5 things to know before the stock market opens

Boeing (BA) shares are rising after reaching a plea deal with the U.S. Department of Justice (DOJ) on a criminal charge related to misleading air regulators before the two fatal 737 MAX crashes; Paramount Global (PARA) shares are rising after agreeing to a merger deal with Skydance Media; Tesla (TSLA) shares are down after surging 27% last week to move into positive territory for the year; Meta Platforms (META) shares are hitting all-time highs; and PepsiCo’s U.K. distributor Britvic is accepting a $4.2 billion takeover offer from Danish brewer Carlsberg. Here’s what investors need to know today.

1. Boeing shares rise after plea deal over 737 MAX crashes

Boeing (BA) has agreed to plead guilty to a charge that it misled airline regulators before two fatal crashes of its 737 MAX jetliner, and will pay a $243.6 million criminal fine and spend at least $455 million to improve its compliance and safety programs, according to a court filing. The plea deal with the Justice Department for one count of conspiracy to defraud the United States could pose problems for Boeing’s $22.8 billion in contracts with the Defense Department. A lawyer for family members of the 346 people killed in the two crashes said they would oppose the deal between Boeing and prosecutors, which still needs court approval. The Wall Street Journal reported. Boeing shares were up less than 1% in premarket trading.

2. Paramount Global shares rise after Skydance Media merger deal

Paramount Global (PARA) has agreed to merge with Skydance Media in a deal that ends months of negotiations between executives and provides a lifeline for the struggling media company. David Ellisons Skydance Media will pay $1.75 billion to acquire National Amusements, owned by Shari Redstone, who controls the majority of Paramount, and then merge with Paramount,The New York Times reported. The deal comes after months of negotiations, during which Redstone backed out of an earlier offer. Shares of Paramount, which were down about 20% year-to-date through Friday's close, are up 2% in premarket trading.

3. Tesla shares fall after jumping 27% last week

After surging 27% last week, Tesla (TSLA) shares are down 1% in premarket trading as the electric vehicle (EV) maker looks to continue its rally after surging on a better-than-expected second-quarter delivery report to move into positive territory for the year. At just over $248 a share in premarket trading, Tesla is down from its year-to-date high of $252.37 on Friday but remains well above analysts' average price target of nearly $200. Some analysts raised their price targets on Tesla, with Wedbush Securities moving to $300 and Bank of America valuing the electric vehicle maker at $275 a share, though JPMorgan analysts kept their underweight rating on the company and their $115 price target.

4. Meta shares surge after hitting record high on AI enthusiasm

Shares of Meta Platforms (META) are surging after the parent company of Facebook and Instagram hit a record closing high on Friday. Meta’s rally comes amid enthusiasm for artificial intelligence (AI), with Bernstein analysts saying AI-powered algorithms are increasing time spent on Meta apps. The stock’s rally last week came despite pressure from the European Union (EU), which said in preliminary findings that the company’s practice of paying for or opt-in advertising on its products violates the Digital Markets Act (DMA).

5. PepsiCo's UK distributor Britvic accepts Carlsberg's $4.2 billion takeover offer

Britvic, the British and Irish distributor of PepsiCo, rose nearly 5% in London trading after accepting an offer to buy Danish brewer Carlsberg in a deal valued at £3.28 billion ($4.2 billion) in cash. The deal comes after Carlsberg raised its offer for the business after Britvic rejected a lower bid. Executives said the deal would combine Britvic's soft drinks business, which includes the bottling and distribution of PepsiCo products (PEP), with Carlsberg's beer portfolio in the UK and Western European markets.