Apple's legal bid to pause Apple Watch sales & import ban fails
Apple requested that the Apple Watch ban be stayed while appeals are underway, but the ITC has denied that motion.

Apple Watch Ultra 2
The Apple Watch Series 9 and Apple Watch Ultra 2 will no longer be sold on Apple's website as of December 21, and a full import ban goes into effect on December 25. Apple still has options to avoid a ban, but time is running out.
Apple put in a motion to stay the Apple Watch import ban until appeals could be processed, but the US International Trade Commission has denied that request. The import ban will occur on December 25 as scheduled unless the White House steps in or customs accepts an alteration from Apple.
It doesn't appear as if the White House is moving quickly to make a call. The US trade official Katherine Tai is "carefully considering all of the factors in the case."
There's a small chance that a last-minute software update could be enough to convince customs to avoid a ban. However, the company suing Apple, Masimo, believes only a hardware change will work.
One final option, a result Apple seems to want to avoid, is settlement. Masimo has stated it is open to discuss settlement, if only Apple would pick up the phone.
Read on AppleInsider

Comments
They will presumably rev the hardware to remove the feature at least for the US market and bring it back the moment the patent expires.
For example it's speculated that the real reason MagSafe went away and came back again was a 3rd party patent claim on elements of it.
I expect a resolution by the end of the year in the form of a "settlement". Apple cannot afford an Apple Watch gap! </Dr. Strangelove>
I suppose the mere threat might be sufficient: "look at all the stock we own, and what our plans are. now...grant the license, or you all gonna be on the street soon." Suspect part of that it already in motion, and now we're just haggling price. Price goes down if the tea leaves say Apple is willing to play chicken by making moves to stop sales at least temporarily. My guess is someone at Apple knows how much a sales ban costs per hour.