Change of plans

[The beef 675] [I'm an image] “Bet that digital camera idea looked a whole lot better around 2001... hindsight really is 2020, huh?” - Jeff Hey there carnivores, Markets were down on Tuesday, thanks to concerns around the new stimulus plan and (say it with me) the tech sector. Today we’re talking Kodak’s photo-worthy plan forward. Keep raging, Jeff & Jason [Image] [I'm an image] Pivot Kodak’s getting a loan to get into drugs... but not the fun kind. The former "big photo" earned itself a [$765M loan]( from the US government to help develop drugs needed to help with coronavirus treatment. The move is the first of its kind under the US Defense Production Act, which allows the President to call for businesses to prioritize contracts to create materials necessary for national defense. The goal? Cut US reliance on India and China for the production of medications, especially those needed to deal with COVID. So does this mean the US gonorrhea epidemic will go untreated? Rough go Kodak’s had its fair share of trouble over the last few years. The disposable camera market just isn’t what it used to be. How bad did it get? The one-hour photo pioneer even went as far as to dip its toes into the always reliable [cryptocurrency]( mining market. Considering it’s now manufacturing medical-grade drugs, it’s safe to say that didn’t pan out as expected. It’s not the only one getting into the drug game, either. Archrival Fujifilm has also received some US dinero to work on a COVID vaccine. How much? Oh, just $265M. The difference between the deals is that Fujifilm’s work is a federal contract, while Kodak has to pay back its loan over the next 25 years. Better start rehiring some of those salespeople you laid off in 2007. The bottom line... After news of the deal broke, Kodak’s stock price went off, rising [more than 203%]( in premarket trading. It had fallen 43.7% YTD through Monday. All in all, not a bad day for the company that invented the digital camera in 1975, proceeded to do nothing with it, and went bankrupt in 2012. [Image] There Are 252 Trading Days In A Year Jason Bond Wants To Give You His Best Trade Idea For Each Of Them [Alternate text]( Introducing For The First-Time Ever: The Rooster Report A Brand New Trade Idea Each Day From Jason Bond [Watch Now]( [I'm an image] ☑️ Til Year-Lend. The Federal Reserve has extended its lending program offerings from September 30 to the end of the year. Among the federal loans extended are the Term Asset-Backed Securities facilities, the Paycheck Protection Program, and the Main Street Lending Program. To date, total loans [have only been about $110B](, which is a far cry from the Fed official’s top-end estimate of $2.3T in funding. Those are rookie numbers, gotta pump those up. ☑️ Barred. Former Malaysian Prime Minister Najib Razak [was found guilty and sentenced]( to 12 years in jail over his involvement in the 1MDB scandal… which is presumably what his co-conspirator in the scandal, DJ D-Sol, will be [sentenced]( to once Andrew Cuomo is done with him. He was charged with three counts of money laundering (one for each season of 'Ozark'), three for criminal breach, one for abuse of power, and one for being a real d-bag. The last charge carried the most weight I’m guessing. If and when he gets out of prison (he’s 67 years old for those wondering), he won’t be a very rich man, as he was fined $50M. Of course, that sounds like a lot until you consider Goldman’s recent $3.9B settlement. ☑️ Need some protection. Remington [filed for Chapter 11]( protection on Monday… the second time it has done so since 2018. Ironic that a gun company needs protection, but I digress. The firearms manufacturer was previously in talks with Navajo Nation, but those discussions seemed to fizzle out over the past month. While there has recently been an uptick in firearm purchases (3.9M background checks in June compared to 3.7M in March), Remington’s challenges, which include financial and legal woes are completely out hand. The company owes roughly $250M to some 1k+ creditors. ☑️ You down with AMC. AMC is back, baby! The movie theater [company rose 7.24% during trading yesterday]( as it reached a deal with Universal Pictures to mandate a 17 day period that movies must play in cinemas before hitting on-demand platforms. Previously, theaters had exclusive rights to films for 90 days, but that changed this past March as Universal was concerned about ‘rona and sent the movie ‘Trolls: World Tour’ to both the small screen and theaters. The result: 'Trolls' became a huge success, racking up nearly $100M in rentals, meanwhile, theaters missed out on their 50% cut of the gross and proceeded to close due to COVID. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website,application or other service ("Services"), please review our full disclaimer located at [(disclaimer. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT beconstrued as a securities-related offer or solicitation, or be relied upon as personalizedinvestment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision. RESULTS PRESENTED NOT TYPICAL OR VERIFIED. 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