Larry Fink's BlackRock loses bid to dismiss Texas climate collusion claims
1. A judge rejected BlackRock's dismissal request in a major antitrust lawsuit. 2. Texas and 12 states accuse BlackRock of violating antitrust laws through climate initiatives. 3. The lawsuit's outcome may significantly affect BlackRock's investment strategies. 4. A potential remedy includes divestment from coal companies, raising energy prices. 5. The case has garnered support from antitrust enforcers in the federal government.