Adam Boehler, chief executive officer of U.S. International Development Finance Corporation , speaks at the White House in April.Stefani Reynolds/Bloomberg via Getty Images
. The DFC is working with the Defense Department to help find ways to rebuild the national stockpile of medical supplies depleted by the coronavirus pandemic, using manufacturing plants in the U.S. to reduce reliance on foreign factories. Boehler described Kodak as a"storied brand" with expertise in making chemicals for film that it can apply to making chemicals for pharmaceutical drugs. The company plans to retool plants in Rochester, N.Y., and St. Paul, Minn., for its new division. The loan, which will be secured by the company's assets and will include performance contracts, is still going through due diligence before it is finalized, the DFC said in a release.
It will go away like all the big Trump fakedeals. Kodak
(the new) “Kodak Moment” “You take the pill, we do the rest” Who needs photos or memories when you’ve got Benzos and Opiates?
“Mama don’t take my Kodachrome away” is gonna be the next “They tried to make me go to rehab, but I said, ‘no, no, no’”
We hear “the president” realDonaldTrump is adamant he wants Kodak KodakPharmaceuticals to find a way to inject light into Americans to prevent/treat COVID. He also wanted bleach but said those photo chemicals will do just fine! Also Putin/GOP called 45 to applaud the decision.
Wouldn’t a company like Eli Lily be a better option here without having to give 765M in tax payer dollars?
the executive branch doesn't hold the power of the purse, but Congress will roll over and watch this happen. Hell I'm sure a few of them bought stock in the company as soon as they heard this was about to happen
Why would he do that?
“Launch”? You mean they haven’t done this before? This is shady!
And republicans crying about giving the people $600 damn dollars!?
Why is he baling out Kodak?
Like Obama and solar power
Need to do everything possible to make medical supplies in the USA. Never rely on China again
How much stock do the Trump’s own?
Sounds like something China would do.
Wrong.
And Kodak bribed realDonaldTrump with a kickback to his non-profit of how much?
Happy to have prescription drugs being made in US again! Time to bring all manufacturing back to the US!
Doesn’t seem fishy at all 🤷🏻
WHY is Trump NOW using the Defense Production Act to 'give this loan' to Kodak...when Trump REFUSED to fully utilize the Act to fight COVID_19 by manufacturing BASIC, DESPERATELY NEEDED SUPPLIES? THIS financial deal SMELLS of Trump Corruption and PERSONAL profiteering!!
Can these chemicals also make Jello pudding pops?
And what’s wrong with that?
Corporate welfare
PeterNavarro45 If reviving defunct 20th Century companies was the goal, at least suggest that Xerox make masks & toilet paper. COVID FailureInChief cc: Kodak
Please follow the money. Someone is now really rich and the tax payers will end up with an empty bag.
Kodak has a history of dealing with chemicals (Eastman Chemicals) and drugs (Sterling Drugs).
While millions of Americans are struggling, dying of Covid, and being murdered by police. If this is great again, you can stick it up your ass
This week Trump visited the Fujifilm plant in NC that manufactures ingredients for pharmaceuticals. This loan is a bet that Kodak can successfully pivot to the Pharmaceutical market, like its competitor did. Smart move.
America. Stock jumped 200% today. $7 future markets are open. Step right up . Bet on USA Nasdaq dowjones kodak Kodak
Makes alot of sense..765 million to an out of business Polaroid company...lol...my god.
By the way Kodak made the best chemistry analyzer Ektachem. They were slides but repurposed for chemistry in hospitals. They can make point of care tests. DPA now
We need forests schools health silence love peace. No more toxics.
Socialism!!
But he can't give 20 million unemployed workers a living wage?!
I believe they might have invented the digital camera and kept that idea locked away. The recent film interest has revived them somewhat.
I am sure that all the people about to get evicted are thrilled about Eastman Kidak getting $765 million loan.
Not a fan of Trump by any means but I’m glad we’re finally starting to bring pharma manufacturing back to the states
That sounds like a waste of money. It also sounds like they donated a lot of money to the Trump campaign.
Socialism for the rich; harsh capitalism for everybody else.
& we all get $400 bucks cut from our unemployment
Can someone please show me where Kodak has ever worked with pharmaceutical manufacturing? This stinks like the story of Mary Trump when Donald 'hired her' to write his sequel book only it was a ruse.
Whatever happened to kodak coin?
Just what we need: a pill with a matte or glossy finish.
May Jesus give to Eastman Kodak everything that they Righteously Deservee for poisoning the Public Citizens. I am glad I use Peak, Pure & Natural Products, Vitamins, Minerals, and Oils for my Good Healthy. Wow! I hope they get what they are sewing into the world.
They should use that money to make decent rechargeable batteries for their cameras.
So you guys are all aware this is what Germany , Japan, China do as well, right? Supporting our companies is important, especially if we're not going to protect them in trade policies...
Again. Pay the people who lost their jobs( thru not fault ) & your messed up dealings with the trumpvirus. Shame on you😳
A loan is better then a handout. This is a great step in jumpstarting our ability to produce our own pharmaceuticals. I hope they succeed and pay back the loan.
Sure would be a surprise if there were any insider trading/kickbacks involved in this one
Good. Hopefully a lot of that comes to Rochester, which has been decaying ever since Kodak-Eastman started falling off. Before really, but that accelerated it and removed the floor.
Thus country is such a fucking joke. It took a pandemic to realize the vast majority of our pharmaceuticals was imported.
So where are the conservatives that believed that government isn’t supposed to pick winners and losers on ...... well a shit tone of issues, but this one
Socialism for losses for the 1%. Enjoy your $1200.
Hey cut them a break. They made an excellent film developer - D-76. Short leap to anti-covid pharmaceuticals.
Wow but they think nothing of screwing the unemployed workers out of their pandemic benefits...
What? A photography company is going to mix ingredients used in pharmaceuticals. That sounds good.
do you know how many small business lines of credit that could be?
“Pharmaceuticals”
Now do Solyndra
Let's see the leftists at complain about re-shoring pharmaceutical production from China back to the US. It'll be fun!
So a photography company is going to start making chemicals used in drugs? Is this what I'm reading and comprehending?
Like what of ingredients? HouseDemocrats must investigate.
Perfect timing! Take some pictures of the recent displacement and oncoming homelessness. I am out of words, goodbye.
'...for which we currently depend on China.' There, I fixed it for you.
Kodak doesn’t have Kodak money for this shit ?
I would also like several hundred million dollars to do something I have no experience or expertise in doing.
Oh great, so we get to consume old film rolls and silver flakes?
Let me guess: huge Trump donors.
Solyndra received a $535 million U.S. Department of Energy loan guarantee.... Just for comparison sakes
Huh?
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