CNBC Daily Open: French left-wing shock victory, Boeing guilty plea
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here .
French far-right march blocked
France's left-wing New Popular Front coalition unexpectedly blocked a far-right advance in the parliamentary run-off vote, securing the largest number of seats but falling short of an absolute majority.The coalition could secure 182 seats, according to results published by the Interior Ministry, while President Macron's Ensemble party and its allies were set to gain 168 seats and the far-right Rassemblement National 143 seats. French Prime Minister Gabriel Attal said he would submit his resignation on Monday. No party achieved the 289 seats needed for a majority, indicating a likely hung parliament in Europe's third-largest economy. Here's what a hung parliament could mean for markets.
Boeing guilty plea
Boeing has agreed to plead guilty to a criminal fraud charge related to the 737 Max crashes, following a near-disaster in January that led the Justice Department to reconsider a previous settlement protecting Boeing from prosecution. The plea deal, pending court approval, requires Boeing to pay a $243.6 million fine, equivalent to the amount paid in the 2021 settlement. This development marks a significant legal and financial setback for the aerospace giant as it continues to grapple with the fallout from the deadly crashes.
Skydance, Paramount merge
Skydance Media and Paramount Global have agreed to merge, ending the Redstone family's control of the iconic Hollywood studio. The deal combines Paramount's storied film library with Skydance's recent blockbuster