Drugs are the new bitcoin for stock hype – ZAWYA

Drugs are the new bitcoin for stock hype – ZAWYA

Drugs are the new bitcoin for stock hype Eastman Kodak's new initiative has more hope of developing    Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. =(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.)DALLAS - Eastman Kodak knows how to paint a pretty picture. The company's stock price at one point had more than tripled on Tuesday after it received a $765 million loan from a U.S. government agency to help produce chemicals used to produce generic drugs. One on the list according to the Wall Street Journal is hydroxychloroquine, touted by U.S. President Donald Trump for use in fighting Covid-19. It's promising, but has limits.The Rochester, New York-based company has struggled ever since digital images started to overtake dark rooms and film negatives. It filed for bankruptcy in 2012 and its shares have more than halved since emerging a year later. The company's 2019 sales of $1.2 billion were just a sliver of their 2000 figure.DALLAS - Eastman Kodak knows how to