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Skittles owner sues THC-laced copycat Zkittlez for trademark infringement

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Skittles owner sues THC-laced copycat Zkittlez for trademark infringement


Skittles logo at the entrance to the supermarket trading floor.

Igor Golovniov | SOPA Images | LightRocket | Getty Images

Mars Inc.’s Wrigley unit, the owner of Skittles, Starburst and Life Savers candies, filed complaints against Terphogz, the maker of THC-infused candy Zkittlez, on the grounds of trademark infringement.

Lawsuits were filed Monday in U.S. federal courts Illinois and California and in Canada seeking to halt the sale of Zkittlez goods, drug paraphernalia, clothing and merchandise.

“At Mars Wrigley we take great pride in making fun treats that parents can trust giving to their children and children can enjoy safely. We are deeply disturbed to see our trademarked brands being used illegally to sell THC-infused products, and even more so to hear of children ingesting these products and becoming ill,” a Mars company spokeswoman said in a email.

THC is the psychoactive compound in cannabis.

One of the complaints filed in the U.S. District Court for the Northern District of Illinois named Terphogz and five Illinois-based companies that purchase, advertise and resell Zkittlez in the state.

In the court filing, the Skittles maker seeks damages from Terphogz and its resellers and asks the court to place a permanent injunction on the sale of any products using Zkittlez marks and hand over any products or merchandise using the marks.

Additionally, Wrigley is hoping to have the Zkittlez website transferred to it and all social media accounts be disabled and that Terphogz withdraw its trademark application for the brand.

“Terphogz’s Zkittlez Marks are substantially identical in sight, sound, meaning, and commercial impression to Wrigley’s Skittles Marks,” the filing states, citing the red packaging as an example.

Wrigley said it is concerned the similar product names are confusing to consumers, and it could hurt the company’s reputation.

Terphogz did not immediately respond to a request for comment.



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Stellantis NV Earnings, Revenue Beat in Q1 By Investing.com

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Stellantis NV Earnings, Revenue Beat in Q1 By Investing.com



© Reuters. Stellantis NV Earnings, Revenue Beat in Q1

Investing.com – Stellantis NV reported on Wednesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Stellantis NV announced earnings per share of €0.4356 on revenue of €37B. Analysts polled by Investing.com anticipated EPS of €0.3885 on revenue of €36B.

Stellantis NV shares are up 1.36% from the beginning of the year, still down 3.86% from its 52 week high of €15.46 set on March 11. They are under-performing the which is up 10.65% from the start of the year.

Stellantis NV follows other major Consumer Cyclical sector earnings this month

Stellantis NV’s report follows an earnings matched by Moncler SpA on April 21, who reported EPS of €0.0107 on revenue of €365.46M, compared to forecasts EPS of €0.0107 on revenue of €362.99M.

Piaggio&C had beat expectations on April 29 with first quarter EPS of €0.03 on revenue of €385M, compared to forecast for EPS of €0.02 on revenue of €346.3M.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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World shares resilient, drugmakers hit by Biden’s move on vaccines By Reuters

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World shares resilient, drugmakers hit by Biden’s move on vaccines By Reuters



© Reuters. FILE PHOTO: A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon

By Hideyuki Sano

TOKYO (Reuters) – World shares and commodity prices held firm on Thursday as investors switched to cyclicals amid hopes of a strong economic recovery, but drugmakers’ shares came under pressure after Washington backed waiving patents for COVID-19 vaccines.

MSCI’s broadest gauge of world stocks, ACWI, was up slightly and European stocks are expected to open flat with both Euro Stoxx futures and futures little changed.

jumped 1.8% as it reopened after a five-day holiday.

But MSCI’s index of Asia-Pacific shares outside Japan lost 0.15% as Chinese shares, also resuming trade for the first time since last week, wobbled. The CSI300 fell 1.3%, led by falls in biotech firms.

China’s healthcare share index dropped more than 4% after U.S. President Joe Biden threw his support behind waiving intellectual property rights for COVID-19 vaccines.

Biden’s move hit U.S. vaccine makers, too, including Moderna (NASDAQ:), but Wall Street was supported overall by gains in energy and other cyclical shares.

Dow hit a record high overnight, having risen 0.29%, while the added 0.07%.

“This year, both the U.S. and Chinese economy could grow 6% or more. If the world’s two biggest economies are growing that much, clearly that’s positive,” said Norihiro Fujito, chief investment strategist, Mitsubishi UFJ (NYSE:) Morgan Stanley (NYSE:) Securities.

Against this backdrop, commodity prices are riding high, with flirting with 10-year peaks.

Oil prices extended gains to edge near their March tops as crude stockpiles in the United States, the world’s largest oil consumer, fell more sharply than expected.

futures stood at $65.65 per barrel, little changed on the day but just below Wednesday’s two-month high of $66.76. [O/R]

As agricultural products such as corn, soybeans and wheat, have gained sharply in recent weeks, Thomson Reuters (NYSE:) CRB index has risen to its highest level since 2015, having gained more than 21% so far this year.

BONDS AND CURRENCIES

Higher commodity prices are fuelling inflation expectations in the bond market.

The U.S. breakeven inflation rate, or inflation expectations calculated from the yield gap between inflation-linked bonds and conventional bonds, rose to as high as 2.48% overnight.

But the U.S. nominal bond yields held relatively stable, with the 10-year U.S. Treasuries yield little changed at 1.584%.

“Bonds were supported partly because the pace of vaccinations has slowed in the States and as real-money investors are starting to buy,” said Naokazu Koshimizu, economist at Nomura Securities.

“The rise in inflation is also driven more by supply constraints than demand, which is why we are seeing rising inflation expectations and a fall in nominal yields,” he added.

In currencies, the Australian dollar briefly dropped as much as 0.6% after China said it was indefinitely suspending all activity under a China-Australia Strategic Economic Dialogue, the latest setback for their strained relations.

It last stood down 0.15% at $0.7734

The British pound was flat at $1.3910 ahead of a central bank policy review.

The Bank of England could slow the pace of its bond buying to allow its quantitative easing programme to last until the end of the year, as it could reach the cap by September at the current pace of buying.

Investors also looked to Scotland’s election that could trigger a showdown with British Prime Minister Boris Johnson over a new independence referendum.

Other currencies were little moved, with the focus on Friday’s U.S. monthly jobs report which is expected to show that nonfarm payrolls increased by 978,000 jobs last month.

The euro stood flat at $1.2004 while the yen changed hands at 109.35 per dollar.





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Tesla developing platform to allow car owners in China access data By Reuters

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Tesla developing platform to allow car owners in China access data By Reuters



© Reuters. FILE PHOTO: The logo of car manufacturer Tesla is seen at a branch office in Bern, Switzerland October 28, 2020. REUTERS/Arnd Wiegmann

BEIJING (Reuters) -U.S. electric-vehicle maker Tesla (NASDAQ:) Inc said on Thursday it was developing a platform for car owners in China that will allow them to access data generated by their vehicles.

Tesla, which makes Model 3 sedans and Model Y sport-utility vehicles at its Shanghai factory, aims to launch the data platform this year, it said in a statement.

This is the first time an automaker has announced plans to allow customers access car data in China, the world’s biggest car market.

Automakers for the past several years have been equipping more vehicles with cameras and sensors to capture images of a car’s surroundings. Control of use, sending and storage of these images is a fast-emerging challenge for the industry and regulators worldwide.

China last month published draft rules to ensure the security of data generated by smart cars. Data collected from Tesla electric cars in China is stored in the country, a company executive said last month.

Tesla in April was targeted by state media and regulators after a customer, angry over the handling of her complaint about malfunctioning brakes, climbed on top of a Tesla car in protest at the Shanghai auto show. Videos of the incident went viral.

Tesla provided the data related to the brake incident to the customer complying with the local authorities’ order.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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