Shares of General Motors (GM) - Get Report are rising Tuesday on reports that CEO Mary Barra has joined negotiations with the United Auto Workers directly as the company looks to put an end to a worker strike that is now in its 30th day.
The UAW has a meeting scheduled for Thursday where they are expected to have a progress report on negotiations.
The strike has cost GM, the country's largest automaker, approximately $2 billion, according to a Bank of America note.
Meanwhile, WeWork is reportedly laying off up to 2,000, or 13%, of its employees as the company looks to cut costs in the wake of its failure to launch an initial public offering.
The company reportedly needs a cash infusion in order for it to operate next year.
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