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The Trump administration has been looking to bolster the ability to produce drugs and their raw materials in the . Yahoo. "This is the beginning of American independence from our pharmaceutical dependence on foreign countries," White House trade adviser Peter Navarro said in an interview with Fox Business network.The U.S. International Development Finance Corp said on Tuesday it would sign a letter of interest to provide the loan to Kodak, a company known more for its cameras and imaging business. Join our webinar with Jared Blikre and special guest Kathy Donnelly on Wednesday, 8/5 at 2 p.m. ETSubscribe to Premium to view Fair Value for KODKBearish short sellers—in Wall Street parlance—got their faces ripped off by Eastman Kodak stock over the past two days.The question for investors now is how high can shares go? Mail; Finance Home. "By the time this thing ramps up, 25% of the (active pharmaceutical ingredients) for generics we need in the United States is going to be right at that facility," Navarro said in the interview.The company's shares were trading at $8.80 after closing at $2.62 in the previous session. The Eastman Kodak Company, known for making film and other photography-related products, will receive a $765 million loan from the federal government in order to start producing pharmaceutical ingredients.A new division, Kodak Pharmaceuticals, will focus on producing two types of chemicals used to manufacture Search. Mail; Finance Home. Kodak (ticker: KODK), has been and is in the imaging business.Kodak's stock skyrocketed by over 500% in intraday trading, taking Wall Street by surprise after mostly flatlining in recent years. The U.S. International Development Finance Corp said on Tuesday it would sign a letter of interest to provide the loan to Kodak, a company known more for its cameras and imaging business. The loan will allow it to launch Kodak Pharmaceuticals, a new arm of the company that will produce critical pharmaceutical components. View daily, weekly or monthly formats back to when Eastman Kodak Company stock was issued. Yahoo.
Eastman Kodak Company provides hardware, software, consumables, and services to customers in the graphic arts, commercial print, publishing, electronic displays, entertainment and commercial films, and consumer products markets worldwide. Watchlists; My Portfolios; Markets. (Reuters) - Eastman Kodak Co <KODK.N> will get a $765 million loan from the U.S. government to produce pharmaceutical ingredients in the country, helping reduce dependency on other countries by strengthening domestic supply chains.