Cheddar News breaks down some of the top business stories to look out for, including WeWork's bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.

<div class="block">Cheddar News breaks down some of the top business stories to look out for, including WeWork&#39;s bankruptcy filing and fast-fashion retailer Shein reportedly expecting a $90 million valuation upon its market debut. Plus, a new EV truck will have a backup gas generator.</div>

Stretching Your Dollar

Biz Breakdown: WeWork Bankruptcy, Shein Valuation Reports and EV Backup Gas Generator

I'm now to check in on the trending stores in the business world. I want to bring in Cheddars Kristen Ser from the floor of the new stock exchange. Kristen, a once popular co working company is now on its last leg. My goodness, what have you learned? That's right. So we work has officially filed for bankruptcy. The co working company once famous for perks like free beer and wine for users F for chapter 11 protection comes after the company made headlines for years for its flashy leadership, but less than impressive financial results back in 2019, we work was valued at $47 billion. It launched an IP O that quickly floundered and stock plunged by 98% leaving it with evaluation of $45 million. On the flip side, Kristen, one company is anticipating a really rich value in its US IPO, what can you tell us? You're right. So the fast fashion retailer Sheen is expecting a valuation of as much as $90 billion as it lays the foundation for a US stock market debut. While Bloomberg, citing people familiar with the matter reported, the news and the company's valuation recently fell to 50 billion in the private market. So this would be a big bump up timing of the IPO is still uncertain given market conditions according to the sources, as she is known for its cheap sticker prices for us consumers. But the company does face challenges like allegations of copyright theft and potential use of forced labor. One EV maker is providing a gas powered backup option for customers. What have you learned? You're right to so still and plans to make an industry first pickup truck that will have capabilities and a gas engine. The Ram 1515 100 ram charge will be able to operate as a zero emissions ev until its battery dies and an engine kicks in to power the car. Well, the Ram 1500 Ram charger is expected to debut in late 2024 with a range of up to 690 miles prices haven't yet been announced, but this new car will have an option for drivers worried about charging limitations and driving range. Kristen Ser live at the New York Stock Exchange. Thank you so much.