Blue Cross parent watches revenue soar

Jun 27, 2024, 11:01 AM•crainalerts

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Thursday, June 27, 2024

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1. Blue Cross Illinois parent watches revenue soar

Net income was down slightly thanks to a larger tax bill, but execs are still bullish on the health insurer's performance.

2. Judge gives Rishi Shah 7.5 years in prison, and says the quiet parts loud

When handing down his sentence, the judge laid into the Outcome Health founder, federal sentencing guidelines and the "fake it till you make it" startup mentality.

More: Feds will seize Rishi Shah's $8 million mansion

3. McDonald's CEO: 'Not nearly enough' from Johnson on crime

Chris Kempczinski thinks it makes "good business sense" to keep the chain's headquarters in Chicago, but he's watching carefully as others leave town.

Also: McDonald's says McPlant failed in U.S. test markets

4. Service tax? Grocery tax? All ideas on the table as City Hall probes revenue options.

A new subcommittee on revenue met for the first time Wednesday to begin the quest for new revenue streams.

5. How budget-challenged schools can stay the course

Four experts share how districts can address funding gaps created by dwindling pandemic-era federal aid.

6. CDK says small 'test group' of dealers back online

The news comes after CDK told dealers the DMS outage was unlikely to end before June 30.

7. Amazon driver unionization effort boils over in Skokie

More than 100 drivers say the company terminated their contract after learning of their intent to unionize.

8. New high marks for Chicago's housing market: Crain's Daily Gist podcast

Reporter Dennis Rodkin joins host Amy Guth to talk record home prices and new properties for sale, including one designed by a member of the band OneRepublic.

9. Endeavor Health getting $10M gift to expand genetics program

Former R.R. Donnelley CEO Bill Davis and his wife are putting their money behind a drive to exponentially increase genetic screening throughout the system.

10. Here's how Ever makes those dishes on 'The Bear'

Just before Hulu dropped Season 3, staff at the Michelin-starred restaurant, which once again appears in the show, showed Crain's exactly how it's done.

The Dining Table: Coming soon, a marathon of a tasting menu

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