August 5, 2020

Top Democrats announce probe into US loan to Kodak

Washington (AFP) – Top Democrats in the House of Representatives on Wednesday announced a probe into a $765 million US government loan to photo giant Eastman Kodak to manufacture pharmaceuticals amid the coronavirus pandemic.The US International Development Finance Corporation (DFC) announced last week it would lend Kodak money to expand its operations and hiring to create drug components that are in short supply, potentially revitalizing a company that’s seen its fortunes fade as cellphones have replaced cameras and film. ¬†However, five Democratic lawmakers including Maxine Waters, chairwoman…


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