Crain's Daily Gist

After a successful Democratic National Convention, it's back to work this week for the party. Crain’s politics reporter Justin Laurence joins host Amy Guth to talk what's next for pols around Chicago.Plus: Powell says the "time has come" for Fed to cut interest rates, O'Hare plans to sell $1 billion in bonds as terminal project moves ahead, enrollment cliff has Illinois' public universities seeing red, the state's vision for Peotone airport includes some surprises and downstate Cairo is 3D printing affordable housing.

From Gov. J.B. Pritzker's much sought-after time in front of a national audience to Sen. Tammy Duckworth getting a few jabs in on Donald Trump and blistering messages from the Obamas, Crain’s politics reporter Justin Laurence and host Amy Guth recap the major events of the DNC's first days.Also, Crain’s residential real estate reporter Dennis Rodkin discusses news from the local housing market, including a big change in how residential real estate commissions are assigned.Plus: Hyatt to buy Standard International for up to $335 million, Ford cancels plans for electric SUV and a River North office skyscraper owner pays off $431 million loan.s off $431 million loan. 

With the Democratic convention underway, Chicago's biggest hospital aims to bring attention to health care inequality by openly asking the public a stark question near the United Center. Crain’s health care reporter Katherine Davis discusses that and union action on the Illinois Medical District during the convention with host Amy Guth.Plus: Johnson plays both progressive leader and city host at the convention, UAW president calls out Stellantis on Belvidere plant, Kroger seeks to block FTC case against Albertsons acquisition and developers plan warehouse-to-apartment conversions in the West Loop.

A confidant of Mayor Brandon Johnson sparked concern among corporate donors by soliciting significant contributions to a political nonprofit planning to throw a week’s worth of DNC events. Crain’s politics reporter Justin Laurence discusses with host Amy Guth.Plus: J.B. Pritzker's turn as DNC host vaults him to national stage, Cboe looks to return $500 million to investors, new entertainment concept planned at former Lawry’s space and activist investor takes stake in Portillo's.

The candy giant Mars is moving in to buy Chicago snack maker Kellanova for an eye-popping $36 billion. Crain's reporter Ally Marotti talks with host Amy Guth about the companies’ timeline, potential roadblocks and Kellanova CEO Steve Cahillane’s $81.4 million exit plan.Plus: Rivian pauses output of Amazon’s EV delivery van on parts shortage, bank biz sues Illinois over first-of-its-kind change to credit card fees, Mag Mile retail property handed over to lender and Illinois bans legacy admissions at public universities.

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth to recap news from the local market, including the Chicago area's highest-priced home for sale — a $35 million lakefront Winnetka mansion.Plus: Mars buys Chicago snack maker Kellanova in $36 billion deal, Hobson's out as Starbucks chair as board jettisons CEO, private-equity firms gear up for deals after slow start to the year and how Chicago smashed its fundraising goal for the DNC.

The family that bought Oberweis Dairy has also been grabbing pieces of Mackinac Island and is working to patch up a ferry fleet in dire straits. Crain’s Grand Rapids Business reporter Rachel Watson discusses with host Amy Guth.Plus: Snelling says CPD will intervene the "moment" DNC protests turn violent; Bears surveying fans on what they want from a new stadium; Carlyle to buy Baxter's kidney-care unit for $3.8 billion; Northwestern lands naming rights deal for temporary lakefront stadium; and the DNC was supposed to fill hotels — but one week out, that hasn't happened.

Crain’s health care reporter Katherine Davis and analyst Sophie Rogers join host Amy Guth to discuss Chicago’s aim for a progressive approach to its mental health crisis.Plus: Illinois now has blueprint for K-12 schools to teach dangers of overdose, Western Illinois University lays off more staff in second round of cuts, how much Amex pocketed on the sale of Itasca's Accertify and the city delays $643 million bond deal due to market volatility.

Mayor Brandon Johnson is facing a budget gap that could reach nearly $1 billion. Crain’s politics reporter Justin Laurence discusses the city’s plans with host Amy Guth.Plus: Boeing's new CEO touts transparency and plans to talk the factory floor, Bluhm makes $56 million bet on Mag Mile vertical mall, Walgreens sells $750 million in its upsized first junk bond sale, Morningstar targeted in lawsuit over one of its investment tools and Ford's Chicago plant faces the future of EVs.

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to break down the latest Chicago real estate data.Plus: Johnson under pressure as budget gap could reach nearly $1 billion, Rivian net loss widens to $1.46 billion despite sales gains and cost cutting, Oak Park apartment complex sold to California investor and parent companies of Mariano's and Jewel pressured by investor group over abortion pill sales.

Crain's health care reporter Katherine Davis talks with host Amy Guth about why CVS is doubling down on primary care with new clinics while its competitors are backpedaling.Plus: What’s next for Pritzker after the veepstakes, Damen Green Line Station opens two weeks before the DNC, historic State Street buildings to avoid the wrecking ball and Goolsbee says Fed is less reactive than markets — and won't overreact.

Crain's restaurants reporter Ally Marotti talks with host Amy Guth to discuss the latest from the dining world, including two new Latin American eateries downtown and the owners of Adalina expanding in the Gold Coast.Plus: Global stock meltdown triggers "mad rush" for Treasuries, Walgreens cashes in $1.1 billion of Cencora stock, Kellanova soars as Mars weighs deal for the snackmaker and Chicago's largest foundations see increase in 2023 assets.

Crain’s contributor Margaret Littman joins host Amy Guth to discuss the complex considerations around whether stadiums are a smart use of taxpayer money.Plus: Chicago biz leaders urge Kamala Harris to pick J.B. Pritzker as veep, JPMorgan dragged into fight over one of Chicago's oldest hotels, Loop office-to-residential conversion at risk as distressed tower hits the market and Dick Durbin seeks major boost in quantum funding.

Crain’s residential real estate reporter Dennis Rodkin joins host Amy Guth to talk news from the local housing market, including the story behind a condo for sale in one of the very first Mies van der Rohe buildings on Lake Shore Drive and the legal fight over a Sonoma-style Galena resort project.Plus: Boeing names Kelly Ortberg as new CEO, Deere adds nearly 300 HQ staff to mounting layoffs, record payouts on biggest U.S. grid signal costs of reliable power and U.S. Soccer to sell $200M of debt to finance Chicago-to-Atlanta HQ move.

Crain's restaurants reporter Ally Marotti joins host Amy Guth to discuss some new eateries around town worth keeping an eye on.Plus: Survey predicts M&A deal pickup in second half of 2024, J.B. Pritzker signs measure to expand abortion coverage, behavioral health provider expanding with Far South Side clinic and CTA's Red Line extension gets new financial help from the feds.

Crain’s politics reporter Justin Laurence talks with host Amy Guth about the coming Democratic National Convention, from the newly announced restricted zones to Chicago donors opening their pocketbooks for Kamala Harris and J.B. Pritzker playing coy about potentially being her running mate.Plus: McDonald’s sales fall for first time since 2020, Fed expected to signal September rate cut at this week's meeting, Jewel and Mariano's parents put merger on ice to fight Colorado challenge and Crain's brand-new list of top construction firms.

A huge quantum computing campus, much pursued by Gov. J.B. Pritzker, is coming to the former U.S. Steel South Works site. Crain’s technology reporter John Pletz talks with host Amy Guth about the development coming to the long fallow South Side spot.Plus: Bally's agrees to hedge fund buyout, Boeing completes deal to plead guilty over 737 Max crashes, restricted zones during the DNC, and Pritzker touts Illinois' cannabis social equity program as one poised to be a "national standard."

Crain’s residential real estate reporter Dennis Rodkin talks with host Amy Guth about top stories from the local housing market, including a historic Prairie-style kindergarten turned home for sale in Brookfield.Plus: Chicago's donor class opens its pockets for Harris; Medline exploring IPO, with possible valuation of $50 billion; Cboe to offer traders another way to hedge S&P 500 swings; and Intersect Illinois hires physicist to recruit quantum companies.

The owners of the United Center want to build a $7 billion mixed-use campus around the stadium. Crain's commercial real estate reporter Danny Ecker discusses the proposal with host Amy Guth.Plus: Pritzker says he's not being vetted as a Harris running mate; Foxtrot applies for liquor licenses, as does grocer replacing Dom’s; United Airlines, feds forge climate deal to track greenhouse gas data in the sky; Lurie to expand mental health training for primary care docs; and Ariel's John Rogers tapped for top post at Economic Opportunity Coalition.

Crain’s political columnist Greg Hinz talks with host Amy Guth about Joe Biden’s exit from the 2024 presidential race, local support for Kamala Harris, her possible running mates and the upcoming DNC.Plus: Sterling Bay continues Fulton Market sell-off, California investor picks up Oak Park apartments for $60 million, ex-NBA owner in talks to buy distressed former Groupon HQ and the biggest bank in Chicago just keeps growing.