A bill that, according to many , not only changes the course of the U.S. economy but also brings with it BOTH opportunities AND risks.
It may sound like something that only concerns the other side of the Atlantic, but the truth is that whatever America does… directly affects our investments. The U.S. remains the largest economy in the world, and whatever is decided there creates a domino effect on markets worldwide. And, as we’ll see, there are clear winners and losers.
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THE ONE BIG BEAUTIFUL BILL
The One Big Beautiful Bill Act, or OBBBA, passed in July and has already caused ripples on Wall Street.
It’s a massive package of fiscal measures that includes tax reforms, investment incentives, and above all, a clear shift from monetary policy to fiscal policy. In other words, the government is no longer relying solely on FED interest rates to control the economy but is taking action through direct spending.
Some have called it a “turning point.” America is now relying less on the FED and low interest rates, and more on targeted government spending. And these expenditures have a clear focus: national security, infrastructure, and technology. This is not simply a “pump money into the economy” move, but rather a restructuring of the very pillars of the economy.
About $150 billion will be directed toward defense — not only for weapons and infrastructure but also for cybersecurity and artificial intelligence. This is why companies like Palo Alto and CyberArk are expected to benefit — not traditional weapons makers, but the “digital shields” of the future.
SECTORS THAT WIN
And it’s not just cybersecurity. According to some, we are at the beginning of a new fiscal supercycle, based on industrial policy rather than temporary support packages. This means a shift in mindset, not just a one-off boost.
Practically speaking, this favors certain sectors directly tied to the strategic priorities of the bill. The main beneficiaries are:
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Defense and drones – OBBBA allocates significant investments to enhance defense capabilities and modernize military equipment.
Drones and cutting-edge tech are at the forefront of this shift. -
Infrastructure and logistics – Upgrading supply chains and physical infrastructure is considered critical for economic and national security. The bill supports projects that promote self-sufficiency and reduce dependence on foreign sources.
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Electrification and energy – The transition to cleaner energy forms requires investments in electric grids, energy storage, and related technologies. The government offers incentives to companies supporting this transition, provided they meet domestic production requirements.
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Technology and R&D – Generous tax breaks are given for research, innovation, and manufacturing restructuring. Companies focused on AI, data security, and automation are expected to benefit.
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Banks – Increased demand for loans to finance all these projects puts financial institutions in a key position.
Essentially, industrial and energy infrastructure stand out as the direct winners. On top of that, there’s full tax exemption for investments in R&D and production facilities. This means companies pay fewer taxes if they invest in technology and productive capacity — which naturally boosts the value of related stocks and attracts fresh investor interest.
AI, in particular, seems to be at the heart of it. From hardware to applications in logistics, healthcare, and national defense, the possibilities are vast. OBBBA sends a clear message: those who invest in technological innovation will have the full backing of the state.
SECTORS THAT LOSE
On the other hand, there are also losers — sectors that appear disadvantaged under the new framework.
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Clean energy –The expiration of tax exemptions for solar and wind is being accelerated.
Stricter limits are imposed on investments from “entities of concern” — companies linked to China, Iran, or Russia.
This is seen by some as a way to weaken Chinese competition, but it also restricts global cooperation on the green transition. -
Healthcare – Specifically, hospitals and healthcare management organizations. Lower reimbursement rates, rising costs, and tighter controls are squeezing profit margins.
As an investor I will keep an eye on the sectors that are going to get the most out of this bill and I will reduce positions from sectors that will lose from the bill. What are you going to do ?
Posted Using INLEO