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SEC Investigating Kodak After Stock Surge Following Drug Deal With US Government

1 month ago   |   By

MINNEAPOLIS - Eastman Kodak's potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant.
Kodak's depressed stock price surged last week before the company announced its plans to work with the President Donald Trump's administration in exchange for a $765 million loan. That prompted Sen. Elizabeth Warren to send a Monday letter asking the Securities and Exchange Commission to investigate whether insider trading laws have been broken.
The SEC is now in the early stages of a...
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Trump says the US has 'all the cards' on a potential TikTok sale as he doubles down on demand that the government get a 'very big' cut

Trump says the US has 'all the cards' on a potential TikTok sale as he doubles down on demand that the government get a 'very big' cut

1 month ago   |   By

Trump defended his threat to condition the sale of TikTok to an American company on the US government receiving a "very big proportion" of the deal during a press conference Tuesday.
"We have all the cards, without us you can't come into the United States," Trump said.
Trump did not elaborate on how he plans to require the companies to pay up or which side the money would come from, but claimed that TikTok and Microsoft - which are in acquisition talks - both agreed that the US should receive a payout.
Trump threatened to ban the app from operating in the US last month, citing national...
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