Kodak shares plunge after $765 million deal blocked

Kodak shares plunge after $765 million deal blocked

By Excelsio Media on August 10, 2020 Also in economy, kodak

Shares of Eastman Kodak Company fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of "alleged wrongdoing" by executives.

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