U.S. loan to Kodak will not proceed unless allegations cleared: White House

10 Aug 2020

U.S. loan to Kodak will not proceed unless allegations cleared: White House

. A worker cleans a Kodak booth at the Las Vegas Convention Center in preparation for 2019 CES in Las Vegas WASHINGTON The U.S. government will not proceed further with a government loan to Eastman Kodak Co (N:KODK) to make drugs at its U.S. factories unless the company is cleared of allegations tied to the circumstances surrounding Kodak’s announcement of the $765 million government loan, the White House said on Monday. White House Press Secretary Kayleigh McEnany made the remarks to reporters after U.S. President Trump said last week the U.S. government would quickly investigate the issue.

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