Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) saw its shares rise nearly 9% following the announcement of Muse Spark, the first model from its newly formed Meta Superintelligence Labs.
In a blog post, the company described the model is a natively multimodal reasoning system with features such as tool use, visual chain-of-thought, and multi-agent orchestration.
Intel Corp (NASDAQ:INTC, XETRA:INL) shares climbed 9.1% Wednesday after the chipmaker announced it is joining Elon Musk’s Terafab project, but analysts caution that the deal’s long-term benefits depend heavily on how the partnership is structured.
Wedbush analysts said the collaboration makes strategic sense, noting that “a tie-up with Intel to build the proposed Terafab chip complex makes significantly more sense than Elon’s companies attempting to develop 2nm process technology on their own.”
Shares of Levi Strauss & Co (NYSE:LEVI) climbed nearly 10% Wednesday after the company reported a first-quarter earnings beat and slightly raised its full-year guidance.
Analysts broadly praised the results, highlighting a consistent set of strengths that signal continued momentum for the apparel giant.
Rezolve AI (NASDAQ:RZLV) has launched a hostile takeover bid for Commerce.com (NASDAQ:CMRC), taking its proposal directly to shareholders after saying the target’s board refused merger discussions.
Rezolve is proposing an all-stock transaction, offering two Commerce.com shares for each Rezolve share, and described the deal as a way to provide liquidity for investors and unlock value from Commerce.com’s customer base, network of 60,000 online stores, and enterprise relationships.
Shares of Odyssey Marine Exploration Inc (NASDAQ:OMEX) soared nearly 120% on Wednesday morning after the company announced a merger with American Ocean Minerals Corporation to create a US-controlled deep-sea critical minerals platform valued at about $1 billion.
The combined company will focus on the exploration, harvesting and processing of polymetallic nodules, which are key sources of nickel, cobalt, copper and manganese, positioning itself as one of the largest US-aligned players in the emerging deep-sea mining sector.
Exxon Mobil Corp (NYSE:XOM, XETRA:XONA) shares fell 7.5% in early trade on Wednesday after the oil company disclosed the expected impact of the ongoing conflict in the Middle East on its production during the first quarter.
In a regulatory filing, ExxonMobil said the disruptions affected assets in Qatar and the United Arab Emirates, reducing global oil-equivalent production by an estimated 6% compared with the fourth quarter of 2025. The impacted Middle East assets account for roughly 20% of the company’s total production.
Delta Air Lines Inc (NYSE:DAL) reported first quarter revenue and earnings that exceeded analyst expectations, and indicated continued strength in demand despite rising fuel costs and operational challenges.
For the March quarter, the airline reported adjusted revenue of $14.2 billion, slightly above the $14.11 billion consensus. The figure represents a 9.4% increase compared to the same period a year earlier and falls at the upper end of the company’s previously issued guidance range of 7% to 9% growth.
Shares in Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) rose 14% to 760p after the gold and copper miner reported quarterly production of 82,723 ounces of gold and 4,128 tonnes of copper for the March 2026 quarter, while growing its cash pile by $260 million to $1.208 billion.
The company ended the quarter debt-free, with the cash build achieved after capital expenditure and a $73 million tax payment relating to the FY25 period.
Shares in Alien Metals (AIM: UFO) rose 16% to 0.12p after the company reported progress at two separate joint venture projects in the Pilbara region of Western Australia, with drilling under way at its Elizabeth Hill silver project and material upside potential identified at the Munni Munni platinum group metals project.
At Elizabeth Hill, joint venture partner West Coast Silver (ASX: WCE) has launched a 1,500-metre diamond drilling programme beneath the historic high-grade silver mine near Karratha.