This site requires JavaScript to be enabled. Please enable JavaScript in your browser settings, or upgrade to a modern browser.

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

Loading player...

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

Other recent episodes

BN Edge | Prince Mashele on Mashaba, Zille and the deal that could decide Joburg

With five days to go before the local government elections, Prince Mashele told Alec Hogg what a good night and a catastrophe would look like for the ANC, and why he expected neither. He was blunt about Herman Mashaba, whose biography he wrote, and set out the offer he believed…

30 Oct 10AM 34 min

BizNews Ricardo Portfolio: Alec Hogg on Big Tech's AI spending race and the JSE's cash handback

Alphabet and Amazon both reported faster growth this week, and Wall Street still wiped roughly half a trillion dollars off Google's parent in a single session, its worst day since listing in 2004. In this Ricardo portfolio update, Alec Hogg explained what had really spooked investors: a cash machine that…

30 Oct 10AM 17 min

BN Edge | SA is living through a regime change: Dr Frans Cronje explains

South Africans had lost faith in the old order, Frans Cronje told Alec Hogg, but had not yet found a new one to trust, and Wednesday's vote would not close that gap. The SRF chairman set out the one deal he believed could hold the country together, why he thought…

30 Oct 8AM 36 min

BN Daybreak: Van Onselen on Joburg; Moeng on Chauke; JSE's 10% risk; Alphabet plunges

Victory Research CEO Gareth van Onselen tells Alec Hogg that no poll gives the DA a majority in Johannesburg, but it should be the largest party - and the closer it gets to 40%, the harder it is to justify shutting it out of coalition talks. Solly Moeng says everything…

29 Oct 11PM 15 min

Solly Moeng on Ramaphosa, his shadowy advisers and a fading legacy

In their weekly chat Chris Steyn and political commentator Solly Moeng dissect President Cyril Ramaphosa’s tough week on several fronts: The Madlanga Commission of Inquiry is seeking answers from his very influential former adviser, Dr Bejani Chauke, particularly in relation to WhatsApp chats with a notorious late taxi boss; his…

29 Oct 10AM 21 min

All episodes