The $43B Big Pharma Story is Starting Over-With a New Player

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Montana's TikTok Ban Temporarily Stalled By Federal Judge

Ananya Gairola
November 30, 2023

A federal judge has temporarily halted the ban imposed on TikTok in Montana, marking a significant twist in the first statewide restriction against the popular app.

What Happened: The ban was due to take effect next year, but the app, owned by ByteDance Ltd., argued that it infringes on free speech rights and is based on an unfounded belief that its Chinese ownership is a national security risk, reported Bloomberg. 

Previously, in May this year, Montana became the first state to fully ban TikTok, following specific bans on government devices and networks across the country last year. 

Similar restrictions have been implemented in various countries, including the EU, the U.K., and Canada. Meanwhile, the Indian government had banned TikTok back in 2020

See Also: Instagram Takes A Cue from TikTok: Introduces Download Option for Reels

U.S. district judge Donald Molloy, in his ruling, said, “Despite the state’s attempt to defend SB 419 as a consumer protection bill, the current record leaves little doubt that Montana’s legislature and Attorney General were more interested in targeting China’s ostensible role in TikTok than with protecting Montana consumers,”

The judge’s ruling prevents Montana’s SB 419 measure from taking effect on Jan. 1 while the ongoing legal dispute continues.

Earlier in October, a lawyer arguing for Montana’s attorney general Austin Knudsen said that the state had provided substantial evidence of the need to ban TikTok. The AG’s office also argued that it was irrational for TikTok to allege that Montana lacks proof of its link to China.

Why It Matters: This legal battle comes amid growing concern over TikTok’s influence and security. 

Earlier this year, Utah Governor Spencer Cox accused TikTok of creating an “addictive” environment detrimental to children and obscuring its connection to its parent company, ByteDance. This accusation was part of a lawsuit the state filed against the app. 

Last month, lawmakers called for a ban on TikTok, citing the app’s alleged pro-Palestinian and anti-Israeli stance. 

However, despite these controversies, TikTok continues to hold sway, topping the list of most downloaded apps globally.

Photo by Eliseu Geisler on Shutterstock

Check out more of Benzinga’s Consumer Tech coverage by following this link.

Read Next: TikTok’s Parent Company ByteDance To Fire Hundreds, Pulls The Plug From Gaming

This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

United Microelectronics Backs US Semiconductor Push With Polar Foundry Collaboration

UMC signed an MOU with Polar Semiconductor to collaborate on U.S.-based 8-inch wafer production, supporting industries like data centers.

Bulgaria's government withdraws controversial budget after major protests

SOFIA, Bulgaria (AP) — Bulgaria's government said Tuesday it is withdrawing a controversial budget proposal after protests against it drew tens of thousands of people and saw clashes between police and protesters.

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

Our analysts have built one of the most reliable track records in the memecoin space by recognizing early momentum signals many traders overlook. Their newest pick shows several of the same early indicators found in past standout performers. Get the details before this story spreads.

What to know about missing Malaysian Airlines Flight MH370 as search resumes

KUALA LUMPUR, Malaysia (AP) — More than a decade ago, Malaysia Airlines Flight MH370 vanished without a trace, sparking one of aviation’s most baffling mysteries.

Trump 'Very Seriously' Considering Australian Retirement Savings System For US Working People: 'It's A Good Plan'

President Donald Trump has revealed that his administration is actively exploring the possibility of implementing a retirement savings system similar to Australia's in the United States.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Why Is Symbotic (SYM) Stock Trending Overnight?

Symbotic shares are moving higher overnight following after-hours trading gains and recent analyst and insider activity.

Nokia Secures Multi-Year Pact To Power Telecom Italia's 5G Expansion

Nokia (NYSE: NOK) secures 3-year deal with Telecom Italia (OTC: TIIAY) to expand 5G coverage in Italy using latest equipment.

The Smart Money Copper Trade - Ad

Quebec discovery. Strong grades. Roads and hydro in place. Funding secured for a busy drill calendar. Each assay can build scale and tighten the window for early entries as EVs and data centers pull harder on copper. Do not wait.

Scaramucci Says This One US Mistake Helped China Become a Manufacturing Superpower

Anthony Scaramucci recently highlighted what he considers a significant error by the US that enabled China to ascend as a manufacturing superpower.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

US air travelers without REAL IDs will be charged a $45 fee

Air travelers in the U.S. without a will be charged a $45 fee beginning in February, the Transportation Security Administration announced Monday.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Utility Over Hype: ETF Launch Alert - Ad

This ETF isn't about speculation, it's about infrastructure. Seconds-level settlement, low fees, and institutional custody.

5 Financial To-Dos Before the End of 2025

As 2025 winds down, here are some moves to help you finish the year strong financially. Morningstar’s director of personal finance and retirement planning, Christine Benz, discusses strategies.

Here's why everyone's talking about a 'K-shaped' economy

WASHINGTON (AP) — From corporate executives to Wall Street analysts to Federal Reserve officials, references to the “K-shaped economy” are rapidly proliferating.

D.C.'s Quiet Plan for a New Tech Era - Ad

Why did federal agencies receive orders to "clear the runway" for a phenomenon most Americans haven't even heard of yet? And why are billionaires rushing in weeks before January 1? Whitney Tilson decoded the pattern.

Rahm Emanuel Urges Democrats To Get Tougher on Crime

Rahm Emanuel is urging Democrats to adopt a tougher, community-focused crime strategy as he weighs a potential 2028 presidential run.

How Digital Asset Treasury Firms Are Quietly Rewriting The Rules

DATs are in the spotlight as firms like Strategy (NASDAQ:MSTR) race to accumulate tokens at industrial scale – despi

The New Payments ETF Is Live on NASDAQ: - Ad

Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.

Edmunds SUV comparison: New Toyota RAV4 vs Honda CR-V

A small SUV is a great choice if you want a vehicle that is practical, comfortable and versatile enough to handle anything from daily driving to multi-day road trips. Available all-wheel drive, good mpg and starting prices in the low $30,000s are other big draws. But what to get? Well, two of the most popular picks are the and .

The Repeatable Strategy Behind 20+ Early Memecoin Wins (Revealed) - Ad

Few analysts have been able to consistently spot strong memecoin setups, but our team has developed a repeatable framework that has helped them identify high-momentum plays early. Now they've uncovered a new project showing similar characteristics, and they want you to see the full breakdown yourself.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

They've Done It 20+ Times-Now They've Found a New Memecoin to Watch - Ad

Our analysts have built one of the most reliable track records in the memecoin space by recognizing early momentum signals many traders overlook. Their newest pick shows several of the same early indicators found in past standout performers. Get the details before this story spreads.

Trump administration says it will withhold SNAP from Democrat-led states if they don't provide data

WASHINGTON (AP) — President Donald Trump's administration said Tuesday that it will move to withhold SNAP food aid from recipients in most Democratic-controlled states starting next week unless they provide information about those receiving the assistance.

Stock Market Today: S&P 500, Nasdaq Futures Rise After Breaking 5-Day Winning Streak—MongoDB, CrowdStrike, American Eagle In Focus

U.S. stock futures rose on Tuesday after declining on Monday. Futures of major benchmark indices were higher. On Monday, the month of December kicked off with benchmark indices declining after a five-day winning streak.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Barrick's Breakup Rumors, North America Versus The World

Barrick Mining (NYSE: B) may split into two companies, one focused on North America and another on Africa and Asia.

Shaquille O'Neal Says His Naive Pitch Nearly Wrecked His Wealth: 'If I Get Your Million Now, In A Couple Years, It Will Be A Couple Million'

Shaquille O'Neal has made a remarkable transition from his illustrious sports career to becoming a successful business entrepreneur, with a portfolio estimated to be worth around $500 million.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

New York advances casinos at a Bronx golf course and near Mets stadium

NEW YORK (AP) — Casinos proposed for a golf course in the Bronx and next to the New York Mets’ ballpark are poised to cash in on a for the New York City area.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service