The wild ride of Eastman Kodak Co. produced what could be the largest contribution on record for a religious nonprofit, the product of a well-timed gift from Kodak board member George Karfunkel. In a securities submission last week, Mr. Karfunkel and his wife, Renee Karfunkel, said they donated 3 million …
Read More »What’s up with Kodak Stock? Shares explode more than 40% after government loan is held on violations of wrongdoing
TOPLINE Shares of Eastman Kodak, which initially swore at an announcement that the government would provide a $ 765 million loan to help shift its efforts in the drug industry, thanked on Monday afternoon for news that the deal would are held as regulators look to accusations of wrongdoing. Kodak’s …
Read More »Kodak’s shares skyrocket. How high can stocks go?
Text size Kodak is making a foray into generic drug ingredients Daniel Acker / Bloomberg Eastman Kodak’s shares are enjoying a renaissance. Shares rose 160% on Wednesday morning, taking advantage of the incredible gain of more than 200% on Tuesday. New capital and new business are the reasons for the …
Read More »Kodak increased 200% to a maximum of 30 months after obtaining a government loan of $ 765 million to manufacture ingredients for medicines
Thomson Reuters Kodak’s shares rose 200% on Tuesday after the camera company obtained a $ 765 million government loan to manufacture drug ingredients in response to the pandemic. The group plans to launch a pharmaceutical division that will produce essential drug components currently in “chronic national shortage.” President Trump touted …
Read More »Trump promotes Kodak loan and EPP acquisition, defends hydroxychloroquine video
President Donald Trump speaks during a press conference at the White House on Tuesday. Associated Press President Donald Trump confirmed Tuesday that the administration was using the Defense Production Act to provide a $ 765 million loan to support Eastman Kodak’s efforts to produce the active ingredients necessary to manufacture …
Read More »