XM does not provide services to residents of the United States of America.

United Auto Workers union endorses Harris' bid for US president



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>UPDATE 2-United Auto Workers union endorses Harris' bid for US president</title></head><body>

Adds details, poll data in paragraphs 5-8, Trump remarks in paragraphs 16-17

By Nora Eckert and David Shepardson

DETROIT/WASHINGTON, July 31 (Reuters) -The United Auto Workers union endorsed Vice President Kamala Harris for U.S. president on Wednesday, providing a likely boost forHarris in the swing state of Michigan as her recently launched campaign ramps up.

UAW President Shawn Fain, who spoke by phone last week with Harris, praised the vice president's record "of delivering for the working class" and said she "will stand shoulder to shoulder with us in our war on corporate greed."

The 370,000-member UAW said its executive board voted to endorse her after endorsing President Joe Biden's reelection bid in January. Biden withdrew from the race on July 21.

Many UAW members live and work in Michigan, where the union is based. Both Biden and former Republican President Donald Trump have made campaign appearances there.

Fain in spotlighting Harris's record fighting corporate price-gouging, profiteering and unfair trade deals in a statement, also pointed out that she walked the picket line with striking auto workers in 2019.

Harris is expected to rally with UAW members in Detroit on Aug. 7, Fain said in the statement.

Trump campaign officials could not be reached for comment on the endorsement of Harris.

A Reuters/Ipsos pollcompleted on Sunday showed that Harris held a marginal one-percentage-point lead over Trump, closing the gap that widened before Biden dropped out of the race.

Prior to Biden ending his reelection bid, Reuters reported that the UAW's executive board met to discuss concerns about his ability to beat Trump.

Fain has criticized Trump for months, telling a conference in Baltimore, Maryland, earlier this month that "it's clear that Donald Trump in the White House would be a complete disaster for the working class."

Trump returned barbs at Fain at this month's Republican National Convention, calling for the union chief to be "fired immediately." Trump said the auto union failed to prevent Chinese automakers from building large auto factories in Mexico to ship products to the U.S.

While the UAW has traditionally endorsed Democratic candidates, it forged an even deeper relationship with Biden when he became the first sitting president to walk a picket line in Detroit last September during a six-week strike against Ford Motor F.N, General Motors GM.N and Jeep maker Stellantis STLAM.MI.

The UAW won record deals after the walkout, including a 25% wage increase over the life of the contract and the return of cost-of-living adjustments.

Other prominent unions have switched their endorsements from Biden to Harris, but some have been slower to do so. The Teamsters, which represents 1.3 million workers in several industries, including packing and shipping, has not made an endorsement.

Teamsters President Sean O'Brien spoke at the Republican National Convention but offered no endorsement of Trump. A Teamsters spokesperson said this week the union has invited Harris to meet with the union but received no response.

Separately on Wednesday, Trumpspoke about his views on electric vehicle policy at the National Association of Black Journalists conference in Chicago.

"Elon Musk endorsed me and he is a friend of mine, ... but I am against everybody having an electric car," Trump said of the boss of the $780 billion battery-powered-car maker Tesla TSLA.O.



Reporting by David Shepardson in Washington and Nora Eckert in Detroit
Additional reporting by Nandita Bose in Washington
Editing by Chris Reese, Matthew Lewis and Marguerita Choy

</body></html>

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.