Morgan Stanley touts a $70 billion boost for megacap tech companies from the One Big Beautiful Bill Act

Morgan Stanley touts a $70 billion boost for megacap tech companies from the One Big Beautiful Bill Act

Tax tweaks are poised to give a huge lift to five of the Magnificent 7’s free cash flows — and they just might send that extra money to another member of the cohort!

Unpacking the “One Big Beautiful Bill Act”: What H.R. 1 Means for Communications Businesses.

The recent enactment of H.R. 1, also known as the “One Big Beautiful Bill Act” (OBBBA), should be a significant boost for the communications industry.  Along with reinstating FCC spectrum auction authority, the legislation makes permanent many helpful provisions of the 2017 Tax Cuts and Jobs Act (TCJA)—which were set to expire this year—along with some notable changes to the tax landscape for businesses and consumers.  For communications infrast…

United States: Digital asset/blockchain industry implications of the One Big, Beautiful Bill Act (OBBBA) and other emerging federal legislation

In brief On July 4, 2025, the One Big, Beautiful Bill Act (“Act“) was signed into law, making important changes to the Internal Revenue Code (“Code“). The Act has implications for US and non-US companies and their domestic and international transactions, capital investment, and research and development activities, amongst other areas, which carry significant weight for the cryptocurrency/digital asset industry. From cryptocurrency exchanges, pay…