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Working Lunch Tuesday, May 6, 2025 | | |
| | | | | It's lunchtime, Chicago. Although Chicago-area home sales for the year were up marginally compared to this time last year, affordability challenges are not easing for buyers. The lack of inventory continues to create a highly competitive market, keeping prices elevated as buyers’ purchase power is already more limited due to
higher mortgage rates. And in a win for Abbott Laboratories, a federal judge in Chicago sided with the company Friday in the case of a woman who alleged that Abbott’s formula for preterm infants led to her daughter’s death. The case had been scheduled to go to trial in the next week, and was supposed to be the first to be heard in federal court in Chicago over the issue of whether Abbott’s specialized cow’s milk-based formula for preterm babies causes a life-threatening intestinal disease called necrotizing enterocolitis. Read that story and more in today's Working Lunch. Top business stories | Real estate | | | | Some neighborhoods such as Lincoln Park and West Town are super hot. But many would-be homeowners find themselves sitting on the sidelines. | | | | | The court is still scheduled to hear three other bellwether cases about the issue, with the next trial slated to begin in August. | | | | | Construction on the 1.2 million-square-foot supplier park is underway and expected to be completed in 2026, in time for the launch of the much-anticipated Rivian R2. | | | | | The company suspended operations at its Joliet plant and temporarily laid off about 400 workers in Canada and the United States in December. | | | | | A $95,000 Cook County study considers roadway under Interstate 57 to relieve congestion when trains block Western Avenue in Dixmoor. | | | | | La Grange Park resident Bob Zeni distributes 15,000 heirloom tomato plants annually. | | | |
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