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Trump: Kodak to manufacture generic drug ingredients

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President Donald Trump announced photography company Kodak would produce ingredients in generic drugs in response to the coronavirus pandemic.

"Our 33rd use of the Defense Production Act will mobilize Kodak to make generic, active pharmaceutical ingredients," Trump said. "We will bring back our jobs and we will make America the world's premier medical manufacturer and supplier."

The company plans to expand existing facilities in New York and Minnesota under a new Kodak Pharmaceuticals arm.

Read more from CNBC.

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