Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 79

Fermi Inc. experienced a significant decline of up to 43% on Friday after the company announced that a tenant had terminated a $150 million agreement related to its planned artificial intelligence campus in West Texas. This development raises concerns about the viability of the project and the company's financial stability.

Blackstone Inc. is expanding its investment portfolio by acquiring a collection of retail properties in Texas, which are primarily anchored by grocery stores. This move signifies a strategic focus on real estate that is resilient and essential, particularly in the grocery sector.

State environmental regulators in Texas are currently reviewing applications from four companies to treat and release wastewater from oil production in the Permian Basin into the Pecos River. This initiative aims to manage toxic water generated by oil extraction processes in the region.

Thomas O. Hicks, a prominent figure in private equity, has passed away at the age of 79. Hicks was known for his significant financial successes in the soft drinks and food sectors, although he experienced notable failures in sports and internet ventures.

Thomas O. Hicks, a notable figure in private equity, has died at the age of 79. He was recognized for his substantial financial achievements in the soft drinks and food industries, while also facing significant setbacks in sports and internet investments.