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Crain's Daily Gist

Author: Crain's Chicago Business

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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. Presented by Wintrust.
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Crain's retail reporter Ally Marotti talks with host Amy Guth about the abrupt closure of Foxtrot and Dom’s Kitchen & Market.Plus: Bears angling for huge cut of cash-flow pie at new stadium — including concerts; Walgreens launches gene, cell therapy pharmacy business; Boeing prosecutors aim to decide on criminal charge over Max crashes by June; and Art Institute defends its ownership of artwork prosecutors say was stolen during the Holocaust.
Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including how affordability here is the lowest it’s been in at least 17 years.Plus: Foxtrot and Dom's facing lawsuit one day after shuttering stores, Southwest cutting more than a third of its flights at O'Hare, Skokie office complex sold to developers at a staggering discount and Chicago's largest privately held companies see another year of growth.
Crain’s reporters Katherine Davis and Brandon Dupré talk with host Amy Guth about local labor movements in the worlds of health care, academia, and arts and culture.Plus: At O'Hare, senators sound an optimistic note despite earlier turbulence; Reinsdorf offers to open wallet for new Sox stadium; ADM says CFO will resign after accounting probe; and Moody's looks positively at Illinois.
AbbVie's Humira dam is beginning to crack. Crain’s health care reporter Katherine Davis talks with host Amy Guth about how the tide appears to be turning as CVS' pharmacy benefit manager replaces the blockbuster drug on its formulary list.Plus: City Council greenlights Johnson's plan to pump $1.25 billion into housing and development, ShipBob picks JPMorgan to lead IPO, ex-Citadel exec's trading firm expanding and moving to revamped Loop tower, and how Chicago's venture-capital and startup scene stacks up globally.
Mary Dillon's Foot Locker turnaround plan has Wall Street tapping its feet. rain's retail reporter Ally Marotti talks with host Amy Guth about the former Ulta CEO’s plans so far.Plus: Sterling Bay looks to sell more properties next to Lincoln Yards, Rivian cuts more jobs with woes mounting for electric vehicle market, watchdog group reportedly asks feds to probe Trump Chicago tower loan and police oversight chief defends herself amid criticism from city’s top cop.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including a lawsuit that aims to stop Illinois counties from selling homes over unpaid taxes.Plus: Ukrainian PM makes pitch for U.S. defense dollars on Chicago visit; struggling Walgreens lays off more workers; weed stocks have seen a lift, but it's still a roller-coaster ride; and United forecast tempers anxiety over expansion plans.
Mayor Brandon Johnson's request for an $70 million to care for those seeking asylum who have been sent to Chicago, is advancing to the City Council. Crain’s politics reporter Justin Laurence discusses the latest with host Amy Guth.Plus: World Business Chicago names new CEO, American Airlines pilots cite "significant" jump in safety issues, developer tweaks plan for Fulton Market apartment complex and digital textbook company expands HQ and heads to the Loop.
Barnes & Noble could turn the tide for a once-thriving shopping corridor that runs between Wicker Park and Bucktown. Crain's retail reporter Ally Marotti talks with host Amy Guth about a possible recovery for Damen Avenue.Plus: McDonald's CEO's compensation rose 8% last year, Oberweis Dairy files for bankruptcy protection, Blackstone leads $2 billion private loan for GTCR-backed data center operator and Bally's Chicago local tax revenue grew in March.
At City Hall, a progressive crusader has stepped into the chief of staff role. Crain’s Leigh Giangreco talks with host Amy Guth about Cristina Pacione-Zayas, the newest member of the city’s “Core Four.”Plus: The city rejects a new revenue source in Sox and Bears stadium talks, Illinois awards another $25 million to build EV chargers, CPD tells City Council DNC security maps to be released in early July and Uber is adding taxis to its app in Chicago.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about recent home sales, including an upper-floor St. Regis condo that sold at almost $1.2 million lower than its 2021 price.Plus: Johnson urges calm after video of Humboldt Park police shooting released, Boeing whistleblower alleges 'shortcuts' taken on 787, Bears recruit Andrea Zopp as a legal adviser as stadium push rolls on and court allows Obama Center construction to keep moving.
Mayor Brandon Johnson sat down with Crain’s to mark the one-year anniversary of his election. Crain’s reporter Justin Laurence joins host Amy Guth to recap the conversation that spanned the DNC and 2024 presidential election, the failed "Bring Chicago Home" ballot measure, as well as stadium subsidies for the Chicago Bears.Plus: United Airlines delays two new routes amid FAA safety review, Roz Brewer added to Black Economic Alliance board, music equipment marketplace moving HQ to the Salt Shed and Boeing's 777 'gliders' signal more cash woes.
Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about CTA ridership, particularly about a growing cluster of riders swapping their Ventra cards for car keys as the agency struggles to get back to pre-pandemic service levels.Plus: Restaurateur's plan for Goose Island dining and entertainment complex scrapped, Durbin wants Buttigieg to broker O'Hare expansion, Blackstone to pay $10 billion for apartment company and a judge orders Motorola rival to pay $1 million-a-day fine and suspend sales.
The South Works site and a Lockport refinery are being considered for a potential quantum computer factory. Crain’s reporters Danny Ecker and John Pletz talk with host Amy Guth about their recent reporting on the two massive industrial sites PsiQuantum is mulling for the project.Plus: Bears sit down with agency that would subsidize their lakefront stadium, federal and local law enforcement meet to assemble DNC game plan, Hines buys Clybourn Corridor retail center, Thoma Bravo targets $20 billion for next buyout fund and Chicago is the third-best U.S. city for food and drinks, according to Food & Wine magazine
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local market, including a new documentary series about the city's long history of property ownership racism and redlining.Plus: Moody's says office vacancy rate nears 20%, Chicago's 2024 James Beard finalists announced, JPMorgan takes big loss in $80 million Streeterville apartment sale, S&P data says women have lost C-suite seats in corporate America.
Crain's restaurants reporter Ally Marotti talks with host Amy Guth about how some Chicago operators are pulling off composting after years of wishing it could be done.Plus: City adds $11 million helicopter to CPD fleet with help from DNC grant, Rivian beats production and delivery estimates, UChicago Medicine medical residents look to form union and City Council angling for power on whether to end ShotSpotter contract.
Acquiring VillageMD, once a centerpiece of Walgreens' health care ambitions, lost the pharmacy chain nearly $6 billion. Crain's health care reporter Katherine Davis discusses with host Amy Guth.Plus: Committee ordinance would require public data on migrant evictions, University of Illinois extends president Tim Killeen's contract, big Oak Park apartment complex hits the market and United asks pilots to take unpaid leave due to Boeing delays.
Tabulating the state's attorney race may have seemed like it was taking a minute, but the Chicago Board of Elections says the count is still within the letter of the law. Crain's politics reporter Leigh Giangreco discusses the race and how mail-in ballots may change how we think about election night results.Plus: Discover CEO resigns weeks after starting the job, Old National Bank CFO facing child molestation charges, former staff of Signature Room to get $1.5 million in back pay, Uncle Julio’s abruptly closes after 3 decades in Lincoln Park, Blommer laying off more than 200 workers with plant closure and Northwestern files application for a temporary on-campus stadium.
Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how a Winnetka site may finally get a new residential building after twelve years while a judge's ruling will keep a fallow River Forest condo site empty for longer.Plus: Moody’s downgrades Bally's rating, developer lists 327-unit apartment portfolio in northwest suburb, Advocate proposes $52 million outpatient center in Naperville and despite Walgreens' efforts, patients aren't flocking to retail clinics.
Ascension is outsourcing workers at its 10 Chicago-area hospitals to a staffing firm owned by private equity. Crain’s health care reporter Katherine Davis talks with host Amy Guth about changes coming to the nonprofit health system.Plus: United Airlines in FAA's review penalty box, TransUnion nearly doubles Illinois job cuts, developer plans 72-unit apartment building north of Fulton Market and Easter egg price hikes are just the start as cocoa soars.
We now know what the Chicago Bears have in mind for the Museum Campus — and how much it would cost taxpayers. Crain’s politics reporter Justin Laurence discusses the team's stadium plans with host Amy Guth.Plus: Boeing's CEO to step down in overhaul triggered by its safety crisis, aviation authorities consider drastic measures to curb growth at United after incidents, Chicago Fed chief sees three rate cuts this year as inflation cools and Blommer closing Chicago chocolate factory.
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