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Truth Social owner Trump Media becomes first company listed on NYSE Texas — handing early win to exchange

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Truth Social owner Trump Media becomes first company listed on NYSE Texas — handing early win to exchange


Trump Media & Technology Group said on Monday it has become the first company to be listed on NYSE Texas, handing an early boost to the exchange as it gears up for fierce competition in the Lone Star state.

The company, which operates Truth Social and is primarily owned by President Trump, said it will also list its warrants on the Texas exchange. Its primary listing, however, will remain on the Nasdaq.

The move could bolster Intercontinental Exchange-owned NYSE, which on Monday became the first exchange to operate in Texas.

Trump Media is the parent company of social-media platform Truth Social. NurPhoto via Getty Images

The state is home to the largest number of companies listed on the New York Stock Exchange, with a combined market value of over $3.7 trillion, and is now seeing rising competition for market dominance among stock exchanges.

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NYSE will have to contend with rival Nasdaq, which promised to open a regional headquarters in the state earlier this month, and the Texas Stock Exchange, a venture backed by heavyweights including BlackRock and Citadel Securities.

The Texas Stock Exchange submitted paperwork in January to operate as a national securities exchange, and is eyeing a launch in 2026.

Texas Gov. Greg Abbott announces the Texas Stock Exchange leaders at the Governor’s Mansion in Austin in September. ZUMAPRESS.com

“This listing, alongside our plans to reincorporate in Florida, shows we’re part of a growing movement to take our business to states that value free enterprise and personal freedom,” said Trump Media CEO Devin Nunes.

Trump Media is a popular stock on retail trading forums and has often seen wild bouts of volatility in the past, such as around the election in November.

Securing the listing is a major win for the NYSE, but some consider the move “symbolic” – a perception that the exchange will likely need to change, while also strengthening liquidity.

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President Trump is Trump Media’s majority shareholder. Getty Images

Still, the growing competition between listing venues could strengthen the state’s emergence as a financial hub and a challenger to New York.

“The Texas business-friendly environment — lack of all the political issues and a stronger focus on what business should be — has a really unique position,” said Derek Wilson, co-founder of Dallas Opportunity Partners, an investor in the Texas Stock Exchange.

The announcement came on the heels of a filing late on Friday that BlackRock’s iShares division has filed for SEC approval to launch a Texas-focused exchange traded fund. The asset management giant did not disclose the exchange on which it proposes to list the ETF.

The fund will invest in stocks of companies headquartered in Texas that make up the Russell Texas Equity Index, a subset of the Russell 3000 index Unless regulators block or delay the offering, it could begin trading by early June.

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Texas Republican hits back after Trump Jab: “New phone. Who dis?”

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Texas Republican hits back after Trump Jab: “New phone. Who dis?”


Former Texas House Speaker Dade Phelan hit back at President Donald Trump’s criticism of him on Tuesday about his retirement from politics, saying, “New phone. Who Dis?”

Why It Matters

The strained relationship between Trump and Phelan continues to potentially underscore divisions within the Republican Party, particularly in Texas.

Trump’s previous attempts to unseat Republicans who may have crossed him, coupled with Phelan’s survival against a Trump-endorsed primary challenger, highlighted the ongoing power struggle between establishment figures and Trump-aligned conservatives.

What To Know

In 2024, Phelan fended off a fierce primary runoff challenge from David Covey, who had received an explicit endorsement from President Trump. Phelan secured victory in the GOP runoff, despite Trump rallying support for Covey.

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President Trump’s opinion toward Phelan—who represented Texas House District 21 and served as Speaker from 2021 until 2025— potentially originated in 2023 when Phelan led the failed Texas House impeachment of Republican Attorney General Ken Paxton, a high-profile Trump ally.

Trump has previously described Phelan’s impeachment of Paxton as “fraudulent” and an “absolute embarrassment” in prior Truth Social posts.

Taking to Truth Social on Tuesday, Trump took a new swipe at Phelan, saying, “Fortunately for the Great State of Texas, their Former Speaker, who is no longer Speaker, Dade Phelan, is quitting Politics. He was the one responsible for killing every Bill having to do with Voter Integrity and School Choice. Good luck in your next life, Dade!”

Phelan hit back on X on Tuesday, saying, “New phone. Who dis?”

Loading twitter content…

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What People Are Saying

D. Stephen Voss, political science professor at the University of Kentucky, to Newsweek via email on Tuesday night: “Trump has shown a consistent desire to remake the Republican Party in his image. Phelan did not toe the line, on occasion leading the Texas statehouse in a bipartisan way. In particular, Phelan cooperated in the impeachment of Republican Attorney General Ken Paxton, one of the leading contenders for a Texas seat in the U.S. Senate.”

Voss continued: “For Trump to take swipes at Phelan is consistent with his past behavior. The bigger question is whether Trump’s unnecessary rhetorical volley at Phelan is a sign that he might wade into the Republican Senate primary on Paxton’s behalf, given that Paxton is thought to be neck and neck with incumbent Senator John Cornyn in the Republican Senate primary.”

Phelan in August on X announcing his retirement: “This video from Chuck Norris about my retirement in 2026 is my last #txlege House political ad. paid for by Texans for Dade. May God Bless the House and may God Bless the Great State of Texas! #HD21 #SETX”

Trump on Truth Social last year backing Covey: “David Covey is running against Dade Phelan, the Speaker of the Texas House of Representatives, who led the Fraudulent Impeachment of the recently re-elected, in a landslide, Attorney General of Texas, Ken Paxton. David is an America First Conservative who will Secure the Border, Restore Election Integrity, Protect our Families and Military/Vets, and Defend our under siege Second Amendment.”

The president continued, “David Covey has my Complete and Total Endorsement for Texas’ 21st State House District—He will never let you down! Any Republican backing Phelan is a fool, and should be disassociated from the Republican Party — that’s how bad Phelan is, especially on, Election Integrity!”

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What Happens Next

Phelan’s retirement will leave a vacancy in the Texas House, prompting speculation about who might succeed him and how the GOP will position itself in future legislative battles.

Dustin Burrows, a Phelan ally, has succeeded him as Speaker.

Update 11/11/25 11:05 p.m. ET: This article has been updated with comment from D. Stephen Voss.



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Families sue Camp Mystic over deadly Texas flood, allege negligence and profit motive

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Families sue Camp Mystic over deadly Texas flood, allege negligence and profit motive


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Families of seven girls and camp counselors killed in the July 4 Camp Mystic flood in Hunt, Texas, have filed a wrongful death and negligence lawsuit, alleging the camp’s owners ignored flood risks and state safety rules to protect profits.

The lawsuit, filed Nov. 10 in Travis County District Court by attorney R. Paul Yetter of Yetter Coleman LLP, names the families of Anna Margaret Bellows, Lila Bonner, Chloe Childress, Molly DeWitt, Katherine Ferruzzo, Lainey Landry and Blakely McCrory — all of whom died in the catastrophic flooding.

The 75-page petition claims Camp Mystic and its owners “put profit over safety” and “chose to house young girls in flood-prone areas to avoid the cost of relocating cabins.” It also accuses the camp of failing to create or follow an evacuation plan, despite state regulations requiring one.

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“Just such a tragedy hit our State on July 4, 2025,” the lawsuit reads. “When 25 campers and two counselors needlessly and tragically died in the floodwaters at Camp Mystic.”

CAMP MYSTIC MAKES CONTROVERSIAL DECISION ABOUT FUTURE OF TEXAS CAMP WHERE 27 DIED IN FLOODING

Camp Mystic is shown in Hunt, Texas on Wednesday, July 9, 2025. (Ashley Landis/AP Photo)

Camp Mystic spans 725 acres along the Guadalupe River in the Texas Hill Country, an area long known for deadly flash floods. The filing cites a 1990 interview with then-director Richard Eastland, who reportedly told the Austin-American Statesman, “I’m sure there will be other drownings. People don’t heed the warnings.”

According to the lawsuit, the camp ignored multiple warnings — from weather alerts, staff concerns, and its own experience. Counselors allegedly pleaded to evacuate girls from low-lying cabins but were told to “stay put because that’s the plan.”

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Aerial footage of Heart O’ the Hills in Kerr County, Texas after deadly flood. (Rep. Chip Roy via X)

TIMELINE DETAILED IN THE LAWSUIT:  

• 1:14 a.m. — National Weather Service issued a “life-threatening flash flood” warning.

• 1:45 a.m.–2:13 a.m. — Camp leaders Richard and Edward Eastland allegedly worked to move equipment instead of ordering an evacuation.

• 2:20 a.m. — Counselors reported water entering cabins but were instructed to remain inside.

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• 2:30–3:30 a.m. — Five cabins were evacuated to the Rec Hall; six others were left behind, including Nut Hut, Chatter Box, Wiggle Inn, Giggle Box, Twins, and Bubble Inn.

• 3:35–3:51 a.m. — Richard Eastland’s SUV was swept away as he tried to rescue girls from Bubble Inn; all 13 campers and two counselors in that cabin drowned.

• 3:35–4:09 a.m. — Eleven campers died in Twins Cabin after being told to stay because “the water would go back down.”

CAMP MYSTIC MAKES CONTROVERSIAL DECISION ABOUT FUTURE OF TEXAS CAMP WHERE 27 DIED IN FLOODING

A view inside a cabin at Camp Mystic, the site of where at least 20 girls went missing after flash flooding in Hunt, Texas, on July 5, 2025. (Ronaldo Schemidt/AFP via Getty Images)

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The petition argues that the girls could have safely evacuated within 60 seconds to higher ground if not ordered to remain in their cabins.

Families accuse Camp Mystic of gross negligence, premises liability, and intentional infliction of emotional distress. The filing also highlights a written policy stating: “In case of flood, all campers on Senior Hill must stay in their cabins… All cabins are constructed on safe, high locations.”

The lawsuit also alleges that camp administrators misled families after the disaster, telling them the girls were merely “unaccounted for” hours after the floodwaters receded.

A search and rescue volunteer holds a T-shirt and backpack with the words Camp Mystic on them in Comfort, Texas on July 6, 2025.   (Danielle Villasana for The Washington Post via Getty Images)

Adding to families’ anger, the lawsuit cites the camp’s decision to announce its reopening for the next summer season while one camper, Cile Steward, remained missing.

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The families are seeking more than $1 million in damages, including wrongful death and exemplary damages, and have requested a jury trial.



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How the Top 25 Fared in Week 11 of Texas High School Football

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How the Top 25 Fared in Week 11 of Texas High School Football


The regular season ended for Texas high school football on Saturday with Richmond Randle being the final Top 25 team to play.

There was only one showdown of Top 25 teams in Week 11. Humble Summer Creek picked up a 27-0 win over Galena Park North Shore in what was a showdown of top teams in Houston.

This will be the final Top 25 fared of the season. 

1. Southlake Carroll, idle

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2. Allen beat Plano East, 45-6

3. Richmond Dr. Thomas E. Randle beat Rosenberg Lamar Consolidated, 56-7

4. Austin Lake Travis beat Austin, 40-14

5. Celina beat Lake Dallas, 48-7

6. Aledo beat Denton, 77-0

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7. Fort Worth North Crowley beat Crowley, 27-6

8. Duncanville beat Cedar Hill, 29-0

9. Dallas South Oak Cliff beat vs. Dallas Thomas Jefferson, 48-0 

10. Prosper beat Plano West, 62-28

11. Galena Park North Shore lost to No. 12 Humble Summer Creek, 27-0

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FINAL: Humble Summer Creek Humbles Galena Park North Shore in District 23-6A Title Showdown; Scoring, Highlights

12. Humble Summer Creek beat No. 11 Galena Park North Shore, 27-0

13. Dripping Springs beat at Austin Westlake, 45-35

14. Carthage beat Brownsboro, 56-8

15. Spring Branch Smithson Valley beat Victoria East, 59-0

16. Dickinson beat Deer Park, 66-27

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17. Fort Bend Ridge Point beat Fort Bend Austin, 70-22

18. Pearland beat South Houston, 69-0

19. Iowa Colony beat Texas City, 40-7

20. Denton Billy Ryan beat North Richland Hills Birdville, 52-7

21. Port Arthur Memorial, Idle

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22. Prosper Walnut Grove beat Frisco Independence, 63-13

23. Brenham beat Belton, 49-28

24. Angleton beat Crosby, 31-7

25. Houston C.E. King beat Channelview, 76-7



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