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Kodak chief got sweetheart stock options deal — one day before Trump announced $765 million loan

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Former photography pioneer Kodak received a huge infusion of cash from President Donald Trump this week.

But it is what happened one day before that is raising eyebrows.

“At the beginning of this week, the Eastman Kodak Company handed its chief executive 1.75 million stock options,” The New York Times reported Friday.

“It was the type of compensation decision that generally wouldn’t attract much notice, except for one thing: The day after the stock options were granted, the White House announced that the company would receive a $765 million federal loan to produce ingredients to make pharmaceuticals in the United States,” the newspaper reported. “The news of the deal caused Kodak’s shares to soar more than 1,000 percent. Within 48 hours of the options grants, their value had ballooned, at least on paper, to about $50 million.”

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This is not the first time something like this has happened during the Trump administration.

“The options grant to Kodak’s executive chairman and chief executive officer, Jim Continenza, is the latest example of executives and board members at companies receiving such federal support to benefit from extraordinarily good timing. A number of those companies are involved in the hunt for vaccines and treatments for Covid-19,” The Times reported. “Insiders at Vaxart, for example, received stock options shortly before the California biotech company announced in June that its potential coronavirus vaccine was being tested in a program organized by a federal agency, causing its shares to instantly double.”


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Experts issue dire warning on Trump executive action on unemployment insurance

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"Literally every new detail about these executive orders confirms that in addition to being wildly unconstitutional, they will do absolutely nothing to help anyone who's suffering."

On top of serious questions about the directive's legality and workability, experts are warning that President Donald Trump's executive action to extend the federal boost to unemployment benefits at $400-per-week—using $44 billion in funds meant for disaster relief—leaves out the poorest Americans by design.

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Senior officials battling White House over urgent risk of reopening schools

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Public health officials are increasingly worried that states -- especially in the South -- are not seriously considering the coronavirus risks associated with reopening schools.

Trump administration officials have insisted to governors that reopening schools could be done safely, but senior officials have recently pressed White House officials to improve their messaging about the potential risks, reported The Daily Beast.

“If you have Trump going out there and saying everything is fine there’s a risk that that’s what people are going to think going back,” said one senior official. “There’s a real possibility that counties won’t implement all the measures outlined in the [Centers for Disease Control] guidelines and will just say, ‘Look, we’re doing the best we can and that’s it.’ There’s no one to enforce that stuff.”

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WATCH: COVID truther goes on wild rant about communism after getting pulled over by cops

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A South Carolina woman this week was caught on video going on a wild rant about Jesus and communism after a police officer pulled her over because her anti-vaccination signs were completely obscuring her car's rear window.

The video shows that the woman was driving a car that was covered in signs that protested not just economic shut downs, but also simply testing people for COVID-19.

After the officer pulled her over, she demanded to see his badge number and started yelling at him.

The officer tried to calm her down and told her there was no reason to be upset.

"Oh, no reason to get upset just because we're in communist Greenville, South Carolina?!" she yelled back. "I am not being disorderly! I have freedom of speech! You're being disorderly!"

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