Trump’s perfect storm of a Kodak deal is getting new scrutiny

On the surface, the Trump administration found a creative way to help a large and struggling U.S. manufacturer in a hard-hit city — Rochester, N.Y. — by potentially providing capital to transition into producing chemicals for pharmaceuticals. But the stock surge was based only on a letter of intent — not an actual loan — from a new and little-known government agency called the U.S. Development Finance Corporation that was created to provide foreign aid and is run by White House Senior Adviser Jared Kushner’s former roommate Adam Boehler.