Taxpayer to fork out £85bn to cover Bank of England losses [Yahoo! Finance]
Eli Lilly and Company (LLY)
Last eli lilly and company earnings: 4/23 06:25 am
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Source: Yahoo! Finance
Losses are mounting from the £895bn bond-buying scheme carried out between 2009 and 2021, which was designed to support the economy from the worldwide malaise triggered by the Lehman Brothers collapse and then the pandemic. The programme had reduced the Treasury's budget deficit until 2022 but higher interest rates have reversed that effect. The Bank of England is in the process of getting the bonds off its books but £704bn of gilts remain. Quantitative easing will lose about £20bn a year until the early 2030s, according to the latest estimates by the Bank of England, which is equivalent to a third of the defence budget. Successive Chancellors agreed to indemnify the Bank against any losses on the scheme, leaving the taxpayer on the hook for the losses. Read the latest updates below. 06:00 PM BST That's all for today... Thanks for joining us on the blog today. Chris Price will be back in the morning to cover all the latest markets news but do check out the Business se
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LLY
News
- Glooko Announces Presidents of Life Sciences and Connected Care [Yahoo! Finance]Yahoo! Finance
- If You'd Invested $10,000 in Eli Lilly Stock 5 Years Ago, Here's How Much You'd Have Today [Yahoo! Finance]Yahoo! Finance
- Roundhill Investments Launches GLP-1 & Weight Loss ETF (OZEM) [Yahoo! Finance]Yahoo! Finance
- Alloy Therapeutics Announces Platform License Agreement with Lilly [Yahoo! Finance]Yahoo! Finance
- More than one-half of patients with Crohn's disease treated with Lilly's mirikizumab achieved clinical remission at one year, including patients with previous biologic failure [Yahoo! Finance]Yahoo! Finance
LLY
Earnings
- 4/30/24 - Beat
LLY
Sec Filings
- 5/9/24 - Form 8-K
- 5/3/24 - Form SD
- 4/30/24 - Form 10-Q
- LLY's page on the SEC website