⁍ The U.S. government will quickly investigate the circumstances surrounding Eastman Kodak Co’s announcement of a $765 million government loan, President Donald Trump said on Tuesday.

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⁍ The company’s shares closed down 3.61% at $14.40 after the Wall Street Journal reported earlier that the U.S. Securities and Exchange Commission would investigate the deal.

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– Last week, Eastman Kodak announced a $765 million loan from the federal government to make drugs at its factories in the US. On Tuesday, the Wall Street Journal reported that the SEC is investigating the loan, which may have caused the company’s shares to spike 1,000% the day before the announcement, citing “people familiar with the matter.” Sen. Elizabeth Warren sent a letter to the SEC on Tuesday asking it to investigate “potential insider trading before the loan was announced.” Kodak shares closed down 3.6% at $14.40 on Tuesday. President Trump told reporters the loan was good for the company, but he was not personally involved. “We’ll do a little study on that. We’ll find out. If there is any problem, we’ll let you know about it very quickly,” he said. “We’ll see what that’s all about.” A Kodak rep said Executive Chairman Jim Continenza has regularly purchased Kodak shares since joining the company in 2013 and has invested more capital in the company than he has earned during his tenure.