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Crain's Chicago Business
UChicago aims to jump-start life sciences inventions with Orange Grove partnership
The University of Chicago and biopharmaceutical investment firm Orange Grove Bio have established a partnership designed to commercialize promising life sciences technologies, create internship opportunities for students and enhance the city's biotech industry. Subscribe and get unlimited access to Crain's Chicago Business. The CTU, which helped elect Mayor Brandon Johnson,...
Ariel's John Rogers tapped for top post at Economic Opportunity Coalition
Ariel Investments founder John Rogers Jr. joined the Economic Opportunity Coalition, a group focused on aligning public and private investments to grow opportunities in underserved communities, as chair of its management committee. Subscribe and get unlimited access to Crain's Chicago Business. Mark Weinraub is a banking and finance reporter for...
Historic Prairie Style kindergarten, now a house, for sale in Brookfield
A Prairie Style house in west suburban Brookfield, originally built as a kindergarten by an education reformer and women's suffrage activist, is on the market. Subscribe and get unlimited access to Crain's Chicago Business. The condo is the latest of Ken Griffin's Chicago holdings to hit the market since the...
In Kellanova ad agency review, IPG wins big
Kellanova has expanded its relationship with Interpublic Group after an agency review. IPG’s FCB won Pringles, which had been at WPP’s Grey. FCB will also lead Cheez-It (in the U.S.), Eggo and Rice Krispies Treats, while partnering with The Martin Agency and MullenLowe across global markets. Subscribe and...
Pennsylvania cannabis coalition says there’s still a path for adult-use legalization
The technical debate about what an adult-use market would look like is possibly the biggest stumbling block. Despite earlier reports that recreational cannabis legalization in Pennsylvania may have to wait until next year after being left out of the state budget, the spokeswoman of a pro-marijuana coalition said there’s still a window this coming fall for a bill to get through to Gov. Josh Shapiro’s desk.
State Democratic Party urges local delegates to keep mum for now
Following President Joe Biden’s historic exit from the presidential race, members of the Illinois delegation to the upcoming Democratic National Convention in Chicago are being urged by the state party to “hold back from reacting publicly” as top Democrats scramble to either rally around the candidacy of Vice President Kamala Harris or hold a competitive primary.
President Joe Biden exits re-election campaign
After nearly a month of speculation and agonizing internal debate, President Joe Biden today announced he is exiting the campaign for re-election, tipping the Democratic Party and indeed the nation into uncharted political waters. Create your free account to continue reading. The president said he would stay on the road...
Lifeway Foods shareholders renew calls for CEO to resign as family feud heats up
The widow of Lifeway Foods' founder and her son are renewing efforts to oust their blood relative CEO and remove a slew of other directors from the Morton Grove-based kefir maker. Subscribe and get unlimited access to Crain's Chicago Business. Jack Grieve is a Crain’s reporter covering the news people...
Ken Griffin lists Gold Coast penthouse for $11M
Ken Griffin has listed a top-floor Gold Coast condominium for sale, the latest of the billionaire hedge fund founder’s Chicago condos to hit the market since he announced his personal and corporate moves to Florida in 2022. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is...
BBDO Chicago office leader exits
Jeff Adkins, president and CEO of Chicago-based Energy BBDO is leaving the agency, ending a lengthy career at the Omnicom shop. His exit means there are now vacancies atop BBDO’s Chicago and New York offices. Subscribe and get unlimited access to Crain's Chicago Business. The scope of the damage...
Biden vows to return to campaign trail despite urgings to quit
President Joe Biden said he would resume campaigning next week, despite mounting criticism from Democratic allies who have begun viewing his exit from the race as an inevitability. Create your free account to continue reading. His exit comes as the public-private partnership is ramping up, adding new board members and...
State’s largest privately owned water utilities seek rate increase amid lawmaker scrutiny
The two largest privately owned water utilities in Illinois are seeking to raise rates for a combined 1.5 million customers around the state. Create your free account to continue reading. The union representing Peoples' on-the-ground workers blasted the move by the ICC. The $800 million Constellation Energy is spending on...
Editorial: Chicago needs transit reform now
Amid the unprecedented, high-stakes drama swirling around this year's presidential race — not to mention recent legal rulings that have harmed or helped various local practitioners of political graft — it's easy to forget that government, when it's run well, is meant to serve a humble purpose: providing the day-to-day services that few of us individually could afford to provide for ourselves. Security in the form of police forces and firefighters springs to mind. Public schools. Sanitation. And, as Chicago is fortunate to have in abundance, transportation.
Who's moving in and out of Chicago? Fed trackers reveal some surprises.
The population of the city and state — especially declines associated with people moving out rather than dying off — is closely watched by political and business leaders, as well as critics, of Chicago and Illinois. Subscribe and get unlimited access to Crain's Chicago Business. He suggests the...
Recruiting corporate Chicago to join the fight against climate change
Much of the work on climate change and sustainable development comes from national governments gathered for big high-profile events around the world. But one private organization getting involved, away from the glare of new goals and forecasts that seem to be broadcast regularly for media consumption, is a group called the World Business Council for Sustainable Development, headquartered in Geneva, Switzerland.
Rush reports Crowdstrike-related disruption
Rush University System for Health is among U.S. health care systems that experienced disruptions due to the global Crowdstrike outage that’s brought down technology systems across essential industries. Subscribe and get unlimited access to Crain's Chicago Business. “The decision to pull a product is not an easy one,” CEO...
California investor picks up Oak Park apartments for $60M
A California investor picked up an Oak Park apartment complex for more than $60 million, the latest in a string of big acquisitions the firm has made in the Chicago area over the last several months. Subscribe and get unlimited access to Crain's Chicago Business. Rachel Herzog is a commercial...
Remembering McDonald’s marketing chief Larry Light and his legacy, which goes beyond ‘I’m Lovin’ It’
The marketing world lost a transformative figure with the recent passing of Larry Light at 83, best known for his turnaround of McDonald’s with the iconic 'I’m Lovin’ It' campaign. Subscribe and get unlimited access to Crain's Chicago Business. A well-known female business owner when that was...
McDonald's, United hit as CrowdStrike claims a fix is in place
Computer systems at businesses and public services around the globe were disrupted after a botched update of a widely used cybersecurity program took down Microsoft Corp. systems. Create your free account to continue reading. After more than a decade of work, the lab's Advanced Photon Source is 500 times brighter....
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