{"id":50985,"date":"2025-07-25T07:08:34","date_gmt":"2025-07-25T11:08:34","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-movers-intel-plummets-on-strategic-shift-pharma-sees-mixed-eu-approvals-phillips-66-beats-estimates\/50985\/"},"modified":"2025-07-25T07:08:34","modified_gmt":"2025-07-25T11:08:34","slug":"market-movers-intel-plummets-on-strategic-shift-pharma-sees-mixed-eu-approvals-phillips-66-beats-estimates","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-movers-intel-plummets-on-strategic-shift-pharma-sees-mixed-eu-approvals-phillips-66-beats-estimates\/50985\/","title":{"rendered":"Market Movers: Intel Plummets on Strategic Shift, Pharma Sees Mixed EU Approvals, Phillips 66 Beats Estimates"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) shares plummeted 8% in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a><\/strong> after its CEO announced factory project cancellations and criticized his predecessor&#39;s spending, signaling a potential shift towards cost-cutting over technological leadership.<\/li>\n<li><strong>Pharmaceutical giants saw mixed regulatory news in Europe<\/strong>, with <strong>Sarepta (<a href=\"\/stock\/SRPT\">SRPT<\/a>) shares dropping 14%<\/strong> after its gene therapy failed to secure EU approval, while <strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>) received a positive CHMP opinion<\/strong> for its Alzheimer&#39;s drug, Donanemab.<\/li>\n<li><strong>Phillips 66 (<a href=\"\/stock\/PSX\">PSX<\/a>) reported robust Q2 2025 earnings<\/strong>, with adjusted EPS of <strong>$2.38<\/strong> significantly exceeding estimates of <strong>$1.72<\/strong>, and adjusted pretax income reaching <strong>$1.29 billion<\/strong>.<\/li>\n<li>The <strong>U.S. Senate Banking Committee<\/strong> is set to hold its first housing markup in over a decade on July 29, with a bipartisan package of proposals drafted by Senators Warren and Scott.<\/li>\n<\/ul>\n<h2>Pre-Market Dynamics and Corporate News<\/h2>\n<p>U.S. pre-market trading showed modest gains for the <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> futures (ES) and Russell 2000 futures (RTY), both up <strong>0.2%<\/strong>, while Nasdaq 100 futures (NQ) remained flat. Individual stock movers were dominated by significant corporate announcements.<\/p>\n<p><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> experienced a sharp <strong>8% decline<\/strong> in pre-market trading following its CEO&#39;s announcement of factory project cancellations. The CEO also criticized the previous leadership&#39;s spending as excessive, raising investor concerns about a potential shift in strategy from technology leadership to aggressive cost-cutting. This strategic pivot has sparked apprehension among investors regarding the company&#39;s future growth trajectory.<\/p>\n<p>In the pharmaceutical sector, <strong>Sarepta Therapeutics (<a href=\"\/stock\/SRPT\">SRPT<\/a>)<\/strong> saw its shares drop <strong>14%<\/strong> in pre-market trading after its gene therapy, Elevidys, failed to receive approval from European regulators. Conversely, <strong>Eli Lilly (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> received a favorable opinion from the EU&#39;s Committee for Medicinal Products for Human Use (CHMP) for its Alzheimer&#39;s treatment, Donanemab, a significant step towards full European approval. AstraZeneca also announced a positive EU CHMP opinion for Trixeo Aerosphere.<\/p>\n<p><strong>Phillips 66 (<a href=\"\/stock\/PSX\">PSX<\/a>)<\/strong> delivered strong Q2 2025 earnings, with adjusted EPS of <strong>$2.38<\/strong> significantly surpassing the estimated <strong>$1.72<\/strong>. The company&#39;s adjusted pretax income reached <strong>$1.29 billion<\/strong>, well above the <strong>$914.8 million<\/strong> estimate. Phillips 66 also confirmed it is on track to cease operations at its Los Angeles Refinery and complete transactions in Germany and Austria by year-end.<\/p>\n<p><strong>Deckers Outdoor (<a href=\"\/stock\/DECK\">DECK<\/a>)<\/strong> shares surged <strong>12%<\/strong> in pre-market trading after the company reported earnings per share (EPS) and revenue that topped analyst expectations, indicating robust performance.<\/p>\n<h2>Economic and Geopolitical Landscape<\/h2>\n<p>The <strong>U.S. Senate Banking Committee<\/strong> has scheduled its first housing markup in over a decade for July 29. Senators Warren and Scott have drafted a bipartisan package of proposals, signaling a renewed legislative focus on housing policy.<\/p>\n<p>Internationally, the <strong>International Monetary Fund (IMF)<\/strong> warned that Rachel Reeves, a prominent UK political figure, faces &quot;significant challenges&quot; due to a potential trade war and limited fiscal headroom. The <strong>Russian Central Bank<\/strong> stated that inflation risks continue to outweigh disinflation risks over the medium term, citing ongoing geopolitical tensions as a major uncertainty factor. The bank also noted more evidence of weakening in the job market and persistent high inflation expectations, indicating that tight monetary policy will continue for a prolonged period to meet inflation goals by 2026.<\/p>\n<p>The Euro experienced a slight fall against the U.S. Dollar, trading at <strong>1.1725<\/strong>, though it remained supported by its 21-day moving average at <strong>1.1715<\/strong>. In other news, <strong>First Citizens BancShares Delaware<\/strong> reported strong Q2 results, with adjusted earnings per share of <strong>$44.78<\/strong> surpassing estimates of <strong>$39.3<\/strong>. Net interest margin stood at <strong>3.26%<\/strong>, and net interest income reached <strong>$1.7 billion<\/strong>.<\/p>\n<p>In geopolitical developments, Thailand&#39;s F-16s reportedly bombed several targets in Cambodia, indicating escalating tensions in the region. Meanwhile, the China Cabinet emphasized the need to ensure drinking water safety and water supply for crop irrigation, while also urging focus on identifying and eliminating risks in major projects to avoid disasters.<\/p>\n<p>On the technology front, <strong>Alibaba<\/strong> unveiled new Qwen3 models designed for coding, complex reasoning, and machine translation, highlighting continued advancements in artificial intelligence. Separately, MetaSpaceX announced a partnership focused on developing new renewable energy sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) shares plummeted 8% in pre-market trading after its CEO announced factory project cancellations and criticized his 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