News Highlights: Top Company News of the Day - Wednesday at 11 PM ET

BHP Makes Offer for Rival Anglo American in Potential Mega Mining Deal

Mining giant BHP has offered to buy the longtime rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.

Meta's Costs Rise Rapidly as Zuckerberg Vows to Keep Spending on AI Arms Race

Meta Platforms reported record first-quarter sales, building on AI momentum in its ad business, although investors soured on forecasts of rising costs.

IBM to Buy HashiCorp in $6.4 Billion Deal

IBM will pay $35 a share for the cloud-software company in cash, giving the company access to HashiCorp's roster of some 4,400 clients.

Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles

Votes mark victories for Goldman's David Solomon and Bank of America's Brian Moynihan.

SK Hynix Returns to Profit, Expects Market Recovery on AI Boom

The world's second-largest memory-chip maker expects a recovery in the memory-chip market this year as it swung to a net profit after five straight quarters of losses.

McKinsey Under Criminal Investigation Over Opioid-Related Consulting

Justice Department is investigating the consulting firm's advice to manufacturers of OxyContin and other opioid products.

Ford stock rises as EV losses are held in check and hybrid sales surge

Carmaker reports a better-than-expected quarter, and EV losses were around Wall Street expectations.

Moncler Sales Beat Forecasts Amid Solid Demand in China

The Italian luxury-fashion company said revenue for the Moncler brand grew 26% in Asia.

Michelin Backs Targets After Weaker Demand Hurts Sales

Sales for the French tire manufacturer fell to EUR6.64 billion from EUR6.96 billion in the first quarter of last year.

Blackstone to Buy Franchiser Tropical Smoothie Cafe

The deal values the smoothie chain at around $2 billion, including debt.