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- Nikola surged as much as 21% on Wednesday as investors searched for clues that a deal between General Motors and the electric-vehicle start up had been finalized.
- Mention of Nikola on General Motor’s website was widely circulated on Wednesday, but the webpage notes that the transaction between the two companies “has not yet closed.”
- General Motors CEO Mary Barra said earlier this month talks remain ongoing with Nikola after a previously announced deal was put on hold following a short-seller report that alleged fraud at the electric truck company.
- Visit Business Insider’s homepage for more stories.
Investors in Nikola are scouring the internet in search of clues that a previously announced $2 billion manufacturing deal with General Motors will go through.
That deal, announced in September, was put on hold following a report from Hindenburg Research that alleged Nikola and its co-founder Trevor Milton committed
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VoIP-Pal on Tuesday won an appeal in the Federal Circuit in its ongoing patent litigation against Apple, meaning that the case will return to the lower courts.
The patent holder initially filed several lawsuits against Apple dating back to 2018 alleging that several of the tech giant’s platforms, such as FaceTime and iMessage, violated its intellectual property. In this specific case, which was dismissed by a California District Court in late 2019, VoIP-Pal alleged infringement of four patents related to voice over IP protocols.
On Tuesday, the U.S. Court of Appeals for the Federal Circuit affirmed VoIP-Pal’s appeal of the 2019 ruling. Although oral arguments in that case were scheduled for Nov. 3, they were canceled.
In its appeal, VoIP-Pal argued that the U.S. District Court for the Northern District of California erroneously determined that its patent claims were ineligible and dismissed its patent lawsuit in error. The court had