Cryptocurrency exchange Bullish and special purpose acquisition company Far Peak Acquisition Corporation ended plans to merge, ending Bullish’s path for a public listing on the New York Stock Exchange. Bullish, which was formerly a subsidiary of Peter Thiel-backed Block.one, announced its plans for the SPAC merger in July 2021 and was expected to complete the deal in March 2022. It later...
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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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