Toshiba Corporation shares climbed over the last day after a report that the company could be teaming up with Bill Gates to develop advanced nuclear reactors. The source that tipped off the Nikkei business daily in Japan about the deal was unnamed. The Traveling Wave Reactor would have the ability to operate for about 100 years without having to refuel.
Toshiba would work with TerraPower, a company that was funded by Gates. Toshiba spokesman Keisuke Ohmori said that the Toshiba and TerraPower talks were currently in early-stage. [MarketWatch]