Eastman Kodak jumped on Tuesday after President Donald Trump announced a job deal with a pioneering photographer to make ingredients in generic drugs in response to the coronavirus pandemic.
Kodak shares have risen more than 60 percent in expanded trading. The shares were tripled in regular trading on Tuesday for the best day after the US government lent $ 765 million to a company to start producing narcotics under defense law.
"The 33rd Amendment to the Defense Production Act will allow Kodak to produce generic and active herbal components," Trump told a news conference Tuesday night. "We will restore our jobs and make America the best medical manufacturer and supplier in the world."
Kodak said on Tuesday it will produce pharmaceutical components that are identified as needed but defined by National Hunger, as defined by the Food and Drug Administration
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