Walgreens will slash its quarterly dividend by nearly half. Crain’s health care reporter Katherine Davis joins host Amy Guth to discuss the pharmacy chain's latest cost-cutting measure.

Plus: In cop discipline fight, arbitrator again sides with police union — and blasts City Hall along the way; hospitals face more credit rating downgrades ahead, Fitch says; historic UAW pay gains gave a lift to national wage data in December; and voters file to remove Trump from the Illinois ballot.

Crain's Daily Gist listeners can get 20% off a one-year Crain’s Chicago Business digital subscription by visiting chicagobusiness.com/gist and using code “GIST” at checkout.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.