🏁Start your engines (in Arlington); TPG dealing, makes 2 big investments; Gates to close foundation, gift $200B.

Penske Entertainment, the Dallas Cowboys and REV Entertainment, the official events partner of the Texas Rangers, are teaming to produce the INDYCAR Grand Prix of Arlington March 13-15, 2026. The NTT INDYCAR SERIES race will showcase practice and qualifications Friday and Saturday, with race day Sunday, March 15.

The Texas Lottery Commission has referred its investigation into alleged fraud and criminal activity surrounding the state lottery to the Federal Bureau of Investigation, according to Texas Scorecard. The referral escalates a scandal that has implicated former lottery executives and ticket reseller companies and raised questions about the integrity of multi-million dollar jackpots.

Uber Technologies and May Mobility, an autonomous vehicle technology company, announced a multi-year strategic partnership to deploy thousands of AVs on the Uber platform during the next few years. The launch is planned for Arlington by the end of 2025 as it tries to quickly scale AV use in ride/hail.

Arlington Mayor Jim Ross says his city lost $1.7M in property taxes when a developer pulled off 'one of the greatest frauds'. Here’s how it was able to happen.

Why would a Texas developer opt out of being part of Fort Worth, the nation’s fastest-growing big city? Through a newly passed law, developers can leave a city’s jurisdiction. The change brings flexibility to builders and uncertainty to cities.

Union workers are on strike at a Pratt & Whitney plant where the F-35 engine is made. Pratt & Whitney said it has “contingency plans in place to maintain operations and meet our customer commitments” and has no “immediate” plans to resume negotiations with the union.

Bill Gates said his The Gates Foundation will close down during the next 20 years and will give away the $200 billion largely accumulated from his Microsoft days. Global health is a primary cause.

Fort Worth-based TPG and payments company Corpay have acquired minority interests in AvidXchange Holdings, a NASDAQ financial technology firm specializing in payment processing for mid-size companies. The all-cash transaction offers shareholders $10 per share, values the company at $2.2 billion and takes the company private. 

TPG also entered a definitive agreement to acquire Peppertree Capital Management, a specialized digital infrastructure investment firm with a focus on wireless communications towers. TPG will acquire the Peppertree business, with $7.7 billion in assets under management, for up to $242 million in cash and up to $418 million in equity, payable at closing. The transaction also includes earnouts based on Peppertree’s future performance valued at up to $300 million. 

Dallas and Fort Worth are sinking at a rate of four millimeters per year because of groundwater loss, faster than any other U.S. inland cities, according to a study. 

Owner Vance Martin is retiring and closing Lili's Bistro on West Magnolia Ave in Fort Worth May 31. He has spent 47 years in food and beverage, 37 years in restaurants and 18 years with Lili’s.

Plotting your future? Arlington Cemetary holds headstones with recognizable names such as Collins and Ditto. When the city took ownership in 1995, state law prohibited Arlington Cemetery from selling new plots. The law was changed in 2023 and if the city revises guidelines, plots will be sold again.

Personal injury attorney Michael Francis announced a re-brand of his firm to Francis Injury: Car & Truck Accident Lawyers. The firm has opened a Fort Worth office at 640 Taylor St., Suite 1200B.

Fort Worth's AcquireROI, a provider of technology-based, performance-driven talent acquisition and recruitment marketing solutions, has secured a growth loan from Decathlon Capital Partners. The funding will be used to expand Acquire's team, enhance customer service capabilities, and meet increasing demand. Details of the transaction were not disclosed.

American Airlines and U.S. Soccer have a multi-year partnership to enhance the travel experience for U.S. Soccer fans and member organizations across the country. Details are here. 

The University of Texas Board of Regents selected Dr. Prabhas V. Moghe as the sole finalist to be the next President at The University of Texas at Dallas. Moghe is the executive vice president for academic affairs at Rutgers University, New Jersey’s flagship public university.

Cook Children’s Center for Community Health shares key findings after its comprehensive family and children's health needs study of north Texas communities.

Netflix revealed a new TV experience — a simpler, easier, and more intuitive design — to help members easily find something to watch.

The U.K. and U.S have reached agreement on the framework of a major trade package, the first to be consummated since President Trump announced stringent tariff measures.

The doomed tourist helicopter that crashed into the Hudson River last month, killing six people, erupted with “loud bangs” before breaking apart into three pieces, the National Transportation Safety Board said in a preliminary report.

Announcements:

• General Motors: Promotes Duncan Aldred to President of North American Operations.

• Cook Children's Health Care System: Appoints Amy Wimpey Knight Chief Administrative Officer.

• Sabre: Appoints Jennifer Catto Executive Vice President and Chief Marketing Officer.

• United Way of Tarrant County: Hires Ryan Barrera as Director of Development.

• Pinstripes: Promotes Tori Eubanks to Senior Event Sales Manager.

• Schwab Advisor Services: Brings back Julian Lopez to lead relations with the largest and most complex independent advisory firms.

• CASA of Tarrant County: Promotes Victoria McKeon to Development Director.

• Sales Xceleration: Adds Lindsey Schradle as Fractional VP of Sales.

• White Settlement Police: Promotes Megan Batchelder to Chief of Staff, Carlos Valladares to Corporal, James Stewart to Lieutenant and Brandon Tibbit to Sergeant.

• Renaissance Heights Foundation: Names Bruce Frankel Board Chairman.

• Northwest ISD: Selects Dr. Daryl Porter as Principal of Northwest High School.

• Carroll Independent School District: Re-assigns Carroll High School head swimming and diving coach Kevin Murphy.

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