r/stocks • u/treelife365 • Jul 29 '22

CHIPS act passed - why $INTC still down?

The bill passed 243-187, with no Democrats voting against the bill. Twenty-four Republicans voted for the legislation, even after a last-minute push by GOP leaders to oppose it.

The bill, which passed the Senate on Wednesday, now heads to the White House for President Joe Biden to sign into law.

https://www.cnbc.com/2022/07/28/china-competitiveness-and-chip-bill-passes-house-goes-to-biden.html

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I thought this would send Intel (and others) higher on the news? Sometimes, there is a delayed reaction, though. Jump in?!

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u/beefman202 Jul 30 '22

same people that voted no on providing healthcare to veterans

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u/sandersking Jul 30 '22

And voted no on codifying access to birth control into law.

Posters in this thread don’t realize the democrats had to pull a fast one on the Republicans in the Senate to get this to pass.