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U.S. stock futures are pointing higher Monday morning as market players remained focused on U.S.-China trade talks.

Huge cuts could hit WeWork’s staff

The beleaguered office space company is said to be planning to cut its work force by at least a third in a bid to stabilize its business, Peter Eavis and Mike Isaac of the NYT report.

The company is preparing to cut at least 4,000 jobs, with the layoffs expected to be announced as early as this week, Mr. Eavis and Mr. Isaac write, citing unnamed sources. (One source said the number could reach 5,000 to 6,000.)

•  “Under the plan, the company’s core business of subletting office space would lay off 2,000 to 2,500 employees, one of the people said.”

• “An additional 1,000 employees will leave as WeWork sells or closes down noncore businesses, like a private school in Manhattan that WeWork set up.”

• “Additionally, roughly 1,000 building maintenance employees will be transferred to an outside contractor.”

The reductions would be part of a five-year plan to overhaul WeWork, Mr. Eavis and Mr. Isaac report. That could be presented to employees as early as Tuesday,

Saudi Aramco pares back its valuation

Saudi Aramco yesterday offered more details on the enormous share offering it is planning for next month, writes Stanley Reed in the NYT.

• The share price would be 30 riyals to 32 riyals, or about $8 to $8.50 per share.

• •Three billion shares, about 1.5 percent of the company, would be sold.

• The offering sets the value of the company at $1.6 trillion to $1.7 trillion. At the top of the range, the company could raise $26 billion, which could make it the largest I.P.O. ever.

But the valuation would be short of the $2 trillion initially estimated by Crown Prince Mohammed bin Salman.

And at the lower end of the price range, the I.P.O. would come in just below the record $25 billion raised by Alibaba Group in 2014, Bloomberg reports.

Some analysts have expressed concerns. The price range is still “above what we consider a fair price for the company and above what many institutional investors consider a reasonable price,” said Neil Beveridge, a Bernstein analyst. The Saudi central bank has relaxed lending limits to strengthen demand among local investors.

The F.A.A. wants to get hands-on with aircraft development

Federal regulators are exploring 

an overhaul of how planes are certified

 in the wake of crashes involving Boeing 737 Max jets, the head of the Federal Aviation Administration told Benjamin Katz and Andy Pasztor of the WSJ.

The F.A.A. and plane makers should have more dialogue

 over the course of the development of a new jet, said Stephen Dickson, the F.A.A. administrator. This would raise the possibility of the agency’s being involved in the design of a new plane from the outset.

And human factors should be more of a priority

 in the process of designing jets, he said.

“The proposals for any overhaul are still general 

and could change once Congress weighs in, as the F.A.A. responds to criticism of the way it approves new aircraft and what some lawmakers see as its too-close relationship with the industry,” Mr. Katz and Mr. Pasztor write.

Stocks to Watch

 HP's (HPQ) board of directors rejected a proposal from Xerox (XRX) to acquire the company, because the offer is not in the best interest of shareholders and would undervalue HP.Ford Motor (F) is touting its all-electric Mustang Mach-E as a performance SUV that will redefine the automaker's lineup and expand the iconic pony car name to a new generation of car buyers.