fix: Reduce timeouts for batched update

[ChinoUkaegbu]

Fixes

Fixes #4814 by @AetherUnbound

Description

This PR reduces UPDATE_TIMEOUT to 30 days and sets DAGRUN_TIMEOUT to the sum of UPDATE_TIMEOUT and SELECT_TIMEOUT

Checklist

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  for the catalog or ov just api/generate-docs for the API) where applicable.

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[AetherUnbound]

Looks great, thanks for the contribution @ChinoUkaegbu!