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Situational awareness:

  • The Ethiopian Airlines CEO said the pilot of the crashed Boeing 737 MAX 8 jet reported he was having flight-control problems and wanted to return to the airport. (WSJ)
  • Spotify filed a complaint against Apple with the European Commission. CEO Daniel Ek said the App Store purposely limits choice and stifles innovation "at the expense of the user experience." (Axios)
  • Rite Aid will part ways with its CEO, COO and CFO and cut about 400 jobs, along with $55 million in costs, as part of a turnaround strategy. (Bloomberg)
  • Volkswagen announced it will terminate 7,000 workers while also raising productivity in an effort to save 5.9 billion euros. (Reuters)