Kodak to produce Hydroxychloroquine & other Generic drugs with U.S Loan of $765 Million!
Global samvad,
New Delhi
World photographic revolutionary Eastman Kodak ltd. Or popularly known KODAK will become the large scale producer of generic drugs henceforth.
The US government has lent the global Brand Kodak with a $765 million loan to start its new venture.
Which the government of America also believes that – will produce job opportunity in the US market.
The Job market scenario is in the bad shape in the U.S.; majorly due to COVID 19 and global economic recession both.
The U.S government headed by Donald Trump has given the loan to the Kodak Company under the American Defense production Act.
Moreover, Presently America relying heavily on foreign sources for the import of drugs to treat its domestic populace infected by the Corona Pandemic.
The Kodak shares were upped by an astronomical 235%
Kodak to produce Hydroxychloroquine & other Generic drugs with U.S Loan of $765 Million!
The Trump government believes that the Kodak company with its vast resources and expertise will be able to help the American people by;
expediting the production of these very essential malarial drugs domestically.
Recently at the onset of COVID 19 pick in America;
the trump government had to heavily rely upon India to help it with the hydroxychloroquine and other malarial drugs.
Moreover, This swift move by the Trump administration will not only help America with domestic availability of these very important partial solutions to curve and control the COVID infection;
in addition, it would also support the declining American job market with some ray of hope with newer job-creating avenue.
Obviously, it will also help the global photography giant to revive its business status,
which has already become very visible in the share market response.
The Kodak shares were upped by an astronomical 235% to $8.80 per share ;
as soon as the report broke out.
For the moment; it is a happy revival of Eastman Kodak Ltd.
…
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