Crain's Daily Gist
Get a head start on your workday with the stories that matter most. Listen to our roundup of essential Chicago headlines and analysis from Crain’s reporters and host Amy Guth.
11/26/25: Wine country business trips by chopper
Wining and dining has taken on new meaning as Chicago execs are now helicoptering clients to Michigan wine country. Crain's restaurants reporter Ally Marotti discusses with host Amy Guth.
Plus: Argonne joins the AI arms race with allies Nvidia and Oracle, Amazon plans $15 billion data center buildout in northwest Indiana, USG shrinks downtown office footprint with lease renewal and Cameo wins restraining order against OpenAI in trademark lawsuit.
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11/25/25: Breaking down Chicago’s movers and shakers
Crain’s Who's Who list highlights people driving decisions, setting agendas and leading change across the Chicago area. Data editor Lyss Welding talks with host Amy Guth about the guide to the most influential figures shaping the region.
Plus: CTU faces federal scrutiny over missing financial audits, a West Loop office tenant set to buy building from its landlord, One East Delaware sells in one of the year's priciest apartment deals and nursing schools sound alarm as feds restrict student loan access.
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11/21/25: O'Hare's long rebound hits milestone
O'Hare air traffic has finally topped pre-pandemic levels and appears on track to break a record this year. Crain’s aviation reporter John Pletz discusses with host Amy Guth.
Plus: One of downtown's biggest distressed loans goes up for sale, Chicago Fed's Goolsbee says he's uneasy about "front loading" rate cuts, GE HealthCare to buy Intelerad for $2.3 billion in cash and feds accuse Chicago crypto firm and its CEO of laundering $10 million.
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11/20/25: 18 years, $10.5M in price cuts for Barrington mansion
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including a Barrington mansion unsold and unoccupied for 18 years.
Plus: Local firm pays $44 million for Deerfield shopping center, United pulls $248 million junk muni deals for Houston airport, Northwestern names new Kellogg center after largest-ever donation to biz school and allegations of secret diamond deals push Gold Coast jeweler's parent into bankruptcy.
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11/19/25: Johnson's head tax revival dealt setback
The city Finance Committee voted down Mayor Johnson's revenue plan, dealing a significant blow to his 2026 budget. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.
Plus: Hines eyes Boeing's West Loop tower after scuttled Sterling Bay deal, Big Ten's $2.4 billion deal talks extended after pushback, FTC drops fight for injunction blocking GTCR's Surmodics deal and a study finds NIH grant cuts leave hundreds of clinical trials, 74,000 patients in limbo.
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11/18/25: Homeowners paying for downtown Chicago's woes
Chicago homeowners have been hit with the steepest property tax bill hike in at least 30 years. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about contributing factors.
Plus: Chicago trading floor gets second act powering AI-led future, downtown Chicago apartment rents jump again amid supply crunch, crypto firm's Burling Bank bid ready for state ruling and U of I bids out the next two buildings at quantum park.
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11/14/25: A 'gut punch' to intoxicating hemp biz
Tucked inside the massive bill to end the government shutdown, a ban on hemp-derived THC products. Crain’s cannabis reporter John Schroyer discusses the fallout from the ban with host Amy Guth.
Plus: Johnson unveils amended budget to a skeptical City Council, AbbVie reportedly exits $1.5 billion longevity drug deal with Calico, big Chicago systems win out as three hospitals slide to F grades in Leapfrog report and Michelin just stripped Alinea of its three-star status.
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11/13/25: Record year for Chicago's high-end homes
Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including luxury home sales breaking an annual record with weeks still to go in 2025.
Plus: Walgreens lists massive Old Post Office space for sublease, BDO claims it was impossible to detect alleged fraud at First Brands, owner of former Rainforest Cafe building facing foreclosure suit and Chicago lands another quantum computer maker.
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11/12/25: Apartments market rides rising rent
Crain’s commercial real estate reporter Rachel Herzog joins host Amy Guth to discuss the latest deals around Chicago's rental market and supply's impact on rents.
Plus: Walgreens cuts pay for store workers after $10 billion buyout, Zurich moving downtown office to Willis Tower, Volkswagen defies dealership protests with plan to begin Illinois warranty fees and FAA curbs private jet use at O'Hare amid air capacity crunch.
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11/11/25: Anxiety about immigration raids takes its toll
Advocates say anxiety around ICE raids is taking toll on Chicago's mental health resources. Crain’s health care reporter Jon Asplund discusses with host Amy Guth.
Plus: Private-label giant TreeHouse Foods acquired in $2.9 billion deal, Illinois awaits word on $1 billion in Big Beautiful Bill cash for rural hospitals, Sterling Bay's Lincoln Park life sciences building selling for medical office conversion and PNC opening 25 new Chicago locations as part of $2 billion branch expansion.
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11/7/25: Chicago chain taps into protein craze
Chicago fast-casual chain Protein Bar is cashing in in on America's protein obsession. Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the chain’s growth strategy and diner demands.
Plus: Allstate profit more than triples in the third quarter, World Business Chicago reboots economic development strategy, Johnson defends budget plan despite warning of credit downgrade and electrical equipment maker lays off 185 in shift from Illinois to Indiana.
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11/6/25: 17,000 Cook County homebuyers share tax hindrance
Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest from the local housing market, including Cook County tax bill delays causing homebuyer headaches.
Plus: The suite of health care bills passed by Illinois lawmakers, AAR inks big office lease at Merchandise Mart, GoHealth plans to cut nearly 500 more jobs and former Mayor Daley creates merchant bank with son and longtime associate.
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11/5/25: Cboe resets its sights for growth
Cboe is restructuring to capitalize on surging U.S. options trading and has tapped an industry veteran to lead its new retail trading segment. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.
Plus: City Council calls special meeting to grill Ernst & Young over budget audit, quantum park developers seek IEPA sign-off to begin work, Chicago Fed's Goolsbee more worried by inflation than job market and Manny's Deli steps in to support SNAP recipients amid federal shutdown.
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11/4/25: Chicago's uneven development landscape
Neighborhood development throughout the city continues to be lopsided. Crain's assistant managing editor Cassandra West joins host Amy Guth to talk about the most recent Forum’s focus on equitable development.
Plus: Chicago school board approves controversial $175 million pension payment to the city, AbbVie raises outlook on strong sales of mainstay drugs, New York firm picks up Niles shopping center for $40 million and Cameo sues OpenAI over trademarked name.
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10/31/25: Late rally saves Chicago transit
A bailout package for Chicago transit passed in Springfield as the Bears' stadium funding efforts were again shut out. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.
Plus: 1871 is on the move to Edelman's downtown HQ, Senate OKs energy bill that includes billions for battery storage and nixes nuke ban, Heartland Bank expands in Illinois and Missouri with $170 million CNB buy, and Baxter lowers guidance.
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10/30/25: Chicago's home price bull run slows down
Crain's residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including Chicago's narrowing lead over U.S. home price growth.
Plus: Fed cuts rates quarter point, sets end to balance-sheet runoff, GE HealthCare takes $100 million hit from tariffs, Kraft Heinz lowers sales outlook as CEO warns of worst consumer sentiment in decades and Mondelez also trims outlook, and a developer gets $94 million construction loan for the first phase of its Motorola campus remake.
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10/29/25: Shutdown fight drives big ACA premiums jump
Illinois residents will face steep hikes in ACA health insurance premiums next year. Crain’s contributor Jon Asplund discusses with host Amy Guth.
Plus: New York real estate firms raising big bet on Loop offices, American Airlines isn't pulling back in Chicago, Chicago Fire FC moving HQ to Wrigley Building and Trader Joe's coming to Fulton Market.
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10/28/25: Aldi banks on private label rebrand
Aldi is leaning into its own brand as private label sales surge. Crain's retail reporter Ally Marotti discusses with host Amy Guth.
Plus: Moody's gives Illinois another credit upgrade — its 10th under Pritzker; Bally's could open a sports bar at Midway, but without slot machines; Baker Tilly Germany weighs selling stake to private equity; and a newly built Fulton Market apartments up for sale.
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10/24/25: Big Ten's private equity play disrupted
The Big Ten's $2 billion proposed private equity deal was dealt a major blow in Michigan. Crain’s education reporter Brandon Dupré discusses with host Amy Guth.
Plus: A Google power deal could clear the way for a $1 billion carbon capture plant in Illinois, Rivian will pay $250 million to settle IPO class-action lawsuit, Aldi leans into its own brand as private labels boom and why eating a burger in Houston is less climate-friendly than in Chicago.
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10/23/25: Chicago-area counties diverge on tax sales
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how Illinois counties are split on handling delinquent tax sales after a Supreme Court rebuke.
Plus: Pritzker pushes back on head tax and Bears breaks — and urges transit action, Aqua tower apartments hit the market, Industrious opening second LaSalle Street co-working space, O'Hare sets record for summer travel and a Michael Jordan rookie card reportedly fetches $2.7 million in record sale.
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10/22/25: The battle over Chicago’s budget
Mayor Brandon Johnson's $16.6 billion budget revives the head tax and tests the limits of his support in the City Council. Crain’s reporter Justin Laurence discusses with host Amy Guth.
Plus: Cboe looks to extend options hours in overnight trading push, nearly 2 million Illinoisans set to lose SNAP benefits amid congressional stalemate, BDO faces a reputational test after the First Brands bankruptcy, Medline net sales in first half reach $13.5 billion ahead of IPO and Spirit Halloween to open Christmas-themed stores in Illinois this season.
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10/21/25: What's next for the Salt Shed
Owners of the Salt Shed music venue are eyeing adjacent property for possible expansion. Crain’s commercial real estate reporter Danny Ecker talks about those plans, and other changes happening along the North Branch of the Chicago River, with host Amy Guth.
Plus: Molson Coors cutting 400 salaried jobs amid weak beer demand, Bally's faces lender wrath on debt plan involving Chicago casino, Illinois health insurance marketplace opens amid federal budget stalemate, startup raises $7 million to develop mainstream gut biome test and Portillo's appears to be coming to Wrigleyville.
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10/17/25: New restaurants focus on neighborhood regulars
Crain's restaurants reporter Ally Marotti joins host Amy Guth to discuss the latest from Chicago's dining scene, including newly open hot spots counting on regulars to keep them afloat and a Logan Square brewery undaunted by the craft beer industry's tough moment.
Plus: Big Ten's $2 billion private equity deal dealt a major blow in Michigan, United Airlines says AI helped eliminate 4% of management jobs, developer gets $24 million construction loan for River North apartments, Verizon downsizes but extends its big Rolling Meadows office lease and a west suburban office landlord hit with $87 million foreclosure lawsuit.
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10/16/25: Winnetka bluff protection challenge dismissed
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk local housing news, including a judge tossing a lawsuit filed by lakefront mansion owners in Winnetka.
Plus: State Farm faces lawsuit from Illinois amid scrutiny over rate increases, state rep attempts to block Bears move to Arlington Heights, Stellantis announces it will make Jeep SUVs again in Belvidere and Chicago billionaire Justin Ishbia raises $850 million for new PE funds.
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10/15/25: Loop office-to-apartments plan faces legal hurdles
A Loop office tower slated for apartments won landmark approval from a city panel, but legal challenges for the project still loom. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.
Plus: Why vacancy isn’t dropping despite suburban office demand having just closed a big quarter; Johnson expected to revive head tax in 2026 budget plan; CTA plans 10% fare hike, joining Metra in raising rates; River North hotel seized by lender; and Cupich warns Trump's immigration raids erode human dignity.
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10/14/25: Illinois budget forecast darkens
Illinois says it's already facing a $267 million budget shortfall. Crain’s reporter John Pletz discusses with host Amy Guth.
Plus: Chicago auditor BDO cuts jobs under pressure from Apollo debt and client's collapse, Metra to increase fares to plug budget gap, cash-strapped CPS taps $200 million from credit line, Magnetar sold $1.9 billion in CoreWeave shares as insiders and investors started cashing in.
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10/14/25: Illinois budget forecast darkens
Illinois says it's already facing a $267 million budget shortfall. Crain’s reporter John Pletz discusses with host Amy Guth.
Plus: Chicago auditor BDO cuts jobs under pressure from Apollo debt and client's collapse, Metra to increase fares to plug budget gap, cash-strapped CPS taps $200 million from credit line, Magnetar sold $1.9 billion in CoreWeave shares as insiders and investors started cashing in.
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10/10/25: So you think you can trade
NinjaTrader is dangling $400,000 in prizes in its latest bid to lure retail traders. Crain’s finance reporter Mark Weinraub discusses with host Amy Guth.
Plus: French quantum company bringing American HQ to Chicago, Bally's pushback halts move to legalize video gambling in Chicago, Randhurst Village up for sale and Loop tower wins landmark panel OK as legal challenges loom.
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10/09/25: Illinois counties' tax sale case gets even shakier
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including a judge's decision putting Illinois counties on thin ice with property tax sales.
Plus: Thoma Bravo finalizes $5.5 billion Dayforce loan on high demand, flight delays pile up across U.S. as shutdown persists, UnitedHealthcare's pay cut to nurse anesthetists sparks federal discrimination complaint and a new Fulton Market development site hits the market.
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10/08/25: Plan for downtown transformation unveiled
Under a new city plan, downtown Chicago could more than double its population in the decades ahead. Crain’s commercial real estate reporter Rachel Herzog discusses with host Amy Guth.
Plus: Walgreens shuttering Old Post Office workspace, keeping Deerfield HQ; Illinois in the mix as Stellantis readies $10 billion U.S. reboot; developer pitches mid-rise building in northwest Fulton Market; and Chicago's largest accounting firms buck a national trend as layoffs sweep the industry.
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10/07/25: Breaking down Crain's latest 40 Under 40 class
Chicago's future is being built by this year's 40 Under 40 honorees. Crain’s assistant managing editor Ann Weiler joins host Amy Guth to talk about this year’s class of honorees shaping markets in finance, law, healthcare, real estate, hospitality, tech and the arts and sciences.
Plus: Johnson vows Chicago will fight to keep $2.1 billion in federal infrastructure grants, Colorado firm nears deal for Mag Mile office tower, Fifth Third to buy Comerica in year's biggest bank deal and airlines go beyond first class to adapt to luxury-seeking flyers.
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10/03/25: Funding uncertainty looms for Chicago transit
The Trump administration halted $2 billion for Chicago transit just as the RTA reassesses the coming fiscal cliff. Crain’s politics reporter Justin Laurence talks with host Amy Guth about the uncertain future for CTA and Metra service.
Plus: Soaring downtown office vacancy still hasn't peaked, Chicago economy lags as tariffs and high interest rates bite deeper, more food delivery robots are coming to the city and Chicago hotels set summer record, though profits prove elusive.
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10/02/25: Chicago housing market bucks national slowdown
In Chicago, the housing market is staying hot while the U.S. cools, and FOMO is fueling surge in Lake Geneva luxury market. Crain’s residential real estate reporter Dennis Rodkin discusses with host Amy Guth.
Plus: What the U.S. government shutdown means for Chicago's federal workers, Arlington Heights weighs Bears' stadium economic impact pitch, Chicago Fed's Goolsbee says new tariffs are renewing business uncertainty and West suburban Whole Foods trades for $17 million.
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10/01/25: Illinois defies Trump health care moves
Illinois announced its own vaccination guidelines, going against the Trump administration, and formed a panel to counter Robert F. Kennedy Jr.'s data collection efforts on people with autism. Crain’s contributor Jon Asplund discusses with host Amy Guth.
Plus: CFO optimism recovers as tariff uncertainty becomes the new normal, South Works site sold as quantum campus beckons, UChicago sells market data unit to Morningstar in $375 million deal and Spirit Airlines furloughs Chicago flight attendants.
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09/30/25: Michelin-starred chefs carve new paths
Top Chicago chefs are breaking away from the daily restaurant grind, trading fine dining for flexibility. Reporter Ally Marotti discusses with host Amy Guth.
Plus: A whistleblower accuses Loyola hospital of organ transplant fraud, private equity firm eyes move to Salesforce Tower, some Starbucks stores in Chicago are on the chopping block and Metra to test cafe cars with free snacks on select lines.
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09/26/25: Fire's South Loop stadium clears council hurdle
With approval by the City Council, Chicago Fire FC's plan for a $750 million soccer stadium passed a major milestone. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.
Plus: American loses bid to stop O'Hare gate shuffle, Pritzker forms panel to counter RFK Jr.'s autism data efforts, City Council OKs coach house legislation with restrictions and Old Post Office owner nearing deal for massive Loop office building.
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09/25/25: More Chicago brokerages join Compass' empire
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including Compass scooping up the 2nd-largest Chicago-area residential brokerage in its latest mega-deal and a $120 million art collection going up for auction at Sotheby’s.
Plus: Pritzker tells agencies to look for 4% budget cuts, CHA reportedly picks team for 7-acre Cabrini-Green project, Museum of Science & Industry workers take step toward strike and Portillo's CEO is out effective immediately.
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09/24/25: Chicago dealmakers outpacing the U.S.
Dealmaking here is ahead of the curve despite a slower than expected ramp-up. Crain’s finance reporter Mark Weinraub talks about the local M&A landscape with host Amy Guth.
Plus: Capital One cutting nearly 400 jobs in latest layoffs tied to Discover acquisition, gunmaker Glock must face Chicago's lawsuit over gun mods, Algonquin Commons shopping center sold for $100 million after revamp and Illinois joins FTC suit against Ticketmaster and Live Nation over ticket resales.
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09/23/25: Chicago's moment in the culinary spotlight
The national buzz around Chicago's food brands is colliding with reality. Crain’s restaurants reporter Brandon Dupré discusses with host Amy Guth.
Plus: Thoma Bravo buying software firm PROS for $1.4 billion in latest tech deal, Molson Coors names new CEO in push beyond beer, developer pitches 56-story residential tower for Mag Mile and Chicago dealmaking ahead of the curve despite slower than expected ramp-up.
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09/19/25: A split alone won't fix Kraft Heinz's problems
With Kraft Heinz's breakup official, Crain's consumer products reporter Ally Marotti talks with host Amy Guth about what’s ahead for the newly formed companies.
Plus: Chicago Fire, Related Midwest win city panel OK for South Loop soccer stadium; AutoNation acquires Fletcher Jones Mercedes and Audi dealerships in Chicago; West Monroe buys California energy consultancy amid growth push; and O'Hare, Midway rise in latest customer satisfaction rankings.
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