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0. Data and calendar

All values as of 6 AM ET / 3 AM PT, other than S&P500 close (4 PM ET / 1 PM PT).

No major news event today, in this slow-news, end-of-year holidays week.

1. Apple resumes Watch sales after ban is put on hold by Court of Appeals

Ban temporarily paused until the U.S. Customs and Border Protection decides whether redesigned versions of the Watches still infringe Masimo's patents.
- Jan. 12: U.S. CBP to decide.
- Ban pause may be further extended until the Court of Appeals rules on the case.

Masimo CTO Marcelo Lamego joined Apple in 2014 but left a few months later. He “produced and authored key intellectual property related to bio-sensing,” according to his LinkedIn.
- Masimo's view is that he was hired to copy and patent the blood oxygen sensing technology and left shortly after that.

NYT v. Microsoft, OpenAI, and others.

NYT v. Microsoft, OpenAI, and others.

Linking out to sources (similarly to what Perplexity AI does), and stopping AI models from copying training content verbatim.
Yet, the training per se should be not considered copyright violation, as that process is similar to that of a person reading a book, and such a legal stance would radically decelerate AI development.

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Instagram, YouTube, and TikTok led the way:

Raffoul et al: Social media platforms generate billions of dollars in revenue from U.S. youth: Findings from a simulated revenue model.