The Morning Wrap

Aurora Shooting: James Holmes was seeing a psychiatrist before he allegedly entered an Aurora, Colo., theater on July 20 and shot 70 people, killing 12 of them, The Denver Post reports. It isn't immediately clear why the psychiatrist was treating him or for how long.

Social Media: Apple Inc. is considering an investment in Twitter Inc., The New York Times reports. "Apple doesn't have to own a social network," Timothy Cook, Apple's chief executive, said at a recent technology conference. "But does Apple need to be social? Yes."

Social Olympics: Corporate Counsel explores the limits the International Olympic Committee has placed on athletes' use of social media. "This is the first Games where we're really seeing such active use of social media to promote the Games, which is going to be a challenge for us," said Amy Savela, the U.S. Olympic Committee's associate general counsel for marketing.

'Adequately Covered': Penn State's president said in a taped interview for CBS's Face the Nation on Sunday that the university is "adequately covered" to settle lawsuits emerging from the child sex abuse scandal, according to The Associated Press. "We hope to be able to settle as many of these cases as quickly as possible" so as not to "drag victims through another round of court cases and litigation," said Rodney Erickson, the university's president.

Pleading: The wife of the man accused of killing Trayvon Martin pleaded not guilty of perjury on Friday, the Orlando Sentinel reports. Shellie Zimmerman is accused of lying to a judge that she and her husband, George Zimmerman, were broke.