Wintrust Business Minute: Abbott Laboratories to spend $500 million on manufacturing facilities, including one in Illinois

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

Suburban-based Abbott Laboratories says it will spend $500 million on two manufacturing facilities, including one in Illinois. The investments come despite new and threatened tariffs, including some on medical devices and diagnostics. Abbott says the investments will help the company boost U.S. research and development for its transfusion business. Abbott will hire as many as 200 people in Illinois. The second plant project is in Texas.

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