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Feds will seize Rishi Shah's $8 million mansion
Federal authorities will seize the $8 million Near North Side mansion that Rishi Shah, the Outcome Health founder who's been convicted on multiple counts of fraud and is awaiting sentencing today, bought in 2018. Subscribe and get unlimited access to Crain's Chicago Business. The neighbor leading opposition to demolishing the...
Blue Cross Illinois parent watches revenue soar
The owner of Blue Cross & Blue Shield of Illinois, the state's largest insurer, saw premium revenue rise 11% last year as the company added new customers and hiked rates amid ever-increasing health care costs. Subscribe and get unlimited access to Crain's Chicago Business. Former R.R. Donnelley CEO Bill Davis...
McDonald's CEO: 'Not nearly enough' from Johnson on crime
McDonald's CEO Chris Kempczinski believes Chicago is still a compelling city for the company's headquarters but thinks Mayor Brandon Johnson has done "not nearly enough" to combat crime — a key focus for executives at the fast food giant who are watching as other companies leave the city. Subscribe...
VW-Rivian joint venture clouds revival of Scout brand
Volkswagen AG’s tie-up with Rivian Automotive Inc. leaves in limbo the future of the German carmaker’s plan to revive the Scout brand that’s aimed at the same buyers as the developer of electric crossovers. Subscribe and get unlimited access to Crain's Chicago Business. The fund cited concerns...
McDonald’s exec named U.S. CEO of GroupM’s Wavemaker
GroupM’s Wavemaker has hired Alycia Mason as its U.S. CEO, starting at the end of July. Create your free account to continue reading. Ad industry creatives Anthony O’Neill, Rony Castor and Ben Burgoyne discuss their Cannes Lions-winning work with Crain's sister brand Ad Age. The McDonald's mascot is...
June auto sales could take ‘significant' hit from CDK outage
Subscribe and get unlimited access to Crain's Chicago Business. Before he became a rising star, and a fallen star, at Outcome Health, the man at the center of the disgraced company's drama wowed his former boss, Justin Ishbia. Brian MacDonald says CDK Global is doing everything it can to help...
UChicago Medicine shuffles leadership
The University of Chicago Medicine has announced leadership promotions the academic health system says coincide with its growing footprint in the Chicago area. 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...
McDonald's says McPlant failed in U.S. test markets
A top McDonald’s Corp. executive reiterated that the company’s previous US test of plant-based meat didn’t work out and added that the burger chain’s diners don’t go to its restaurants for salads. Subscribe and get unlimited access to Crain's Chicago Business. In its annual honors,...
Old Post Office developer signs first lease at revamped offices nearby
The developer that modernized the Old Post Office has found its first taker for another big office building it has revamped one block south. Subscribe and get unlimited access to Crain's Chicago Business. Kin Insurance is validating the importance of having physical workspace downtown, but its relatively small new lease...
Dr. Edward Kaplan and Dr. Marlon Kleinman
City of Hope®, a leader in cancer treatment, recently expanded to the North Shore and is pleased to welcome Edward Kaplan, M.D. and Marlon Kleinman, M.D. to a team of 1600+ cancer specialists across the nation. Dr. Kaplan, a medical oncologist, and Dr. Kleinman, a hematologist oncologist, bring decades...
Opinion: Supreme Court says a $13,000 gift is not a bribe. And that’s right.
Suppose your city awards a lucrative contract for the purchase of new garbage trucks. Afterward, the company that won the bidding offers your mayor a gift of $13,000. The mayor never asked for a penny; but he’s offered the money and he takes it. Has the mayor committed a crime?
Neighbors vow to fight teardown of vintage Wrigleyville buildings despite Zoning panel's OK
A City Hall committee blessed the controversial plan to demolish three vintage buildings next to Wrigley Field, but the head of a neighbors group that is trying to save the trio says the game isn't over until the full City Council considers the plan in July. Subscribe and get unlimited...
Focus Healthcare Partners raises $370 million for second fund
A Chicago investment firm that buys senior housing has raised about $370 million in new funding. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial real estate reporter for Crain’s Chicago Business. She joined Crain’s in 2023 from The Real Deal, where she had covered commercial real estate in Chicago. Before that, Herzog wrote for the Arkansas Democrat-Gazette. She is a graduate of UNC-Chapel Hill, receiving a bachelor’s degree in media and journalism, as well as a separate degree in Hispanic literature and culture.
Tempus gets FDA OK for AI-powered device that predicts heart rhythm
Tempus AI is aiming an artificial intelligence device at patients' hearts to identify those who may be at increased risk of atrial fibrillation/flutter (AF). Subscribe and get unlimited access to Crain's Chicago Business. The gift marks Griffin's first high-profile donation to a Chicago institution since his move to Florida. Vizient,...
Congressional committee puts cannabis rescheduling on the chopping block
The bill keeps the existing rule that prevents the DOJ from interfering with state medical marijuana laws. Pushback on cannabis rescheduling, while expected, has begun in full force. A Republican-controlled congressional committee this week unveiled a key spending bill that would block rescheduling and modify longstanding protections for state medical...
SCOTUS accuses feds of 'vague and unfair trap' in ruling with implications for Madigan
In a case being watched closely in Illinois, the U.S. Supreme Court today rejected the use of a federal bribery statute to prosecute gratuities accepted by state or local officials, even when the officials “corruptly” accept payments as a gratuity after the fact for services rendered. Subscribe and...
Fast-growing insurance tech firm inks sublease for Merchandise Mart office
One of Chicago's fastest-growing companies is moving to a new office in the Merchandise Mart, highlighting the value office users see in having a physical workspace downtown — even if it is small. Subscribe and get unlimited access to Crain's Chicago Business. In a challenging environment for private equity...
A billionaire comes to Outcome Health founder's defense ahead of sentencing — and fills in some backstory
Before Ashik Desai became a rising star at Outcome Health and played a central role in its downfall, he wowed billionaire private-equity investor Justin Ishbia. Subscribe and get unlimited access to Crain's Chicago Business. Brian MacDonald says CDK Global is doing everything it can to help customers during the hacker-induced...
CME and Google to build new facility to move trading into the cloud
Alphabet Inc.’s Google will work with CME Group Inc. to build a new cloud-computing network that will enable the exchange operator to shift its futures and options trading into the cloud. Subscribe and get unlimited access to Crain's Chicago Business. The deliberations are ongoing, and sources say the Chicago-based...
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