TNB Tech Minute: GM Navigates Smaller EV Market
Summary
GM faces a shrinking EV market, cutting less profitable models and incurring $10.9 billion in restructuring costs, though strong pickup demand boosted its earnings outlook. Trade tech provider Altana is acquiring Servo AI for over $100 million to automate customs entries amid complex trade policies. Meanwhile, Coinbase shares surged after the Clarity Act cleared a key Senate hurdle, with Bitcoin trading above $66,000.
Topics discussed
Intro and TNB Tech Minute welcome
GM faces smaller EV market and boosts earnings outlook
Altana acquires Servo AI for customs automation
Crypto bill progress lifts Coinbase and Bitcoin shares
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