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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKodak Stock Triples as Trump Announces $765MM "Loan" to Produce Pharmaceuticals?
Is nobody on DU talking about this shady bullshit???
https://www.marketwatch.com/story/kodaks-stock-triples-as-company-announces-pandemic-plan-to-start-making-pharmaceutical-ingredients-2020-07-28
Link to tweet
Hoyt
(54,770 posts)Second, Kodak has been a specialty chemicals, including pharmaceuticals, for decades.
The idea of government investing and developing companies that will help mankind is limitless. Think what a Democratic Admin can do with that.
Alex4Martinez
(2,193 posts)Hoyt
(54,770 posts)our loan will be repaid.
If there was insider trading, it'll be easy to spot and prosecute.
NoMoreRepugs
(9,371 posts)global1
(25,224 posts)make money off the rising stock price? You just know that he's made money off of this deal.
Alex4Martinez
(2,193 posts)Trump, you know it stinks.
Nathaniel ODell #BlackLivesMatter
@ODell_Nathaniel
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1h
Im from Rochester NY, (home of Kodak) and just want you to know that shares of Eastman Kodak were traded 30X normal volume the day BEFORE this announcement.
As of last week the stock was worth $2 a share and is now trading at $43.45.
Which gov. Official loaded up and made $$$?
Zorro
(15,724 posts)Mitch? Rand? Mitt? Lindsey?
Freethinker65
(10,001 posts)Sterling Winthrop was a pharmaceutical co. in the late 80s. This is not entirely new for them.
Tanuki
(14,914 posts)"Japan is racing to test a homegrown drug against the novel coronavirus despite doubts about its efficacy and its potential for causing birth defects.
The tests of the Fujifilm Holdings Corp. drug, called Avigan, reflect the need for medicines that might attack a virus for which no proven treatments are known, doctors say. It could eventually play a role in combination therapy, they say. Still, some experts pointed to ethical challenges.
They should be really careful, said Leen Delang, a virologist at the Belgian university KU Leuven who has studied Avigan. Women between, lets say, 18 and 40theyre not really a risk group for the coronavirus so I would not take them along in the trial.
....
Japanese Prime Minister Shinzo Abe, a golfing partner of Fujifilms chief executive and recipient of some $28,000 in Fujifilm political donations in 2017 and 2018, touted Avigan by name at a nationally televised news conference Feb. 29. Mr. Abe didnt name two drugs from American companies that Japan is also testing against the virus Gilead Sciences Inc.s remdesivir and AbbVie Inc.s Kaletra."...(more)