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Kodak stock plunges over 40% after Trump administration puts loan deal on hold

Kodak stock plunges over 40% after Trump administration puts loan deal on hold

Shares of Eastman Kodak, which initially surged on an announcement that the government would provide a $765 million loan to help shift its efforts into the drug industry, tanked 42.8 percent to $8.50 on Monday after administration slammed the brakes on the loan as regulators look into allegations of wrongdoing. ’We will not proceed any further unless these allegations are cleared,’ the US DFC said

Timothy
Timothy
Dr. Ötker
Dr. Ötker 1 months

I still buy Kodak Film. I recommend Portra 400 for the ones who want the best. Could also buy the usual Kodak Gold if you want the nostalgic colors that you saw in your childhood.

Max Bants
Max Bants 1 months

Wait. Kodak is still around? Who on earth is buying that stuff?

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