Wall Street Giants Back Texas Stock Exchange

Wall Street heavyweights BlackRock and Citadel announced they would back the emerging Dallas-based Texas Stock Exchange (TXSE), joining two dozen investors who have provided capital of about $120 million.

TXSE plans to file registration documents with the Securities and Exchange Commission later this year. It aims to start trading in 2025 and host listings in 2026.

TXSE positions itself as a “more CEO-friendly” alternative to the New York Stock Exchange and Nasdaq, hoping to attract global companies with lower compliance costs.

“Dallas has become one of, if not the most, dominant financial centers in the country, if not the world,” said James Lee, the CEO of TXSE Group.

Storms Kill County Official, Knock Out Power

Up to 80,000 East Texans are without power after strong storms moved through the region Monday night and Wednesday morning. 

Van Zandt County Commissioner Virgil Melton was killed when a tree fell on his truck as he and his wife were driving home from a canceled softball game. His wife Janice is in critical condition but reportedly stable.

Flooding has made several roads impassable, and fallen trees are strewn everywhere. In Tyler, a woman’s home was split in two when a huge tree fell on it. Photos of the damage can be viewed here. 

District Attorney Seeks to Overturn Daniel Perry Pardon

Travis County District Attorney José Garza asked the Texas Court of Criminal Appeals to overturn Gov. Abbott’s pardon of Daniel Perry, the Air Force veteran convicted of killing Black Lives Matter protester Garrett Foster in 2020.

Abbott pardoned Perry last month, citing the state’s “stand your ground law” and the state parole board’s determination that Perry, who was driving for Uber during the protest, had acted in self-defense. 

Garza’s request argues that Abbott exceeded his authority and violated the Texas Constitution’s separation of powers clause.

Perry’s lawyer dismissed the move as “political theater,” while Abbott said a reversal is “not gonna happen.”

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➤ Del Rio: Laughlin Air Force Base went into lockdown after a suspected human smuggler led law enforcement on a high-speed chase and crashed through the base’s fence. Authorities arrested two illegal immigrants from Guatemala after the driver bailed from the vehicle. (See Video)

➤ Dallas: A multi-vehicle crash on an overpass Wednesday morning sent an 18-wheeler plummeting, leaving it dangling by its rear axles. Traffic crews used a crane to lower the big rig to the ground, and the driver was transported to a hospital. (See Video)

➤ Edinburg: A judge overturned the election for City Commissioner Place 4 after determining that incumbent David White’s 10-vote margin of victory came from illegal ballots. That meant Gerardo “Gerry” Lozano was declared the actual winner. (See Details)

➤ San Antonio: The state appointed a conservator to oversee Great Hearts Texas, a San Antonio charter school network, after allegations of employee misconduct and failing to complete criminal background checks. (More)

➤ Rio Grande Valley: President Biden approved permits for new international bridges in Eagle Pass and Brownsville. The Puerto Verde Global Trade Bridge in Eagle Pass will accommodate freight rail and commercial traffic, while the Flor de Mayo Bridge in Brownsville is intended for passenger vehicles and pedestrians. (More)

➤ Amarillo: Former city employee Amy Dixon pleaded guilty to embezzling over $465,000 in federal funds designated for housing homeless people. (More)

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➤ The Longhorns lost to the Sooners 8-3 in Game 1 of the Women’s College World Series last night. After holding opponents scoreless during the tournament, UT’s softball team gave up three home runs to OU. Game 2 of the best-of-three series is tonight. (More)

➤ Houston Astros pitchers Cristian Javier and José Urquidy will have season-ending elbow surgery, dealing a major blow to the team’s depleted rotation. (More)

➤ Texas A&M decided not to bring back the tradition of an on-campus bonfire as it gears up for its first football game against the University of Texas since 2011. In 1999, the huge bonfire collapsed, killing 12 students and injuring 27. (More)

➤ Sunnyvale’s Claire Pease won last weekend’s U.S. junior all-around gymnastics championship. It’s the 15-year-old’s third major title this year. (See Photo)

➤ Yesterday’s results: MLB | WNBA | NCAA Softball | French Open

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➤ Construction machinery company JCB began work on a 720,000-square-foot factory Tuesday that’s expected to bring 1,500 jobs to San Antonio. (See Photo)

➤ Construction startup Icon has completed 95 of the 100 3D-printed homes in its Wolf Ranch development in Georgetown. The development is considered the world’s largest subdivision of 3D homes. (See Photos)

➤ Cruise is returning to Dallas with its driverless car service after pausing operations in Texas last year following an incident where one of its cars dragged a pedestrian in San Francisco. (See Photo)

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➤ A grapple truck was needed to remove a 12-foot-long alligator from a roadside ditch in Mont Belvieu. Animal control and the city’s public works department made the grab. (Watch Video) 

➤ SpaceX received authorization to launch the fourth flight test of its Starship mega-rocket, which is scheduled to lift off today from Boca Chica. (See Details)

➤ A hailstone measuring 7.25 inches in diameter, which appears to be the largest ever recorded in Texas, was found near Vigo Park in Swisher County on Sunday. (See Photos) 

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Have you ever seen a Space Shuttle or rocket launch in person?

1. Yes
2. No

Wednesday’s Results:

Will UT beat OU in the Women’s College World Series?

1. 1. Yes: 56.5%
   2. No: 43.5%

How many Texans served in World War II?

Show me the answer