Steve Grzanich has the business news of the day with the Wintrust Business Minute.

A public-private initiative to attract businesses to Illinois has been renamed but its mission will remain the same. Intersect Illinois will now be called the Illinois Economic Development Corp. The initiative was launched 10 years ago as a way to partially privatize the state’s economic development activities. Its leaders say the rebranding is meant to make the organization’s identity simpler and to help it stand out. Its chairman says Illinois EDC’s mission remains the same, to make the state a premier destination for business and innovation.

Also, North Chicago-based AbbVie is buying a psychedelic drug from Gilgamesh Pharmaceuticals for $1.2 billion. Listen for more below:

Segment 1: Ilyce Glink, owner of Think Glink Media, joins John Williams to talk about if August is a good time to put a house on the market, current mortgage rates, why the government took a 10% stake in Intel, when the Fed is likely to cut interest rates, and how the market typically performs after the Fed cuts interest rates.

Segment 2: Jim Dallke, Director of Communications, TechNexus Venture Collaborative, tells John about how Chicago business schools launching AI courses, Tempus buying AI pathology company Paige, and United Airlines investing in supersonic firm Astro Mechanica.

Segment 3: Nick Papanicholas Jr., head of Nicholas & Associates, joins John to talk about their business, and how a hockey boom in the suburbs led the company to build large, indoor ice skating complexes throughout the Chicago area.

Segment 1: Craig Bolanos, Founder and Wealth Advisor at VestGen Wealth Partners, joins John to talk about today’s big market rally after Fed Chairman Jerome Powell suggested interest rate cuts would be coming soon, how many rate cuts he expects to see for the rest of 2025, and when we we’ll see the full impact of tariffs. Craig also explains why he’s bullish on the Bears this year!

Segment 2: Michael D’Hulst, CEO and Co-Founder of Supertri, tells John everything we need to know about this weekend’s 2025 Chicago Triathlon.

Segment 3: Vic Bianes, President of the American Public Works Association, give John a recap of the American Public Works Association’s Public Works Expo that came to McCormick Place earlier this week!

Steve Grzanich has the business news of the day with the Wintrust Business Minute.

Chicago’s Navy Pier has issued requests for concepts as it prepares to redevelop its east end. That portion of Navy Pier includes the Festival Hall meeting space, Lakeview Terrace with beer gardens and a grand ballroom. Those areas would be redeveloped and the request for concepts wants vibrant, impactful and welcoming ideas. The request for concepts is the first step before a formal request for proposals is made that’ll include specific bids.

Also, United Airlines is investing in a San Francisco startup that’s developing electrification technology for aircraft engines that could be used for supersonic travel. Listen for more below:

Segment 1: Steven Esposito, President of Yellowstone Wealth Management in Lake Forest, joins John to talk about why the markets have been down recently, the odds of a Fed interest rate cut, how many rate cuts he can expect this year, and why this may be a good buying opportunity.

Segment 2: Jason Hiner, Editor in Chief, ZDNET, joins John to talk about Google announcing its new phones, earbuds, and watches, and how scammers are using Google AI Overviews and ChatGPT to steal people’s credit card numbers.

Segment 3: Tim Paradis, Future of Work Correspondent, Business Insider, joins John to talk about how extroverts may thrive in an AI driven world.

Segment 4: Trevor Wagener, Chief Economist at the Computer & Communications Industry Association, tells John how new report from CCIA shows that American workers, investors, and taxpayers are footing a nearly $100 billion bill thanks to European Union digital rules that unfairly target U.S. tech companies.

Nationally syndicated financial columnist and author Terry Savage joins John Williams to answer all of your financial questions.

Segment 1: Tom Gimbel, job expert and founder of LaSalle Network, joins John to talk about a recent Wall Street Journal article that breaks down why America’s mobility is stalling.

Segment 2: Philippe Weiss, President, Seyfarth at Work, joins John to talk about the surge in mergers and acquisitions activity and what companies and employees should be aware of when going through the M&A process.

Segment 3: Longtime Chicago radio veteran Harvey Wells, Founder, Lower Tech Bills, talks to John about how he helps customers lower their internet, cell phone, and television costs. Want Harvey to help you lower your tech bills? You can email him at [email protected] or phone / text him at 312-307-1700. Harvey gives an update on how you can watch your favorite sports teams, and AT&T now offering a senior plan that was recently only available in Florida.

Segment 1: Ilyce Glink, owner of Think Glink Media, joins John Williams to talk about the trend of ‘job hugging’ and how workers are clinging to their jobs, where home values are rising and falling.

Segment 2: Jim Dallke, Director of Communications, TechNexus Venture Collaborative, tells John about a Chicago startup that helps social service agencies book hotels for people in need being named one of the fastest growing companies on the INC 5000 list, and the CEO of Uber Freight leaving to join Waabi.

Segment 3: Madeline Moeke, Chief Operating Officer for the Chicago Slice, tells John everything you need to know about a star-studded pickleball event taking place this week at Gallagher Way right outside Wrigley Field!

Segment 1: Michael Miller, Economics Professor, Western Washington University and Professor Emeritus at DePaul University, joins John Williams to talk about how tariffs will impact general prices, why markets are still hitting all-time highs, when the Fed might cut interest rates, and to explain why initial labor report numbers are typically not reliable.

Segment 2: Mike Spriggs, Head of Consumer Insights at Fiserv, joins John Williams to share details from July’s Fiserv Small Business Index.

Segment 3: Ryan Gruenenfelder, Senior Advocacy Manager for AARP Illinois, tells John about the 90th anniversary of Social Security, the amount of Illinois residents that rely on Social Security benefits, and the importance of protecting the program.

Segment 1: Jason Turner, Chief Investment Strategist for Wintrust Wealth Management, joins John to talk about why the stock market continues to rise despite economic uncertainty, his thoughts on today’s hot inflation report, and if he thinks the Fed might cut rates in September.

Segment 2: Jason Hiner, Editor in Chief, ZDNET, joins John to talk about a new version of ChatGPT, his thoughts on the best AI chatbots out there, the US licensing Nvidia to export chips to China,

Segment 3: Dominick Reuter, Senior Reporter, Business Insider, joins John Williams to talk about AT&T CEO John Stankey’s response to an employee survey about remote work.

Segment 4: Wealth advisor Zac Larson, Founder, Solstice Century, joins John Williams once again to recap the 2nd annual Solstice Century Bike Ride and Fundraiser.