Because why not another trade war open front, right? The White House has announced plans for tariffs on a wide range of $11 billion worth of EU goods stemming from a WTO ruling of nearly a year ago that planemaker Airbus “had received illegal funding for its A380 and A350 models” to the detriment of US rival Boeing. In a rare move, the administration said it would wait for WTO signoff this summer before actually implementing the tariffs. The EU, for its part, is reportedly prepping tariffs of its own against the US over its subsidies to Boeing – Bloomberg and WSJ and MarketWatch

Carlos Ghosn, the onetime “savior” of Nissan, faced another indignity while again behind bars in Japan—the automaker officially removed the former chair from the board altogether – NYTimes and WSJ

With a planned in-person news conference touting his innocence scrapped because of the re-arrest, Ghosn took to video today (thanks to a prerecorded statement) to question the case against him and to paint Nissan as the “real victim of intrigue” – NYTimes and WSJ

As Bayer AG now finds itself on the wrong side of two massive jury verdicts in cases accusing the company’s Monsanto arm of causing their cancer through its Roundup weedkiller product, the Journal looks at what the future may hold for the company – WSJ

Incredibly enough, despite the drama and uncertainty of the Brexit debacle, the British Parliament is carrying on with other business.  And today, that meant the recommendation for a government internet regulator “with the power to issue fines, block access to websites if necessary and make individual executives legally liable for harmful conduct spread on their platforms” in an effort to “combat the spread of violent and extremist content, false information and harmful material aimed at children” – NYTimes

An Oklahoma pension system-led proposed class action is accusing banking groups including BNP Paribas, Barclays Capital, Citigroup, and Credit Suisse of colluding to “fix and manipulate the prices of unsecured bonds that were issued by Fannie Mae and Freddie Mac” – Law360

SEC Chief Jay Clayton expressed concerns on Monday about risky behavior in the leveraged-loans sector, saying “liquidity expectations may be out of whack” for many banks lending to highly indebted companies – WSJ

Meanwhile, the Fed approved a proposal the same day that would “ease postcrisis rules for large banks” by requiring them to file their full “living wills” only every four years and allowing them to submit “pared-down versions of the plans” in the off years – WSJ and Law360

Get ready kiddos, Chuck E. Cheese may soon be hitting the public markets again (though thanks to some heavy reinvestment in its locations, it’ll be a different chain than the one that Apollo Global took private 5 years ago) – Bloomberg

Saudi Aramco had a banner bond sale debut, collecting $60 billion in orders despite an original target of $10 billion – WSJ and Bloomberg and NYTimes

Dealbook’s White Collar Watch puts on his federal prosecutor hat to evaluate the possible legal claims that the DOJ could levy against Boeing over its 737 Max 8 difficulties – NYTimes

Marketplace gives us this interesting look at Chapter 11 bankruptcy reorganizations, a uniquely American concept that allows companies to reinvent themselves after financial disaster – Marketplace