Alphabet-owned life sciences and health company Verily has raised $1 billion in a financing round led by its parent company, the company said. The clinical research business that introduced a Covid-19 testing program in 2020 has also promoted president Stephen Gillett to CEO. Gillett replaces Andy Conrad, the company’s founder, who will become its executive chairman. Gillett joined Verily...
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The Electric electric vehicles
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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