emily: luana lopes lara founder of kalshi. thank you.exas has blocked a law that could transform twitter and meta when it comes to hate, extreme speech and more. this is bloomberg. ♪ emily: the u.s. supreme court has blocked a texas law that critics say would fundamentally transform twitter and meta by requiring them to allow hate speech and extremism. greg, give us the context on this texas law, which has been moving through the courts and went into effect in texas this month. >> social media industry has been very worried about it. the appeals court did not give any explanation about letting the law take effect end of the social media companies said the impact on them would be tremendous. they would have to radically change their operations. to remove the ability, or to make it so that they could no longer moderate content. the supreme court let that lower court ruling stay in effect for a couple of weeks and now the court is going to block that law again. emily: is their reasoning as to why they are blocking the law? what does it mean