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

There’s been no comment from Chicago-based Kraft Heinz about a report that it’s planning to break up its business. The Wall Street Journal first reported last week about a plan to spin off a large portion of the Kraft Heinz grocery business. The new entity would be valued at $20 billion. The split could be announced in weeks. It’s not clear how many of the company’s brands would be part of the new company or where it’d be based. Kraft Heinz sales have been down, and earlier this year the company said it was looking at strategic transactions to boost its stock price. Kraft Heinz owns the Kraft, Heinz and Oscar Mayer brands.

Also, a Chicago developer has a contract to buy Ford City Mall on the southwest side with plans to demolish the shopping center and build a warehouse complex. Listen for more below:

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

Pure Lithium is moving to Chicago. The next-generation battery technology company will relocate its entire operation from Boston to Fulton Market. Its $46 million investment will enable the company to manufacture the first commercially viable lithium metal battery here in Illinois. With that product, the Pure Lithium plans to target the drone and defense, consumer electronics, grid-scale energy storage systems and electric vehicle markets. The company says it’ll hire up to 50 new employees over the next four years. Illinois is providing $4.4 million in payroll tax credits through the Reimagining Energy & Vehicles program.

Also, Hanig’s Footwear is leaving the Magnificent Mile. Listen for more below:

Segment 1: Michael Miller, Economics Professor, Western Washington University and Professor Emeritus at DePaul University, joins John Williams to talk explain how one person has so much power over tariffs and the economy, the role immigrants play in our economy, why fertility is falling across the world, and how much weather forecasters can impact the economy.

Segment 2: Elliot Richardson, Co-founder and President, Small Business Advocacy Council, joins John to talk about the challenges facing small businesses in Illinois. Elliot stresses the importance of reducing red tape in Chicago.

Segment 3: Steven Galanis, CEO, Cameo, joins John Williams to talk about the launch of Candl, a new birthday app!

Segment 1: Jared Dillian, Best selling financial author of the new book, ‘Rule 62: Meditations on Success and Spirituality,’ joins John Williams the latest rounds of tariffs including the tariff on Brazil and copper. Jared also explains his journey of writing his newest self-help book.

Segment 2: Bree Fowler, Senior Writer, CNET, joins John Williams to talk about chipmaker Nvidia on becoming the first publicly traded company to surpass a $4 trillion market valuation, and Tesla shares plunging 27% this year.

Segment 3: Brad Henderson, CEO, P33, tells John about the upcoming Global Quantum Forum, what quantum computing is and what it will give us, why is Chicago leading in quantum technology, who will be speaking at the forum, and how we can make our future better with quantum technology.

Segment 4: Ted Rossman, Bankrate.com Senior industry analyst, joins John to talk about a new survey that shows 27% of Americans have a side hustle.

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

A company with ties to the Chicago area has a deal to buy the WK Kellogg company for $3.1 billion. Ferrero is based in Italy but has manufacturing facilities in Chicago and suburban Franklin Park. The company also operates an innovation center in the Loop. The deal for Kellogg includes all manufacturing, marketing and distribution assets of Kellogg’s cereal portfolio in the U.S., Canada and Caribbean. Those assets include Frosted Flakes, Froot Loops, Mini Wheats, Special K, Rice Krispies and Raisin Bran among others. Ferrero is known for brands like Nutella and Kinder. After the deal closes, WK Kellogg would cease trading on the New York Stock Exchange.

Also, if you have a State Farm homeowners’ policy in Illinois, your rates are going up. Listen for more below:

Nationally syndicated financial columnist and author Terry Savage joins John Williams to talk about what we need to know about Trump’s Big Beautiful Bill. Terry explains what the bill does, what it doesn’t do, and to clear up confusion about taxes and social security benefits. And as always, Terry answers all of your financial questions. And John and Terry maybe have a disagreement about Arthur Laffer.

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

There’s a new development in the fight over gates at O’Hare Airport. American Airlines is asking a court for an injunction to block the awarding of more gates to United Airlines. The City of Chicago is reallocating gates and United is poised to gain five gates. American will lose four gates. The city is reallocating gates under a provision in the lease agreement with the airlines that includes a use it or lose it provision. American claims the city breached the contract and is asking for an injunction to stop the process. If the changes go through, United will have about 42% of the space at O’Hare and American will have 30%.

Also, Chicago rent is among the most expensive in the U.S. Listen for more below:

Segment 1: Tom Gimbel, job expert and founder of LaSalle Network, joins John to talk about how to make yourself a valuable commodity at work.

Segment 2: Philippe Weiss, President, Seyfarth at Work, joins John to talk about how AI is enhancing human management habits.

Segment 3: Dennis Rodkin, residential real estate reporter for Crain’s, joins John to talk about the former homes of Michael Jordan and Scottie Pippen in Highland Park being on Airbnb, the latest on Pope Leo’s childhood home, a Chicago startup aiming to protect homebuyers from HOA surprises, and Cook County opening the first modular homes.

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

There’s a new CEO at Deerfield’s Baxter International. Crain’s reports the company has appointed Andrew Hider as President, CEO and board member. He’s expected to start later this year. He’ll replace Brent Shafer who moves to independent chair of Baxter. He’s been serving as interim CEO following the abrupt retirement of the previous chief executive. Hider previously served as CEO of the Taylor Made Group. He began his career with General Electric.

Also, Canada Sports Betting has analyzed Trip Advisor reviews looking at the tourist hotspots with the most “crowded” tourist reviews in Illinois.

Segment 1: Ilyce Glink, owner of Think Glink Media and Chief Communications Officer and Chief Wellness Officer, Best Money Moves, joins John Williams to talk about extreme greed taking over the market, what’s in the Big Beautiful Bill, and some stats on the massive gig economy.

Segment 2: Jim Dallke, Director of Communications, TechNexus Venture Collaborative, tells John about Rivian sales struggling and their $1 billion agreement with Volkswagen, and Abbvie acquiring a biotech company for $2.1B, and Chicago-based Shore Capital Partners raising $450M for its food and beverage fund.

Segment 3: Mark Denzler, President and CEO, Illinois Manufacturers Association, tells John why he is urging Governor Pritzker to veto a bill that was pushed through the Illinois legislature that would have a negative impact on attracting businesses in Illinois. Mark explains what SB 328 is and why it would make Illinois a legal minefield.