Crain's Daily Gist

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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about the latest news from the market, including a record year brewing in the upper reaches of Chicago-area housing.

Plus: American squares off in court against city and United over O'Hare gates, measure legalizing video gambling in Chicago advances over Johnson's objection, health care fraud unit notches first indictment with alleged $17.3 million fake claims scheme and Illinois lays new pathway for internationally trained doctors to earn licenses here.

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A city task force has floated $2 billion in recommendations to close Chicago's budget gap. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.

Plus: The 50 largest law firms in the Chicago area, Madison Industries mulls $10 billion-plus Filtration Group sale, Chicago Sports Network's founding CEO steps down in leadership transition and Medline expands AI supply chain tool with Northwestern, Providence partnership.

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Crain’s commercial real estate reporter Rachel Herzog talks with host Amy Guth about the Chicago-area apartment market.

Plus: As Trump steps up Fed attacks, Chicago finance execs weigh in; Tempus gets FDA OK for AI-driven cardiac image analysis; former Mars Wrigley exec pleads guilty to $28 million in fraud charges; and GTCR buys SimpliSafe in deal expanding its home security portfolio.

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Crain’s 2025 list of the best places to work puts the spotlight on 100 Chicago-area companies that are offering workers the benefits, perks and support they need to thrive. Crain’s assistant managing editor for special projects Ann Weiler talks about this year’s list with host Amy Guth.

Plus: Developers line up $96 million in financing for West Loop apartment tower, Rivian recalls more than 24,000 vehicles over highway assist software fix, Merchandise Mart lands new lease with health care consultancy and Cboe leans into crypto in latest bid to woo retail traders.

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Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local market, including  jittery homebuyers walking away from their contracts and new data on Fritz Kaegi's property tax assessments.

Plus: PsiQuantum raises $1 billion to help fund Chicago quantum computer, Potbelly to be acquired by convenience store chain in $566 million deal, Supreme Court to weigh Trump tariffs in case tied to Chicago toymakers and Fire South Loop soccer stadium wins alderman's blessing — if Sox stay away.

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Illinois is considering moving ahead independently on vaccines as longstanding federal immunization expertise is dismantled. Crain’s contributor Jon Asplund discusses with host Amy Guth.

Plus: Bears CEO invokes Super Bowl in latest bid to gain support for move to Arlington Heights, developers sue Loop tower owner over office-to-residential plan, Kin Insurance raises another $50 million for push into high-risk markets and Chicago medtech startup adds mHub and Endeavor Health to $10 million seed round.

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The Department of Homeland Security says its Chicago immigration crackdown, which many anticipated for weeks, has begun. Crain’s reporter John Pletz discusses with host Amy Guth.

Plus: Chicago Fed chief wants inflation data before making rate call, Chicago investor sells Park Forest apartments for $23 million, ex-Mayer Brown attorneys launch Akin Gump's Chicago office and Northwestern first to integrate Tempus' AI assistant into health records system.

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Crain’s education reporter Brandon Dupré talks with host Amy Guth about Northwestern University President Michael Schill’s resignation amid blowback from the Trump administration.

Plus: Citadel's former Loop office tower HQ goes up for sale, Madison Dearborn buys NFP wealth businesses back from Aon for $2.7 billion, Chicago e-commerce platforms combine to create $3.5 billion firm and the Vatican picks two Chicagoans to open the first restaurant at the Pope's summer estate.

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Crain’s residential real estate reporter Dennis Rodkin and host Amy Guth discuss the latest news from the local housing market, including a suburb ranked as the safest and wealthiest town in the U.S. for the second year in a row and the rehab of an East Garfield Park mansion aiming to spotlight to city’s West Side.

Plus: Pritzker says Texas Guard is prepping for Chicago posting as Trump vows federal action, Ulta raises sales outlook in signal of consumer strength, Advocate becomes latest health system to halt gender-affirming care for minors and McDonald's CEO says...

With its purchase and breakup of Walgreens Boots Alliance finalized, Sycamore Partners has installed a new CEO. Crain's contributor Jon Asplund talks with host Amy Guth about the future of the now-private retail pharmacy giant.

Plus: Kraft Heinz to split into two separate public companies, judge rules Trump's L.A. troop deployment violated federal law, Johnson signs order to brace for potential immigration crackdown, downtown apartment rents continue to climb with little being built and Grubhub settles false advertising class action for $7 million.

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The University of Chicago is laying off staff and making budget cuts, while growing legal costs are weighing on Northwestern. Crain’s education reporter Brandon Dupré talks with host Amy Guth about the latest struggles for Chicago's prestige universities.

Plus: With takeover complete, Walgreens' private equity owner installs Staples execs in top jobs, Capital One laying off 215 at former Discover headquarters in Riverwoods, Naperville apartments trade for $136 million in highest-priced suburban sale of 2025 and Chicago Amtrak routes see fastest ridership growth in the nation.

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A federal shakeup of SNAP will mean more stress on food distribution around Illinois. Crain’s contributor Judith Crown discusses with host Amy Guth.

Plus: UIC medical school under congressional scrutiny in antisemitism probe, Trump team is weighing options to extend influence to Fed banks, U.S. attorney's Chicago office launches health care fraud unit and developer buys Gold Coast site for $39 million.

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Developers redrawing plans for the northern portion of the former Lincoln Yards site have shared more details on the project. Crain’s commercial real estate reporter Danny Ecker discusses with host Amy Guth.

Plus: Thoma Bravo strikes $2 billion software deal as private equity rebounds, DOJ demands all Illinois voter data by Labor Day, local investors buy distressed River North office building and Waterton lists big South Loop apartment complex.

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