Crain's Daily Gist

Players may soon be allowed to cash in on endorsement deals as Illinois joins a handful of other states considering legislation to help them reap marketing rewards. Crain’s reporter Sarah Zimmerman talked about how this could shape the business of college sports. Plus: Joe Mansueto and Michael Polsky are part of a $25 million medical-device investment, Chicago teams weigh in on sports betting, Southwest pilots say the 737 Max may not return until March and the SEC says that a hedge fund started in dorm room that managed more than $400 million committed fraud. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

Chicago takes its access to water for granted, and that's creating a rising tide of problems. Crain's Forum editor Hugh Dellios talks about our deep dive into the financial and public health impact of the city's outdated water systems and how climate change is making things much worse. Plus: The head of the agency that runs McCormick Place resigns; WeWork shelves its IPO and reins in its Chicago expansion plans; the state starts doling out licenses to grow marijuana for the recreational market, and why late fees are now a thing of the past at Chicago libraries. Find #CrainsDailyGist on Twitter and let's continue the conversation.

The prestigious 2020 Michelin stars were unveiled for Chicago restaurants today. Crain’s reporter Dalton Barker talked with host Amy Guth about a few of the 25 restaurants to earn coveted stars in the tenth edition of the local guide. Plus: the chief of the Chicago Fed doesn't see the need for another rate cut, health-tech hub Matter expands to New York, seltzer standout White Claw draws fire from Big Beer and an update on how O’Hare’s $8.5 billion makeover is moving along. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

The share of homeowners here who owe more on their mortgages than their homes are worth is more than twice the national average. Crain's residential real estate reporter Dennis Rodkin tells what that underwater rate means for the Chicago-area market. Plus: The parent of Arby's, Sonic and Buffalo Wild Wings is buying sandwich chain Jimmy John's; Comscore, the media-measurement firm with Chicago roots, settles fraud charges for $5 million; Taiwan plans to buy $2.2 billion in Illinois corn and soybeans; three more banks pump millions into a small-business initiative on the South and West sides, and WeWork loses one CEO but gains two new ones. Find #CrainsDailyGist on Twitter and let's continue the conversation.

The organizers of First Women's Bank want to create a "different banking experience" for the growing ranks of female business owners. Crain’s senior reporter Steve Daniels shares his insights on the trend. Plus: Durbin is now the highest ranking Senate Democrat to back the start of impeachment proceedings, United Airlines bets easier upgrades will woo elite flyers, a co-working firm doubles its West Loop tower space, Amita won't close its mental health unit at Elgin hospital and Lettuce Entertain You launches a virtual restaurant experience with Bon Appetit magazine. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

In Will County, lower-wage distribution jobs are filling a gap left by factory closures. Today, a conversation with Crain's manufacturing reporter Claire Bushey about how that's impacting workers. Plus: A firm that sells 2 percent of power here also generates 19 percent of customer complaints; Rush University Medical Center gets top ranks in a quality award; a Wacker Drive office tower is back on the market, and downstate electric-vehicle maker Rivian just booked a big order from Amazon. Find #CrainsDailyGist on Twitter and let's continue the conversation.

Two South Side neighborhoods are defying the city's drooping residential sales trend. Crain's Dennis Rodkin discusses the areas where home sales are up, as well as new city laws that address developers' tactics in gentrifying areas and how developers turn condo buildings into rentals. Plus: Every American power grid is getting a lot greener, except for one massive one; Walgreens will test drone delivery; Boeing’s refueling tanker risks more delays, and Michelin anoints three area restaurants as good values. Find #CrainsDailyGist on Twitter and let’s continue the conversation.

Will soybean growers suffer permanent damage in the trade war? Crain's reporter Claire Bushey discusses the short line between Illinois farmers and international politics. Plus: The sponsor of a city $15 minimum wage bill opens the door to a compromise; a Chicago lawyer will oversee lawsuits in one Boeing 737 Max crash, while the planemaker's CEO is asked to testify in D.C. on the grounded jet model; a private-equity firm cuts its Kraft Heinz position and shares slump, and a Fulton Market deal becomes the most expensive office building sale in Chicago history. Find #CrainsDailyGist on Twitter to keep the conversation going.

The mayor today made her first moves into regulating recreational marijuana in the city—ones that could reduce tax revenue by banning sales in the portion of the city where tourists and visitors are concentrated. Crain’s Greg Hinz talks to Amy Guth about the narrow line Lightfoot is trying to walk with her plan. Plus: Cboe confirms a headquarters move to the Old Post Office, Boeing says China needs to spend $2.9 trillion on new planes and services, Northwestern lands a $50 million gift for student aid and the mayor is eyeing another ban—this time on flavored e-cigarettes. Find #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

In an exclusive interview, Morningstar founder Joe Mansueto talks about his decision to purchase full ownership in the soccer team. Plus: Amazon is adding 400 Chicago tech jobs and expanding its downtown office by 70,000 square feet, United and Expedia end their feud over online ticket sales, an alderman blocks the conversion of a Streeterville landmark into a hotel and Chicago-based marijuana company Cresco Labs will expand in Nevada and Arizona with a $283 million deal. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

As developers increasingly find they can profitably switch condos to rentals, a proposal to slow the condo deconversion wave just took a big step forward. Crain’s residential real estate reporter Dennis Rodkin talks to host Amy Guth about the trend and other residential real estate news of the week. Plus: a local startup with $86 million in backing wants to lease space to pot companies, Boeing says the U.S.-China spat raises new risks for the 787 Dreamliner, a judge on the Lincoln Yards TIF says "a deal is a deal" and electric auto startup Rivian lands a $350 million investment. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

United Airlines has a high-end plan to boost its share of premium seats, which fetch fares as much as five times the price of a coach seat. Crains' reporter John Pletz talks with host Amy Guth about what that looks like for the airline, and for customers from business to budget. Plus: Slow Boeing jet sales hit a key aerospace metric, former Illinois Attorney General Lisa Madigan moves to Kirkland & Ellis, the feds OK US Food's big purchase pending asset sales, and the industrial corridor near Fulton Market is opening up to new development. Find #CrainsDailyGist on Twitter and let's continue the conversation about these and other business stories.

A new law doubles the amount of spirits distillers can sell on their premises while also allowing them to offer wine and beer and to open multiple locations. Today, Crain’s Chicago Business reporter Dalton Barker talks to host Amy Guth about what that means for your neighborhood bar. Plus: Illinois joins a bipartisan antitrust probe of Google, JPMorgan creates a "volfefe" index to track the impact of Trump's tweets, Southwest aims to share Max grounding reimbursements with workers, Chicago Fire closes in on a Soldier Field deal, and a coalition of progressive groups and aldermen are getting specific about increases to a bevy of taxes to fill Chicago’s budget hole—many of which target the business community. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.

With an estimated $838 million hole in the 2020 budget, Mayor Lightfoot is considering taxing traffic coming into the city, a controversial idea already in play in cities around the world. Politics and government reporter A.D. Quig spoke with host Amy Guth about what such a tax would look like for Chicago. Plus: Uber plans to add 2,000 jobs in Chicago in three years, a judge rules Sterigenics' suburban plant can reopen, the AMA intensifies its battle against physician burnout, and we have a look at how Illinois universities fared in the latest U.S. News & World Report survey. Continue the conversation with #CrainsDailyGist.

A multi-million dollar miscalculation in Chicago's suburbs, an apartment building torn down before anyone moved in, and a bungalow like a Wisconsin cabin but only 7 blocks from the el—all are part of today’s conversation with Crain’s residential real estate report Dennis Rodkin. Plus: Sears is slashing 250 jobs at its Hoffman Estates headquarters, Starbucks Reserve Roastery Chicago announces an opening date, WeWork targets a $20 billion to $30 billion IPO value, CVS wins court approval for its $68 billion takeover of Aetna, Swedish Golden Arches now double as signposts for electric car charging and Heinz repositions its ketchup labels to show you how to properly pour. Find hashtag #CrainsDailyGist on Twitter and let’s continue the conversation about these and other business stories.