Don’t Mess With Yoga Pants

We all know yoga and biking hardos take their leggings seriously… but seriously, has this gone too far? 😅

Lululemon filed a lawsuit against Peloton today, claiming the bike brand’s latest activewear line infringes on Lulu’s patented clothing designs. Specifically, Peloton’s “strappy bra, high neck bra, cadent peak bra, cadent laser dot bra and cadent laser dot leggings” irked the yoga brand for bearing resemblance to Lulu items. 

On November 26, Peloton sued Lululemon — Peloton requested an official court declaration stating the bike maker did not violate Lululemon’s clothing patents. And November 26’s lawsuit came just weeks after Lululemon threatened to sue Peloton over its clothing designs on November 11. 

Sheesh, talk about tit for tat. A Peloton spokesperson commented:

On top of the numerous clear and obvious differences in design, Peloton and Lululemon’s brands and logos are also distinctive and well-recognized, making confusion between products a virtual impossibility.” Lululemon responded “We will defend our proprietary rights, to protect the integrity of our brand, and to safeguard our intellectual property.”

All this drama over two companies that used to collaborate on designs. Don’t mess with yoga pants. 🤷

Pfizer’s Flop Continues

It’s been a rough ride for pharmaceutical giant Pfizer since the end of the pandemic, and that rollercoaster ride continues today. 🎢

The company last announced earnings in October but needed to update Wall Street on its 2024 forecast. It cited weak demand for its Covid products as the reason for a weaker-than-anticipated revenue and earnings forecast.

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A Chip Off The Holiday News Flow

It’s a slow week in the market, but as usual, there’s some news out of the semiconductor space. Let’s take a look. 👀

First up is Israel granting Intel $3.2 billion to support the company’s biggest investment in the country. Intel will not only build a $25 billion factory that creates thousands of jobs but will also buy $16.6 billion in goods and services from Israeli suppliers over the next decade. It is anticipated that the plant will open in 2028 and operate through at least 2035. 🏭

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Apple Drains EV Resources For AI

After ten years of research and development, Tim Apple is finally pulling the plug on Apple’s electric vehicle (EV) project. Because as we all know, EVs have lost their luster and given way to the business world’s new savior…artificial intelligence (AI). 😇

Bloomberg broke the news today, saying the tech giant disclosed the strategy shift internally and surprised the nearly 2,000 employees working on the project. Executives told staffers the project would begin winding down and that many of the car team’s employees would be shifted to its artificial intelligence division, focused on generative AI. 

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AT&T Suffers Major Outage

Those who work at AT&T today did not have a great day, but those who use their services had a pretty good excuse to chill out at work today. That’s because the telecom giant experienced a nationwide cellphone outage that impacted tens of thousands of its customers today. 📵

While the nation’s largest carrier said it restored wireless service to all impacted customers by midday, no reason has been given for the outages. With T-Mobile and Verizon’s networks unaffected, regulators quickly questioned whether AT&T experienced a hack or other cyberattack. 📡

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