Kodak Stock Triples as Trump Announces $765MM "Loan" to Produce Pharmaceuticals?

[Alex4Martinez]

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]

1. First, I think the government getting involved in such businesses is exciting.

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]

7. How do you feel about insider trading?

Link to tweet

[Hoyt]

9. Nathaniel O'Dell? Who the heck is he? Besides, an increase in the stock helps ensure

our loan will be repaid.

If there was insider trading, it'll be easy to spot and prosecute.

[NoMoreRepugs]

2. RUMP's involvement means something is amiss.

[global1]

3. So How Many Of His Family & Friends Were Tipped Off About This So They Could.....

make money off the rising stock price? You just know that he's made money off of this deal.

[Alex4Martinez]

8. Exactly, stock activity was soaring the day before this news went public.

Trump, you know it stinks.


Nathaniel O’Dell #BlackLivesMatter
@ODell_Nathaniel
·
1h
I’m 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]

4. Solyndra anyone?

Mitch? Rand? Mitt? Lindsey?

[Freethinker65]

5. Kodak owned Sterling Winthrop

Sterling Winthrop was a pharmaceutical co. in the late 80s. This is not entirely new for them.

[Tanuki]

6. Reminds me of what has been going on in Japan with Fujifilm and covid

https://www.wsj.com/amp/articles/japan-tests-coronavirus-drug-despite-danger-of-birth-defects-11583492886

"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, let’s say, 18 and 40—they’re 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 Fujifilm’s 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 didn’t 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)

[Alex4Martinez]

10. Finally, some scrutiny.

https://www.nbcnews.com/politics/donald-trump/trump-s-perfect-storm-kodak-deal-getting-new-scrutiny-n1235817