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Check out the companies making headlines in midday trading.

General Motors — GM shares added 1.3% after the company said it would increase spending on electric and autonomous vehicles to $35 billion through 2025. The new figure is 30% higher than plans announced late last year. "Across the board, we are seeing exceptionally strong reactions and positive response to all of our electric vehicles," CEO Mary Barra told CNBC's "Squawk on the Street."

H&R Block — Shares of H&R Block sunk about 9% after the tax preparation company missed Wall Street's fourth-quarter revenue expectations. On Tuesday, the company reported revenue of $2.33 billion, lower than analysts' $2.35 billion estimate. However, H&R Block reported adjusted earnings of $5.16 per share, slightly higher than analysts' $5.13 per share projection.

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