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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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GOP Rep. Tony Gonzales of Texas ends reelection bid after admitting to affair with aide

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GOP Rep. Tony Gonzales of Texas ends reelection bid after admitting to affair with aide


FILE – Rep. Tony Gonzales, R-Texas, speaks during a news conference Dec. 7, 2022, on Capitol Hill in Washington.

Mariam Zuhaib/AP


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Mariam Zuhaib/AP

WASHINGTON — Republican Rep. Tony Gonzales of Texas said late Thursday he was withdrawing from his reelection race, after having admitted an affair with a former staff member who later died by suicide, but he vowed to finish out his term in Congress.

He had faced calls from GOP leadership to end his reelection bid, and from others in Congress to resign.

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“After deep reflection and with the support of my loving family, I have decided not to seek re-election,” Gonzales said in a statement posted late Thursday to X.

The move is the latest in a quickly changing situation that stunned Capitol Hill and resulted in a House Ethics Committee investigation into his conduct. Gonzales’ decision to bow out of the race appears to clear the field. On Tuesday, he had been forced into a May runoff against Brandon Herrera, a gun manufacturer and YouTube gun-rights influencer who narrowly lost to him in the 2024 primary.

House Speaker Mike Johnson and the GOP leadership earlier Thursday had called on Gonzales to withdraw from reelection after Gonzales, a day earlier, acknowledged a relationship that has upturned the political world in his home state and in Washington.

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“We have encouraged him to address these very serious allegations directly with his constituents and his colleagues,” said Johnson, Majority Leader Steve Scalise, Whip Tom Emmer, and GOP Conference Chairwoman Lisa McClain in a statement.

“In the meantime, Leadership has asked Congressman Gonzales to withdraw from his race for reelection.”

Johnson, R-La., has been under enormous pressure from his own GOP lawmakers to take action, and several Republicans have already called for Gonzales to step aside. Rep. Anna Paulina Luna, R-Fla., has introduced two resolutions to punish Gonzales. The first seeks to remove him from his assignments on the House Appropriations and Homeland Security committees, while the second seeks to censure him.

House Democratic Leader Hakeem Jeffries of New York, meanwhile, said he would support expelling Gonzales from the House, a rare step that requires a two-thirds vote from the chamber.

GOP leaders notably did not call for Gonzales to resign from office as they struggle to maintain their slim majority in the House, which they hold by only a handful of seats.

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Their move came after Gonzales, appearing on the “Joe Pags Show,” was asked whether he had a relationship with the aide, Regina Ann Santos-Aviles.

Santos-Aviles, 35, died after setting herself on fire in the backyard of her home in Uvalde, Texas. The Bexar County Medical Examiner’s Office later ruled her death a suicide.

“I made a mistake and I had a lapse in judgment, and there was a lack of faith, and I take full responsibility for those actions,” Gonzales said.

The congressman, now in his third term, had said he would not step down in response to the allegations, telling reporters recently that there will be opportunities for all the details and facts to come out.

Gonzales, a father of six, first won his seat in 2020 after retiring from a 20-year career in the Navy that included time in Iraq and Afghanistan.

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In the interview broadcast Wednesday, Gonzales said he had not spoken to Santos-Aviles since June 2024. She died in September 2025.

“I had absolutely nothing to do with her tragic passing, and in fact, I was shocked just as much as everyone else,” Gonzales said.

Gonzales went on to say he had reconciled with his wife, Angel, and has asked God to forgive him. He also said he looked forward to the Ethics Committee investigation.

Johnson and GOP leadership urged that committee to “act expeditiously.”

Under House ethics rules, lawmakers may not engage in a sexual relationship with any employee of the House under their supervision.

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Andrew McCutchen, 39, and the Texas Rangers agree to a minor league contract, AP source says

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Andrew McCutchen, 39, and the Texas Rangers agree to a minor league contract, AP source says


The Texas Rangers and veteran outfielder Andrew McCutchen agreed to a minor league contract on Thursday, a person with knowledge of the deal told The Associated Press.

The person confirmed the agreement to the AP on condition of anonymity because the contract had not been finalized and a physical exam still needed to be completed. The 39-year-old McCutchen would make $1.5 million this season while playing in the major leagues if he’s added to the 40-man roster, the person said.

McCutchen has three weeks of spring training to show the Rangers he’s worth a spot. They’re well-positioned in the outfield with rising standouts Wyatt Langford in left field and Evan Carter in center field and veteran newcomer Brandon Nimmo in right field.

Still, Carter was limited by injuries to 63 games in 2025, so depth is a concern that McCutchen could help alleviate. His right-handed bat could also serve as a natural complement at the designated hitter spot, where left-handed hitter Joc Pederson is slated for the bulk of the playing time.

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McCutchen played the last three seasons for the Pittsburgh Pirates, the club that drafted him in the first round in 2005 and promoted him in 2009 for his major league debut. McCutchen played his first nine years in MLB with the Pirates, making five straight All-Star teams and winning the 2013 National League MVP award while becoming one of the most popular players in that franchise’s history.

McCutchen bounced around with four other teams between 2018 and 2022, before reuniting with the Pirates. He played in 135 games last season, with 13 home runs, 57 RBIs and a .700 OPS. When the Pirates reported to spring training last month, general manager Ben Cherington publicly kept the door open to bringing back McCutchen, but the signing of veteran Marcell Ozuna effectively eliminated a spot on their roster for him.

“No matter what, Andrew’s a Pirate and certainly our desire will be to continue to have a really strong relationship with him into the future, whatever that looks like,” Cherington said then.

AP Baseball Writer Ronald Blum contributed to this report.

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More severe weather possible in North Texas on Friday

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More severe weather possible in North Texas on Friday


Severe storms are moving across North Texas Wednesday night with strong winds and hail in parts of Kaufman and Wise counties. A brief break arrives on Thursday before a higher threat for large hail, damaging winds, and isolated tornadoes returns Friday.



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