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Board of Education passes $9.9B budget despite pushback from CTU, Johnson
This story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters. Create your free account to continue reading. The new donation builds on a $20 million initiative Trott's family foundation started last year with schools like his alma mater, the University of Chicago. The partnership gives Orange...
Griffin purchased St. Tropez mansion just before buying dinosaur
Ken Griffin has amassed trophy real estate across the US, including some of the most expensive homes in the country in Manhattan and Palm Beach. He’s now taking his spending spree to the French Riviera. Subscribe and get unlimited access to Crain's Chicago Business. Perhaps best known to Chicagoans...
WeatherTech owner tests private-equity buyout interest
MacNeil Automotive Products is in the early stages of reviewing interest from potential buyers, including some private equity firms, according to a report by PE Hub. Subscribe and get unlimited access to Crain's Chicago Business. The move sets the stage for a possible courtroom confrontation with relatives of those who...
Gas prices around Chicago surge after tornado shuts refinery
US drivers in the Great Lakes region are paying higher prices at the pump after a tornado took Exxon Mobil Corp.’s Joliet refinery offline. Subscribe and get unlimited access to Crain's Chicago Business. Who's moving in and out of Chicago? Fed trackers reveal some surprises. The results vary dramatically...
A touch of glass in a Mies building on Lake Shore Drive
A dozen years ago, when Ilene and Bruce Duhan moved from New York to Chicago to be near their grandchildren, the shift of locales also brought them closer to someone they had long admired, Ludwig Mies van der Rohe. Subscribe and get unlimited access to Crain's Chicago Business. The house...
Endotronix being acquired by California life sciences company
Heart failure tech developer Endotronix is being acquired by Edwards Lifesciences a month after receiving regulatory approval for its implantable pulmonary artery sensor. This exclusive Health Pulse content is only available to Health Pulse subscribers. Get a full year of access to Health Pulse + all Crain's Chicago articles and...
Mastercard, JPMorgan in FTC study on consumer pricing
US regulators are examining how companies including Mastercard Inc., JPMorgan Chase & Co. and a portfolio company of a Goldman Sachs Group Inc. unit provide clients with algorithms that use consumers’ personal data to tailor product pricing to individuals — what the agency termed “surveillance pricing.”. Subscribe...
A Prairie-style gem in Brookfield: Crain's Daily Gist podcast
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 Kamala Harris; Medline exploring IPO, with possible valuation of $50...
Northwestern biotech spinout raises $45 million
Biotech startup Vanqua Bio has raised more money from investors to help it continue developing drugs to treat Parkinson’s and Alzheimer’s diseases. Subscribe and get unlimited access to Crain's Chicago Business. CVS Caremark, one of the nation's largest PBMs, will pay Illinois for rebates the state claims CVS...
Reckitt to review baby formula unit amid legal woes
Reckitt Benckiser Group Plc plans to sell some homecare brands and review options for its infant formula business as the consumer company seeks to revive growth after a period of poor performance. Subscribe and get unlimited access to Crain's Chicago Business. Better-than-expected performance at the medical supplies giant has encouraged...
Geopolitical uncertainty boosts CME's bottom line
Surging trading volumes supported strong earnings growth at CME Group, with investors across a broad range of asset classes using the exchange’s products to hedge global risks. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and finance reporter for Crain’s Chicago Business. He...
Byron Trott gives top colleges $150 million for rural recruitment
Byron Trott, who grew up in a small Missouri town and became one of the world’s top bankers, will spend $150 million over 10 years to help more private colleges and public universities recruit rural students. Subscribe and get unlimited access to Crain's Chicago Business. The partnership gives Orange...
Democrats finalize plan to nominate Harris before DNC
A panel of Democratic stalwarts will meet Wednesday to complete a rule change to allow Vice President Kamala Harris to accept her party’s nomination for president weeks in advance of the party’s convention in Chicago. Subscribe and get unlimited access to Crain's Chicago Business. “The path through the...
Chicago's donor class opens its pockets for Harris
As Vice President Kamala Harris tightens her grip on the Democratic nomination for president, her campaign has announced record fundraising hauls that have calmed fears that uncertainty at the top of the ticket would give donors pause. Subscribe and get unlimited access to Crain's Chicago Business. Justin Laurence is a...
PNC van tours South, West sides in bid to reach the ‘unbanked’
Jaliyah Winston was driving through West Pullman when she noticed a blue and orange van bearing the name PNC set up outside a local community resource center. Twenty-five minutes after filling out an application, the 23-year-old had a new checking and savings account. Subscribe and get unlimited access to Crain's...
Medline exploring IPO, with possible valuation of $50 billion
Medline Industries Inc. is exploring an initial public offering that could value the medical supplies giant at as much as $50 billion, people familiar with the matter said. Subscribe and get unlimited access to Crain's Chicago Business. Rush health system’s computer systems were impacted by the global outage last night,...
After floating Jamie Dimon for Treasury secretary, Trump denies he ever did
Former President Donald Trump is disavowing a previous statement that he would consider JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon for Treasury secretary — and denied that he was considering BlackRock Inc.’s Larry Fink, too. Subscribe and get unlimited access to Crain's Chicago Business. Her biggest...
Intersect Illinois hires physicist to recruit quantum companies
Intersect Illinois, the public-private group that takes the lead in recruiting companies to the state, has hired a chief quantum officer from the University of Chicago. Subscribe and get unlimited access to Crain's Chicago Business. “I don’t think it’s too early to call it: This will be the largest IT...
Walgreens wins $25M federal grant for COVID vaccine trial
Walgreens will conduct a Phase IV clinical study of responses to COVID-19 vaccines using a wealth of data from its nationwide network of pharmacies, the Deerfield-based company announced today. The trial is backed by a $25 million grant from the federal Biomedical Advanced Research & Development Authority, or BARDA. It...
Kamala Harris vows to 'put my record' against Trump's in Milwaukee rally
Vice President Kamala Harris assailed Republican Donald Trump in her first rally since launching her bid for the White House, characterizing their contest as a choice between two starkly divergent agendas for the US economy. Subscribe and get unlimited access to Crain's Chicago Business. The roll call at the Chicago...
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