Food-delivery apps DoorDash and Postmates previously discussed merging, per Recode. It sounds like a case of “1+1=1,” as dealmakers might say. That is, not a game-changer. Like with some other on-demand services, it’s been difficult to understand how much value DoorDash and Postmates create for customers (have you ever ordered food from one of them and not been surprised by the fees they...
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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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