The contract is likely one of the largest EV supply deals that GM has signed and suggests it remains committed to EVs despite pushing back investments.
"Sitting here today, I would say, two or three cuts would seem to be appropriate for me right now," Kashkari said during a CNBC "Squawk Box" interview.
Ford is rethinking its electric vehicle strategies, including "reassessing" the need for vertical integration of batteries, CEO Jim Farley said Tuesday.
Although President Joe Biden is not expected to face criminal charges, his likely Republican election opponent Donald Trump faces four pending criminal cases.
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