As the old joke goes: What do the Sun and Eastman Kodak have in common? Both are large yellow objects that used to seen in Rochester. Well the Sun is still missing, but like Nessie, the Loch Ness Monster, a Kodak sighting has been reported, from Star Tribune:
Eastman Kodak will receive a federal loan of $765 million to help reduce the country’s reliance on other countries for ingredients used in generic drugs.
The plan is to create a Kodak Pharmaceuticals division, adding 300 jobs in Rochester, N.Y., and 30 to 60 jobs in St. Paul, officials told the Wall Street Journal.
The division would produce ingredients for generic drugs, including the antimalarial drug hydroxychloroquine that President Donald Trump has touted in the treatment of coronavirus, the report said.
Get that the production of generic drugs to in include hydroxychloroquine. The should provoke a firestorm. The sure to enraged include Fredo Sr., b/k/a Governor Andrew Cuomo. Fredo is never opposed to killing Upstate New York jobs, especially with the added bonus of killing New Yorkers.
Mayor Connie, b/k/a Mayor Lovely Warren, Rochester, will she even know what to do with having her string yanked by the now departed Assemblyman David Gantt?
AOC, b/k/a Representative hydroxychloroquine, the only job of which AOC approves, other than her own, is shop lifting, assume from a mom and pop because the big box stores will not go near NYC. AOC temper tantrum killed proposed Amazon expansion in NYC.
Last Mrs. Pelosi, the receipt of the federal loan caused Kodak’s share price to explode. Beware of her rage should sober up and finds she missed out on a potential insider trade.
Note in passing, this is not the old Yellow Box. The old Kodak died in bankruptcy. The old shares were zeroed out, and new shares created for the bond holders
