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Eastman Kodak Co.

Shares add another 500% as drug shift keeps boosting stock

Shares of Eastman Kodak Co. have leapt 2,441% higher this week, sending its market valuation to nearly $2 billion, after it won a government loan to help produce ingredients used in key generic medicines to fight the coronavirus.

Russia: APT29

State-sponsored hackers target Covid-19 vaccine researchers

UK National Cyber Security Centre says drug firms and research groups being targeted by a Russian group known as APT29.

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Kanye West Yeezy

Gap shares fall after threat

Kanye West's threat to walk away from his fashion company's fledgling partnership with the Gap has sent shares sharply lower. Gap's stock fell nearly 6% following West's comments. Videos taken at the event show the rapper criticizing Gap and Adidas, another apparel company his Yeezy brand partnered with. West noted he was not on either company's board. "That has to change today or I walk away," he said. The Yeezy deal could give Gap a much-needed financial and creative boost.

Goya Foods

Donald Trump: Support for cans

Trump is showing his support for Goya Foods on Instagram, as the company faces a boycott after its CEO praised the president at a recent White House event. Trump shared a picture of himself in the Oval Office, flashing two thumbs up while displaying several Goya products on the Resolute Desk. Earlier today, the president claimed in a tweet that Goya, the largest Hispanic-owned food company in the US, was financially benefitting from the boycott. That tweet came a day after Trump’s daughter and senior adviser, Ivanka Trump, showed her support for the company by tweeting a photo of herself with a can of Goya beans.


Rage and insurrection from developers

Apple is facing a sudden public backlash from developers large and small against the tax it imposes on some in-app purchases. Though apps can be hosted on the App Store for free, Apple charges a commission of 15% to 30% on certain purchases made in the app. If, for example, you buy a premium Spotify subscription through Spotify's iOS app, Apple takes a 30% cut. The same fee applies to other digital-content purchases, such as virtual items or e-books. This week, a buzzy new subscription email service called Hey said Apple was trying to strong-arm it into integrating in-app purchases so it could get this commission. Hey, which comes from Basecamp and costs $99 a year, doesn't let you subscribe or pay inside the iOS app.