Crain's Daily Gist

A Chicago tech company has raised $85 million in venture capital as it rides the wave of interest in generative AI. Crain’s technology reporter John Pletz joins host Jeanne Sparrow to talk about why Chicago is primed for more of this sector’s investment.

Plus: The last-minute push to squeeze more out of Stonepeak’s parking meter deal, AbbVie pursues AI-led drug discoveries, a Bay Area cyber-security firm expands to Fulton Market, and Northern Trust joins ETF conversion boom.

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Crain’s healthcare reporter Jon Asplund joins host Jeanne Sparrow to discuss how Illinois is fighting keep the biotechs born here from leaving the state.

Plus: Organized labor backs Amtrak’s plan for a new maintenance facility in Bridgeport, Pritzker wants data center legislation in the veto session, more declines in CPS enrollment and another vote delayed in Chicago’s parking meter sale.

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Crain’s residential real estate reporter Dennis Rodkin joins host Jeanne Sparrow to talk news from the local market, including the innovative ways other Midwestern cities are driving new home construction.

Plus: A Florida business group takes a billboard swipe at Pritzker, federal credit unions are now exempt from Illinois’ swipe fee law, Astellas looks to sell its Northbrook headquarters, and Attorney General Kwame Raoul claims victory for non-citizens receiving social services.

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A Chicago academic's business of projecting life expectancy is under scrutiny amid a court battle between rival firms that make bets on life insurance policies. Crain’s contributor Steven Strahler joins host Jeanne Sparrow to untangle the legal saga.

Plus: The Illinois EPA’s new Climate Action Plan still falls short on zero emissions, Crystal Lake’s Aptar loses its Russian plant, offices in the Marshall Field building hit the market and Illinois grew the science for a breakthrough cancer drug, but couldn’t hold onto the company.

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Mayor Brandon Johnson’s rental protection ordinance is at the center of a legislative fight at City Hall. Crain’s commercial real estate reporter Rachel Herzog joins host Jeanne Sparrow to discuss the ordinance and its counterproposal.

Plus: Chicago Fed chair Austan Goolsbee says the road to 2% inflation may not be painless, Canada brings its tariff worries to Chicago, Nike is making a move on the Mag Mile, and Gov. Pritzker opens up about his use of GLP-1s.

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With a torrid pace of storms this summer, Illinois is approaching the highest number of tornadoes recorded in one year by any state. Host Jeanne Sparrow talks with Crain’s Mark Weinraub about how these storms may impact insurance rates.

Plus: Amtrak’s plan near Rate Field sparks South Side fury, developer bets $113 million on on Mag Mile office-to-apartment conversion, public opinion continues to sour on data centers and Eric Lefkofsky's daughter is the test case for the new science of making a hit.

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Crain’s residential real estate reporter Dennis Rodkin joins host Jeanne Sparrow to talk news from the housing market, including a $30,000-a-month apartment in Chicago’s newest lakefront tower.

Plus: Chicago parking meter owners make the city a new offer, Google’s Thompson Center debut has been delayed, last-second deal may reopen Resilience Healthcare hospitals and designers imagine a greener Chicago.

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Crain's restaurants reporter Ally Marotti talks with host Jeanne Sparrow about the newest restaurants in town, and whether mergers can save Chicago's craft brewing industry.

Plus: ComEd’s crackdown thins the data center pipeline, U.S. Supreme Court rejects the White House’s mail ballot curbs for the midterms, Enova pulls the plug on its Grasshopper acquisition and Evanston claims one of the largest-ever suburban apartment deals.

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Justin Ishbia's vision for The Railyards and a White Sox stadium is forcing an early reckoning over what to do with the team's current home. Crain’s commercial real estate reporter Danny Ecker discusses what has become a thorny question in the Chicago stadium saga with host Jeanne Sparrow.

Plus: Mayor Brandon Johnson officially launches his re-election bid, GE HealthCare considers a billion-dollar acquisition, a former Chicago trader is headed to federal prison, and Kirkland & Ellis dominates Crain’s list of the largest Chicago law firms.

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Research from UIC shows federal immigration enforcement cost Cook County businesses $1.26 billion last year. Crain's reporter John Pletz joins host Jeanne Sparrow to break down the numbers.

Plus: Bally’s blinks on a $4 million threat in its Chicago gambling fight, consumer watchdogs force settlement reducing Nicor rate hike, the newly formed transportation board has named its chairman, and Illinois is set to become the first Midwestern state to allow medical aid in dying.

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Host Jeanne Sparrow talks with Crain’s reporter Dennis Rodkin about the strange math of Chicago’s condo market, and the latest development in litigation over Winnetka’s bluff-protection ordinance.

Plus: Gov. JB Pritzker announces a new PAC, a judge may halt Illinois’ "medical aid in dying" law, a study quantifies the toll of federal immigration enforcement on Cook County, and Ariel Investments changes up leadership for its private equity unit.

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As Justin Ishbia begins laying his cards down for a proposed White Sox stadium, host Jeanne Sparrow talks with Crain’s politics reporter Justin Laurence about community pushback in Bridgeport that could complicate the plan.

Plus: Barilla scoops up fast-growing mac-and-cheese startup Goodles, a West Coast tech firm eyes a new office on Wacker Drive and Illinois’ new law to cap drug prices hits roadblock in federal court.

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In this discussion with host Jeanne Sparrow, Crain’s contributor Richard Day grades Chicago’s new transit board.

Plus: Illinois’ senators step into the conflict between FAA and air traffic control, work resumes on the $1.1 billion project to keep Asian carp out of the Great Lakes, Prime Healthcare faces a potential nurses' strike, and Illinois tourism is booming.

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Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest local housing news, including a mansion built by Mrs. O’Leary’s son that’s headed to demolition court.

Plus: Downtown apartment projects score big construction loans as lending eases, S&P upgrades Illinois’ credit rating, a nonprofit buys Fulton Market loft office for new HQ and Mayor Johnson’s starring role in World Business Chicago videos draws ethics hearing.

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North Michigan Avenue's recovery is gaining momentum with a drop in vacancy and infusions of capital. Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss.

Plus: State Farm sued by L.A. County for delays and denials to fire victims, UChicago and U of I land $75 million in federal funding for quantum research, Kalshi goes after the big traders on CME and Cboe’s home turf and Deere launches AI assistant named JD to guide farmers’ choices.

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Crain's restaurants reporter Ally Marotti and host Amy Guth discuss the latest dining openings around Chicago.

Plus: South Loop high-rise sold for $166M, Chicago’s second-biggest apartments deal this year, Aon buys mid-market insurance specialist in $17 billion deal, Rivian shares slide after CFO announces surprise departure, ex-Loretto CFO back in Chicago to face fraud charges.

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Crain’s contributor Margaret Littman and host Amy Guth discuss the push within Illinois to place guardrails around AI.

Plus: A new study questions Chicago’s TIF payoff though developers say growth wouldn’t happen without it, Goodell signals Arlington Heights is still alive in Bears stadium race, United CEO says O’Hare’s two-airline era will end and Chicago will be better off, and a judge opens the door for healthcare providers to fight AbbVie’s federal drug discount lawsuit.

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Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss the latest local housing news, including how Chicago home prices have made their biggest jump in over five years.

Plus: Johnson finds $85 million budget fix and unloads on City Council, Walter’s TWG hits back at fraud claims and says it has no victims, Meta agrees to pay up to $16.7 billion in social media case and Foxtrot lands retail space at former Ann Sather site near Belmont CTA.

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Crain’s reporter John Pletz talks with host Amy Guth about a proposed rail line to move travelers between downtown and O’Hare in 15 minutes.

Plus: Chicago-based United Airlines adds 10 destinations to Europe and Asia; Supreme Court sides with Trump for now on his mail ballot curbs; Bronzeville development site pitched for Pete’s Fresh Market and hundreds of apartments; and Deere workers reject contract extension, setting up 2027 labor showdown.

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Cook County homeowners are still paying the price for the commercial real estate slump. Crain’s Danny Ecker discusses with host Amy Guth.

Plus: Data center giant set to buy Hawthorne Race Course; Trump tries to strip ABA's authority as law school accreditor; Intuit TurboTax opening store at the base of Tribune Tower; and a new Austin health center is part of wider push to fill West Side health gaps.

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Chicago healthcare players GE HealthCare and Baxter International found new finance chiefs at a turning point for both companies. Crain’s healthcare reporter Jon Asplund talks with host Amy Guth about the C-suite moves and other health business news.

Plus: Morgan & Morgan signs onto Loop office tower poised for revamp, Pritzker names new transit board members, judge orders Outcome Health execs to pay at least $271 million and Chicago firms tied to Mark Walter probe could face legal woes.

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Deals remain scarce for Chicago’s biggest private equity and venture capital firms. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.

Plus: Former Willis Tower owner testifies real estate empire now worth negative $80 million amid financial woes, Amazon to expand drone delivery to the Chicago area, Chicago Quantum Exchange CEO stepping down and developer buys Lakeview apartments for $61.5 million with plans to expand.

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Chicago’s hottest restaurant tables have a new pay-to-play option. Crain’s contributing food and wine writer Ari Bendersky talks with host Amy Guth about the new platform for hard-to-get reservations.

Plus: JPMorgan Chase opens Mag Mile flagship as wealth management competition heats up, developer buying Ford City Mall tweaks industrial plan in bid for city approval, feds want Outcome Health founders’ bond revoked and NASCAR is pulling the plug on its Chicago street race.

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Crain's reporter John Pletz talks with host Amy Guth about Stellantis’ plans to restart the idled Belvidere plant and Madison Air’s $5.4 billion acquisition.

Plus: Federal rail funding clears path for Justin Ishbia’s big South Loop plans, Bally’s issues "going concern" warning to investors, an old name in Chicago business gets set to fold and Chicago Fed’s Goolsbee wants to see more evidence of cooling inflation.

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Crain’s healthcare reporter Jon Asplund talks with host Amy Guth about healthcare news, including recent successes Chicago has seen in lowering opioid overdoses.

Plus: Johnson says Chicago will make full advance pension payment, Chicago Auto Show veteran named new McCormick Place GM, Durbin still waiting for FAA answers on O’Hare flight caps and Meta bringing first Midwest retail store to Gold Coast.

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Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss the latest local housing news, including where Chicago-area home prices are rising fastest.

Plus: Johnson calls for a moratorium on new data centers in Chicago, Josh Kushner and Bob Iger buy L.A. Lakers from Mark Walter for more than $12 billion after a federal probe of the Guggenheim CEO reaches Chicago, nearly 250 call-center workers to be laid off as Pace contract shifts and an analysis finds Illinois farmers saw nation’s biggest jump in seasonal planting diesel costs.

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The owner of the Shops at North Bridge plans a $40 million revamp for the vertical mall. Crain’s commercial real estate reporter Rachel Herzog discusses the shopping center, and other Mag Mile news, with host Amy Guth.

Plus: Bears eye second Hammond site as Indiana push advances, why Bally’s is slowing casino construction in its fight with City Hall, CME seeks 24/7 trading of silver futures in retail push and CEOs pushed White House to delay ultra-processed food definition.

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Illinois companies are reporting an $857 million tariff windfall, but tariff and supply chain issues persist. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Congress eyes boosting quantum funds as global race heats up, Portillo’s is cutting HQ staff by 18%, Pritzker presses Welch for quick action on sexual-harassment reforms and Fairlife breaks ground on $650 million expansion in Michigan.

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Crain's restaurants reporter Ally Marotti and host Amy Guth discuss McDonald’s struggle with its value strategy.

Plus: Landmark Loop office building takes step toward data center conversion; Pritzker pens letter to Trump, seeking tariff refunds for Illinois families; Outcome Health founders’ fraud convictions upheld; and Indiana preps for Bears with plan for new South Shore Line stop in Hammond.

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Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to discuss the latest local housing news, including Illinois' rank near the bottom on building new housing.

Plus: Portillo’s taps Olive Garden exec as CFO in leadership reboot, Kraft Heinz turnaround progress leaves investors wanting more, Adams Street Partners moving HQ to West Loop riverfront building and ADM raises 2026 outlook as biofuels drive growth.

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The owner of NBC Tower plans to convert part of the building to hundreds of apartments. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Johnson loses budget director days after CFO exit, Illinois joins 24 other states in suit challenging Trump’s latest tariffs, AbbVie seeks at least $8 billion in debt to fund Apogee deal and McDonald’s replaces U.S. president in slow-growth shakeup.

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A Chicago investor got a discount for Palmolive Building retail space in a deal that illustrates the Mag Mile's fallen property values. Crain’s reporter Rachel Herzog discusses the trade, and other commercial real estate news, with host Amy Guth.

Plus: Alexi Giannoulias kicks off mayoral run with pledge to raise the minimum wage, trading firm eyes expansion and a move to Fulton Market, Sterling Bay and a JPMorgan fund get $213 million refi for Fulton Market office tower and alcohol distributor Republic National cutting nearly 300 jobs in Illinois.

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Amid the nationwide cyclosporiasis outbreak, Chicago restaurant operators are switching suppliers and remixing menus. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Illinois Tech to lay off 160 as enrollment and financial struggles force restructure; push to sideline Mayor Johnson from picking new police chief draws mixed response;  Streeterville garage listing tests market for downtown parking; and Senators Durbin and Duckworth ask FAA to justify decision to limit O’Hare flights.

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Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about local housing news, including what the latest round of data says about the market.

Plus: Grant Thornton to acquire CBIZ for $5 billion, Chicago’s acting CFO exits ahead of Johnson’s next budget showdown, CME plans futures tied to sports to be used as new hedging tool and Northwestern lands $20 million for first publicly accessible AI-powered protein lab in U.S.

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Big campaign money for Alexi Giannoulias is reshaping the Chicago mayoral race before he’s even entered it. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: U of I launches search for next president at one of Illinois’ most important engines, CME’s debut of 24/7 gold futures trading met with strong demand, nine Illinois communities say they’re interested in new nuclear facilities, and crime continues historic decline as homicide rates approach century lows.

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Chicago safety-net hospitals are searching for a lifeline as their funding crisis deepens. Crain’s healthcare reporter Jon Asplund talks with host Amy Guth about Roseland Hospital's request for state aid and Weiss Memorial’s extension against possible closure.

Plus: Trump administration reveals energy grant cuts targeted blue states, Jewel parent cuts forecast amid soft grocery demand, United reportedly quietly pursued a merger with Delta last year and a court approves $90 million Hawthorne Race Course sale, ending Chicago-area racing.

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The Alinea Group is launching a limited-time restaurant in one of Chicago’s most storied fine-dining addresses: the former home of the famed Charlie Trotter’s. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.

Plus: Chicago-area warehouse vacancy inches up as companies shed space, United suspends 10 new routes to small cities from O’Hare, Trump’s 100% generic drug duty threatens U.S. low-cost supply and crypto lobby sues Illinois to block new digital asset tax.

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Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest from the local housing market, including locals putting dibs on new houses in an Elk Grove Village lottery and more.

Plus: MHub is planning a massive West Side campus bigger than The 78; Northwestern’s $121 million settlement tab reportedly spanned Fitz, football and Trump; power grid serving northern Illinois faces breakup risk as feds weigh fate; and Roseland Hospital seeks emergency state aid to keep doors open.

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Logan Square tenants have sued their landlord in the first case under an anti-gentrification ordinance. Crain’s commericial real estate reporter Rachel Herzog discusses with host Amy Guth.

Plus: Illinois cannabis demand grows despite falling prices; Chicago developer buys River North office building for conversion that would add two stories; Save A Lot ending deal with Yellow Banana, putting seven Chicago stores at risk of closing; and Illinois-led quantum effort lands $30 million in federal funding.

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O’Hare airport's passenger numbers rebounded last year, but its rivals also made gains. Crain’s airlines reporter John Pletz discusses with host Amy Guth.

Plus: Feds subpoena Chicago law firms in Trump’s fight with ABA, Shore Capital unloads veterinary real estate portfolio for $268 million, AbbVie’s Allergan gets European nod for its Botox-lite treatment and more lawyers join Resilience legal scrum, delaying settlement and West Suburban reopening.

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