Biden to address U.S. auto negotiations on Friday -White House

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The White House did not specify a time for his remarks, which comes as the UAW overnight launched a strike at three factories owned by General Motors (NYSE:GM), Ford (NYSE:F) and Chrysler owner Stellantis (NYSE:STLA).

Biden spoke to union and automaker leaders on Thursday. On Wednesday, a White House economic adviser said the president wanted both sides to work around the clock to avoid a strike, which is the most ambitious U.S. industrial labor action in decades.