Crain's Daily Gist

Chicago’s pandemic exodus was a thing, but not as much as it first seemed . Crain’s reporter John Pletz tells host Amy Guth how IRS data shows there’s a lot more to the story. Plus: Millionaire's tax could reportedly raise $4.5 billion for property tax relief, Michael Sacks and Richard Price leave World Business Chicago board, UChicago gets anonymous $100 million donation to support free speech an...

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including his four insights from the latest Chicago housing data. Plus: Real estate pros survey suggests alternative ideas to spending $1 billion of public money on stadiums; Rivian launches pre-owned vehicle sales, joining Tesla in growing used EV market; U of I lands $10 million donatio...

As Walgreens flounders, so does the fortune of its top stakeholder, Stefano Pessina. Crain’s health care reporter Katherine Davis talks about the pharmacy giant's struggles with host Amy Guth. Plus: Boeing union balks at sweetened pay offer to workers, Trump vows to hit Deere with tariffs if jobs move to Mexico, landlords have reason to be optimistic even as downtown apartment rents have flattened...

Three years after it took over a handful of run-down Save A Lots on the South and West sides, grocery operator Yellow Banana has opened its first renovated store . Crain's retail reporter Ally Marotti talks about the West Garfield Park opening and the branding headwinds facing the company. Plus: White House picks Monroe Capital to develop $1 billion fund for auto suppliers, Caterpillar joins Ford...

With the Federal Reserve lowering interest rates by a half percentage point, Crain’s finance reporter Mark Weinraub talks with host Amy Guth about the local implications of the move. Plus: Amazon closing Goose Island fulfillment center, one of the first it opened in Chicago; electronic trading firm set to leave LaSalle Street for West Loop; Boeing girds for long strike as gig economy gives workers...

Crain’s residential real estate reporter Dennis Rodkin chats with host Amy Guth about news from the local market, including Michael Jordan’s mansion going under contract after sitting on the shelf since 2012. Plus: United Center owners detail apartments, hotel vision for 1901 Project; Florida firm nears discount deal for distressed Loop office tower; North Shore Tesla facility trades hands for alm...

Chicago's food halls have entered a new era . Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the post-pandemic business model. Plus: Michael Jordan’s mansion finally lands a buyer, Boeing freezes hiring and mulls furloughs after workers strike, property insurance rates fall for first time since 2017 and Outcome Health founder Rishi Shah will remain free on bail during app...

Big financial institutions are rethinking their approach to diversity . Crain’s finance reporter Mark Weinraub talks with host Amy Guth about the backlash against DEI initiatives and possible implications for the industry's talent pipeline. Plus: Walgreens pays $107 million over prescription billing fraud claims; EPA knocks ADM for leaking 8,000 metric tons of CO2 underground; with contract attorn...

Crain's restaurants and retail reporter Ally Marotti talks with host Amy Guth about Foxtrot’s return to Chicago and Lettuce Entertain You’s expansion to the suburbs . Plus: United bets on SpaceX for faster, free Wi-Fi; Big Four accounting firm PwC laying off 1,800 employees; appeals court tosses out $564M verdict against BMO Harris; and Wacker Drive landlord nears massive anchor tenant deal, inks...

Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth recap news from the local market, including a UChicago professor's look at how housing shaped race in the 20th century, and a mansion built by the father of modern advertising that’s on market for the first time since the early 1990s. Plus: Michelin adds three Chicago restaurants to its guide; McDonald's rolls out kiosks that...

As Mayor Brandon Johnson halts citywide hires and reorganizes his staff, the Fifth Floor's chief City Council liaison and two of her staff hand in their resignations . Crain’s politics reporter Justin Laurence discusses with host Amy Guth. Plus: The Art Institute of Chicago receives one of its largest donations ever; TransUnion fined by SEC for whistleblower violation; steel-conduit plant to close...

As Illinois puts up a half-billion dollars in its bid to make Chicago a world capital for quantum computing, Crain's technology reporter John Pletz joins host Amy Guth to look at some local players in the emerging space. Plus: South suburban towns get crushed by the weight of heavy property taxes; big South Loop apartment development up for sale; Southern Illinois University Carbondale sees enroll...

Cook County Assessor Fritz Kaegi is calling for a property tax bailout for low-income homeowners. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth. Plus: Bears CEO on stadium pitch, big Schaumburg shopping center trades for $93 million, Edelman adds Nikki Haley to public affairs division and feds are probing big airlines' loyalty programs. Hosted by Simplecast, an A...

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news form the local market, including the National Association of Realtors saying it will take its fight with the Department of Justice to the U.S. Supreme Court. Plus: Molson Coors joins Ford, Deere and Harley in nixing DEI goals; Blue Cross parent tries to simplify health plans with no deductible, no coinsurance o...

To plug a nearly billion-dollar budget gap, Mayor Brandon Johnson may reverse his campaign pledge on property taxes. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the options on the table for the city. Plus: Foxtrot is reopening its first Chicago store this week, DNC week proved "solid" for downtown hotels, rival buying Kroger-Albertsons stores got "worst chains" like Ma...

How did Chicago's dining scene fare during the Democratic National Convention? Depends who you ask . Crain's restaurants reporter Ally Marotti discusses with host Amy Guth. Plus: Shareholder suit claims Walgreens leadership covered up poor pharmacy numbers, Ulta Beauty cuts sales outlook on slowing demand, Harry Caray's most famous line is the focus of a new trademark lawsuit and Northwestern Univ...

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about his latest takeaways from new market data. Plus: Fed minutes show Chicago and New York chiefs favored a July discount rate cut, exec affirms in merger hearing Kroger hiked milk and egg prices above inflation, another major drug distributor drops AbbVie's Humira and Revival Food Hall gets a new name with more brea...

Neighborhood restaurant owners are trying a new approach to the wine list to win back diners burned by the rising cost of eating out. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth. Plus: The IT meltdown that idled auto dealers this summer didn't leak data, software maker says; DEA delays cannabis rescheduling until after election to hold hearing; Rothschild plans to close...

Crain’s health care reporter Katherine Davis talks with host Amy Guth about Illinois’ role in reproductive care nationwide and how personal it is for some legislators like U.S. Sen. Tammy Duckworth. Plus: Kroger-Albertsons deal heads to court with food prices in focus, Loop office tower could be back on track for residential conversion, Roti files for Chapter 11 bankruptcy, Christkindlmarket bumpe...

After a successful Democratic National Convention, it's back to work this week for the party. Crain’s politics reporter Justin Laurence joins host Amy Guth to talk what's next for pols around Chicago. Plus: Powell says the "time has come" for Fed to cut interest rates, O'Hare plans to sell $1 billion in bonds as terminal project moves ahead, enrollment cliff has Illinois' public universities seein...

From Gov. J.B. Pritzker's much sought-after time in front of a national audience to Sen. Tammy Duckworth getting a few jabs in on Donald Trump and blistering messages from the Obamas , Crain’s politics reporter Justin Laurence and host Amy Guth recap the major events of the DNC's first days. Also, Crain’s residential real estate reporter Dennis Rodkin discusses news from the local housing market,...

With the Democratic convention underway, Chicago's biggest hospital aims to bring attention to health care inequality by openly asking the public a stark question near the United Center. Crain’s health care reporter Katherine Davis discusses that and union action on the Illinois Medical District during the convention with host Amy Guth. Plus: Johnson plays both progressive leader and city host at...

A confidant of Mayor Brandon Johnson sparked concern among corporate donors by soliciting significant contributions to a political nonprofit planning to throw a week’s worth of DNC events. Crain’s politics reporter Justin Laurence discusses with host Amy Guth. Plus: J.B. Pritzker's turn as DNC host vaults him to national stage, Cboe looks to return $500 million to investors, new entertainment conc...

The candy giant Mars is moving in to buy Chicago snack maker Kellanova for an eye-popping $36 billion . Crain's reporter Ally Marotti talks with host Amy Guth about the companies’ timeline, potential roadblocks and Kellanova CEO Steve Cahillane’s $81.4 million exit plan . Plus: Rivian pauses output of Amazon’s EV delivery van on parts shortage, bank biz sues Illinois over first-of-its-kind change...

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth to recap news from the local market, including the Chicago area's highest-priced home for sale — a $35 million lakefront Winnetka mansion . Plus: Mars buys Chicago snack maker Kellanova in $36 billion deal, Hobson's out as Starbucks chair as board jettisons CEO, private-equity firms gear up for deals after slow start t...