Amazon is in talks to buy podcast publisher Wondery, the Wall Street Journal reported Wednesday. Founded in 2016, the venture-backed podcast startup was valued at $100 million during its most recent funding round in June 2019. It is currently in discussions to be sold at a valuation of over three times that, people familiar with the matter told the Journal. The move marks Amazon’s latest foray...
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The Electric: Western Auto and Battery Makers’ Big Gamble on Indonesian Nickel
For much of the last century, metals companies have made stainless steel from nickel mined in Russia or the Philippines and smelted at temperatures up to 2,900 degrees. But demand for nickel is outstripping supplies because the metal is a key component in most electric vehicle batteries. So metals producers have turned to a new supplier—Indonesia, which possesses vast reserves of a previously...
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