Boeing has again pushed back the return of its flawed 737Max model, revealing yesterday that it doesn’t expect regulators to sign-off on their return to the air until at least summer – NYTimes and WSJ and Bloomberg and MarketWatch
Brazilian prosecutors have charged former Vale SA CEO Fabio Schvartsman and ten others with homicide “in an effort to hold [them] to account for last year’s dam collapse that killed 270 people.” Prosecutors have also targeted five employees of TUV SUD, the “auditing company that certified the mine-waste dam as safe only months before it gave way” – WSJ and Bloomberg
France and the US appear to have stepped back—at least temporarily—from the trade-war precipice, with France agreeing to suspend a proposed digital tax on American tech giants in exchange for the White House postponing threatened retaliatory tariffs on a range of French goods – NYTimes
The rest of Europe, however, has still in the US’s tariff crosshairs – WSJ
Predictably, the more we’re getting a chance to explore the details of Phase One, the more we’re finding remaining challenges. Take, for instance, some of the very tech firms that ostensibly helped unleash the White House’s trade war. While the deal contains provisions aimed at protecting “American technology and trade secrets and allow companies to challenge China on accusations of theft,” the aggressive approach has helped decouple the nations’ economies and accelerate the growth of China’s own tech sector—all to the detriment of US companies – NYTimes
Manufacturers and farmers aren’t faring so well either – NYTimes
Straight teeth. No braces. What could go wrong? Well, good luck tracking down any evidence of customer dissatisfaction with SmileDirectClub, thanks to a very aggressive nondisclosure push from the teeth alignment startup – NYTimes
The OCC has levied an $18 million fine against Citibank based on allegations that the bank “dithered in buying mandatory flood insurance for borrowers whose homes were in flood-prone areas” – Law360
As what appears to be an actual departure date draws near, Britain’s sizeable financial sector is scrambling to prepare for a new post-Brexit reality, all with few details available to guide the way – WSJ
Bloomberg digs into the opaque world of startup valuations, including the results of a new study of 135 US unicorns that found valuation inflation in every case, “with the degree of overstatement ranging from 5% to 188%” – Bloomberg
The Journal reports that years of freewheeling polices from China’s small banks that kept credit flowing and growth booming throughout the massive country are coming to an ugly end, with China now “confronting a bank cleanup that could require hundreds of billions of dollars in bailouts” – WSJ
In defense of dinner din—a lot of it, even – NYTimes