Kodak stock triples on $765 million government loan — for drug production

  • By cvbizz
  • July 28, 2020
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via wyff.com

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Kodak stock soared Tuesday morning after it won a a $765 million U.S. government loan to help produce pharmaceutical ingredients — part of an effort to reduce dependence on foreign drug makers.Shares of Kodak, the onetime photography leader that now produces advanced material and chemicals, jumped 300% after the news of the loan was reported by The Wall Street Journal. The stock was up 230%

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