Kodak shares plunge after U.S. blocks $765 million loan deal

Shares of Eastman Kodak Co fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of "alleged wrongdoing" by executives.
Read more: https://www.reuters.com/article/us-eastman-kodak-stocks/kodak-shares-plunge-after-u-s-blocks-765-million-loan-deal-idUSKCN2561JE?source=Snapzu