{"id":66256,"date":"2026-08-10T08:08:12","date_gmt":"2026-08-10T12:08:12","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-shares-tumble-on-15-billion-stock-offering-hassett-urges-fed-rate-cuts\/66256\/"},"modified":"2026-08-10T08:08:12","modified_gmt":"2026-08-10T12:08:12","slug":"intel-shares-tumble-on-15-billion-stock-offering-hassett-urges-fed-rate-cuts","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/intel-shares-tumble-on-15-billion-stock-offering-hassett-urges-fed-rate-cuts\/66256\/","title":{"rendered":"Intel Shares Tumble on $15 Billion Stock Offering; Hassett Urges Fed Rate Cuts"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>)<\/strong> shares fell <strong>3%<\/strong> following the announcement of a massive <strong>$15 billion<\/strong> common stock offering to fund its AI-driven turnaround.<\/li>\n<li>White House National Economic Council Director <strong>Kevin Hassett<\/strong> signaled a dovish stance, stating he would <strong>hold or cut interest rates<\/strong> if he were currently at the Federal Reserve.<\/li>\n<li>The UK became the first European nation to authorize <strong>Eli Lilly&#39;s (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> oral weight-loss pill, <strong>Foundayo<\/strong>, for obesity and type 2 diabetes.<\/li>\n<li><strong>Kevin Hassett<\/strong> identified <strong>Artificial Intelligence<\/strong> as the most critical policy issue for the next two years, noting the administration is &quot;carefully studying&quot; security risks.<\/li>\n<li>Iranian President <strong>Masoud Pezeshkian<\/strong> implemented a new measure requiring his personal approval before executive agencies can restrict or block digital platforms.<\/li>\n<\/ul>\n<h2>Intel Seeks $15 Billion to Fuel AI Expansion<\/h2>\n<p>Intel (<a href=\"\/stock\/INTC\">INTC<\/a>) announced a proposed <strong>$15 billion<\/strong> underwritten public offering of common stock on Monday, sending shares down <strong>3%<\/strong> in early trading. The semiconductor giant intends to use the proceeds for general corporate purposes, including <strong>capital expenditures<\/strong> and working capital to support its aggressive expansion into <strong>AI compute<\/strong> and foundry services. The offering includes an option for underwriters to purchase an additional <strong>$2.25 billion<\/strong> in shares, potentially bringing the total capital raise to over <strong>$17 billion<\/strong>.<\/p>\n<p><em>The move highlights Intel&#39;s urgent need for liquidity as it attempts to regain its technological lead against rivals like TSMC and <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a>.<\/em> While the capital raise bolsters the balance sheet, investors reacted negatively to the significant <strong>shareholder dilution<\/strong> inherent in such a large equity issuance. The company cited &quot;strong and sustainable demand&quot; for <strong>physical AI<\/strong> and advanced packaging as the primary drivers for the investment.<\/p>\n<h2>Hassett Advocates for Rate Cuts, Citing AI Productivity<\/h2>\n<p>White House National Economic Council Director <strong>Kevin Hassett<\/strong> weighed in on monetary policy Monday, suggesting that the Federal Reserve should consider <strong>cutting interest rates<\/strong>. &quot;If I were at the Fed now, I&#39;d hold or cut rates,&quot; Hassett stated, diverging from the more hawkish sentiment seen in recent months. He argued that an <strong>AI-driven productivity boom<\/strong> could provide a &quot;supply shock&quot; similar to the 1990s internet era, allowing for lower rates without stoking inflation.<\/p>\n<p>Hassett further emphasized that <strong>Artificial Intelligence<\/strong> is perhaps the &quot;most important policy issue&quot; for the next two years. He confirmed that the administration is <strong>carefully studying AI security issues<\/strong> to balance innovation with national safety. When asked about the ongoing legal challenges surrounding Federal Reserve Governor <strong>Lisa Cook<\/strong>, Hassett declined to comment further, characterizing the situation strictly as a <strong>&quot;law issue.&quot;<\/strong><\/p>\n<h2>UK Greenlights Eli Lilly\u2019s Obesity Pill<\/h2>\n<p>In a major regulatory milestone, the UK\u2019s Medicines and Healthcare products Regulatory Agency (MHRA) authorized <strong>Eli Lilly&#39;s (<a href=\"\/stock\/LLY\">LLY<\/a>)<\/strong> drug <strong>Foundayo<\/strong> (orforglipron) for weight management and type 2 diabetes. This makes the UK the first country in Europe to approve the <strong>once-daily oral pill<\/strong>, which offers a more convenient alternative to injectable GLP-1 treatments like Wegovy.<\/p>\n<p><em>The approval is expected to intensify competition in the rapidly growing obesity market, where supply constraints for injectables have been a persistent hurdle.<\/em> While the drug is now authorized, it is not yet available via the <strong>NHS<\/strong>, pending a cost-effectiveness review by NICE. Clinical data suggests Foundayo can lead to weight loss of up to <strong>13%<\/strong> in certain adult populations.<\/p>\n<h2>Iran Curbs Agency Power to Block Digital Platforms<\/h2>\n<p>Iranian President <strong>Masoud Pezeshkian<\/strong> has issued a directive that prevents executive agencies from independently blocking or suspending <strong>online platforms and digital businesses<\/strong>. Under the new measure, any such restrictive actions must now receive direct approval from the President\u2019s office.<\/p>\n<p>This policy shift is seen as an attempt to provide more <strong>regulatory stability<\/strong> for Iran&#39;s digital economy, which has frequently been disrupted by arbitrary filtering and shutdowns. Local media reports suggest the move aims to support <strong>e-commerce and fintech<\/strong> sectors that have struggled under previous decentralized censorship regimes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Intel (INTC) shares fell 3% following the announcement of a massive $15 billion common stock offering to fund [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[5012],"tags":[31,337,3710,4382,4664,5314,7017,8946],"class_list":["post-66256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","tag-intc","tag-lly","tag-federal-reserve","tag-semiconductor","tag-iran","tag-kevin-hassett","tag-mhra","tag-weight-loss-drugs"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=66256"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/66256\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50383"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=66256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=66256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=66256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}