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Steelrolled

(2,022 posts) Tue Jul 28, 2020, 11:17 PM Jul 2020

Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients [View all]

Source: CNBC

Shares of Kodak soared more than 60% in extended trading. The stock more than tripled during Tuesday’s regular trading for its best day ever after the U.S. government awarded the company a $765 million loan to start producing drug ingredients under the Defense Production Act, the first of its kind.

Read more: https://www.cnbc.com/2020/07/28/kodak-soars-another-40percent-after-trump-announces-deal-to-manufacture-generic-drug-ingredients.html

I figured this was coming as a longer term effort to pull critical medical manufacturing back to the US.

But I think it would have been better done through regulation (e.g. make it very expensive to do production overseas) and allow the market to pull back the manufacturing.

24 replies

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Highlight:

Kodak soars another 60% after Trump announces deal to manufacture generic drug ingredients [View all] Steelrolled Jul 2020 OP

I suppose they'll just use all those old film processing chemicals they have laying around. dflprincess Jul 2020 #1

This message was self-deleted by its author Chin music Jul 2020 #2

They give us those nice bright colors... Steelrolled Jul 2020 #15

And I had one of the skinny Instamatic cameras dflprincess Jul 2020 #16

This message was self-deleted by its author Chin music Jul 2020 #17

Yeah so did I before my mom got me a Disc camera 47of74 Jul 2020 #24

Since injecting disinfectants works so well, injecting old film-developing chemicals ought to work progree Jul 2020 #6

Now if only we could figure a way to get those flash cubes to go off up our butts. Marie Marie Jul 2020 #8

I thought the same thing Steelrolled Jul 2020 #14

How many shares does Trump own? TreasonousBastard Jul 2020 #3

How many Republicans in Congress bought Kodak in the last few days? machI Jul 2020 #19

What drugs and who stands to profit? pecosbob Jul 2020 #4

They will be producing ingredients used in generic drugs. chowder66 Jul 2020 #7

Yeah...I read it and it was vague. I just hope the list from the FDA is bona fide pecosbob Jul 2020 #9

I looked it up chowder66 Jul 2020 #11

"Lapsed into chronic shortage." That would be hydroxychloroquine used in treating Lupus Thekaspervote Jul 2020 #10

That was my first thought as well. chowder66 Jul 2020 #12

It is interesting to see the government taking positions in industries that Hoyt Jul 2020 #5

+1 I think we are way past due to correcting Steelrolled Jul 2020 #13

a Kodak moment Demonaut Jul 2020 #18

I smell the odor of insider trading... Crazyleftie Jul 2020 #20

why? catsudon Jul 2020 #21

The trump crime family benefitted from this, big-time. Count on it. (nt) Paladin Jul 2020 #22

Their benefit is not to get charged under RICO law, and that is temporary. ancianita Jul 2020 #23