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Inside story of Kodak's surge on $765m White House loan to pivot into drugs

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Mostly forgotten photography icon Eastman Kodak jumped into the headlines this month after the Trump White House picked it out for special treatment in a plan to move production of chemicals that go into cornavirus drugs back to the US. The now tiny US company was incentivised through a $765m government loan - news of which sent its share price from $2 to over $60 before easing back to close the session at $33 and ease back further to its current $10, still five times the pre-loan announcement. Here's the inside story from our partners at the Wall Street Journal. Learn more about your ad choices. Visit megaphone.fm/adchoices

11 Aug 2020 10AM English South Africa Investing · Business News

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