Nothing; but PHP, in experienced hands, will be waaay more productive for small-to-medium things. One issue is that experienced hands are increasingly hard to come by. Truly big, complicated things, built by large teams or numbers of teams, teams with a lot of average brains or AIs trained on average brains, will be better off in something like Typescript/React. And everyone wants to work on the big complicated stuff. So the "modern frameworks" will continue to dominate while smaller, more niche shops will wonder why they waste their time.
I don't think it's true that experienced hands will be faster in PHP than in Python or JS or whatever. It's just about what you know, and experienced hands are experienced.
I worked at a startup, they built their API in PHP because it was easy and fast. Now they're successful, app doesn't scale, high latency etc. What does their php code do? 95% of it is calling a DB.
You're telling me today with LLM power multiplier it's THAT much faster to write in PHP compared to something that can actually have a future?