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Booking.com wins at U.S. Supreme Court

Financial_Markets

Markets summary

The Maltese market closed in the green on Tuesday, with the MSE total index ending the session 0.351% higher to 8,347.534 points. The best performer was Medserv plc with a 15.00% jump to close at 0.69, followed by a 5.42% and 4.39% rise of GO plc and Malta Properties Company plc with a closing price 3.50 and 0.595 respectively. The biggest fall of 1.04% was seen from HSBC Bank Malta plc, which closed at 0.95. Followed by a 1.02% drop of PG plc to close at 1.95.

European stocks slipped on Tuesday, with banks and energy firms leading the losses at the end of a strong quarter, while UK markets took a hit from a worse-than-expected GDP reading. By the end of trading, the benchmark Stoxx 600 was up 0.13% to 360.34, alongside a 0.64% advance for the German Dax to 12,310.93 while the Cac-40 had dipped 0.37% to 4,935.99.

U.S. stocks finished higher to post a sharp Q2 surge with the major averages posting the best quarterly gains in multiple decades amid the unprecedented volatility seen in the first half of 2020. The Dow Jones Industrial Average rose 0.9% to 25,813, the S&P 500 Index increased 1.5% to 3,100 and the Nasdaq Composite advanced 1.9% to 10,059.

Booking.com wins at U.S. Supreme Court in bid to trademark its name

The travel reservation company Booking.com, a unit of Booking Holdings Inc, deserves to be able to trademark its name, the U.S. Supreme Court decided on Tuesday, overruling a federal agency that found it too generic to merit protection.

The court decided 8-1 that the U.S. Patent and Trademark Office was incorrect when it denied the company’s application to trademark the name Booking.com, with the justices finding it distinctive enough that the agency should have approved it.

The court said consumers understand that Booking.com refers to a particular company, and not online hotel reservation services in general.

“Because ‘Booking.com’ is not a generic name to consumers, it is not generic,” liberal Justice Ruth Bader Ginsburg wrote in the ruling.

This article was issued by Nadiia Grech, Junior Trader at Calamatta Cuschieri. For more information visit, www.cc.com.mt. The information, view and opinions provided in this article are being provided solely for educational and informational purposes and should not be construed as investment advice, advice concerning particular investments or investment decisions, or tax or legal advice. Calamatta Cuschieri Investment Services Ltd has not verified and consequently neither warrants the accuracy nor the veracity of any information, views or opinions appearing on this website.