Group 1 - The "Big and Beautiful" Act is expected to increase the U.S. deficit by over $3 trillion in the next 10 years and reduce tax revenue significantly, raising concerns about a potential debt crisis [3][4] - The Act includes a permanent tax cut from 2017, substantial cuts to Medicaid, and a one-time increase in the debt ceiling by $5 trillion, which will worsen the fiscal outlook for the U.S. [4][5] - The Act is seen as benefiting certain industries, including fossil fuel companies, semiconductor manufacturers, and defense contractors, while negatively impacting the renewable energy sector [6][6][6] Group 2 - The Act allows for new oil and gas lease auctions in federal lands and waters, restoring lower royalty rates and increasing subsidies for carbon capture projects [6] - Tax credits for semiconductor manufacturers will increase from 25% to 35%, incentivizing domestic production of key technologies [6] - The Pentagon plans to allocate approximately $150 billion over five years for large projects, which may benefit companies like Lockheed Martin and Palantir Technologies [6]