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Eastman Kodak’s potentially lucrative deal to help the U.S. government make more generic drugs domestically is threatening to turn into a regulatory headache for the fallen photography giant. Kodak’s stock price surged last week before the company announced its plans to work with President Donald Trump’s administration in exchange for a 5 million loan. That prompted Sen. Elizabeth Warren to ask Securities and Exchange Commission to investigate whether insider trading laws have been broken. For months, Kodak's stock hovered around per share. On Monday, the stock was at .62 per share. By Wednesday, the stock jumped to .20 per share. The price has come back down since, with it dropping to .40 on Tuesday.The Wall Street Journal is now reporting the SEC has opened a probe. The SEC declined to comment while Kodak says it will cooperate with any inquiry.Trump was asked Kodak's potential deal."I wasn’t involved in the deal," Trump said. "The concept of the deal is good, but I’ll let you know. We’ll — we’ll do a little study on that, and we’ll find out." 1083
EL CAJON, Calif. (KGTV) - A 16-year-old is battling life-threatening injuries after he was struck by a vehicle in the East County.The teenager was hit by the vehicle at about 8 p.m. Monday near the intersection of East Washington Avenue and Waterloo Ave., El Cajon police said.Police arrived to find the teenager unconscious in the road and transported him to a nearby hospital. The identification of the victim is being withheld, police said.Police added that the teen was with three other male teenagers, who had been running south across East Washington Ave. outside of a crosswalk when the collision occurred. The driver of the Toyota Rav4 that struck the victim remained at the scene and has been cooperating with authorities. Police said they don't believe drugs or alcohol played a factor in the crash.Witnesses told 10News the intersection can be dangerous for pedestrians in the area. 921
During the holidays, you can get some amazing deals on food.One of the most frugal families in America, known as the "Money Smart Family" online, says to make sure you stock up on all the right types of food if you want to save money.Steve and Annette Economides say Thanksgiving is one of the most economical holidays out there because of the sales. They say the price of a turkey will drop at least 50 perfect from the normal retail price. So, if you have a bog freezer at home, you should consider buying one to cook after the holidays. The couple even says Thanksgiving is the cheapest time to buy ham.However, there are other food prices to be cautious of buying."They aren't going to drop their beef prices, pork prices, fish prices," the couple says. "They are going to be normal or higher, because they are not using them as an incentive to lure you in.”The Economides say it also does no good to stock up on items that will go bad. "You have to know what your burn rate is, and then you have to stock up according to what the burn rate is for your household. The burn rate means how quickly you go through things.”For extra savings, make sure you download the app if your grocery stores offers one. Also, load up on the digital coupons and try the app called Ibotta to get cash back. If you really want to save big, let others help you this holiday season.“We're hosting Thanksgiving dinner for about 25 people, and the cost to us is going to be the turkey and some potatoes and setting the house up," the Economides say.Remember to not buy anything until you’ve checked your own pantry to make sure you don't already have the goods. 1729
EL CAJON, Calif. (KGTV) -- A crash sent a minivan into the side of a building in El Cajon Wednesday evening. According to a witness, the crash happened near the intersection of Douglas Avenue and Orange Avenue around 5 p.m. The witness told 10News that the white van went into the side of a building and through a garage. Photos of the building show the vehicle lodged into a wall. At this time it’s unknown if anyone was injured in the crash. 452
EL CAJON, Calif. (KGTV) -- New video from a nearby business shows the moments before a driver plunged into a sinkhole in El Cajon.The images seeming to tell a different story than was released by El Cajon police earlier in the week.The incident happened late Monday night on Vernon Way and Johnson Avenue. A white car became almost completely submerged in a deep sinkhole after a water main break earlier in the evening. RELATED: Sinkhole forms at El Cajon intersection, swallows car At the time police said the driver, who wasn't injured, ended up there after going around a barricade.Ken Wingert's office has surveillance cameras pointed right at the street where it happened, so out of curiosity, he took a look and says the video paints a different story than the one he first heard. "I saw the video...no that's not true," Wingert told 10News. "The police officer actually went to her window, talked to her and the car pulled a u-turn and went into the sinkhole."After the car goes down, Wingert says the video gets even more interesting. The officers can be seen walking over, but it's how they did it that has him confused. "Why were the police not reacting so fast once the car went into the pothole? All of a sudden when the car started sinking more everybody started running towards it," he said. "To me that was a little slow on that part."On Thursday 10News made multiple attempts to talk to El Cajon police about the video. We were told that there was no one available to comment. 1537
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