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Ex-White House AI czar warns US to harden systems amid AI concerns

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Trump says Xi claims China is not sending any weapons to Iran in letter

Former White House AI czar David Sacks predicted potential outcomes of President Donald Trump’s meeting with Chinese President Xi Jinping as the two leaders prepare to discuss artificial intelligence.

Sacks assessed the state of the intensifying AI arms race on “The Claman Countdown” Monday as China and the U.S. emerge as fierce competitors on the global stage.

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“I do think that there are things that may be in our common interest, and it’s worthwhile to explore having those conversations,” he said.

“The fact is we have to still protect from against each other. So I think it’s going to be a little bit limited in terms of what we can achieve there.”

BEIJING IS QUIETLY DICTATING THE TRADE WAR’S NEXT MOVES AS TRUMP AND XI PREPARE TO MEET

President Donald Trump and President Xi Jinping

US President Donald Trump and China’s President Xi Jinping  (ANDREW CABALLERO-REYNOLDS/AFP / Getty Images)

Sacks’ comments follow the release of Anthropic’s Mythos, a model that has raised widespread worry over its capability to identify decades-old security vulnerabilities.

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Sacks said the U.S. and China could potentially reach an agreement on new cyber standards during this week’s meeting, noting that neither country wants “rogue actors” to use AI models for dangerous purposes.

He also warned that the U.S. must take proactive defensive measures to ensure new AI models do not exploit existing vulnerabilities.

WHITE HOUSE MEETS AI FIRM ANTHROPIC AMID POLITICAL TENSIONS, PENTAGON DISPUTE

“We need to take steps now to harden our systems and scan our code bases to find latent vulnerabilities and patch them,” the former ‘AI czar’ said.

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ChatGPT, Gemini and Claude shown on a phone screen

AI assistant apps on a smartphone — OpenAI ChatGPT, Google Gemini, and Anthropic Claude. (Getty Images / Getty Images)

Sacks also downplayed concerns about AI, arguing there is no need for strong federal regulation of the technology, while cautioning that China’s advancing cyber capabilities remain a serious concern.

“There’s been this debate about whether we needed an FDA for AI. That would be solving a problem I don’t think we have,” he told FOX Business.

“The real issue is not what the American labs do. It’s the fact that Chinese models and other models that other actors could train are gonna have advanced cyber capabilities within the next six months or so.”

Sacks cited previous success in AI discussions with China, including a late 2024 summit between former President Joe Biden and Jinping, where both countries agreed to keep AI away from nuclear weapons systems.

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Joe Biden, Xi Jinping shake hands

U.S. President Joe Biden escorts Chinese President Xi Jinping to his car to bid farewell after their talks in the Filoli Estate in the U.S. state of California, Nov. 15, 2023. (Photo by Li Xueren/Xinhua via Getty Images / Getty Images)

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The former ‘AI czar’ said that while the U.S. and China remain locked in a highly competitive race for AI dominance, dialogue about the technology is a step in the right direction.

“I think the point here is for the two sides to start talking, to establish an initial dialogue and just to see how the Chinese are thinking about this,” Sacks said.

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ASIC fails to cancel Clive Palmer’s claims

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ASIC fails to cancel Clive Palmer’s claims

The corporate watchdog has failed to appeal an administrative bid in its action against billionaire Clive Palmer in the Federal Court.

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Macerich prices $403 million stock offering at $21 per share

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Macerich prices $403 million stock offering at $21 per share

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New chief, new chair, more metals for MLG Oz

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New chief, new chair, more metals for MLG Oz

Two decades after he founded mining services firm MLG Oz, Murray Leahy is moving into the boardroom.

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Cronos Group Inc. (CRON:CA) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Cronos Group Inc. (CRON:CA) Q1 2026 Earnings Call May 11, 2026 8:30 AM EDT

Company Participants

Harrison Aaron
Michael Gorenstein – President, CEO & Chairman
Anna Shlimak – Chief Financial Officer

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Conference Call Participants

Kenric Tyghe – Canaccord Genuity Corp., Research Division
William Kirk – ROTH Capital Partners, LLC, Research Division
Derek Lessard – TD Cowen, Research Division
Pablo Zuanic – Zuanic & Associates

Presentation

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Operator

Good morning. My name is Michelle, and I will be your conference operator today. I would like to welcome everyone to the Cronos 2026 First Quarter Conference Call. Today’s call is being recorded.

At this time, I would like to turn the call over to Harrison Aaron, Senior Director, Investor Relations and Corporate Development. Please go ahead, sir.

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Harrison Aaron

Thank you, Michelle, and thank you for joining us today to review Cronos’ 2026 Q1 financial and business performance. Today, I am joined by our Chairman, President and CEO, Mike Gorenstein; and our CFO, Anna Shlimak. Cronos issued a news release announcing our financial results this morning, which is filed on our EDGAR and SEDAR profiles. This information and the prepared remarks will also be posted on our website under Investor Relations.

Before I turn the call over to Mike, let me remind you that we may make forward-looking statements and refer to non-GAAP financial measures during this call. These forward-looking statements are based on management’s current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Factors that could cause actual results to differ materially from expectations are detailed in our earnings materials and our SEC filings that are available on our website, by which any forward-looking statements made during this call are qualified in their entirety.

Information about non-GAAP

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Albright’s Raw Pet Food voluntarily recalls dog food over salmonella risk

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Albright's Raw Pet Food voluntarily recalls dog food over salmonella risk

An Indiana-based company is voluntarily recalling one of its dog food products due to potential salmonella contamination.

Albright’s Raw Pet Food of Fort Wayne is recalling one lot of its Chicken Recipe for Dogs Complete and Balanced product after routine sampling by the Food and Drug Administration found one composite sample testing positive for salmonella.

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“While we continue to evaluate all available data, Albright’s Raw is proceeding with this voluntary recall to ensure the highest level of safety and transparency,” the company said in the recall notice.

A dog eating.

Albright’s Raw Pet Food is based in Fort Wayne, Indiana. (Getty Images)

CHOCOLATE RECALL HITS COMPANY’S ENTIRE PRODUCT LINEUP OVER SALMONELLA CONTAMINATION FEARS

The recalled products are sold as frozen 1-pound bricks in clear vacuum packaging, and are generally distributed in 30-pound cases, the company said.

One lot of the product is affected and was sold directly to consumers nationwide and to select retailers in California, Massachusetts, North Carolina, New York, South Carolina and Wisconsin and by direct online sales.

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A woman feeding her dog

The recalled products are sold as frozen 1-pound bricks in clear vacuum packaging. (iStock)

FDA EXPANDS CHOCOLATE RECALL TO 8 PRODUCTS NATIONWIDE OVER SALMONELLA FEARS

Albright’s Raw Pet Food said no illnesses associated with the affected lot have been confirmed or reported.

The company advises customers who have purchased the affected product not to feed it to pets and to throw it out or destroy it “in a way that children, pets, and wildlife cannot access it.” A receipt, pictures of the product and information on the place of purchase are required when requesting a refund.

Albright's Raw Pet Food bag.

A bag of Albright’s Raw Pet Food’s Chicken Recipe for Dogs Complete and Balanced. (FDA)

MULTIPLE SNACK MIXES RECALLED, INCLUDING TARGET PRODUCT, OVER RISK OF SALMONELLA CONTAMINATION

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“Albright’s Raw is conducting further investigation on, including third-party laboratory testing, to better understand this finding,” the company said in the FDA notice. “We remain committed to producing safe, high-quality, biologically appropriate pet food and will continue to update our customers and partners as more information becomes available.”

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FOX Business reached out to Albright’s Raw Pet Food for additional comment.

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Kaltura, Inc. (KLTR) Q1 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning, everyone, and welcome to the Kaltura First Quarter 2026 Earnings Call. All material contained in the webcast is the sole property and copyright of Kaltura with all rights reserved.

For opening remarks and introductions, I now turn the call over to Erica Mannion at Sapphire Investor Relations. Please go ahead, Erica.

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Erica Mannion
Sapphire Investor Relations, LLC

Thank you, operator, and good afternoon. I am joined by Ron Yekutiel, Kaltura’s Co-Founder, Chairman, President and Chief Executive Officer; and Liron Sharon, Executive Vice President of FP&A and Interim Principal Financial Officer. Ron will begin with a summary of the results for the first quarter ended March 31, 2026, and provide a business update. Liron will then review the financial results for the first quarter of 2026 in greater detail, followed by the company’s outlook for the second quarter and full year 2026. We will then open the call for questions.

Please note that this call will include forward-looking statements within the meaning of the federal securities laws, including, but not limited to, statements regarding Kaltura’s expected future financial results, management’s expectations and plans for the business, including execution on our strategic transition and upcoming product launches, integration and expected benefits of our recent acquisitions, trends in customer engagement, anticipated headwinds and our expectations around capabilities and benefits of our products, including AI technologies. These statements are neither promises nor guarantees and involve risks and uncertainties that may cause actual results to differ materially from those discussed here. Important factors that could cause actual results to

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China should stop hoarding food and fertiliser, says former World Bank chief

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China should stop hoarding food and fertiliser, says former World Bank chief

David Malpass’ comments come as US President Donald Trump and China’s Xi Jinping are due to meet in Beijing.

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Wall Street ends slightly higher amid AI fervour

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Wall Street ends slightly higher amid AI fervour

US stocks have closed slightly higher, with AI optimism fuelling upward ‌momentum even as the earnings-driven fervour of the recent rally eased in the home stretch of reporting season.

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Form 144 ROYAL GOLD For: 11 May

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Form 144 ROYAL GOLD For: 11 May

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Walgreens closing Chicago South Side store over theft and declining sales

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Walgreens closing Chicago South Side store over theft and declining sales

Walgreens announced plans to close a location on Chicago’s South Side next month as the store’s profitability suffered due to elevated levels of theft as well as a decline in prescription sales.

The pharmacy chain revealed the reasons behind its decision to close the Walgreens at 86th in Cottage Grove in the Chatham neighborhood of Chicago at a town hall in the community on Saturday.

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“I’m here today because we’re closing the store at 86th and Cottage Grove. But I just want to make sure everyone understands closing stores [is] not our goal. This is the last resort,” Walgreens regional Vice President Reginald Johnson said, according to Fox 32 Chicago.

Walgreens executives revealed at the town hall that the location lost over $1 million last year amid softening prescription sales and significant levels of theft, which resulted in the decision to close the store on June 4.

CHICAGO OFFICE MARKET IN FREEFALL AMID NATIONAL DOWNTURN

An image of medication at a Walgreens pharmacy.

Walgreens is closing a location on Chicago’s South Side next month. (Jeffrey Greenberg/Universal Images Group via Getty Images)

Johnson said that “theft at this store is 16%,” which is “four times above the company average,” which contributed to losses at the store.

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The company said that it took measures to counteract theft at the store, but was unable to put an end to the issues at the location.

“Lock boxes help us protect the merchandise in the store. A lot of the time, those lock boxes were getting destroyed. And that’s at a great cost to the company,” said Walgreens district manager Jason Vasquez, according to Fox 32’s report.

WALGREENS TO CLOSE 1,200 STORES AS PART OF TURNAROUND EFFORT

A city street in Chicago

Walgreens executives said security and lock boxes weren’t sufficient to stop theft at the store. (Al Drago/Bloomberg via Getty Images)

It also said that Walgreens was spending $400,000 a year on security guards at the store, but employees still faced attacks and threats amid the theft at the location.

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“Wev’e had people jump across the counters, because we sell liquor behind the counter, taking liquor, cigarettes,” said Lonnie Fuqua, the store’s manager. “That wears down. Not so much the financial piece but the endurance of that day in and day out.”

Residents and customers of the location expressed concern at the town hall about access to their prescriptions and frustration with having to go to a location farther away from their neighborhood, Fox 32 reported.

CHICAGO COMMUNITY LEADER MAKES PLEA FOR BILLIONAIRES’ RETURN TO THE WINDY CITY

Walgreens store in NYC

Walgreens is in the process of closing about 1,200 stores nationwide. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images)

The company is encouraging customers to use another Walgreens location that’s about 1 mile away and is reaching out via mail and email to inform customers about how they can have their prescriptions delivered by mail.

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“For seniors, there’s some solutions that have been put in place where you’ll get free delivery. That has already started for those medications you may have that, under the law, can be delivered,” Fuqua said.

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FOX Business reached out to Walgreens for comment.

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