NetworkNewsBreaks – Eastman Kodak Co. (NASDAQ: KODK) Stock Heads Skyward after Company Receives First-of-Its-Kind Government Loan
Eastman Kodak Co.’s (NASDAQ: KODK) stock tripled following the announcement that the once-bankrupt company had received a $765 million loan from the Trump administration to fund a pharmaceutical ingredients company. A MarketWatch article written by Jaimy Lee noted that “Kodak, which is based in Rochester, N.Y., and has a long history of manufacturing chemicals used in photographic film, now plans to support ‘America’s self-sufficiency in producing the key pharmaceutical ingredients we need to keep our citizens safe,’ Kodak’s executive chairman, Jim Continenza, said in a statement.” The article, titled “Kodak’s stock triples as company announces pandemic plan to start making…







