crainalertsJun 26, 2024, 11:00 AM

Home prices hit new record high

Having trouble viewing this email? See the online version Morning 10 Wednesday, June 26, 2024 Did someone forward this to you? Sign up for the Morning 10 here. Kolmar Ave Sauganash April sale 1. Home

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Morning 10

Wednesday, June 26, 2024

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1. Home prices here hit new record high

While the metro area reached new heights for the second straight month, prices in the city fell just short of the record.

2. Volkswagen invests $5 billion in Rivian to form EV joint venture

The deal throws a lifeline to the struggling Illinois startup and gives the German automaker access to Rivian's technology.

3. CEO at the center of the auto dealership cybersecurity storm defends his firm

Brian MacDonald says CDK Global is doing everything it can to help customers during the hacker-induced outage — though some dealers would beg to differ.

More: As auto dealer meltdown enters second week, lawsuits start to fly

4. AbbVie hits a speed bump with Parkinson's drug approval

A hoped-for successor to Duopa hit another snag with regulators over one of its third-party manufacturing facilities.

5. Fortune of geography enriches tiny school district that scores high in proficiency

The single-school Union District 81 has achieved a remarkable turnaround in the last 12 years.

6. Opinion: ComEd, fix this billing mess — and don’t make customers pay for your mistakes

Charging the public to redo an “upgrade” that the utility botched is simply adding insult to injury, writes Sarah Moskowitz of the Citizens Utility Board.

7. SCOTUS ruling could open door for Illinois ban on abusers owning guns

Advocates are urging lawmakers to pass Karina's Bill when they return to Springfield in the fall.

8. Nike bets its China comeback on $1,000 Air Jordans

The company chose Beijing for its fourth Jordan-specific outpost in a move that is a testament to how badly it needs to reinvigorate its business there.

9. Illinois' place in a post-Roe U.S.: Crain's Daily Gist podcast

Abortion providers in the state report seeing an influx of patients since the Dobbs decision two years ago. Crain’s health care reporter Katherine Davis discusses with host Amy Guth.

10. An inventor of Siri is selling a top-floor condo at Jeanne Gang's Aqua

With one of Gang's signature curving balconies 93 feet long, it's an exhilarating spot for Dag Kittlaus, an admitted weather bug.

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