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Federal government pauses Kodak loan pending probes
The Hill: Shares of Eastman Kodak Co. plummeted Monday after a federal agency blocked a $765 million government loan to the company following the deal, which was touted by President Trump, coming under congressional scrutiny.
The U.S. International Development Finance Corporation (DFC) said in a Friday tweet that “recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared.”
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