As Walgreens spirals, so does Stefano Pessina’s fortune

Having trouble viewing this email? See the online version Morning 10 Tuesday, September 24, 2024 Did someone forward this to you? Sign up for the Morning 10 here. Walgreens Executive Chairman Stefano

As Walgreens spirals, so does Stefano Pessina’s fortune

Having trouble viewing this email? See the online version

Morning 10

Tuesday, September 24, 2024

Did someone forward this to you? Sign up for the Morning 10 here.

1. As Walgreens spirals downward, so does Stefano Pessina's fortune

Following an expensive and failed health care pivot orchestrated by the executive chairman, Walgreens' stock has hit lows not seen since the 1990s. His portfolio is paying dearly for it.

2. Here's how much money you need to be a middle-class Chicagoan nowadays

The range for a middle-class household income is up significantly from just a few years ago.

3. Downtown apartment rents have flattened out. Here’s why landlords are still feeling optimistic.

Rents at top-tier apartment buildings downtown were virtually flat year over year in the second quarter, but landlords aren't sweating it: They have 2025 to look forward to.

4. Glencoe strips builder's name off a historic Wright cottage because of his role in racist covenants

Saved in recent years from demolition, the cottage designed in 1913 will be called Ravine Bluffs Cottage in the wake of news that the original owner worked to reduce the town's Black population.

5. Chicago film fest celebrates its 60th year — and its biggest endowment ever

For years the Chicago International Film Festival was run on a shoestring budget, but a new gift from the Steiner family is changing all that.

6. Trump vows to hit Deere with tariffs if jobs move to Mexico

Workforce reductions in Illinois and Iowa have spurred concerns from Republicans that the iconic American firm is aiming to shift production overseas.

7. At the community level, violence intervention gains credibility — and dollars follow

Civic leaders are getting behind the approach as proponents caution that efforts will require patience.

8. Top earners at the Healthcare Financial Management Association

Here's the latest compensation data for the Downers Grove-based lifeline for health finance execs.

9. South, West Side grocer tries to salvage reputation: Crain's Daily Gist podcast

Grocery operator Yellow Banana has opened its first renovated Save A Lot store. Crain's retail reporter Ally Marotti talks about the West Garfield Park opening and the branding headwinds facing the company.

10. Meet the Notable Black Leaders for 2024

The over 100 people in our newest Notables group represent all industries and communities — from magnates to mentors — and they're working to enrich their companies, our communities and our city.