxsports.com. ATLANTIC CITY, N.J. (AP) Add Resorts casino to the list of gambling companies that want to offer sports betting in New Jersey by the time football season starts in September.So far, two Atlantic City casinos, the Borgata and Ocean Resort, and two horse tracks, Monmouth Park and the Meadowlands, offer sports betting.In-person betting would be held at Harrah’s and Bally’s (which also would…

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Newcastle have loan bid for Salomon Rondon rejected by West Brom

“Newcastle manager Rafael Benitez has had an ambitious bid to sign Salomon Rondon on loan rejected by West Bromwich Albion” writes John Percy for telegraph.co.uk. Rondon has a release clause of £16.5 million, as revealed by The Daily Telegraph in April, and the club are insisting they will only accept a permanent deal for the striker. Unfortunately we wheel and deal – it’s the way for us. Source: telegraph.co.uk Share This:

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Fox shares drop as prospects of new Comcast bid fade

“Walking away from the main Fox assets would give Comcast less negotiating leverage with Disney and Fox to end the bidding war for Sky” writes Midwest Communications Inc for 95kqds.com. CNBC reported on Monday, citing sources, that Comcast was “highly unlikely” to make a new offer for the Fox assets.Comcast has also been seeking to convince Fox and investors that regulators would approve its bid for the main Fox assets after U.S. Department of Justice gave the green light to Disney’s bid for them.Several analysts have suggested that the two…

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Labour to back England-led bid for 2030 World Cup

“Labour would back an England-led bid to host the World Cup in 2030, the party’s deputy leader has said” writes Telegraph Reporters for telegraph.co.uk. Tom Watson said Labour supported putting a bid together for 2030 to celebrate the centenary of the World Cup football tournament. “After a very difficult year, seeing the country united these last few weeks has been fantastic – and it seems to me you look at Premier League football, which is the best in the world, you look at our lower league football – which is…

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U.S. court denies Jazz Pharma bid to revive narcolepsy drug patents

“Amneal has sought to invalidate other Jazz patents covering Xyrem through litigation in federal court in New Jersey” writes Midwest Communications Inc for 95kqds.com. Jazz said in a statement it was disappointed in the ruling but that it only involves a “subset” of its patents covering Xyrem.The U.S. Court of Appeals for the Federal Circuit affirmed a series of rulings in favor of Amneal that the Jazz patents described obvious ideas.”We remain confident in the strength of our remaining patent estate for Xyrem,” Jazz said.(Reuters) – A U.S. appeals court…

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