In A. Vilenkin and E. P. S. Shellard's "Cosmic strings and other topological defects", section 1.1.2, they say the following.
"The basic premise of grand unification is that the known symmetries of the elementary particles resulted from a larger symmetry group G after a series of spontaneous symmetry breakings,
$G \to H \to SU(3) \times SU(2) \times U(1) \to SU(3) \times U(1)_{em}$"
Could someone explain please what occurs during the final transition, that is $SU(3) \times SU(2) \times U(1) \to SU(3) \times U(1)_{em}$. Specifically, what happens to $SU(2)$ and the weak interactions? Is this electroweak symmetry breaking?