U-S-NEWS.COM - KNOWLEDGE is POWER / NEWS is KEY
New York: Thursday, October 29, 2020
© 2020 U-S-NEWS.COM
Online Readers: 57
If you are tired of liberals skewing the mainstream news, you've come to the right place

Trump announces an agreement with the Kodak company to turn it into a pharmaceutical industry

Eastman Kodak, which was once the leading photography sales company, has taken a turn to delve into the pharmaceutical industry. Under the Defense Production law, the Government of Donald Trump has granted Kodak a loan of $ 765 million to produce components of drugs classified as essential during the coronavirus pandemic. The company made the announcement last Tuesday, causing the shares to more than triple their value on the New York Stock Exchange, the best day in its history.

Aiming to help speed up national drug production and reduce the United States’ dependence on third countries like China and India, the president has announced the millionaire government loan. “We will regain jobs and make the United States the world’s leading medical manufacturer and supplier,” said the Republican at the White House. Kodak Chief Executive Jim Continenza said in a press release that they will leverage the company’s infrastructure and expertise in chemical manufacturing to play “a critical role in the return of a trusted American pharmaceutical supply chain.”

After a 90% collapse in the stock market due to the change to digital cameras, Kodak filed for bankruptcy in January 2012. In late 2013, the company formally said goodbye to its bankruptcy process with a reorganization that focused its services in high speed digital printing technologies and flexible packaging of consumer goods. With the investment of $ 765 million, Continenza said the company will expand existing facilities in Rochester, New York and St. Paul, under the new name of Kodak Pharmaceuticals, and create 360 jobs.

Trump said Kodak would not only produce ingredients for generic drugs, but also “the building blocks of many drugs, in a way that is cost competitive and environmentally safe.” The Kodak loan has similar terms to a commercial loan and must be repaid in 25 years, according to the company’s president.

The agreement is reached under the protection of the Defense Production law, invoked by the American president in mid-May. The rule allows, among other things, that the president can compel companies to accept and prioritize contracts necessary for national defense, as well as force the industry to expand the production and supply of basic resources and impose controls on wages and prices.

(Visited 13 times, 1 visits today)
Tags:
0 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

If you are tired of liberals skewing the mainstream news, you are not alone

We tell the truth as opposed to the pathetic fake-news lamestream media

JOIN "THE FREE SPEECH" COMMUNITY NETWORK

THE FREE SPEECH
Community Network
JOIN US TODAY
Tired of liberals skewing the mainstream news - Join today

TODAY'S TOP STORIES

  • POLITICS: French Ambassador to Sweden: ‘France is a Muslim country’POLITICS: French Ambassador to Sweden: ‘France is a Muslim country’ 10/29/2020 POLITICS: French Ambassador to Sweden: ‘France is a Muslim country’ If this holds true, then France has no organization disrupting Muslims imposing Sharia blasphemy laws, and will likely stop such disturbance quickly enough. 🇫🇷🇸🇪L'ambassadeur de France en Suède: "La France est un pays musulman"Selon lui nous avons un héritage/des racines… (15)
  • NEWS HEADLINES: Zeta sweeps through South with harmful winds, flooding rains on course to NortheastNEWS HEADLINES: Zeta sweeps through South with harmful winds, flooding rains on course to Northeast 10/29/2020 NEWS HEADLINES: Zeta sweeps through South with harmful winds, flooding rains on course to Northeast The eastern half of the nation remains in for a soaker Thursday with Hurricane Zeta racing up into the Northeast as the storm brings harmful winds and heavy rains throughout the SouthZeta is now racing… (14)
  • NEWS HEADLINES: Comic’s Parody Of Stranded Omaha Trump Advocate Goes ViralNEWS HEADLINES: Comic's Parody Of Stranded Omaha Trump Advocate Goes Viral 10/28/2020 NEWS HEADLINES: Comic's Parody Of Stranded Omaha Trump Advocate Goes Viral Comic Blaire Erskine’s satirical take on a stranded participant being spoken with after President Donald Trump’s rally in Nebraska has actually exploded huge online. On Tuesday, countless guests at a Trump rally at Eppley Airfield in Omaha were required… (13)
  • BASEBALL NEWS: Cardinals decline $12.5M option for INF Kolten WongBASEBALL NEWS: Cardinals decline $12.5M option for INF Kolten Wong 10/29/2020 BASEBALL NEWS:Cardinals decline $12.5M option for INF Kolten Wong The St. Louis Cardinals have declined Kolten Wong’s $12.5 million option, making the Gold Glove second baseman a free agent. The 30-year-old Wong will receive a $1 million buyout. Wong, a first-round pick in the 2011 draft, made his big league… (10)
  • Pandemic raises early voting to record levelsPandemic raises early voting to record levels 10/29/2020 Pandemic raises early voting to record levels From coast to coast, the images of long lines of citizens waiting to vote early in the presidential elections are repeated across the country, from Texas to Florida, passing through New York, Georgia and California. Six days before the elections, more than 73… (10)
  • POLITICS: Facebook video appears to reveal Texas male drinking minutes prior to deadly crashPOLITICS: Facebook video appears to reveal Texas male drinking minutes prior to deadly crash 10/29/2020 POLITICS: Facebook video appears to reveal Texas male drinking minutes prior to deadly crash Screen grab thanks to KRPC – Click2HoustonOAN NewsroomUPGRADED 4:20 PM PT – Wednesday, October 28, 2020A video shared on social networks has actually revealed a Texas male drinking behind the wheel minutes prior to a deadly… (9)
  • WORLD NEWS: Knife attack at French church leaves 3 dead as nation is on increased horror alertWORLD NEWS: Knife attack at French church leaves 3 dead as nation is on increased horror alert 10/29/2020 WORLD NEWS: Knife attack at French church leaves 3 dead as nation is on increased horror alert One lady was supposedly beheaded and 2 other individuals were stabbed to death on Thursday following a knife attack at a church in the French city of Nice that likewise left a number of… (9)
  • STRANGE NEWS: France Raises Its Alert Level to Optimum After Nice AttackSTRANGE NEWS: France Raises Its Alert Level to Optimum After Nice Attack 10/29/2020 STRANGE NEWS:: France Raises Its Alert Level to Optimum After Nice Attack This post is republished here with authorization from The Associated Press. This material is shared here due to the fact that the subject might intrigue Snopes readers; it does not, nevertheless, represent the work of Snopes fact-checkers or… (9)
  • TRUMP TWEET: My new commercial is out! Vote LUNA early on your absentee ballot or in-person November 3rd! … – Time of…TRUMP TWEET: My new commercial is out! 

Vote LUNA early on your absentee ballot or in-person November 3rd! ... - Time of Tweet: 2020-10-02 20:34:02 10/29/2020 My new commercial is out! Vote LUNA early on your absentee ballot or in-person November 3rd! ...Donald Trump Tweet - Posted on: 2020-10-02 20:34:02 My new commercial is out! Vote LUNA early on your absentee ballot or in-person November 3rd! https://t.co/CVJ1GHsjjM My new commercial is out! Vote LUNA early on… (8)
  • SOCCER NEWS: Timbers clinch playoff berth with 5-2 win over GalaxySOCCER NEWS: Timbers clinch playoff berth with 5-2 win over Galaxy 10/29/2020 SOCCER NEWS: Timbers clinch playoff berth with 5-2 win over Galaxy PORTLAND. Ore. (AP) - Jaroslaw Niezgoda scored a set of first-half objectives and the Portland Timbers clinched an area in the playoffs with a 5-2 success over the LA Galaxy on Wednesday night. It is the 4th straight season… (8)




LATEST TOP STORIES




©2020 U-S-NEWS.COM - NEWS NETWORK

THE FREE SPEECH
Community Network
JOIN US TODAY
Tired of liberals skewing the mainstream news. We have taken notice of the increasingly shrill left wing echo chamber in the press, and we are starting to get fed up with the so-called “News Headlines" that simply parrot Democratic Party talking points. Here you get the opportunity to change this and come up with your own opinion! Comment on our news articles - Share your opinion in the news groups - Follow and write to other users. Write your own News Articles and get it online.
Easy login with facebook, google or manual - Join and start today
You have now reached the bottom, exactly like
JOE BIDEN
I'm down here
PGlmcmFtZSB3aWR0aD0iNTAwIiBoZWlnaHQ9IjI4MSIgc3JjPSJodHRwczovL3d3dy55b3V0dWJlLmNvbS9lbWJlZC9RUDBSUmhDTzBUMCIgZnJhbWVib3JkZXI9IjAiIGFsbG93PSJhY2NlbGVyb21ldGVyOyBhdXRvcGxheTsgY2xpcGJvYXJkLXdyaXRlOyBlbmNyeXB0ZWQtbWVkaWE7IGd5cm9zY29wZTsgcGljdHVyZS1pbi1waWN0dXJlIiBhbGxvd2Z1bGxzY3JlZW4+PC9pZnJhbWU+

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

or    

Forgot your details?

Create Account