White House trade advisor Peter Navarro on Monday blasted executives at Eastman Kodak for their handling of a government loan to produce pharmaceutical ingredients in the United States. “Based on what I’m seeing, what happened at Kodak was probably the dumbest decisions made by executives in corporate history,” Navarro said on CNBC’s “Squawk Box.”“You can’t fix stupid,” Navarro added. Shares of the Kodak, known for producing camera film, skyrocketed on news of the pharmaceutical loan. However, it also was observed that trading activity of Kodak’s stock picked up significantly the day prior to the official announcement. We’re not looking in the rear view mirror.”“I’ve got 30 projects on my board across the street,” Navarro added.

Source: The Standard August 17, 2020 13:30 UTC