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News by FinTech Collective Archive

Kodak's stock rose so fast it tripped 20 circuit breakers in a single day

Sarah Wolter

July 30, 2020

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Sarah Wolter

The enormous rally in Kodak shares has no end in sight, after the Trump administration announced the company will be transformed into a pharmaceutical producer under the Defense Production Act.

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On Tuesday, President Donald Trump announced the company would receive a $765 million loan to launch Kodak Pharmaceuticals, which will produce generic active pharmaceutical ingredients to reduce America's dependency on foreign drug makers.

https://www.cnn.com/2020/07/29/investing/kodak-stock-rally-defense-protection-act/index.html

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More posts by Sarah Wolter

Klarna to launch credit card offering in the US “over the next few months”

Klarna to launch credit card offering in the US “over the next few months”

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Coincover unveils ‘protected co-signing’ for crypto transactions to prevent fraud and hacks

Coincover unveils ‘protected co-signing’ for crypto transactions to prevent fraud and hacks

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India scrambles to curb PhonePe and Google’s dominance in mobile payments

India scrambles to curb PhonePe and Google’s dominance in mobile payments

Sarah Wolter

Public acquires Stocktwits trading accounts

Public acquires Stocktwits trading accounts

Sarah Wolter

Centrifuge raises $15m in Series A funding for institutional DeFi adoption

Centrifuge raises $15m in Series A funding for institutional DeFi adoption

Sarah Wolter

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