Good afternoon: Today's PM — edited by Justin Green — is 453 words, a 2 minute read.
🚨 Stock markets closed at record highs: "Shares of Boeing led the gains." [CNBC.]
Photo Illustration: Sarah Grillo/Axios. Photos: Stephen Brashear/Getty Images & David Ryder/Getty Images
Teflon no more: Boeing CEO Dennis Muilenburg resigned today as the company continues to reel from the 737 MAX 8 crisis.
Why it matters: The crashes killed 346 and laid bare a culture in which safety concerns were discounted — and federal regulators were treated as little more than malleable rubber stamps, Axios' Dan Primack writes.
The big picture: "Boeing stock has fallen by 20 percent during this crisis, costing the company more than $8 billion and affecting a supply chain that extends to 8,000 companies," the N.Y. Times reports.
What's next: David Calhoun, who took over as chairman from Muilenburg in October, becomes the company's president and CEO.
Go deeper: Boeing's Teflon CEO
Photo: Hollie Adams/Getty Images
Dogs dressed in Santa costumes walk along Marylebone High Street in London.
Laura Dern in "Little Women." Photo: Wilson Webb/Sony Pictures via AP
Laura Dern really related to her newest role: Marmee, the mother of the March family in "Little Women," the AP reports.