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Why WeWork Stock Is Soaring Higher

WeWork Inc (NYSE: WE) shares are trading higher by 9.07% to $0.95 during Thursday's session following a report suggesting the company is near a deal for a capital injection and debt conversion.

byHenry Khederian

March 16, 2023

1 minute read

WeWork Inc (NYSE:WE) shares are trading higher by 9.07% to $0.95 during Thursday’s session following a report suggesting the company is near a deal for a capital injection and debt conversion.

WeWork is nearing a financial restructuring where SoftBank will convert about $1 billion of debt into equity, Bloomberg reported Thursday.

Bloomberg also says that WeWork is also close to securing funding and capital commitments of more than $1 billion, which represents most of the company’s debt.

See Also: Why Esperion Therapeutics Stock Is Tanking Thursday

According to data from Benzinga Pro, WeWork has a 52-week high of $8.08 and a 52-week low of $0.82.

Federal Circuit Overturns GM’s Patent Win Against Auto-Parts Provider LKQ

By Shivani Kumaresan

May 22, 10:17 AM

General Motors Co. (NYSE: GM) faced a significant setback as the U.S. Court of Appeals for the Federal Circuit overturned a prior ruling in its favor against LKQ Corp. (NASDAQ: LKQ) over fender design patents. This decision marks a major shift in design-patent law, discarding a long-standing test for determining patent validity and remanding the case to the U.S. Patent Office for further review.

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