It’s not necessarily a surprise that the leader of Uber’s Eats division is stepping down. Jason Droege has worked at Uber for six years, after all. But the move comes as Eats accounted for about half of Uber’s $3.7 billion in cash burn in 2019. And the U.S. food delivery industry is heading toward a period of big activity, as DoorDash and Postmates plot possible IPOs and online food-ordering...
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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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