Ticker: Adidas drops BLM trademark challenge; Mortgage rates ease to 6-week low

Adidas is withdrawing its challenge to a Black Lives Matter trademark application featuring three parallel stripes, two days after it contested the image with the U.S. Trademark Office. Adidas had submitted a notice of opposition with the office Monday, saying in the filing that it took issue with Black Lives Matter Global Network Foundation’s application to trademark the use of three parallel yellow stripes on various items such as clothing and bags. By Wednesday, the sneaker giant said it had changed its mind. “Adidas will withdraw its opposition to the...