Yahoo Finance is tracking Apple, Tesla and Mondelez in intraday trading on Friday.
Apple (AAPL) – Qualcomm (QCOM) is suing Apple, alleging the tech giant infringed on six of its patents. The chipmaker is now asking regulators to halt imports of iPhones that violate the patents. Don Rosenberg, executive vice president and general counsel of Qualcomm said in a statement, “Qualcomm’s inventions are at the heart of every iPhone and extend well beyond modem technologies or cellular standards … The patents we are asserting represent six important technologies, out of a portfolio of thousands, and each is vital to iPhone functions. Apple continues to use Qualcomm’s technology while refusing to pay for it. These lawsuits seek to stop Apple’s infringement of six of our patented technologies.”
Tesla (TSLA) – The electric car maker’s CEO Elon Musk says the company is building the world’s largest lithium-ion battery storage system in the world in South Australia. Musk has promised that the project will be done within 100 days or it will be free. The plant is expected to be able to power 30,000 homes.
Mondelez (MDLZ) – The food company announced that it was the victim of a cyber attack on June 27 and expects to reduce its revenue by 3% in the second quarter. The hack hit Mondelez’s IT network, which disrupted its shipments and affected its ability to invoice sales during the last four days of the quarter. The stock has fallen about 7.5% over the past month.
For more on Friday’s big stock movers, check out the Final Round, live at 4 p.m. ET, right here on Yahoo Finance.