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Baby formula is displayed on the shelves of a grocery store in Carmel, Ind., Tuesday, May 10, 2022. (AP Photo / Michael Conroy)

Months of spot shortages at pharmacies and supermarkets have been exacerbated by the recall at Abbott, which was forced to shutter its largest U.S. formula manufacturing plant in February due to contamination concerns.

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AbbVie, the research arm of Abbott Laboratories, bought the Dublin-based Shire pharmaceutical company last Friday for nearly $55 billion. We break down the economic impact this move will have on Chicago.

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Kris Kridel

Groupon hits the road to pitch its IPO to investors, while McCormick Place strikes a new, major union deal. Kris Kridel of WBBM Newsradio 780 joins us to discuss these stories and more top business headlines.