 Meanwhile, initial jobless claims remain low, last week totaling 222,000. These are signs of that soft landing economists have been looking for. The Biden administration announced $1.7 billion in grants to convert old auto plants into electric vehicle production. States benefiting include Michigan, Ohio, and Georgia. I'm Novosafo with the Marketplace Minute. Marketplace Minute is supported by KeyBank. Learn more at key.com slash techtrends.