AGP Executive Report
Last update: 10 hours agoChicago Budget: Mayor Brandon Johnson is expected to seek $102 million from a revived corporate head tax of $25 per worker at companies with at least 125 employees, as he confronts an $880 million deficit. Twenty-nine alderpersons oppose the proposal, warning it could push businesses out. Corporate Earnings: CME Group reported third-quarter net income of $1.04 billion and revenue of $1.74 billion, topping forecasts. Abbott’s $13.01 billion in revenue beat expectations, but adjusted earnings per share missed by a cent; the company forecast full-year earnings of $5.50 to $5.55 per share. State Economy: Illinois’ unemployment rate fell to 4.6% in September, while a new fiscal-health report again gave the state an F, ranking it 48th among the states. Business Investment: Viakable plans a $55 million electrical-cable manufacturing expansion in Illinois, and the state announced $26 million in grants for grocery-store improvements. Energy and Growth: Data-center demand is intensifying debate over power costs and grid capacity, with Champaign County’s development moratorium set to expire in April.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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