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Adidas U-turns on Black Lives Matter trademark logo

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The Sneaker company originally believed the BLM logo was too similiar to theirs

Adidas has did a hasty U-turn and dropped a bid to stop Black Lives Matter registering a trademark, which it said was similar to its own three stripes.

Adidas said the group’s yellow-stripe design would create confusion – especially on goods that it also sells, such as hats and t-shirts.

The German sportswear giant had filed a request to the U.S. Trademark Office earlier in the week seeking to block registration of the logo.

Adidas says it has been using its own three-stripe design since 1952.

It has filed over 90 lawsuits and signed more than 200 settlement deals related to the trademark just since 2008.

That’s according to court documents filed in a case against designer Thom Browne.

A jury in that case decided Browne’s stripy designs did not violate Adidas’s trademark rights.

The Black Lives Matter Global Foundation is the most prominent entity in the decentralised movement, which campaigns to stop police violence against Black people.

It applied for a federal trademark in November 2020 for use on a variety of merchandise and publications.

Adidas gave no reason for dropping its objection to the logo.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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