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

Good morning. Today is Tuesday, July 11th, 7-Eleven day and Prime Day. I'm your host Julie Morgan.

Rite Aid is reportedly considering bankruptcy protection.

Berkshire Hathaway is increasing its stake in Cove Point LNG,

and Iovance Biotherapeutics takes a dip.

Here's what's making headlines today.

Rite Aid ticked lower by 3% in regular trading on Monday and 2.5% post-market Monday amid a report that the

drugstore chain is considering a Chapter 11 filing to address liabilities

related to its opioid exposure.

According to a reorg report and a tweet from the reporter on the story which cited

unidentified sources, a bankruptcy filing has not been decided and is not imminent.

Before that tweet was sent Monday at 4.10 PM,

Waco researcher on Seeking Alpha

published an article before 9 AM, entitled Right Aid,

may be forced into Chapter 11 bankruptcy to resolve

opioid liabilities. Right A did not immediately respond to reorg and seeking

Alpha requests for comment. The report comes after Bloomberg said last month that a group of secured bondholders

was working with advisors ahead of possible talks with a drugstore chain to rework its debt.

Some investors are evaluating plans to provide cash to write aid as part of a so-called

Liability Management Deal.

The deal would aid the company in paying what it owes as it deals with 2.9 billion dollars in debt, some of which is due in 2025 and 2026.

Rite Aid CFO said late last month on the company's Q1 earnings calls that the company has an open dialogue with its lenders and is continuing to evaluate several options for addressing its 2025 debt maturities.

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