Surprised to hear so little about this: Section 174 is (mostly) reversed!! This is a BIG deal! The tax change that plagued US tech businesses (and handcuffed the US tech industry) since 2023 has now been reversed... mostly. More in @Pragmatic_Eng:

As an outcome from the change: US tech companies are disincentivized to hire abroad (all R&E expenses - basically, anything software - mandated to be amortized over 15 years) Expect US companies to hire more in the US, and less outside. Good or bad, depends where you're based!