Restaurants prep for Chicago DNC rush — or bust

Aug 16, 2024, 11:00 AM•crainalerts

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Morning 10

Friday, August 16, 2024

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1. Why the DNC could be a bust for Chicago restaurants

They hoped the DNC would boost business. Now, restaurant owners are re-evaluating expectations — and hoping for a late-night rush.

2. Record heat is testing Kraft Heinz effort to climate-proof its ketchup

California, where all of the tomatoes for Heinz ketchup sold in the U.S. are grown, just had its hottest July ever. What will that mean for this year’s batch?

3. We're now in the era of the remote CEO

More chief execs are running companies from afar even as workers farther down the ladder return to the office.

4. Scott Kirby has renewed confidence in Boeing with new CEO

The CEO of United Airlines, one of the biggest customers and critics of Boeing, said the planemaker is “on the right path” under Kelly Ortberg and will recover sooner than expected.

More: Southwest backs CEO as activist Elliott seeks board overhaul

5. AutoCanada considers dumping dealerships it bought off Grossinger

The dealership group is exploring the sale of its U.S. stores — most of them in Illinois — as the company swung to a loss amid falling sales and fallout from the CDK Global cyberattack.

6. U.S. drug price measure to cut costs by $7.5 billion in 2026

Some of the world’s biggest medicines made by leading drug companies will see prices cut by 38% to 79%, according to a fact sheet.

7. Young lymphoma patients face more health woes down the line. Advocate wants to know why.

Advocate Health Care and Aurora Health Care cancer clinics in Illinois and Wisconsin are participating in a clinical trial.

8. Amid selling spree, Warren Buffett's Berkshire buys Ulta stake

Shares of Bolingbrook-based Ulta surged after the news.

9. New $72 million lab near Detroit expands UL Solutions' global capabilities

The battery lab is one of the biggest investments in the 130-year-old testing organization's history.

10. Test your knowledge of this week's headlines with our latest quiz

See how your score stacks up against other Crain's readers.

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