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Crain’s Daily Gist — Business
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.

Latest Episodes:

06/05/24: Ascension outsourcing gets senator's attention Jun 04, 2024

Show notes

One of the U.S. senators investigating private equity’s push into health care is now targeting Ascension Illinois over its move to outsource some hospital staff. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

Plus: IBM eyes a quantum computing play in Chicago, South Loop apartment tower handed over to lender, investor weighing sale of Oak Street retail corner and Boeing 737 deliveries to China still halted amid restart reports.

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06/04/24: Cannabis vs. craft brewing in Springfield Jun 03, 2024

Show notes

Amid declining sales, many craft brewers have turned to hemp-derived THC drinks, which just avoided tighter restrictions in the General Assembly despite cannabis companies' lobbying efforts. Crain's consumer products reporter Ally Marotti discusses with host Amy Guth.

Plus: Waste Management agrees to buy Stericycle in $7.2B deal, Boeing executives unlikely to be charged for 737 Max crashes, Deere to cut some salaried workers, Fulton Market apartment building set for hotel conversion and Rivian CEO expects U.S. EV growth to pick up with more model choices.

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06/03/24: A first-of-its-kind carve-out for retailers May 31, 2024

Show notes

A last-minute measure tucked in the Illinois budget meant to give retailers a break is infuriating airlines and credit card companies. Crain’s politics reporter Leigh Giangreco discusses the provision with host Amy Guth.

Plus: Michigan Avenue office landlord hit with $29 million foreclosure lawsuit, Oberweis Dairy sold in bankruptcy auction, FAA vows to maintain scrutiny on Boeing, why Amazon now owns a big slice of Grubhub and Columbia College Chicago lays off 70 staffers amid budget crisis.

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05/30/24: Rising home prices clear two milestones May 29, 2024

Show notes

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about news from the local housing market, including how Chicago-area home prices have doubled since 2000 and the median price of homes sold hit a new record in April, even surpassing the usual peaks in summer months.

Plus: After working through the night, state lawmakers finalize $53.1 billion budget; CPS releases schools budget under new funding formula as $391M deficit looms; local investor buys distressed offices next to Oakbrook Center mall; and a South Loop skyscraper development site handed over to lender.

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05/29/24: Kaegi tips his hand on downtown assessments May 28, 2024

Show notes

Newly released West Loop assessments hint at Fritz Kaegi’s rosier view of downtown offices. Crain’s commercial real estate reporter Danny Ecker talks with host Amy Guth about the first batch of numbers that point to what the Cook County assessor thinks happened with downtown office building values over the past three years.

Plus: A look at the new concourse coming to O'Hare, medical waste disposal firm Stericycle is exploring a sale, T-Mobile buying U.S. Cellular assets in $4.4 billion deal and EU slaps Mondelez with price-manipulation fine as, separately, some shareholders say company isn't doing enough on Russia.

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05/28/24: How Oberweis, and others, went bankrupt May 24, 2024

Show notes

Crain's restaurants and retail reporter Ally Marotti talks with host Amy Guth about recent bankruptcies and closures, including those of Oberweis Dairy, Red Lobster and the parent company of Foxtrot and Dom’s Kitchen & Market.

Plus: West Loop assessments show Kaegi's rosier view of downtown offices, change comes to the Duchossois dynasty, condo board terminates $96 million deal to sell Loop tower, Lettuce Entertain You bringing two new concepts to River North and Lagunitas reports layoffs ahead of Chicago departure.

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05/23/24: The West Loop's priciest home May 22, 2024

Show notes

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from around the local housing market, including the second-highest sale price of 2024 and multimillion-dollar Highland Park condos attracting empty-nesters from downtown.

Plus: LanzaJet lands $20 million as its green jet fuel prepares for takeoff, Lurie out of the woods after cyberattack, developers propose nearly 1,800 apartments for Fulton Market and Wilson Sporting Goods gives Caitlin Clark a signature basketball line.

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05/22/24: Protesters prep for the DNC spotlight May 21, 2024

Show notes

From prosecutors to legal coaches for protesters, preparations are underway for the Democratic National Convention this summer in Chicago. Crain’s politics reporter Leigh Giangreco talks with host Amy Guth about lawyers making the rounds with protesters and plans from various agencies, including the Cook County State’s Attorney’s Office.

Plus: Legislature looks at tax breaks for quantum computing; WeWork shuttering Fulton Market location, keeping others in Chicago; Tempus, Chicago's biotech darling, files to go public; Fitch lowers the University of Chicago's financial outlook to negative; and U.S. to deploy more than $50 million to shield private hospitals from cyberattacks.

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05/21/24: A long-awaited day for cannabis biz May 20, 2024

Show notes

The Justice Department has taken initial steps in the formal process to reschedule marijuana as a less dangerous drug. Crain’s cannabis reporter John Pletz talks with host Amy Guth about what the move would mean for the bottom line of Chicago cannabis companies.

Plus: Johnson hints at a new tax on professional services, major construction at O'Hare won't start till next year, developer unveils renderings for $1.1 billion project near casino site and Crain's brand-new list of top architecture firms.

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05/20/24: The new restaurants you should know May 17, 2024

Show notes

Crain's restaurants reporter Ally Marotti talks with host Amy Guth about the best new spots for lunch, dinner or drinks downtown.

Plus: Chicago won't give up nearly $50 million it's owed under Bears proposal, United Airlines says FAA has lifted operational freeze in safety review, ING says airfares can only keep rising due to supply chain problems, overhaul of Lincoln Park shopping center could include 500-unit apartment tower and Mondelez faces shareholder vote on human rights in Russia.

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