Good Morning! On this day in 1950, competitive diver Cynthia Ann Potter was born in Houston. She won a bronze medal in the 3-meter springboard in the 1976 Olympics and has been a longtime color commentator on the sport.
According to a DOJ attorney, Dallas-based AT&T is already part of an “oligopoly,” and now it’s getting even bigger. Check out our story in today’s Roundup, and let us know if you’ve ever been a customer in the Poll. Are you a fan of “Ma Bell”?
The modern-day gold rush? Check out today’s sponsor, EnergyX, which is offering an opportunity to invest in lithium extraction for battery technology.
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A Personal Note
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The Texas House approved several high-profile bills yesterday.
Senate Bill 12 aims to restore a power stripped from the attorney general in 2021, when the Texas Court of Criminal Appeals ruled that the Texas Constitution reserves the authority to prosecute election crimes to local district attorneys unless they request assistance.
House Bill 8 scraps the end-of-year STAAR test for three shorter tests administered at the beginning, middle, and end of the school year. Schools would not be allowed to administer practice tests, and the state would provide results as percentile ranks within two business days.
Senate Bill 3 requires municipalities in flood-prone areas specified by the Texas Water Development Board to install warning sirens and test them regularly. It also establishes a $50 million grant program to fund the initiative.
During a Tuesday House GOP Caucus meeting, Republican members voted to support a package of rules and legislative proposals to prevent future quorum breaks. They decided against retroactive penalties for their Democratic colleagues who left the state for two weeks earlier this month.
AT&T Buying Frequency Licenses for $23B
AT&T has agreed to acquire 50 MHz of spectrum licenses from Colorado-based EchoStar for $23 billion in an all-cash deal. The telecommunications giant indicated the purchase will facilitate the expansion of its 5G mobile network and wireless home internet service.
The deal addresses threats from the FCC to revoke EchoStar’s licenses for 20MHz of low-band and 30MHz of mid-band frequencies due to low usage. EchoStar, the parent company of Dish Network, will continue to operate its Boost Mobile service using AT&T’s cellular network.
Earlier this year, SpaceX alleged that EchoStar “barely uses” the spectrum reserved for its satellite service and urged the FCC to make it available to competitors. The criticism prompted FCC Chair Brendan Carr to launch an investigation and issue a warning to the company in May.
AT&T agreed to purchase Lumen Technologies’ consumer fiber operations for $5.75 billion earlier this year. The company has indicated that it plans to expand its fiber optics network with cash savings from Trump’s tax and spending bill.
1,720 Acres Acquired for New State Park
The Texas Parks and Wildlife Department (TPWD) has acquired 1,720 acres in Uvalde County to establish Bear Creek State Park, located less than a mile from the popular Garner State Park.
A Monday announcement touted the $33.5 million purchase as “another feather in the cap of the department for their efforts to provide more public spaces for Texans to recreate in the outdoors.”
Since January, TPWD has acquired more than 6,800 acres of parkland through a $1 billion conservation fund approved by voters in 2023.
The Hill Country site features numerous canyons and ridges and provides access to the Frio River, Spring Creek, and Bear Creek. It is home to a variety of wildlife, including the endangered golden-cheeked warbler.
Flying together with our sponsor
The Next Gold Rush
The demand for lithium is fueling a modern-day gold rush. Lithium is essential for batteries in electric cars, storing renewable energy, humanoid robots, and AI data center backup batteries. Demand for lithium is projected to soar 18x by 2040, creating a massive opportunity for investors. Elon Musk didn’t hold back when talking about the potential here: “Do you like minting money? Well, the lithium business is for you.”
Enter EnergyX. Their patented LiTAS® technology can extract up to 300% more lithium than traditional methods. They’ve already secured a partnership and strategic investment from General Motors and raised $140 million including earning a $5M Department of Energy grant.
➤ Starbase: SpaceX conducted its tenth Starship flight test yesterday evening, deploying eight dummy Starlink satellites. The booster and rocket made successful splashdowns in the Gulf of America and Indian Ocean. (More)
➤ Houston: A bomb squad exploded part of a World War I-era artillery shell that was found near Memorial Park on Monday. The park was once the site of Camp Logan, where 70,000 soldiers trained during WWI. (More)
➤ Uvalde CISD: The law firm representing the district admitted it had mistakenly released only a sample of emails and documents related to the Robb Elementary School shooting earlier this month, prompting the board of trustees to authorize the release of all records on Monday. (More)
➤ Kerr County: Commissioners tasked a five-person team with coordinating a project to install flood warning sirens along the Guadalupe River. The team will be led by Tom Moser, a former NASA engineer who advocated for such a system during his tenure as a commissioner. (More)
➤ Laredo: A Catholic priest was removed from his position after his visa expired, forcing him to return to Mexico. (More)
➤ Houston: Yunhai Li, a former researcher at MD Anderson Cancer Center, was arrested last month as he prepared to board a flight to China. Authorities found evidence of stolen research on his devices. (See Details)
➤ Leander ISD: The bus driver who was behind the wheel during a crash two weeks ago has been ticketed for failing to stay in his lane and wear a seat belt. Prosecutors determined criminal charges are not warranted. (More)
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➤ The Cowboys and Texans both finalized their 53-man rosters yesterday afternoon. (See Final Rosters)
➤ Five-star freshman wide receiver Jerome Myles will miss Texas A&M’s entire 2025 season with a lower-body injury. The Aggies will also be without offensive lineman Isendre “Papa” Ahfua, who suffered a season-ending leg injury. (More)
➤ Houston Texans running back Joe Mixon will miss at least the first four games of the NFL season as he recovers from a foot injury. (More)
➤ Several Dallas-area restaurants have become famous for hosting high-profile sports moments—including Ascension Coffee, where Nico Harrison met Lakers GM Rob Pelinka earlier this year to discuss the now-infamous Luka Doncic trade. (See Full List)
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➤ Critics have panned a new Southwest Airlines policy requiring flyers who “encroach upon the neighboring seat” to purchase an extra seat during booking. (More)
➤ Houston’s Crescent Energy is acquiring Tulsa-based Vital Energy in a $3.1 billion all-stock deal, forming one of the nation’s largest independent oil and gas producers. (More)
➤ USAA is asking the Supreme Court to review an appeals court decision that overturned a $218 million jury verdict for unauthorized use of its mobile check deposit patent. (More)
➤ The University of Texas signed a 16-year sponsorship agreement with Humann, an Austin-based supplements company formed using research performed at the school. (See Details)
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How General Motors Is Securing Lithium Supply
The world will need to produce 3.8 million tons of lithium per year by 2035 to meet the demand for electric vehicles. GM is turning to a startup to unlock a US-based lithium supply: EnergyX.
EnergyX’s patented LiTAS® technology can extract up to 300% more lithium than traditional methods. GM led a $50 million funding round in EnergyX earlier this year, and EnergyX is now opening up the opportunity to join them to all investors. Don’t miss out: Become an EnergyX shareholder today.
This is a paid advertisement for EnergyX’s Regulation A+ Offering. Please read the offering circular at invest.energyx.com/.
➤ Bird enthusiasts recently spotted a non-migratory species of flycatcher native to South America in Galveston. Experts surmise the yellow-bellied cattle tyrant stowed away on a ship. (More)
➤ Netflix House, an entertainment venue featuring immersive experiences based on some of the streaming giant’s most popular shows, is opening at the Galleria Dallas on Dec. 11. (See Details)
➤ Texas has the nation’s highest rate of auto loan holders making payments of $1,000 or more, according to a recent LendingTree analysis. More than 1 in 8 borrowers, or 12.8%, have four-figure monthly payments. (More)
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Priority Bills Advance
