The U.S. Department of Justice filed a lawsuit aimed at preventing Visa from acquiring the financial technology startup Plaid in a $5.3 billion deal. The lawsuit, filed Thursday in federal court in Northern California, is an effort to stop Visa from buying a company that poses a longterm threat to Visa in the online debit business, The Wall Street Journal reported. Plaid provides the...
e-commerce markets policy
Justice Department Sues to Block Visa’s $5.3 Billion Deal for Plaid
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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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