Tuesday, May 5, 2026

Good Morning! On this day in 2001, the San Antonio Spurs defeated the Dallas Mavericks 94-78 in Game 1 of the Western Conference Semifinals. It was the first time the two teams had faced each other in the playoffs.

The Savannah Bananas baseball exhibition team broke an attendance record over the weekend. Check out where in Around Texas. Have you ever been to one of their games? Would you want to see them in action? Hit reply to share your thoughts.

The stock market is on a tear, with the S&P 500 and Nasdaq closing at fresh all-time highs on May 1, and the Dow climbing back toward 50,000. But what's actually driving this rally? Is it Big Tech earnings? The AI buildout? Hopes that the war in Iran ends soon? On today's episode of The Flyover Podcast, host Ayla Brown breaks down the three forces behind Wall Street's record run and what investors are watching next. Tune in!

Today’s sponsor is Cozy Earth, and if you’ve been thinking about upgrading your sleep or finding a Mother’s Day gift that actually gets used, this is worth a look. Their bamboo sheets have quickly become a standout with The Flyover readers and have been one of the most talked-about home upgrades we’ve featured.

Take The Flyover with you. Busy day? Listen to our daily 15-minute podcast while commuting, cooking, or walking the dog—your Flyover fix, anywhere.

More Education Savings Accounts Awarded

More than 53,000 Texas students have been selected for participation in the state's new education savings account program during the second round of award distributions, the Texas Comptroller's office announced Monday.

Last month, over 42,600 students with disabilities and their siblings received priority award notices from the $1 billion school choice program. More than 72,000 students qualified for participation under Tier 2, which is designated for households with an income at or below 200% of the federal poverty level. A lottery was used to select the award recipients.

More than 274,000 families applied for a Texas Education Freedom Account (TEFA) during the first year of the program—far more than its funding can accommodate. "Texas families have waited a long time for school choice, and the response to TEFA shows just how much this opportunity means to parents across our state," acting Comptroller Kelly Hancock said.

TEFA provides participants with $10,474 a year to attend private school and $2,000 for homeschooling, while students with disabilities can get up to $30,000. Students who weren't selected for participation will be placed on a waitlist. Families have until July 15 to accept their awards.

Paxton Targets EPIC City in New Lawsuit

Attorney General Ken Paxton has filed a third lawsuit targeting the proposed Muslim-centric community formerly known as EPIC City, alleging a municipal utility district (MUD) violated the Texas Open Meetings Act (TOMA) when its entire board was replaced, and the 402-acre development was annexed last September.

The lawsuit accuses the Double R Municipal Utility District No. 2A of Hunt and Collin Counties of failing to provide adequate notice of its meeting or the agenda items to be considered. The meeting was the district's first in more than four years. It was held in a field identified by GPS coordinates.

"EPIC City developers have tried to evade the law in any way possible, but I will fight to uncover and stop any illegal scheme that seeks to advance their project," said Paxton. He is asking a Collin County court to invalidate the annexation and bar the MUD's board directors from meeting again.

A court halted work on EPIC City—renamed The Meadow—in March after Paxton sued the MUD over its board appointments and their action to expand its boundaries. A December lawsuit alleging violations of Texas securities law by the project's developer is pending.

Last week, a new ad from U.S. Sen. John Cornyn accused Paxton, his GOP Senate primary opponent, of failing to shut down EPIC City.

GameStop Makes Bid for eBay

GameStop, a Grapevine-based retailer of new and used video games and trading cards, has proposed to acquire online auctioneer eBay for $125 per share, valuing the company at nearly $56 billion.

Prior to trading yesterday, GameStop's market capitalization was about $11.9 billion, while eBay's was roughly $46 billion. GameStop shares plummeted more than 10% yesterday, closing at $23.84, while eBay stock rose 5%, closing at $109.33.

GameStop has accumulated a 5% stake in eBay and would leverage its position, along with more than $9 billion in cash and a $20 billion loan, to finance the deal. CEO Ryan Cohen said he would target $2 billion in cost reductions within a year and suggested that GameStop's 1,600 stores could boost sales on the platform.

"This is a business that is under-earning and can make a lot more money," Cohen said of eBay, suggesting it could become a "legit competitor" to e-commerce giant Amazon. eBay said its board would review the unsolicited proposal.

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➤ Pearland: Six people were injured when a can of gasoline was thrown onto a fire near a mobile home Sunday night. All are expected to survive. (More)

➤ Leander: A QuikTrip gas station sold one of two winning tickets for Saturday's $20 million Powerball jackpot drawing. The other ticket was sold in Florida. (More)

➤ College Station: More than 102,000 fans attended Saturday's exhibition game between the Texas Tailgaters and the Savannah Bananas, breaking the attendance record for the popular entertainment club. (Watch Videos)

➤ Tyler: Nearly 55% of voters rejected a $167.3 million bond package for Tyler Junior College. One opponent expressed his preference to "scale it back and do it in segments." (More)

➤ Magnolia: The city's former administrator filed a federal lawsuit against Mayor Matthew Dantzer, alleging he was fired for speaking out about allegations that Dantzer assaulted and sexually harassed the former city secretary. It's the third federal lawsuit filed against Dantzer, who has been indicted for aggravated assault and official oppression. (More)

➤ Dallas Love Field: Jennifer Manzanares-Herrera, 25, was arrested last week after authorities found 75 pounds of marijuana in her luggage. (More)

➤ Kerr County: State Rep. Wes Virdell has asked Gov. Greg Abbott to call a special session to address new camp safety regulations that are "causing massive problems for camps across Texas." (See Details)

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➤ The Dallas Mavericks are hiring former Toronto Raptors executive Masai Ujiri as president and alternate governor, filling the front office position open since Nico Harrison was fired last November. (More)

➤ Behind-the-scenes footage from draft night captured the Cowboys' war room negotiating a trade with the Eagles, which ultimately resulted in Philadelphia moving up to Dallas' pick to draft a wide receiver. (See Video)

➤ Texas Tech quarterback Brendan Sorsby hired sports attorney Jeffrey Kessler to fight for his NCAA eligibility amid a sports gambling investigation. Kessler was the lead attorney in the House v. NCAA case, which led to revenue sharing in college sports. (More)

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➤ Texas has the 10th-highest debt burden in the country, according to a ConsumerAffairs analysis based on debt-to-income ratios and delinquency rates. (See Details)

➤ Toby Neugebauer, the former CEO of Fermi America, has asked a court to issue an injunction invalidating his termination, claiming it was a violation of company bylaws and state law. He remains the company's majority stakeholder and claims its Project Matador data center will be "the most significant thing ever for the Texas Panhandle." (More)

➤ British plastics manufacturer RGE Group is opening a 27,000-square-foot facility in Schertz, its first in the U.S. The family-owned company operates plants in England, Lithuania, and China. (More)

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➤ The 2,025-acre Owl Ranch in Kimble County has hit the market for $10,114,875. Established by a retired British Royal Navy captain in the 1880s, the ranch was the site of the 1925 discovery of the state's second-largest whitetail buck ever recorded. (See Photos)

➤ Canje, a Caribbean restaurant in East Austin, was named the No. 3 restaurant in the U.S. by Food & Wine. Its chef, Tavel Bristol-Joseph, was a finalist in last year's James Beard Awards. (More)

➤ Adrian Peterson Jr., the 14-year-old son of former NFL running back Adrian Peterson and a soon-to-be freshman at Missouri City's Ridge Point High School, has already received scholarship offers from Baylor and Missouri State. (More)

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