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Monday, January 27, 2025

Good morning! On this day in 1899, legendary Texas Longhorns baseball head coach Bibb Falk was born in Austin. During his 25-year career with the team, he won 15 conference titles and tied for five more.

Dallas-Fort Worth has surpassed Austin as the Texas metro with the highest average rent. Check out the story in today's Roundup section to find out how much renters should expect to pay in the state's most expensive market.

Later today, we'll send you a special email featuring our partner, GoldCo, who offers free financial advice to help safeguard your retirement savings. We hope you find their offer valuable!

Today's sponsor is Mode Mobile, offering an investment opportunity in a smartphone company that is disrupting the market.

Texas House Bans Democrat Chairs

The Texas House approved new rules Thursday that prohibit Democrats from holding committee chairmanships. This ends the tradition of the minority party controlling some committees in the state legislature.

As a concession, Democrats will be appointed to all vice chair posts. Republican committee chairs will be required to consult with their Democratic vice chairs to schedule hearings, consider bills, and call witnesses.

A draft of the 232-page resolution outlining the new rules was provided to members Thursday morning, and it was put before the body for consideration that afternoon. While some members tried to propose amendments to the rules, State Rep. Jared Patterson (R-Frisco) used the "nuclear option" by moving to end debate and vote on the measure.

The rules were approved by a vote of 116-23, with only one Democrat opposing the resolution. The new rules consolidate several standing committees and create a new Delivery of Government Efficiency (DOGE) committee in an apparent move to mimic President Trump's cost-cutting initiative at the federal level.

DFW Passes Austin for Highest Rent

Austin is no longer the most expensive rental market in Texas, having recently ceded that status to Dallas-Fort Worth. According to data from real estate firms like Zillow, the average rent in DFW last month was $1,532, while Austin's was $1,512.

Several recent indicators point to a slowdown in growth in the state's capital, which has had the highest rents in Texas since 2015.

Between July 2022 and July 2023, more people moved out of Austin's Travis County than moved in for the first time in 20 years. Last month, the Texas Demographic Center estimated that Fort Worth's population has exceeded Austin's to become the state's fourth-largest city.

One factor affecting rental prices is the rate of new apartment construction. Over the past year and a half, builders have acquired permits for roughly 1,000 units per 100,000 residents in Austin, while Dallas-Fort Worth builders have acquired permits for about one-third of that figure.

Pig Organ Transplant Facility Coming to Houston

United Therapeutics Corp., a biotechnology company that supplies animal-based organs for transplantation in humans, plans to build a $96 million facility in Houston to house up to 200 genetically modified pigs.

A company representative described the pigs as "gene-edited organisms." They will be used for xenotransplantation, the process of transplanting non-human organs into humans. The pigs will be fed a vegetarian diet, and their living conditions must be certified by the U.S. Food and Drug Administration.

In November, a 53-year-old Alabama woman received a United-supplied pig kidney (called a UKidney) with 10 gene edits. Now the longest-living recipient of a pig organ transplant, Towana Looney recently told reporters she felt like "superwoman."

Construction on the 77,448-square-foot facility is expected to begin in February and to be completed next summer.

Flying together with our sponsor

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Mode saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte's most recent fastest-growing companies list. Mode's flagship product EarnPhone, a budget smartphone, has already helped consumers earn & save $325M+.

Mode's Pre-IPO offering is live at $0.26/share, and 30,000+ shareholders have already participated in its previous sold-out offering.

We spend over 30 hours a week on smartphones. Mode monetizes this usage, turning phones into potential income generators.

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The Nasdaq just granted them the stock ticker $MODE, and with $60M in revenue, they may soon no longer accept outside investment.

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➤ Harris County: Deputies apprehended a 12-year-old boy who led them on a chase driving a stolen vehicle. (See Details)

➤ San Antonio: Seven women were hospitalized yesterday with symptoms of carbon monoxide poisoning after a vehicle was left running in the garage of the house where they were staying. (More)

➤ Austin: Around 4,000 people participated in the annual Texas Rally for Life, during which they marched to the Capitol and distributed baby supplies to area pregnancy centers. (More)

➤ San Antonio: Military security shot a person who attempted to breach the perimeter of Joint Base San Antonio-Fort Sam Houston on Saturday. (See Details)

➤ Fort Worth ISD administrators are weighing how to respond to reports that a substitute teacher publicly asked federal Immigration and Customs Enforcement (ICE) agents to visit North Side High School and remove students believed to be in the U.S. illegally. (More)

➤ Lockhart: Community members showed up at Thursday's city council meeting to protest the decision to disregard a vote to decriminalize possession of less than 4 ounces of marijuana. (More)

➤ Houston: The Department of Justice has dropped its case against Dr. Ethan Haim, M.D., who was accused of leaking patient records to expose how Texas Children's Hospital was performing unauthorized sex-changing surgeries on minors. (More)

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➤ The Texas Longhorns overcame a 22-point deficit to beat the No. 13 Texas A&M Aggies 70-69 Saturday, scoring the go-ahead bucket with 3 seconds remaining. (More)

➤ Dallas Mavericks center Dereck Lively II is expected to miss multiple months with a foot fracture. (More)

➤ The Houston Texans have fired offensive coordinator Bobby Slowik after a disappointing season on that side of the ball. (More)

➤ No. 7 Houston men's basketball topped No. 12 Kansas 92-86 Saturday in a game that went to two overtimes. (More)

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➤ Houston-based Kinder Morgan is building a 216-mile natural gas pipeline from Katy to Port Arthur. The $1.7 billion Trident Intrastate Pipeline is scheduled to be in service by 2027. (More)

➤ The Texas Longhorns are the second most valuable college football program in the nation, with an estimated valuation of $1.9 billion. Texas A&M is ranked ninth, while Texas Tech and TCU are listed among the top 50. (See Analysis)

➤ Google is reportedly planning to open its first retail store in Texas—and its seventh nationwide—in Austin. An opening date has not been announced. (More)

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Mode Mobile saw 32,481% revenue growth from 2019 to 2022, ranking them the #1 overall software company on Deloitte's most recent fastest-growing companies list. Mode's flagship product EarnPhone, a budget smartphone, has already helped consumers earn & save $325M+.

➤ The Texas Parks and Wildlife Commission awarded over $30 million to cities and towns across the state to build and enhance 50 community parks. The grants are provided on a 50/50 reimbursement match basis. (See List)

➤ Dallas Cowboys quarterback Dak Prescott bought a CAKE Makka electric bike for each of his 85 teammates. (See Photo)

➤ Christian radio station KLTY, which has aired in North Texas for 40 years, was sold to the nonprofit that operates the K-LOVE and Air1 networks. The station's final day on the air will be Jan. 31. (More)

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Saturday's Results:

What is your favorite iconic representation of Texas?

The Lone Star: 37%
The Alamo: 22%
The Texas Longhorn: 15%
The Texas Ranger: 12%
The Cowboy: 8%
Other: 6%

What Texas county has the highest ratio of cattle to humans in the state?

Show me the answer

1 Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur.

2 A minimum investment of $1,950 is required to receive bonus shares. 100% bonus shares are offered on investments of $9,950+.

3 Please read the offering circular and related risks at invest.modemobile.com. This is a paid advertisement for Mode Mobile's Regulation A+ Offering.

Past performance is no guarantee of future results. Start-up investments are speculative and involve a high degree of risk. Those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investment tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Further, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns.

DealMaker Securities LLC, a registered broker-dealer, and member of FINRA | SIPC, located at 105 Maxess Road, Suite 124, Melville, NY 11747, is the Intermediary for this offering and is not an affiliate of or connected with the Issuer. Please check our background on FINRA's BrokerCheck.

This is a paid advertisement for Mode Mobile Reg A offering. Please read the offering statement at https://invest.modemobile.com/. Rainmaker Ad Ventures is paid by Mode Mobile for promoting their securities offering. Payment is in cash and billed monthly. As of the end of December, Rainmaker has received $118,085. Additional fees may have accrued since then.

**https://www.sec.gov/Archives/edgar/data/1748441/000149315224029326/0001493152-24-029326-index.html

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