Photography

Kodak's $765 million government loan under investigation by same agency that approved deal, report says

4 days ago   |   By

Workers at the KODAK billboard at Times Square.
plus49/Construction Photography/Avalon/Getty Images
Kodak's $765 million government loan is now under investigation by the very agency that helped create the deal. The inspector general of the US International Development Finance Corp. told Sen. Elizabeth Warren the office is reviewing the sum, The Wall Street Journal reported on Monday. Warren previously called on the Securities and Exchange Commission and the Pandemic Response Accountability Committee to investigate the Kodak loan. The deal fell under intense scrutiny following its late...
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TikTok's deal with Oracle may not give any money to the US Treasury, despite Trump saying it would get a 'large percentage' of any deal

4 days ago   |   By

President Trump previously said the US Treasury would get a cut of any TikTok deal.
Tasos Katopodis/Getty Images
Sources told the Financial Times TikTok's proposed partnership with Oracle won't include a cut for the US Treasury.
President Trump said last month a "large percentage" of any TikTok deal would have to go to the US Treasury - although he wasn't clear which party in the deal he thought should pay that sum.
TikTok appears not to be selling its US operations outright to Oracle, but has instead proposed a partnership with Oracle as its "trusted technology partner."
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