Kodak, once an iconic American brand valued at $30 billion , has been in dire straits for more than a decade. It filed for bankruptcy in 2012 and emerged in 2013. But Kodak, which built its business selling film, never successfully transitioned to digital. After bankruptcy, Kodak's old stock was worthless, but the newly issued shares peaked at over $36 in early 2014. But since then, it has rapidly declined, with the price mired well below $3 since March. In recent years Kodak has been selling its patents, buildings, and other assets for cash. In 2018, the company attempted a pivot to cryptocurrency. Then, late Tuesday afternoon, everything changed. President Trump announced that he was "using the Defense Production Act to provide a $765 million loan to support the launch of Kodak Pharmaceuticals." Kodak would now "produce generic active pharmaceutical ingredients," reducing the country's reliance on China. Trump described it as "one of the most ...
The young whale was sighted off the southern French coast this month. A scientist took a skin sample from Wally this month. SHARE YOUR THOUGHTS A walrus rested at a lifeboat station in Tenby, Wales, in March. A stranded juvenile minke whale in the River Thames last week. Gray Whales Were Thought to Be Extinct in the Atlantic. So How Did Wally End Up Off the Riviera? 6 minutes This feature is powered by text-to-speech technology. Want to see it on more articles? Give your feedback below or email audiofeedback@wsj.com . Somewhere in the Mediterranean, a 26-foot-long gray whale is exploring harbors and inlets as it tries to find its way back out to the Atlantic after veering thousands of miles off course. Biologists, who have named the whale Wally, have been tracking its progress since it made its way into the waters separating southern Europe from North Africa in April. After first being spotted off Morocco, it passed Gibraltar and made its way as far as Italy before doubling...
Whether you are for or against the U.S. keeping troops in Germany, you should be concerned about the reason the President is reducing troop presence in that country. The Pentagon has started to execute President Donald Trump’s order to withdraw one-third of the U.S. troops in Germany—reducing their numbers from 36,000 to 24,000. Three things about this move are already clear. First, far from being “a major strategic and positive shift,” as Secretary of Defense Mark Esper characterized it at a news conference Wednesday, it is purely an outburst of Trump’s angst and revenge, aimed at German Chancellor Angela Merkel, for various slights against him. Second, the strategic shift it bodes would not be at all positive for the NATO alliance—and, contrary to Trump’s intentions, it would cost the United States more money. Finally, in part for those reasons, defense officials are slow-rolling the pullout, to the point where only a small fraction of the troops will have left Germany by this fall’s...
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