Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, November 28th. I'm Julie Morgan. A US court rejects a class action lawsuit against several

companies over forever chemicals. Sheehan has filed for an IPO and Saudi Arabia wants other OPEC plus members to cut oil production quotas.

A circuit court of appeals on Monday vacated a lower court's ruling that would have allowed

nearly 12 million Ohio residents to sue companies,

including 3M, DuPont, and others in a class action lawsuit.

The lawsuit had to do with the manufacturing of toxic forever chemicals.

The court ruled that the lead plaintiff had filed too broad a complaint against the

manufacturers and had not shown the P-FAS substances found in his body could be traced directly to those companies.

The judge noted that there are thousands of companies that have manufactured P-FAS chemicals,

but only 10 were listed as defendants.

The appeals court instructed the lower court to dismiss the lawsuit, which had aimed to force

the companies to pay for studies analyzing the health impacts of the chemicals.

This lawsuit is among thousands that have been filed against 3M, DuPont, and other companies

in recent years over alleged P-FAS contamination.

Chinese Fast Fashion Giant Sheehan has confidentially filed for an initial public

offering in the U.S.

Goldman Sachs, J.P. Morgan Chase, and Morgan Stanley have been hired as lead underwriters for the IPO,

which could happen next year, according to a Wall Street Journal report on Monday which cited people

familiar with the matter. The latest report comes after Bloomberg earlier this

month reported that Sheehan is looking to garner as much as a 90 billion dollar valuation when it eventually has its

IPO. The fashion company has told prospective investors that it's targeting a valuation of

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