1) The document provides a daily digest of patent and trademark updates from August 1st, 2011 compiled by Sagacious Research. 2) For patents, it summarizes top stories including a Q&A event for inventors, Federal Circuit judicial updates, patent litigation cases, calls for the USPTO to increase speed, and changes to gene therapy approvals in Europe. 3) For trademarks, it summarizes stories on a Supreme Court decision clarifying common law and registered trademark rights and a raid on "Seal Team Six" trademarks.