Over the weekend, President Obama weighed in on the famous Apple vs. Samsung patent disputes by vetoing an import ban proposed by the International Trade Commission that would have prevented Apple from bringing iOS devices older than the iPhone 4S and iPad 3 into the country.
An avowed fan of Apple’s products, it was the first time a U.S. presidential administration had vetoed a product ban by the ITC since 1987, and seemed to signal that the Obama Administration was not going to penalize an American company like Apple in favor of a foreign company like Samsung.
Financial Markets took notice. Samsung’s market cap is down a billion dollars since the vetoing.