Shares of General Motors (GM) 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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