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Crain's Chicago Business
Yes, everyone really is sick a lot more often after COVID
Since February, Kathy Xiang and her entire family has been under siege. Subscribe and get unlimited access to Crain's Chicago Business. Senate bill would jail private-equity execs for health care 'looting'. Executives “whose actions contributed to a triggering event that results in the death or injury of a patient or...
Tempus shares rise in first day of trading
TempusAI shares rose about 8% to nearly $40 per share late today in the stock’s opening day of public trading. Subscribe and get unlimited access to Crain's Chicago Business. Rishi Shah and Shradha Agarwal now face sentencing after being found guilty of running a $1 billion fraud scheme, one...
New Winston & Strawn chair eyes expansion, both domestic and abroad
Winston & Strawn will have a new chief for the first time in more than 17 years. Subscribe and get unlimited access to Crain's Chicago Business. Croke Fairchild Duarte & Beres is clouting up, hiring a slate of politically connected lawyers promising access to some of the most lucrative and controversial projects on the drawing boards.
Violence intervention groups expanding, with help from private and public funds
Violence intervention programs will start expanding their efforts into four neighborhoods this summer to increase preventive measures in addressing crime across the city. Subscribe and get unlimited access to Crain's Chicago Business. The 10-year gift from the Dean and Barbara White Family Foundation is being described as the largest-ever single...
Editorial: Bally's wobbly outlook raises key questions for Johnson
You've got to hand it to her. When she was mayor, Lori Lightfoot won a prize her predecessors coveted but failed to achieve: a license to set up a Chicago casino. Whatever you may think of picking the pockets of gamblers to finance government — and we tend to take a fairly dim view of it around here — mayors as far back as the second Daley dynasty hankered after a state-created license, and Lightfoot finally snagged it, all in an effort to shrink a budget hole of the sort that opens up when governments spend more than the governed are willing to pay for, as has been the case in Chicago for ages.
Intersect Illinois appoints members to new 'CEO-centered' board
Intersect Illinois, the statewide economic development organization, has made several changes to its board. Subscribe and get unlimited access to Crain's Chicago Business. The visiting professorship is the latest look at the former Chicago mayor's plans for post-City Hall life. “Nearly $4.2 million in gifts and even that wasn’t enough...
AMA takes aim at prior authorization, Medicare pay
The American Medical Association says it will fight for greater legal ramifications against insurers if prior authorizations, or treatment denials, cause harm to patients, and it's making reform of Medicare reimbursement its top priority this year.
Bank leaders say real estate pain is still confined to office
Commercial real estate risks remain manageable across most sectors, though office buildings will continue to plague lenders, according to executives at Wells Fargo & Co. and PNC Financial Services Group Inc. Subscribe and get unlimited access to Crain's Chicago Business. The newspaper's editorial operation is decamping its riverfront site where...
CPS and CTU to hold first public bargaining session
This story was originally published by Chalkbeat. Sign up for their newsletters at ckbe.at/newsletters. Create your free account to continue reading. Derrick Gragg will take on a new role, one in which he will advise his successor and President Michael Schill on the new landscape of college athletics. In a...
Cava is worth $33 million per restaurant after blistering debut
Of all the hot IPOs over the past year — AI firms and biotech startups and the like — none has popped on Wall Street quite like Cava Group Inc. Subscribe and get unlimited access to Crain's Chicago Business. The Justices sided with the coffee giant over the...
Senate bill would jail private-equity execs for health care 'looting'
Two Senate Democrats have introduced a bill that would create a new criminal penalty for private equity executives who “loot” healthcare entities like nursing homes and hospitals. Subscribe and get unlimited access to Crain's Chicago Business. The Chicago health tech company founded by billionaire Eric Lefkofsky will hit...
House GOP nixes cannabis banking protections from spending bill
Cannabis banking reform in the current Congress seems up in the air. A key House committee on Thursday removed provisions from an annual appropriations bill that would have shielded banks working with state-legal marijuana businesses from federal penalties. The Financial Services and General Government bill, which funds various agencies for...
Cannabis prices show widening fault lines across U.S.
Mature and more permissive state-level programs tend to have lower prices for cannabis flower. The price of cannabis in the U.S. is anything but uniform. An analysis of nationwide data shows that consumers can expect to pay anywhere from around $200 to nearly $600 for an ounce of high-quality marijuana, depending on where they live. The national average, corrected for outliers, lately stood at $318.72 per ounce.
Northwestern AD who oversaw department beset by scandal stepping aside
A change of leadership is coming to Northwestern University athletics, which has been rocked by scandal in recent years. Subscribe and get unlimited access to Crain's Chicago Business. In a letter, the head of a congressional committee said Northwestern's president “refused to answer questions” and the school failed to comply...
Lightfoot to take on another higher education teaching role
Former Chicago Mayor Lori Lightfoot is adding a second higher education teaching gig to her post-City Hall plans. Subscribe and get unlimited access to Crain's Chicago Business. Jack Grieve is a Crain’s reporter covering the news people are talking about, from Chicago and West Michigan to Cleveland, Detroit and New...
Chicago Tribune newsroom moving to the West Loop
The Chicago Tribune’s newsroom is moving back downtown. 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.
Car buffs hit the gas to buy new garage condos in Barrington
Race fans won't hear the announcement "Gentlemen, start your engines" at the NASCAR races in downtown Chicago next month, but up in Barrington a developer is calling out a different version: "Gentlemen, store your engines." Subscribe and get unlimited access to Crain's Chicago Business. With the home so laden with...
Clarence Thomas took more trips on Harlan Crow's jet, Dick Durbin reveals
US Supreme Court Justice Clarence Thomas failed to disclose at least three more private jet trips across the US paid for by GOP megadonor Harlan Crow, according to documents released by Senate Democrats. Subscribe and get unlimited access to Crain's Chicago Business. Trump tells CEOs he would cut corporate tax...
Tempus IPO raises $410 million
Tempus AI, the precision-medicine startup from Eric Lefkofsky, raised $410 million in an initial public offering, valuing the company at nearly $6.2 billion. Subscribe and get unlimited access to Crain's Chicago Business. Katherine Davis is a health care reporter for Crain’s Chicago Business, covering hospitals, pharmaceutical makers, insurance providers, life...
Harris Poll: Parents favor a modern approach to enriching the classroom experience
Massive changes are looming over local schools. The question for area leadership is whether this will be a perfect storm, leaving chaos and destruction in its wake, or an inflection point leading to a stronger, more equitable educational system. Either way, two massive events impend. Federal COVID-relief funding, which accounted...
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