crainalertsJul 19, 2024, 11:00 AM

Water Tower Place losing another tenant

Having trouble viewing this email? See the online version Morning 10 Friday, July 19, 2024 Did someone forward this to you? Sign up for the Morning 10 here. Water Tower Place 1. Sephora closing Water

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Morning 10

Friday, July 19, 2024

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

1. Sephora closing Water Tower Place store

The cosmetics chain will vacate its store at the end of July, becoming the latest in a series of tenants to leave the vertical mall since 2020.

2. Dan Seals is leaving Intersect Illinois as CEO

His exit comes as the public-private partnership is ramping up, adding new board members and taking a more active role in economic development.

3. State GOP leaders pass the torch as national convention wraps up

State party Chair Don Tracy officially steps down this week after nearly 3 ½ years in that post, handing over the reins to newly elected Chair Kathy Salvi.

4. Crain's adds Trib veteran as assistant managing editor for news

Jocelyn Allison most recently served as senior content editor on the Chicago Tribune's business desk.

5. Goolsbee says Fed risks ‘golden path’ if it doesn’t cut soon

He suggests the central bank may need to lower borrowing costs soon in order to avoid a sharper deterioration in the labor market, which has cooled in recent months.

6. Abbott weighs pulling premature-baby formula cited in suits

“The decision to pull a product is not an easy one,” CEO Robert Ford said. But if doctors’ need for Similac Special Care gets lost in the litigation, “we have to think about at least what is the implication of removing a product.”

7. Opinion: The University of Chicago is at a crossroads. Can it learn from past mistakes?

Its deficit is a problem. A liquidity crisis is driving policy. Will UChicago weather this storm with its excellence intact and its ambitions undimmed?

8. Meitheal buys rights to drug that can fight antibiotic-resistant strains

Meitheal Pharmaceuticals has acquired the North American rights to a novel antibiotic for treating complicated urinary tract infections.

9. Lincoln Park Zoo Ball sets new fundraising record

More than 600 wildlife enthusiasts, animal advocates and supporters gathered at the zoo on July 12 for the 47th annual event, themed “Wild Everest.”

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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