Intel closed down 29.27%, the widest single-session move across 380 priority names. Regeneron led the other direction, with chip and optics names filling out the downside.
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Intel opened down 29%, a one-day drop of a size this name almost never posts, while the top of the board belongs entirely to pharma, led by Regeneron. Four of the five biggest decliners fell by double digits.
Oncology revenue rose 17%, more than absorbing a 25% drop in Farxiga after US generics arrived, and AstraZeneca still beat EPS expectations. Management reaffirmed full-year guidance and pointed to 2027 readouts.
We have had approvals for four new medicines and reported 12 positive Phase III programme readouts with a collective peak year revenue potential well in excess of ten billion dollars. Our rich series of upcoming readouts in 2027 has a potential of more than twenty billion dollars.
Soriot is putting a dollar figure on AstraZeneca's 2027 catalyst calendar, and it is double what this year's dozen Phase III wins carry. For a $270 billion drugmaker, the pipeline math is now the whole investment case.
Mad Money w/ Jim Cramer 10/27/26
- Cramer rejects the AI all-clear despite Broadcom arranging $63 billion in financing for Anthropic compute
- Meta's $25 billion equity raise was five times oversubscribed, but the $60 billion at-the-market program worries him
- CoreWeave bonds reaching a 15% yield flagged as the sector's unresolved weak spot
- Caller questions on Micron volatility and Revolution Medicines' pancreatic cancer drug
The bull case for data centers today rested on financing rather than profits, and Cramer wants to hear a customer say the chips are minting money before calling it clear. He expects Meta's at-the-market selling to weigh on the stock as supply hits at the wrong moments, with borrowing costs into a Fed decision the swing factor for everything levered to the buildout.
A 53% cut in death risk versus chemotherapy is the kind of late-stage result that resets an oncology franchise, and it lands after a stretch of pipeline setbacks weighed on the shares. Watch for the full trial data and filing timeline.
BREAKING: AstraZeneca reports major breakthrough in stomach cancer treatment, with its experimental drug reducing the risk of death by 53% compared with chemotherapy in a late-stage trial.
- Replies24
- Reposts31
- Likes237
The downside is doing the damage at Wednesday's open: Applied Optoelectronics is off 10.13%, with Dell and SanDisk each shedding roughly 9%. The best gainer, Intuit at 5.07%, does not come close to matching it.
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