Texas
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.
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.
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.
“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.
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.
Texas
NBA Draft 2026: Chicago Bulls draft Texas standout Dailyn Swain at No. 15
NEW YORK, NEW YORK – JUNE 23: NBA commissioner Adam Silver shakes hands with Dailyn Swain after he is drafted fifteenth overall by the Chicago Bulls during Round One of the 2026 NBA Draft at Barclays Center on June 23, 2026 in New York City. (Photo b
AUSTIN, Texas – Former Texas standout Dailyn Swain was selected by the Chicago Bulls with the 15th overall pick in the 2026 NBA Draft on Tuesday night.
What we know:
Swain is a 6-foot-8, 225-pound wing that emerged as one of college basketball’s biggest risers during his lone season with the Longhorns. He transferred to the University of Texas from Xavier University in Ohio. The 20-year-old led Texas in points, rebounds, assists and steals while helping establish himself as a first-round prospect.
By the numbers:
Swain averaged 17.7 points, 7.3 rebounds, 3.4 assists and 1.8 steals per game during the 2025-26 season. His versatility on both ends of the floor made him one of the nation’s most productive all-around players.
Dailyn Swain #3 of the Texas Longhorns dunks the ball against the Gonzaga Bulldogs during the second round of the 2026 NCAA Men’s Basketball Tournament held at Moda Center on March 21, 2026 in Portland, Oregon. (Photo by C. Morgan Engel/NCAA Photos v (Getty Images)
Dig deeper:
As an Ohio native, Swain starred at Africentric Early College in Columbus. He entered the 2025-26 college basketball season largely outside first-round draft projections but steadily climbed the draft boards with his strong play.
Known for his physical frame, defensive versatility and playmaking ability, Swain can impact games in a variety of ways. Outside shooting remains an area for development after he shot 31.7% from 3-point range last season, but evaluators still view him as an NBA-ready wing capable of contributing immediately.
What’s next:
Swain becomes the latest Texas player selected in the NBA Draft and joins a Bulls team looking to add size, toughness and versatility on the perimeter.
The Source: Information in this article was provided from live coverage of the 2026 NBA Draft.
Texas
8 convicted of terrorism charges in Texas immigration center shooting sentenced to decades in prison
FORT WORTH, Texas (AP) — A demonstrator who shot and wounded a police officer outside a Texas immigration center last July 4 was sentenced to 100 years in federal prison Tuesday, while other protesters accused of having links to antifa were given multiple decades in federal prison.
Benjamin Song was convicted of attempted murder last March after prosecutors say he opened fire and wounded a police officer at the Prairieland Detention Center in Alvarado.
The seven other protesters sentenced Tuesday received prison terms ranging from 30 to 70 years.
“Our issue with this case has always been this isn’t a bunch of terrorists. This is a bunch of kids and young adults who really have a really big heart and really wanted their voice to be heard,” Philip Hayes, Song’s attorney, said outside the federal courthouse in Fort Worth. “It was never intended that anybody get hurt. It was never intended that any shots would be fired.”
He said his client would appeal the sentencing.
“Song, aside from this day, has had an impeccable life. A former Marine. A good student,” Hayes said. “He had a lot of good qualities that were just ignored. The judge went ahead and gave as much as he could.”
One of the defendants, Daniel Sanchez Estrada, was convicted of corruptly concealing a document and conspiracy to conceal documents. Others pleaded guilty to providing material support to terrorists rather than take their case to trial.
Prosecutors say the eight are members of antifa, a decentralized anti-fascist organization that has become a target of the Trump administration. They have denied any affiliation and maintain they attended the demonstration to show support for immigrants inside the detention center.
President Donald Trump last fall signed an executive order designating antifa a domestic terrorist organization, even though there is no domestic equivalent to the State Department’s list of foreign terror organizations.
Critics warn the case could have wide-reaching impact on protests given that organizations operating within the U.S. are supposed to be protected by First Amendment free-speech rights.
Short for “anti-fascists,” antifa is not a single organization but rather an umbrella term for far-left militant groups that confront or resist neo-Nazis and white supremacists at demonstrations.
Last week, federal prosecutors charged 15 people with impeding the Trump administration’s immigration crackdown in Minnesota. They claimed the demonstrators were members of antifa who conspired against the federal government to block arrests and deportations by setting up blockades around government buildings and throwing chunks of ice at federal vehicles, among other actions.
Marcelo reported from New York.
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Texas
Paxton, Trump adviser’s org win bid to block immigration rule
A federal judge in Texas blocked a Biden administration rule on Monday that allowed immigration judges to indefinitely close a deportation case against immigrants on the same day Texas sued to stop the rule.
The rule, which was adopted in 2024, allowed immigration judges to close a deportation case after hearing arguments from the federal government and the immigrant in deportation proceedings, especially if the person could qualify for a benefit that allows them to stay in the country legally.
But on Monday, Texas Attorney General Ken Paxton filed a lawsuit in the Northern District of Texas in Wichita Falls to block the rule with U.S. Judge Reed O’Connor, who was appointed by former President George W. Bush.
The lawsuit against the U.S. Department of Justice was also co-filed by America First Legal Foundation, an organization founded by Stephen Miller, a senior adviser to President Trump who has focused on ways to limit both legal and illegal immigration to the country. America First Legal Foundation also previously filed various lawsuits representing Paxton against the Biden administration’s immigration policies, which helped derail President Biden’s immigration agenda in his lone term.
In this latest complaint, Paxton’s office said in the 43-page lawsuit that the Biden-era rule “effectively grant(s) indefinite amnesty to aliens illegally present in this country.”
Lawsuits usually take several months to years to settle, but in this case O’Connor ruled late on Monday in favor of Texas after the Department of Justice filed its response saying it agreed with Paxton’s office.
Paxton’s office and the DOJ did not respond to immediate requests for comment.
President Trump, in keeping with his campaign promise, has cracked down on immigrants, using many of the federal government’s resources to limit immigration and fast-track deportations, including undocumented people and others who were allowed to be in the U.S. by previous administrations.
O’Connor has been known as conservative leaders’ favorite judge because he has routinely ruled in favor of Paxton, who has strategically filed lawsuits against the Obama and Biden administration.
The fast-paced end to the rule echoes a similar maneuver conducted by the DOJ and Paxton’s office last year, when the federal agency sued Texas over a law allowing undocumented students to qualify for lower tuition rates at public universities. Hours after the suit was filed, Texas also asked Judge O’Connor to find the law unconstitutional, which he did.
After the law was overturned, legal experts said a state working with the federal government so closely for the swift overturning of a state law was unusual and raised questions about collusion.
The quick resolution to the case late on Monday was heavily criticized by immigration law experts.
“This is madness! Deliberate collusion with a federal judge to rapidly erase regulations without any input from affected parties,” said Aaron Reichlin-Melnick, a senior fellow with American Immigration Council, a group in Washington, D.C., that advocates for immigrants. “It’s clearly an unlawful act by all, and now litigants will have to seek to intervene in the already-completed lawsuit to overturn his actions.”
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