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Data: Money.net; Chart: Andrew Witherspoon / Axios

Shares of Kodak surged after the company's CEO announced a "major blockchain initiative." Photographers "struggle to assert control over their work," so the company said it's experimenting with digital ledgers (the tracking tech behind Bitcoin) to help camera pros more easily get paid when licensing their like-worthy work.

  • Kodak, which was founded in 1888, failed to recognize the the digital photography revolution and went bankrupt in 2013. Even though the stock's down 73% in the last year, Tuesday's win pumped its value up to $178 million.

The takeaway: Bitcoin is the Viagra of flaccid stocks. Random companies like drink-maker Long Island Iced Tea and biotech firm Riot surged 200% each lately simply on word they may add blockchain technology into their business models. Kodak though is going all in — it's also using an ICO ("Initial Coin Offering") to offer cryptocurrencies for cash to fund its "KodakCoin" project.

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Commission releases topics for first presidential debate

Moderator Chris Wallace. Photo: Drew Angerer/Getty Images

Fox News anchor Chris Wallace has selected what topics he'll cover while moderating the first presidential debate between President Trump and former Vice President Joe Biden next week.

What to watch: Topics for the Sept. 29 debate will include Trump and Biden's records, the Supreme Court, COVID-19, economic policy, racism and the integrity of the election, the Commission for Presidential Debates announced on Tuesday. Each topic will receive 15 minutes of conversation and will be presented in no particular order.

Fed chair warns economy will feel the weight of expired stimulus

Treasury Secretary Steven Mnuchin and Fed Chair Jay Powell bump elbows before House hearing on Tuesday. Photo: Joshua Roberts/Pool/AFP via Getty Images

Federal Reserve Chairman Jerome Powell told the House Financial Services Committee on Tuesday that the expiration of Congress' coronavirus stimulus will weigh on the U.S. economy.

Why it matters: Powell warned that the effects of dried-up benefits are a looming risk to the economy, even if the consequences aren't yet visible.

1 hour ago - World

Beijing draws Chinese companies even closer

Illustration: Annelise Capossela/Axios

Chinese Communist Party Secretary Xi Jinping announced last week that the party must strengthen its leadership over private companies, and that entrepreneurs must meet the party's needs. 

Why it matters: Xi's new announcement will increase fears that Chinese businesses may serve as a Trojan horse for the CCP.

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