🧲Two GM partnerships are magnetic; Adom, EDP are dealing; 75¢ anniversary party at Whataburger.

San Marcos-based Noveon Magnetics announced a multi-year supply agreement with General Motors to deliver rare earth magnets to support a wide range of GM vehicle components. Noveon started production immediately and magnet deliveries have begun. The deal gives GM a domestic supplier and offers less reliance on Chinese suppliers. 

Hyundai Motor Company and General Motors announced plans for the first five co-developed vehicles of their previously announced strategic collaboration. Four are for the Central and South American market, including a compact SUV, car and pick-up, and a mid-size pick-up. The fifth is an electric commercial van for North America.

Adom is building the world's first AI native cloud factory for prototyping and testing electronics remotely. It is considering a $229-million headquarters in Fort Worth that includes $15 million in incentives from the city. Read about Adom and founder John Lauer here. 

Spanish newspaper El Pais reported the country has abandoned plans to purchase F-35 fighter jets valued at $7.24 billion from Lockheed Martin.

Affiliates of Enterprise Products Partners executed agreements to acquire a natural gas gathering affiliate of Occidental and to provide Occidental with natural gas gathering and process services of approximately 73,000 acres in the Midland Basin. It is a debt-free transaction for $580 million in cash consideration.

Today, Whataburger is celebrating the 75th anniversary of selling its first burger in Corpus Christi. Between 11 a.m. and 8 p.m., enjoy a cheeseburger for 75 cents. Download the app before you go.

Texas Health Harris Methodist Hospital Southwest Fort Worth announced a $223-million, 5-story tower expansion to provide more services and higher complexity care for patients. Two of the patient floors, which will add 64 beds, are expected to open in 2028.

Texas Health Resources is the 2025 recipient of the Fort Worth Chamber's Vandergriff Award, which will be presented during the State of the County luncheon Aug. 21. In memory of former Tarrant County Judge Tom Vandergriff, the award is presented for contributions positively impacting Tarrant County on a national scale. Recipients are nominated by Chamber board directors and selected by executive board officers.

Fort Worth has launched a Small Business Development Program aimed at expanding opportunities for local entrepreneurs, particularly in procurement, certification, and access to capital. Three Chambers — Metropolitan Black, Hispanic and Fort Worth —have signed a Memorandum of Understanding to collaborate, share resources and amplify opportunities for small businesses across Fort Worth. More details here. 

Ridgmar Movie Tavern, just north of the mall and closed since 2018, soon will be home to a gym. Westwood Fitness is from Matthew Haynes, an entrepreneur and fitness buff who owns Crossfit Westwood at 608 S. Jennings Ave., which opened in 2018.

Microsoft-backed OpenAI unveiled GPT‑5, with upgrades to coding, math, writing, health, and visual perception. GPT‑5 is available to all users, with Plus subscribers getting more usage, and Pro subscribers getting access to GPT‑5 pro, a version with extended reasoning and more comprehensive answers.

Firefly Aerospace, based in Cedar Park, Texas, soars in its IPO as the market cap hits $10B as the opening-day high point.

Fort Worth-based AZZ announces the dual listing of its common stock on NYSE Texas.

A win for retailers! A judge vacated a Federal Reserve rule on debit card "swipe fees," saying the regulator went beyond what Congress allowed in laws it passed in 2010.

NtelCare aims to keep senior care residents safe from bed falls by using AI, 4D radar imaging and machine learning to detect subtle posture shifts and movement patterns. The Fort Worth company is in the middle of a $5-million Series A raise. 

Update on the departed Texas Democrats trying to thwart a vote on re-districting: The FBI will help Texas track them down, said Republican U.S. Senator John Cornyn; Attorney General Ken Paxton has launched investigations into political organizations founded by George Soros and Beto O’Rourke, alleging they may have illegally financed the Democrats; and Governor Greg Abbott asked the Texas Supreme Court to re-consider a 2021 decision that the Constitution allows members to thwart legislation by leaving the state. 

President Donald Trump's executive order changes 401(k)s: What you should know about adding private equity, cryptocurrencies and other alternative assets. 

The past, present and future of TCU will be on display in the campus’ Sesquicentennial Plaza, which is scheduled to debut this fall in the Academic Commons. An artist has been commissioned to develop three arches representing the three time periods. The $1.8-million, donor-funded project will incorporate new work, as well as the existing statue of founders Addison and Randolph Clark.  

The Modern Art Museum of Fort Worth is presenting Jenny Saville: The Anatomy of Painting, Oct. 12-Jan. 18, It is the only U.S. museum to host the exhibition dedicated to the work of one of the world’s foremost contemporary painters. Nearly 50 works are in this collection, which was organized by the National Portrait Gallery, London.

Colleyville-based Bone Solutions has been awarded its fifth patent this year related to Mg OSTEOCRETE. Bone Solutions' proprietary magnesium-based technology, Mg OSTEOCRETE and Mg OSTEOINJECT (an injectable version), are fast-setting bone substitutes that remodel into bone over time through creeping substitution.

Southlake-based Sabre's shares sank 35% after its second-quarter results presentation revealed missed targets and significantly reduced full-year guidance. The company reported modest revenue growth.

Significant stat: 47% = Increase in # of delisted homes nationwide in May compared to last year, according to Realtor.com.

Believe it or not: 38.9% of Americans will be diagnosed with at least one form of cancer during their lifetime, according to statistics from the National Cancer Institute.

Announcements:

• Streams & Valleys:  Names Lauren Deen Executive Director. Most recently, she served as Managing Director of Development for the Tarrant To and Through Partnership (T3) and Chief Advancement Officer for Texas Center for Arts + Academics.

• John Hernandez: Fort Worth civic leader and printing pioneer passes away at 94.

• Six Flags Entertainment:  Richard A. Zimmerman, President, CEO and member of the Board, will step down as president and CEO by the end of 2025.

• Real Time App: Launched by TechFW member Rehanna Glover. 

• GiddyUp Data: Hires Emily Aguilar as Director of Sales Marketing.

• Transwestern: Adds Geoff Shelton as Vice President.

• Rampart: Hires Bri Hancock as Director of Marketing. 

• Tarleton State University: Names Dr. Donalyn Alexander Dean of the School of Nursing, effective Aug. 18.

• The Net FW: Hires Megan Cano Dobbertien as COO and Chief Strategy Officer.

• Airports Council International World: Honors D-FW International Airport with the 2024 Airport Service Quality Award, its third consecutive victory. 

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