1. Rite Aid files for bankruptcy
Rite Aid said Sunday it had filed for bankruptcy after failing to come up with the money to settle hundreds of federal, state and private lawsuits accusing the pharmacy chain of filling illegal painkiller prescriptions. Rite Aid, hobbled by declining sales, said it had obtained $3.45 billion in financing to keep operating as it restructures its debt. The company appointed a new chief executive, Jeffrey Stein, to lead the restructuring, which will include the closing of more of the chain's 2,100 stores. Rite Aid is one of several pharmacy chains facing lawsuits over their alleged roles in fueling the opioid crisis. The Justice Department in March accused the company of filling painkiller prescriptions despite obvious "red flags indicating misuse." The Wall Street Journal, The New York Times
2. Taylor Swift's concert movie breaks records
3. Dow, S&P edge higher ahead of wave of earnings
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