New York Financial News

By Mayank Bhardwaj and Sumit Khanna

Delhi High Court rejected PepsiCo Inc's appeal against an order that revoked a patent for a potato variety grown exclusively for the New York-based company's popular Lay's potato chips. The Protection of Plant Varieties and Farmers' Rights (PPVFR) Authority in 2021 revoked intellectual protection granted to PepsiCo's FC5 potato variety, saying that India's rules do not allow a patent on seed varieties. The authority removed PepsiCo's patent cover after Kavitha Kuruganti, a farmers' rights activist, argued that the company cannot claim a patent over a seed variety.

The Hollywood Reporter. He died at his home in Mount Kisco, New York, after a battle with esophageal cancer.  Deyle made his Broadway debut in March 1979 in the musical 'Annie', joining the ensemble of the Sarah Jessica Parker starrer by playing Louis Howe, Fred McCracken and Bert Healy, ANI reported.  He went on to work in the 1980 Broadway revival of Lerner & Loewe's 'Camelot', starring Richard Burton, and in the subsequent U.S.

Saba Capital has built a 5.02 per cent stake in Pengana International Equities, which is trading at a 16.7 per cent discount to its asset backing, just two weeks after the New Yorker activist investor went substantial at VGI Partners Global Investments.

Lawyers representing billionaire Elon Musk and Tesla asked a United States district court judge to toss out a motion to have them sanctioned over alleged conflicts of interest in a $258 billion lawsuit alleging Musk participated in an illegal racketeering scheme related to the Dogecoin (DOGE) cryptocurrency.

Investing.com — Oil bulls are finally getting a break on rate hike concerns after a softer-than-expected U.S. jobs report for June suggested some tempering in the Fed’s hawkishness when the central bank’s policy-makers sit for their next rate review in three weeks.

By Sinéad Carew

Netflix as of July 2023.

Major League Cricket (MLC), the recently established professional cricket league in the United States, marked its official inauguration by participating in the ceremonial ringing of the closing bell at the New York Stock Exchange (NYSE) on Thursday, July 6. This event signified the growing prominence and appeal of the sport in the United States, as it introduced top-tier T20 cricket to American audiences through a domestic league for the very first time.

By Scott DiSavino

An Asian American-owned bookstore in Manhattan’s Chinatown left gutted by a July fourth fire is getting flooded with support from the community, writers and celebrities

Stocks that traded heavily or had substantial price changes on Friday: First Solar, Castle Biosciences rise; Levi Strauss falls

Financial advisors are jumping onto Threads, but the new social media app from Meta Platforms Inc. could create a new set of compliance headaches for the wealth management industry.

Investing.com — Gold isn’t about to lose its $1,900 handle yet — not with a U.S. labor market that finally may be cooling.

Katie Notopoulos announced on Twitter that she is now “fired” as the Editor in Chief of Threads, Meta’s new social media app. The recently launched application possesses comparable functionalities to Twitter and is managed by Meta, establishing it as the most formidable contender in the market. Numerous individuals, including prominent influencers and streamers, have already joined Threads, resulting in a steady growth of its user base. Initially claiming to be the Editor in Chief, Katie Notopoulos experienced significant online backlash following her controversial post expressing support for Nazi ideologies. The controversy began on Thursday, July 6, 2023, when a user named @riff_n_ryan raised a question regarding the app's creators: «Will you ensure the removal of Nazis from this platform?» This inquiry arose due to the concerning state of Twitter under Elon Musk's leadership, prompting many to seek a more favourable alternative to the micro-blogging app.

Regulatory uncertainty in the US is driving digital assets platform Bakkt to expand internationally to Hong Kong, the United Kingdom, and the European Union, CEO Gavin Michael noted.

Several human rights organizations are concerned about Open Society Foundations plans to lay off 40% of their global staff as billionaire investor George Soros hands over leadership to his son

Threads, Meta’s text-based app seemingly built to rival Twitter, is live

Twitter has threatened legal action against Meta over its new text-based app called Threads

Stocks that traded heavily or had substantial price changes on Thursday: Genius Sports rises; JetBlue, Vimeo fall

Now-defunct cryptocurrency exchange FTX pulled out of the planned deal with Taylor Swift, not the other way around.