tyb
Lilly Endowment Inc. sold $72.56m-Apr 23-24
This falls outside the normal moar than 10% but noted for the back-to-back sales.
They have approximately 112,210,304 shares after these sales.
Sold another chunk in early April. See Link
Lilly Endowment Inc., headquartered in Indianapolis, Indiana, is one of the world's largest private philanthropic foundations and among the largest endowments in the United States. It was founded in 1937 by Josiah K. (J. K.) Lilly Sr. and his sons, Eli Jr. and Josiah Jr. (Joe), with an initial gift of Eli Lilly and Company stock valued at $280,000 USD ($4,616,759 in 2015 chained dollars).[3] As of 2014 its total assets are worth $9.96 billion.[4]
J. K. Lilly Sr. initially served on the foundation's board and became its largest contributor. Over time he donated Eli Lilly and Company stock worth a total of $86.8 million to the foundation, including a $30 million bequest following his death in 1948. J. K's sons, Eli and Joe, contributed additional Eli Lilly and Company stock that had a combined value of $6.8 million. Eli also managed the foundation in its early years. The Lilly Endowment's first full-time staff members, Josiah K. Lilly III and G. Harold Duling, were hired in 1951. By the mid-1970s the foundation's staff had increased to seventy-five and it had moved to larger headquarters at 2801 North Meridian Street in Indianapolis.
As required under the Tax Reform Act of 1969, the Lilly Endowment diversified its holdings, but its assets consist primarily of Eli Lilly and Company stock.In 1998 the Lilly Endowment became the wealthiest philanthropic endowment in the world in terms of assets (estimated value of $15.4 billion) and charitable giving. As of 2014 it remains among the top five in terms of total assets ($9.96 billion).
The private family foundation is a separate entity from the Eli Lilly and Company pharmaceutical firm, and maintains its headquarters in a different location. With the exception of the Eli Lilly and Company stock that the foundation holds in its portfolio, the Lilly Endowment is not linked to the Lilly pharmaceutical company. The non-profit foundation has its own board of directors to manage its affairs and an executive committee (trustees) that reviews grant requests. The Lilly Endowment has historically focused on three primary grant areas: community development, education and Christianity. It is the largest private foundation in the United States that funds almost exclusively in its home city and state, and is one of few major foundations to fund religion.
not linked to the Eli Lilly Pharmaceutical Co but has 112m shares of it…..sure
https://www.finviz.com/insidertrading.ashx?oc=316011&tc=7&b=2
https://lillyendowment.org/
https://www.centerfornonprofitexcellence.org/grantmakers-directory/lilly-endowment
Bank of Japan vows to buy government bonds 'without upper limit'
Tokyo stocks rise 2.7% after central bank acts to help companies weather pandemic.
TOKYO – The Bank of Japan further boosted its monetary stimulus at a one-day policy meeting on Monday, aiming to support the government's efforts to rescue the economy from the effects of the coronavirus. The BOJ said it will "purchase a necessary amount of Japanese government bonds without setting an upper limit," echoing the language used by the U.S. Federal Reserve last month that it would buy government bonds "in the amounts needed" to support the American economy.
The removal of the cap is seen as a largely symbolic step, as the BOJ had been purchasing few JGBs recently and could easily expand its purchases without lifting the upper limit. But the new language "could help remove any investor concern about the supply-demand balance of the JGB market, as the government may have to borrow more to support the economy," said Yuichi Kodama, chief economist at the Meiji Yasuda Research Institute.
Stocks reacted positively to the news, with the Nikkei Stock Average closing 2.7% higher. European stocks also jumped in early trading, while the yen firmed against the dollar and was changing hands at 107.22-23 versus the greenback at 5 p.m. local time, compared with 107.70-71 late last Friday.
BOJ Gov. Haruhiko Kuroda later stressed to reporters that the new measure does not amount to underwriting government debt. "The BOJ will buy JGBs as much as necessary," he said. But he added, "This is not a permanent measure" and it will last only as long as necessary to achieve the bank's 2% inflation target.
The central bank will also nearly triple the amount of corporate bonds and commercial paper that it can purchase, hoping to ease funding problems at large corporations.
To help small and midsize enterprises, the Japanese central bank has eased collateral rules as well, allowing commercial banks to access its liquidity program for the purpose of increasing loans to such businesses. For commercial banks that raise their balance of SME loans, the BOJ will offer an interest rate of 0.1% as an incentive.
In his news conference, Kuroda underlined the need for liquidity support for businesses, saying they are facing "more serious funding challenges than during the Lehman crisis," even as "the financial market has regained some stability recently." He noted that businesses will have to offer higher interest rates to borrow money with commercial paper and corporate bonds, and that some companies are hesitating to borrow due to higher interest rates.
Meanwhile, the central bank sharply downgraded its forecast for the economy, predicting a 3% to 5% contraction for the fiscal year that started this month. It sees consumer prices falling 0.3% to 0.7% this year.
Kuroda stressed that the central bank is "not foreseeing a return to deflation," or falling prices over an extended period of time. He said the bank expects prices to rise from 2021 onward.
The bank's forecast ranges reflect a high degree of uncertainty. But the dire numbers illustrate the severity of the ongoing downturn, caused by the plunge in inbound tourism and stay-at-home requests from the government. Meiji Yasuda's Kodama thinks negative growth will be unavoidable even if the economy recovers later in the year.
https://asia.nikkei.com/Economy/Bank-of-Japan-vows-to-buy-government-bonds-without-upper-limit
MAGMA89 coming out of Belize and ne
SAM636 G5 sw from JBA and SAM 632 G5 that departed McDill AFB, Tampa
PAT08OA C-560 on final at Sky Harbor Int'l Phoenix, AZ-origin Ft. Worth west to Phoenix then ne to Perterson AFB and now back to Phoenix
PAT083A C-560 sw from Davenport, IA-Quad City Int'l Airport heading back to Ft. Worth