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MustReadTexas.com [ [link removed] ] – @MustReadTexas [ [link removed] ]
BY: @MattMackowiak [ [link removed] ]
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WEDNESDAY || 6/4/2025
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“If something of importance is known in Texas, Matt knows it. With a decline in the number of credible news organizations, the Must Read Texas morning email is indispensable for anyone that wants to continue to be informed.” – Former U.S. Senator Phil Gramm (R-TX)
AUSTIN NEWSLETTER LAUNCHED
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TOP NEWS
“Texas Stock Exchange stands by 2026 debut,” via Bloomberg wire – “Texas Stock Exchange [ [link removed] ] is on track to make its debut as a trading venue early next year as its powerful rivals intensify their push into the state, said Jeb Hensarling, an adviser to the proposed marketplace and former U.S. congressman.
After the start of trading, the upstart exchange aims eventually to add dual listings, initial public offerings and exchange-traded products, Hensarling said Tuesday in an interview with Bloomberg Television. The TXSE is seeking federal regulatory approval as a national securities exchange after applying earlier this year [ [link removed] ].
TXSE is trying to carve out a niche as the New York Stock Exchange and Nasdaq fortify their footprints in the state. The NYSE, which recently moved its Chicago equities exchange to Texas, has announced a series of dual listings in recent weeks, while Nasdaq set up a regional headquarters in Dallas earlier this year.
Their sharpened focus underscores the state’s efforts to attract more business and capital, said Hensarling, a Republican who led the House Financial Services Committee as a congressman from Texas. State lawmakers recently passed measures to strengthen a new system of business courts and raised the threshold for shareholders to start certain proxy fights.
In November, voters will weigh a ballot measure that would add a ban on financial transaction taxes to the state constitution.
“Texas is the place in America where people want to go to do business,” Hensarling said." DMN [ [link removed] ] ($)
FREE SUBSCRIPTIONS HAVE ENDED: As of July 11, 2022, we have moved to a paywall for free subscribers. Free subscribers will only receive the top story in their morning email. Free subscribers will need to become paid subscribers to receive full story summaries.
TOP NEWS
“Texas Southern Athletic Director Kevin Granger accused of sexual assault in newly filed lawsuit” Hou Chron [ [link removed] ] ($)
#TXLEGE
Editorial: “The Legislature got a lot right this session. Here are the highlights” DMN [ [link removed] ] ($)
“There Are Limits to Republican Lawmakers’ Reach, Even in Texas” NY Times [ [link removed] ]
“Texas on cusp of opening medical cannabis program to chronic pain sufferers” SAEN [ [link removed] ] ($)
STATE GOVERNMENT
“Gov. Greg Abbott has until June 22 to sign or veto bills. Here are 6 things to know” DMN [ [link removed] ] ($)
LOCAL GOVERNMENT
“Whitmire supports Texas bill that would reverse some Houston pension reforms, alarming experts” Hou Chron [ [link removed] ] ($)
2025
“More than $1 million in PAC spending floods San Antonio's mayoral runoff” SAEN [ [link removed] ] ($)
2026
“Voters will have final say on billions of tax cuts for Texas homeowners, businesses” Texas Tribune [ [link removed] ]
“How much money do Lina Hidalgo and other Harris County officials have in their campaign accounts?” Hou Chron [ [link removed] ] ($)
BUSINESS NEWS
“Memorial Hermann Cypress Hospital set for $277.5 million expansion in fall” Hou Chron [ [link removed] ] ($)
TEXANS IN DC
“Area congressmen urge Hegseth to put new command in San Antonio” SAEN [ [link removed] ] ($)
NEWS FROM AROUND THE STATE
> TX TRIB: "Voters will have final say on billions of tax cuts for Texas homeowners, businesses" TX TRIB [ [link removed] ]
> HOU CHRON: "Renewable energy survived Texas attacks. Its future now depends on Trump." HOU CHRON [ [link removed] ]
> FWST: "Protesters rally against redrawing Tarrant County precinct lines" FWST [ [link removed] ]
> HOU CHRON: "Texas bill that reverses Houston pension reforms is 'mind boggling,' experts say" HOU CHRON [ [link removed] ]
> THE TEXAN: "Border, Immigration Legislation Roundup: Bills Taken Up During 89th Session" THE TEXAN [ [link removed] ]
> COMMUNITY IMPACT: "Texas voters will have final say on tighter bail rules after Gov. Abbott signs 3 bills into law" COMMUNITY IMPACT [ [link removed] ]
> DMN: "Musk calls Trump’s big tax break bill a ‘disgusting abomination’" DMN [ [link removed] ]
> HOU CHRON: "Mars prioritized by Trump administration in detailed NASA budget" HOU CHRON [ [link removed] ]
> FWST: "What is the ‘Frat House Bill’ and how will it impact North Texas?" FWST [ [link removed] ]
> FWST: "Political officials, residents speak before vote on proposed Tarrant redistricting" FWST [ [link removed] ]
> FWST: "Protesters call Tarrant County’s redistricting effort ‘racial gerrymandering’" FWST [ [link removed] ]
> EP TIMES: "The 2025 regular Texas legislative session is over. Here’s what lawmakers did." EP TIMES [ [link removed] ]
> THE TEXAN: "Abortion Legislation Roundup: Bills Taken Up During 89th Session" THE TEXAN [ [link removed] ]
> AAS: "Texas Legislature OKs sweeping higher education reform bill. Here's how SB 37 will affect faculty senates, regents' authority." AAS [ [link removed] ]
> THE TEXAN: "Texas Legislature Finalizes $338 Billion 2026-2027 Biennial Budget" THE TEXAN [ [link removed] ]
> KXAN: "Taylor Pride denied city proclamation after 4 years of approvals, sparking backlash, petition" KXAN [ [link removed] ]
> THE TEXAN: "Here’s a Look at the Status of Dan Patrick’s Texas Senate Legislative Priorities" THE TEXAN [ [link removed] ]
> EP TIMES: "Bill to scrap STAAR test dies in the Texas Legislature" EP TIMES [ [link removed] ]
> DMN: "Dallas PD told not to enforce controversial prostitution ordinance even after revisions" DMN [ [link removed] ]
> AAS: "When is daylight saving time in 2025? How the 'Texas Time' bill could end the practice" AAS [ [link removed] ]
> EP TIMES: "Texas Supreme Court rules in AG's favor in Annunciation House lawsuit" EP TIMES [ [link removed] ]
> COMMUNITY IMPACT: "Council, community members seek to tap breaks on Austin police data collection program" COMMUNITY IMPACT [ [link removed] ]
> MRT: "Lawmakers visit Permian Basin oil sites, discuss energy and jobs" MRT [ [link removed] ]
> KXAN: "Abbott signs bail reform in to law in Houston" KXAN [ [link removed] ]
> KXAN: "License plate reader vote postponed amid community, council concerns" KXAN [ [link removed] ]
> COMMUNITY IMPACT: "‘Somewhere they belong’: The Arc of Katy expands opportunities for adults with developmental disabilities" COMMUNITY IMPACT [ [link removed] ]
> HOU CHRON: "Supreme Court ruling sparks fear among Houston immigrants as Trump halts parole program" HOU CHRON [ [link removed] ]
> KXAN: "Round Rock High School students create AI detecting app to help teachers" KXAN [ [link removed] ]
> AAS: "What are Silver, CLEAR Alerts? Texas DPS looking for missing persons Garry Foerster, La'Tiuna Johnson" AAS [ [link removed] ]
> THE TEXAN: "DACA Recipient Sentenced for Smuggling Firearms to Mexico from Texas" THE TEXAN [ [link removed] ]
EXTRA POINTS
Last night's Texas sports scores:
> MLB: Houston 3, Pittsburgh 0
> MLB: Tampa 5, Texas 1
> WNBA: Seattle 83, Dallas 77
Tonight's Texas sports schedule:
> 5:40pm: MLB: Houston at Pittsburgh
> 6:35pm: MLB: Texas at Tampa
> 7pm: NCAAW: Texas vs. Texas Tech (0-0) (ESPN)
Tomorrow's Texas sports schedule:
> 5:40pm: MLB: Houston at Pittsburgh
> 6:35pm: MLB: Texas at Tampa
> 7pm: NCAAW: Texas vs. Texas Tech (Game 2) (ESPN)
TEXAS / TEXAS TECH SOFTBALL: “Texas vs Texas Tech: NiJaree Canady, Teagan Kavan could decide WCWS" AAS [ [link removed] ] ($)
HOUSTON ASTROS: “Astros’ McCullers gets first win since 2022 after overcoming injuries, death threats” AP [ [link removed] ]
TEXAS RANGERS: "Rasmussen extends scoreless streak to 23 innings as Rays beat Rangers 5-1" AP [ [link removed] ]
TEXAS RANGERS: "Rangers activate outfielder Evan Carter off the 10-day injured list after quad strain" AP [ [link removed] ]
DALLAS WINGS: “The Storm snap a 3-game losing streak with an 83-77 victory over the Wings" AP [ [link removed] ]

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