PlayStation maker Sony is buying Bungie, a game studio based in Bellevue, Washington, for $3.6 billion. In an announcement published on the company’s website, CEO Pete Parsons asserted that Bungie will continue to “independently publish” its games, and Sony says that Bungie will continue to support development across multiple platforms. The deal follows Microsoft’s $68.7 billion proposed...
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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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