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Wall Street Breakfast

Rite Aid dips on bankruptcy report

Tue, 11 Jul 2023

Description

Rite Aid (RAD) dips amid report it's considering bankruptcy to address opioid liabilities (00:28). Berkshire Hathaway (BRK.A) (BRK.B) to buy Dominion's (D) 50% stake in Cove Point LNG in $3.3B deal (01:54). Iovance Biotherapeutics (IOVA) dips on pricing $150M offering.(02:49)Transcripts available on Seeking AlphaShow links:Rite Aid May Be Forced Into Ch.11 Bankruptcy To Resolve Opioid LiabilitiesApple launches online store on Chinese social media platform WeChat - reportMeta's Threads may bring 5% revenue upside as it grows to Twitter size: EvercoreBP reaches $10.75M settlement in U.S. gas market manipulation casePayoneer Global plans to lay off 9% of headcountFortinet, Check Point, CrowdStrike have 'favorable setups' going into Q2: MSDraftKings jumps to new 52-week high with investors confident on the profitability timelineCatalyst Watch: CPI, major bank earnings, Amazon Prime Day and CAVA ratings

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