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MustReadTexas.com – @MustReadTexas
BY: @MattMackowiak
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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)
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TOP NEWS
“Texas Stock Exchange stands by 2026 debut,” via Bloomberg wire – “Texas Stock Exchange 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.
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 ($)
TOP NEWS
“Texas Southern Athletic Director Kevin Granger accused of sexual assault in newly filed lawsuit” Hou Chron ($)
#TXLEGE
Editorial: “The Legislature got a lot right this session. Here are the highlights” DMN ($)
“There Are Limits to Republican Lawmakers’ Reach, Even in Texas” NY Times
“Texas on cusp of opening medical cannabis program to chronic pain sufferers” SAEN ($)
STATE GOVERNMENT
“Gov. Greg Abbott has until June 22 to sign or veto bills. Here are 6 things to know” DMN ($)
LOCAL GOVERNMENT
“Whitmire supports Texas bill that would reverse some Houston pension reforms, alarming experts” Hou Chron ($)
2025
“More than $1 million in PAC spending floods San Antonio's mayoral runoff” SAEN ($)
2026
“Voters will have final say on billions of tax cuts for Texas homeowners, businesses” Texas Tribune
“How much money do Lina Hidalgo and other Harris County officials have in their campaign accounts?” Hou Chron ($)
BUSINESS NEWS
“Memorial Hermann Cypress Hospital set for $277.5 million expansion in fall” Hou Chron ($)
TEXANS IN DC
“Area congressmen urge Hegseth to put new command in San Antonio” SAEN ($)
NEWS FROM AROUND THE STATE
> TX TRIB: "Voters will have final say on billions of tax cuts for Texas homeowners, businesses" TX TRIB
> HOU CHRON: "Renewable energy survived Texas attacks. Its future now depends on Trump." HOU CHRON
> FWST: "Protesters rally against redrawing Tarrant County precinct lines" FWST
> HOU CHRON: "Texas bill that reverses Houston pension reforms is 'mind boggling,' experts say" HOU CHRON
> THE TEXAN: "Border, Immigration Legislation Roundup: Bills Taken Up During 89th Session" THE TEXAN
> COMMUNITY IMPACT: "Texas voters will have final say on tighter bail rules after Gov. Abbott signs 3 bills into law" COMMUNITY IMPACT
> DMN: "Musk calls Trump’s big tax break bill a ‘disgusting abomination’" DMN
> HOU CHRON: "Mars prioritized by Trump administration in detailed NASA budget" HOU CHRON
> FWST: "What is the ‘Frat House Bill’ and how will it impact North Texas?" FWST
> FWST: "Political officials, residents speak before vote on proposed Tarrant redistricting" FWST
> FWST: "Protesters call Tarrant County’s redistricting effort ‘racial gerrymandering’" FWST
> EP TIMES: "The 2025 regular Texas legislative session is over. Here’s what lawmakers did." EP TIMES
> THE TEXAN: "Abortion Legislation Roundup: Bills Taken Up During 89th Session" THE TEXAN
> AAS: "Texas Legislature OKs sweeping higher education reform bill. Here's how SB 37 will affect faculty senates, regents' authority." AAS
> THE TEXAN: "Texas Legislature Finalizes $338 Billion 2026-2027 Biennial Budget" THE TEXAN
> KXAN: "Taylor Pride denied city proclamation after 4 years of approvals, sparking backlash, petition" KXAN
> THE TEXAN: "Here’s a Look at the Status of Dan Patrick’s Texas Senate Legislative Priorities" THE TEXAN
> EP TIMES: "Bill to scrap STAAR test dies in the Texas Legislature" EP TIMES
> DMN: "Dallas PD told not to enforce controversial prostitution ordinance even after revisions" DMN
> AAS: "When is daylight saving time in 2025? How the 'Texas Time' bill could end the practice" AAS
> EP TIMES: "Texas Supreme Court rules in AG's favor in Annunciation House lawsuit" EP TIMES
> COMMUNITY IMPACT: "Council, community members seek to tap breaks on Austin police data collection program" COMMUNITY IMPACT
> MRT: "Lawmakers visit Permian Basin oil sites, discuss energy and jobs" MRT
> KXAN: "Abbott signs bail reform in to law in Houston" KXAN
> KXAN: "License plate reader vote postponed amid community, council concerns" KXAN
> COMMUNITY IMPACT: "‘Somewhere they belong’: The Arc of Katy expands opportunities for adults with developmental disabilities" COMMUNITY IMPACT
> HOU CHRON: "Supreme Court ruling sparks fear among Houston immigrants as Trump halts parole program" HOU CHRON
> KXAN: "Round Rock High School students create AI detecting app to help teachers" KXAN
> AAS: "What are Silver, CLEAR Alerts? Texas DPS looking for missing persons Garry Foerster, La'Tiuna Johnson" AAS
> THE TEXAN: "DACA Recipient Sentenced for Smuggling Firearms to Mexico from Texas" THE TEXAN
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 ($)
HOUSTON ASTROS: “Astros’ McCullers gets first win since 2022 after overcoming injuries, death threats” AP
TEXAS RANGERS: "Rasmussen extends scoreless streak to 23 innings as Rays beat Rangers 5-1" AP
TEXAS RANGERS: "Rangers activate outfielder Evan Carter off the 10-day injured list after quad strain" AP
DALLAS WINGS: “The Storm snap a 3-game losing streak with an 83-77 victory over the Wings" AP
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