Japanese bank launches $400M ‘patent troll’ fund

SoftBank’s Fortress Investment Group is raising a $400 million fund to sue tech companies over intellectual property infringement, The Post has learned. That’s despite the fact that SoftBank – controlled by Japanese billionaire Masayoshi Son – has a $100 billion Vision fund that invests in exactly the kinds of companies targeted by so-called “patent trolls” that haven’t created successful businesses with their intellectual property.

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The future of genetically modified crops in India | Forbes India Blog

The patentability and the scope of protection to be afforded to Genetically Modified crops (GM crops) has been controversial from the very beginning. GM crops acquire an insect resistant trait through genetic modification. In the case of BT Cotton, the genome of the bacteria, Bacillus thuringiensis, codes for a protein which eliminates the bollworm insect.

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Science and commerce go hand in hand, says Kovind

President Ram Nath Kovind on Sunday said that science and technology have a symbiotic relationship with business and industry, and the combination of research institutions, technology start-ups incubated on campuses, and a knowledge-based business culture can be transformational. Mr. Kovind said that Silicon Valley in California and Bengaluru in India are examples of this.

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ISP Telenor Will Block The Pirate Bay in Sweden Without a Shot Fired – TorrentFreak

Telenor, an ISP that has long fought against site-blocking in Sweden, will now begin blocking The Pirate Bay, apparently voluntarily. The development isn’t the result of a direct court order against the company, rather its final consolidation with Bredbandsbolaget, an ISP owned by Telenor that was previously ordered to block the infamous torrent site.

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Writers, director of Shahid Kapoor’s upcoming film Batti Gul Meter Chalu accused of copyright infringement- Entertainment News, Firstpost

The upcoming film Batti Gul Meter Chalu, starring Shahid Kapoor and Shraddha Kapoor in lead roles, has been in shallow waters for a while now. The movie was put on hold for a while after KriArj Entertainment walked out of the project due to monetary issues.

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Five Years After The Indian Supreme Court’s Novartis Verdict – Intellectual Property Watch

On 1 April 2013, in a packed room inside India’s Supreme Court, a magnificent building in Indo-British architectural style, two judges delivered a verdict that impacted the national and global conversation about patents and patients.

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Petitioner Has Standing to Appeal PTAB Decision Where Litigation is Inevitable – IPWatchdog.com | Patents & Patent Law

Petitioner has standing to appeal a PTAB decision, where petitioner intended to file an ANDA for the patented product as soon as possible. Although in the future, the threat of an inevitable infringement lawsuit constitutes a real and imminent injury sufficient to establish standing.

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China agrees to import more from US

China has agreed to buy more US goods and services, reducing the trade imbalance between the two countries and dampening fears of a looming trade war. Washington says the move will “substantially reduce” its $335bn annual trade deficit with Beijing. But it stopped short of saying exactly how big the reduction would be.

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WIPO Asked To Improve Its Reporting On Development Agenda Implementation – Intellectual Property Watch

The World Intellectual Property Organization annual self-evaluation of the implementation of its 2007 Development Agenda was rubber-stamped by most delegates again this year at the Committee on Development and Intellectual Property. But Brazil offered detailed suggestions on ways to improve the report and ensure that past work is not being included in the reporting on new accomplishments.

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U.S. Puts Tariffs Against China ‘On Hold,’ Mnuchin Says

The Trump administration won’t impose tariffs on Chinese products for now, after the two nations made progress on trade issues during two days of talks, Treasury Secretary Steven Mnuchin said. “We’re putting the trade war on hold. So right now, we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin said on “Fox News Sunday.”

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Patents and patent trolling in America

Washington Despatch | International Some time next month, the U.S. Patent and Trademark Office will issue patent number 10 million. Whether aggressive patenting promotes or stunts innovation is far from a settled debate. But the impending milestone is being marked as an occasion for celebration of American innovation.

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Merkel to address reciprocal market access, IP security in China

BERLIN (Reuters) – German Chancellor Angela Merkel said she would address trade issues such as reciprocal market access and intellectual property protections during her visit to China next week. The four-term German leader said both countries recognized the rules of the World Trade Organisation (WTO) and would push for increased multilateralism at a time of rising global concern about protectionist trade measures undermining growth.

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Walmart seeks CCI nod for Flipkart acquisition

Bengaluru: Walmart Inc. has sought the approval of India’s anti-trust regulator for its $16-billion acquisition of Flipkart, according to a regulatory filing. In a filing sent to the Competition Commission of India that was sourced by paper.vc, Walmart said its proposed buyout of Flipkart did not create any competition concerns and that the pecking order of the broader retail market in India remains unaffected by the deal.

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Flipkart & Walmart tell CCI it is a B2B sales deal – ETtech

Walmart and Flipkart have written to the Competition Commission of India ( CCI) about their transaction and have stated that the relevant market for their combination is in B2B sales. Walmart and Flipkart announced on May 9 that the Bentonville-headquartered company will take over 77% of the Indian e-commerce company for $16 billion.

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Trump missed Congress’s deadline for getting a NAFTA deal done. Now what?

Earlier this month, House Speaker Paul Ryan set a May 17 deadline for the Trump administration to submit a new NAFTA deal with Mexico and Canada to Congress for approval. But on Thursday, the Trump administration missed that deadline – in fact, they didn’t even come close.

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