Connect with us

Technology

What Big Tech got out of Trump’s Big Beautiful Bill

Published

on

What Big Tech got out of Trump’s Big Beautiful Bill

The massive budget bill signed into law by President Donald Trump on Independence Day didn’t include everything on Big Tech’s wishlist, but the industry’s largest players stand to gain significantly from several provisions in the One Big Beautiful Bill Act.

The Republican-backed legislation is best known for its tax cuts on tips, deduction caps that could primarily benefit wealthy taxpayers, restriction on healthcare coverage for low-income and disabled Americans, cuts to renewable energy incentives, and tens of billions of dollars in funding to immigration enforcement. But it also includes restored tax deductions for research and development and other items that could benefit the tech industry, among other businesses.

In one high-profile fight, the tech industry failed to secure a moratorium on state AI laws, a proposal which had been supported by several trade groups and might have also affected a host of other state tech protections. But after months of lobbying from Congress to Mar-a-Lago, the industry will see slashed taxes and may receive new contracts from border enforcement funding, the Tech Oversight Project finds in a new report shared exclusively with The Verge. Some changes will likely benefit businesses of all sizes and sectors — while others may offer large companies in the tech industry the biggest benefits.

The budget bill essentially reverses a policy from Trump’s first term that limited how companies could write off research and development on their taxes. The 2017 Tax Cuts and Jobs Act (TCJA) forced companies to spread write-offs for domestic R&D costs across five years, rather than deducting them fully in the year they were incurred. Now, Congress is restoring the previous, more generous deduction setup, and small businesses can get retroactive tax write-offs for the last couple years when the changes — which took effect in 2022 — were in place.

In a recent report, Quartz linked the R&D deduction changes to the wave of layoffs across the industry, describing how it made it so companies could effectively only write off one-fifth of their R&D costs in the year they were incurred, rather than the full sum, making salaries for engineers and other high-skilled roles much more costly. The nonpartisan Institute on Taxation and Economic Policy (ITEP) found that in the three years in which the TCJA changes took effect, Alphabet, Amazon, Apple, Meta, and Tesla saw their tax bills rise a collective $75 billion as a result.

Advertisement

“The loss of full R&D expensing disincentivizes firms from significantly increasing their R&D investments”

So unsurprisingly, tech-backed groups like the Information Technology and Innovation Foundation (ITIF) and the Business Software Alliance (BSA) pushed to revert the rule. “The loss of full R&D expensing disincentivizes firms from significantly increasing their R&D investments because the cost of those investments has risen,” ITIF wrote in a blog post earlier this year.

Maintaining a lower corporate tax rate

Conversely, business groups successfully pleaded with lawmakers to keep a different change from the TCJA: a massive reduction in the corporate tax rate from 35 percent to 21 percent. In a letter to lawmakers last year, tech-backed Information Technology Industry Council (ITI) told lawmakers that the reduction had brought the US in line with peer countries, and provided US companies “a more level playing field against their international competitors,” which the nonprofit Tax Foundation found helped boost US investment. Democrats who have opposed the lower tax rates have framed it as a handout to corporate America.

Extending lower international tax rates

Advertisement

The new budget law also blocks a scheduled increase in the effective tax rates on things like the money companies make abroad based on US-based patents or other intangible assets.

These kinds of taxes — the base erosion and anti-abuse tax (BEAT), global intangible low-taxed income tax (GILTI), and the foreign-derived intangible income tax (FDII) — are generally meant to prevent shifty accounting practices like moving assets to a foreign subsidiary. Before the One Big Beautiful Bill Act passed, the effectively lowered rates through these three policies were set to expire at the end of 2025.

The tech industry argued protecting those low rates would keep US companies competitive with other countries, like France and the UK. “Several other nations already offer IP incentives,” ITI told lawmakers in an October letter. “It is essential that the FDII rate remains as low as possible.”

“The tax break disproportionately benefits large corporations with significant intellectual property portfolios”

But groups like the nonpartisan Financial Accountability and Corporate Transparency (FACT) Coalition and ITEP see lower rates for taxes like the FDII as a giveaway to the biggest players in the tech industry, which deal heavily in intangible assets like patents and trademarks.

Advertisement

“The tax break disproportionately benefits large corporations with significant intellectual property portfolios while doing little for smaller firms that lack similar assets,” ITEP wrote in a blog post last year, where it found that Google parent Alphabet reported over $11 billion in tax benefits from 2018 to 2023 as a result of the FDII.

Border protection funding could flow to tech

Alongside a significant budget increase for Customs and Border Protection (CBP) and other immigration-related funding, the law includes about $6 billion for border technologies, including surveillance systems. That money could flow to several large tech firms already engaged in the space.

Those include Peter Thiel-founded data company Palantir, which currently has a $30 million contract with Immigration and Customs Enforcement (ICE) to build “ImmigrationOS” to create “near real-time visibility into instances of self-deportation.” Thiel-backed Anduril also stands to gain if the agency expands infrastructure like the surveillance towers it already supplies to the government. MIT Technology Review reported in 2018 that Amazon Web Services hosted Department of Homeland Security (DHS) databases related to immigration, including a deep pool of biometric data.

Other tax-saving adjustments

Advertisement

Tech companies and other businesses will also benefit from changes in how business interest deductions are calculated, and a permanent extension of rules allowing companies to take a full deduction of certain equipment expenses. House Democrats have previously called this kind of tactic a “Tax Scam,” writing, “Two-thirds of the benefits go to corporations making over $250 million in revenue, and from 2018 through 2021, about two dozen of the largest corporations received roughly $50 billion in tax breaks through this provision.”

Some of the tax changes in the bill will benefit smaller firms and businesses across many different industries. But large tech companies are particularly well positioned to benefit from changes in how foreign profits on intellectual property are taxed and fuller R&D write-offs. After months of cozying up to the Trump administration with little to show for it, it looks like the largest players in the industry have finally notched some wins.

Technology

Amazon’s smart shopping cart for Whole Foods gets bigger, lighter, and adds tap-to-pay

Published

on

Amazon’s smart shopping cart for Whole Foods gets bigger, lighter, and adds tap-to-pay

Amazon is launching a revamped version of its smart shopping cart, which it plans to bring to dozens of Whole Foods locations by the end of this year, according to an announcement on Wednesday. The new Dash Cart features a “more responsive” item scanner that’s now located next to the built-in display, along with a new NFC reader that lets you tap to pay with your credit card or phone.

Amazon’s previous Dash Cart design put scanners beneath and in front of the handle, potentially making them harder to spot. It also only let you pay with the credit card attached to your Amazon account.

With the upgraded Dash Cart, you’ll find a new scale alongside the cart’s handle, which Amazon says “works in tandem with on-cart cameras, weight sensors, and deep learning models to ensure accurate pricing for every item.” The upgraded Dash Cart eliminates the large sensors facing inside the cart as well, offering a 40 percent larger capacity and a 25 percent lighter weight.

The Dash Cart shows an interactive map of the store on its display, similar to Instacart’s smart Caper Cart. You can sync your shopping list created with Alexa, too, and see how much you’re spending as you add more items to your cart. The cart uses built-in sensors and computer vision to detect when you’ve removed an item, allowing it to automatically update your total. When you’re done shopping, you can skip the checkout line and leave the store in a designated Dash Cart lane.

Amazon is launching its new Dash Cart as the company shakes up its grocery business, which has tied Whole Foods more closely to the Amazon brand. The company has already brought its new Dash Cart to three Whole Foods stores in McKinney, Texas; Reston, Virginia; and Westford, Massachusetts, along with two Amazon Fresh stores.

Advertisement
Continue Reading

Technology

Fake error popups are spreading malware fast

Published

on

Fake error popups are spreading malware fast

NEWYou can now listen to Fox News articles!

A dangerous cybercrime tool has surfaced in underground forums, making it far easier for attackers to spread malware. 

Instead of relying on hidden downloads, this tool pushes fake error messages that pressure you into fixing problems that never existed. Security researchers say this method is spreading quickly because it feels legitimate. The page looks broken. The warning feels urgent. The fix sounds simple. 

That combination is proving alarmingly effective for cybercriminals.

Sign up for my FREE CyberGuy Report
Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get instant access to my Ultimate Scam Survival Guide – free when you join my CYBERGUY.COM newsletter.

Advertisement

How fake error malware attacks actually work

These attacks begin with a compromised website. When a visitor lands on the page, something looks wrong right away. Text appears broken. Fonts look scrambled. Visual elements seem corrupted. A pop-up then appears claiming the issue can be fixed with a browser update or a missing system font. A button offers to repair the problem instantly. 

Clicking that button copies a command to the clipboard and displays instructions to paste it into PowerShell or a system terminal. That single step launches the infection.

MALICIOUS CHROME EXTENSIONS CAUGHT STEALING SENSITIVE DATA

Fake error popups make a website look broken by scrambling text or fonts to create urgency and panic. (Jens Büttner/picture alliance via Getty Images)

Why this new tool changes the threat landscape

The tool behind these attacks is called ErrTraffic. It automates the entire process and removes the technical barriers that once limited cybercrime operations. For about $800, attackers get a full package with a control panel and scripted payload delivery. Analysts at the Hudson Rock Threat Intelligence Team identified the tool after tracking its promotion on Russian-language forums in early December 2025. 

Advertisement

ErrTraffic works through a simple JavaScript injection. A single line of code connects a hacked site to the attacker’s dashboard. From there, everything adapts automatically. The script detects the operating system and browser. It then displays a customized fake error message in the correct language. The attack works across Windows, Android, macOS and Linux.

MOST PARKED DOMAINS NOW PUSH SCAMS AND MALWARE

The popups often claim a browser update or missing system font is needed to fix the problem. (Daniel Acker/Bloomberg via Getty Images)

Why security software struggles to stop it

Traditional malware defenses look for suspicious downloads or unauthorized installations. ErrTraffic avoids both. Browsers see normal text copying. Security tools see a legitimate system utility being opened manually. Nothing appears out of place. That design allows the attack to slip through protections that would normally stop malware in its tracks.

The success rate is deeply concerning

Data pulled from active ErrTraffic campaigns shows conversion rates approaching 60%. That means more than half of the visitors who see the fake error message follow the instructions and install malware. Once active, the tool can deliver infostealers like Lumma or Vidar on Windows devices. Android targets often receive banking trojans instead. The control panel even includes geographic filtering, with built-in blocks for Russia and neighboring regions to avoid drawing attention from local authorities.

Advertisement

What happens after infection?

Once malware is installed, credentials and session data are stolen. Those compromised logins are then used to breach additional websites. Each newly hacked site becomes another delivery vehicle for the same attack. That cycle allows the campaign to grow without direct involvement from the original operator.

FAKE WINDOWS UPDATE PUSHES MALWARE IN NEW CLICKFIX ATTACK

Following the on-screen instructions can quietly trigger malware that steals passwords and personal data. (Kurt Knutsson)

Ways to stay safe from fake error malware

A few smart habits can significantly reduce risk when facing fake error pop-ups and browser-based traps.

1) Never run commands suggested by a website

Legitimate websites never ask you to copy and paste commands into PowerShell or a system terminal. Fake error malware relies on convincing messages that pressure you into doing exactly that. If a page instructs you to run code to fix a problem, close it immediately.

Advertisement

2) Close pages that claim your system is corrupted

Fake error campaigns often use broken text, scrambled fonts or warnings about missing files to grab attention. As a result, these visuals create urgency and trigger fear. In reality, a real system problem never announces itself through a random website, so close the page right away.

3) Install updates only through official system settings

Real browser and operating system updates come from built-in update tools, not pop-ups on websites. If an update is needed, your device will notify you directly through system settings or trusted app stores.

4) Install strong antivirus software on every device

Strong antivirus software can help block malicious scripts, detect infostealers and stop suspicious behavior before damage spreads. This is especially important since fake error malware targets Windows, Android, macOS and Linux systems.

The best way to safeguard yourself from malicious links that install malware, potentially accessing your private information, is to have strong antivirus software installed on all your devices. This protection can also alert you to phishing emails and ransomware scams, keeping your personal information and digital assets safe.

Get my picks for the best 2025 antivirus protection winners for your Windows, Mac, Android and iOS devices at Cyberguy.com.

Advertisement

5) Use a data removal service to reduce exposure

Stolen credentials fuel the spread of fake error malware. Removing personal information from data broker sites can reduce the impact if login details are compromised and limit how far an attack can spread.

While no service can guarantee the complete removal of your data from the internet, a data removal service is really a smart choice. They aren’t cheap, and neither is your privacy. These services do all the work for you by actively monitoring and systematically erasing your personal information from hundreds of websites. It’s what gives me peace of mind and has proven to be the most effective way to erase your personal data from the internet. By limiting the information available, you reduce the risk of scammers cross-referencing data from breaches with information they might find on the dark web, making it harder for them to target you.

Check out my top picks for data removal services and get a free scan to find out if your personal information is already out on the web by visiting Cyberguy.com.

Get a free scan to find out if your personal information is already out on the web: Cyberguy.com.

6) Treat font and browser update pop-ups with suspicion

Claims about missing fonts or outdated browsers are a hallmark of these attacks. Modern systems manage fonts automatically, and browsers update themselves. A webpage has no reason to request manual fixes.

Advertisement

If a real update is needed, the operating system will request it directly. A random webpage never should.

Kurt’s key takeaways 

Fake error malware works because it plays on a very human reaction. When something on a screen suddenly looks broken, most people want to fix it fast and move on. That split-second decision is exactly what attackers are counting on. Tools like ErrTraffic show how polished these scams have become. The messages look professional. The instructions feel routine. Nothing about the moment screams danger. But behind the scenes, one click can quietly hand over passwords, banking access and personal data. The good news is that slowing down makes a real difference. Closing a suspicious page and trusting built-in system updates can stop these attacks cold. When it comes to pop-ups claiming your device is broken, walking away is often the smartest fix.

Have you ever seen a pop-up or error message that made you stop and wonder if it was real? Tell us what it looked like and how you handled it by writing to us at Cyberguy.com.

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

Sign up for my FREE CyberGuy Report 
Get my best tech tips, urgent security alerts and exclusive deals delivered straight to your inbox. Plus, you’ll get instant access to my Ultimate Scam Survival Guide – free when you join my CYBERGUY.COM newsletter. 

Advertisement

Copyright 2025 CyberGuy.com. All rights reserved.

Continue Reading

Technology

Intel is planning a custom Panther Lake CPU for handheld PCs

Published

on

Intel is planning a custom Panther Lake CPU for handheld PCs

Intel announced yesterday that it’s developing an entire “handheld gaming platform” powered by its new Panther Lake chips, and joining an increasingly competitive field. Qualcomm is hinting about potential Windows gaming handhelds showing up at the Game Developers Conference in March, and AMD’s new Strix Halo chips could lead to more powerful handhelds.

According to IGN and TechCrunch, sources say Intel is going to compete by developing a custom Intel Core G3 “variant or variants” just for handhelds that could outperform the Arc B390 GPU on the chips it just announced. IGN reports that by using the new 18A process, Intel can cut different die slices, and “spec the chips to offer better performance on the GPU where you want it.”

As for concrete details about the gaming platform, we’re going to have to wait. According to Intel’s Dan Rogers yesterday, the company will have “more news to share on that from our hardware and software partners later this year.” The Intel-based MSI Claw saw a marked improvement when it jumped to Lunar Lake, and hopefully the new platform keeps up that positive trend.

Continue Reading

Trending