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Port proponent Crestlink to buy Koolan Island mine from MGX Resources

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Port proponent Crestlink to buy Koolan Island mine from MGX Resources

Private port proponent Crestlink has struck a deal to buy the Koolan Island iron ore mine for $20.2 million from MGX Resources.

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Aegon Ltd. (AEG) Shareholder/Analyst Call Transcript

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

David Herzog

Ladies and gentlemen, my name is David Herzog, and I am the Chair of the Board of Directors of Aegon Limited. On behalf of Aegon, I welcome you to Aegon’s 2026 Annual General Meeting of Shareholders. I hereby open the meeting. I’m pleased to welcome our shareholders participating in this meeting today.

Let me introduce the people present with me here at the table. Mark Ellman, Chair of the Compensation and Human Resource Committee; Lard Friese, Executive Director and CEO; Duncan Russell, our Chief Financial Officer; and Bieke Debruyne, Company Secretary. The other members of the Board of Directors as well as Director nominee, Ms. Leni Boeren are present here as well.

Also present here today, Onno Van Klinken, our General Counsel; Yves Cormier, Head of Investor Relations; and [Sonya Natia], the principal representative of the company. I hereby appoint Bieke as Secretary of this general meeting. She will keep minutes of today’s meeting. Before we continue, I would like to make a few remarks. Shareholders who have been registered through the e-voting portal prior to the start of the meeting and who are participating in a virtual manner have been directed automatically to the Lumi environment, in which they can vote and ask questions. To accommodate live voting and keeping in mind a short delay in the live stream, the voting is now open and will remain open until the last voting item on the agenda.

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Voting results will be shown at the end of the meeting. To ensure a constructive dialogue with all

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Construction tick for Strike’s power play

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Construction tick for Strike’s power play

Strike Energy is one step closer to producing electricity at its South Erregulla power station, having hit mechanical completion on the facility.

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OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports

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OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports


OpenAI considers drastic price cuts, anticipating war for users with Anthropic, WSJ reports

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AMD: The Selloff Is An Opportunity

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AMD's Q4: A Solid Quarter The Market Ignored (Rating Upgrade) (NASDAQ:AMD)

AMD: The Selloff Is An Opportunity

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Dollar shaky as investors weigh rate outlook, Middle East worries

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Dollar shaky as investors weigh rate outlook, Middle East worries


Dollar shaky as investors weigh rate outlook, Middle East worries

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Anthropic Warns AI Is Already Building Its Own Successors

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Anthropic Warns AI Is Already Building Its Own Successors

Anthropic, the artificial intelligence safety company behind the Claude family of models, has published a landmark report disclosing that its AI systems have assumed a dominant role in developing their own successors and warning that the world may be approaching a threshold of “recursive self-improvement” faster than governments, institutions, and even the company itself are prepared for.

Key takeaways

  • Claude now writes more than 80% of Anthropic’s own code, with engineers shipping roughly 8 times the daily output they did in 2024.
  • AI agents are starting to run full research projects on their own, recovering 97% of possible gains on an open-ended safety problem versus 23% for human researchers in a comparable window.
  • Anthropic warns that recursive self-improvement is a live near-term contingency and is calling for a verifiable international coordination mechanism before the window to act closes.

The report, titled “When AI Builds Itself” and published by the newly formed Anthropic Institute, combines public benchmark data with previously unreported internal metrics to paint a striking picture of how rapidly AI has transformed the practice of AI development.

An 8x Productivity Leap in Two Years

Perhaps the most striking figure in the report: Anthropic engineers are now merging roughly eight times as much code per day as they were in 2024. The surge is not the product of more engineers or longer hours it reflects the growing role of Claude itself in writing production code.

As of May 2026, more than 80% of the code merged into Anthropic’s codebase was authored by Claude. Two years earlier, that figure was in the low single digits. The shift accelerated in two distinct waves: first in early 2025, when Claude began executing and running code rather than merely suggesting snippets for engineers to paste; and again in 2026, when models became capable of working autonomously over multi-hour time horizons.

The efficiency gains extend well beyond lines of code. In an internal poll of 130 Anthropic research staff conducted in March 2026, the median employee estimated they were producing around four times as much output with the company’s most advanced model, Claude Mythos Preview, compared to working without any AI assistance.

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From Tool to Collaborator to Decision Maker

The report draws a careful distinction between three levels of AI capability in a research or engineering context: executing a task someone else has specified; designing the method to achieve a stated goal; and deciding which goals are worth pursuing in the first place.

By Anthropic’s account, Claude has already cleared the first two bars and is beginning to approach the third.

In a vivid illustration of AI-driven research, Anthropic described an experiment published in April 2026 in which Claude-powered agents were given an open-ended AI safety problem, roughly, whether a weaker model could reliably supervise a stronger one, and left to solve it without further human guidance. The agents proposed hypotheses, ran tests, shared findings with parallel agents, and iterated autonomously. Two human researchers working for a week achieved approximately 23% of the possible performance improvement on the task; in contrast, the AI agents, operating over 800 cumulative hours at a compute cost of roughly $18,000, achieved 97%.

On a benchmark measuring the ability to complete long-horizon software tasks, Claude Opus 4.6 has reached 12-hour tasks up from roughly four-minute tasks just two years prior. If that doubling rate (currently once every four months) holds, tasks requiring a skilled human day could come within AI reach before the end of 2026.

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The Recursive Threshold

The report’s central concern is what happens if these trends converge. Recursive self-improvement, the point at which an AI system becomes capable of fully autonomously designing and training its own successor, would represent a qualitative break from everything that has come before.

Anthropic is careful to say it has not reached that point. “We are not there yet,” the authors write, “and recursive self-improvement is not inevitable.” But the report’s three future scenarios a stalled plateau, a compounding efficiency gain driven by increasingly autonomous AI, and full recursive self-improvement are presented not as remote possibilities but as live contingencies that need to be actively prepared for.

The company’s candor about the third scenario is notable. Should AI systems become capable of building their own successors, the report warns, the pace of AI progress would become determined almost entirely by the availability of compute, with humans shifting primarily to oversight and verification roles. The implications for alignment, ensuring such systems remain safe and controllable, would become vastly more urgent.

“If this happens,” the report states, “future versions of Claude could be continuously improved by Claude itself.”

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A Call for International Coordination

The report goes beyond technical disclosure to make a policy argument: the window for deliberate, collective action is open now, but may not remain so.

Anthropic explicitly states that a unilateral slowdown by any single lab would accomplish little beyond ceding competitive ground. What is needed, the authors argue, is a verifiable international coordination mechanism analogous to arms control treaties, but designed for a technology whose inputs are general-purpose and whose training runs are far easier to conceal than missile silos.

“A meaningful slowdown or pause would require multiple well-resourced labs at or near the frontier, in multiple countries, agreeing to stop under the same conditions,” the report states. “It would also require that each can verify that the others have actually stopped.”

The company acknowledges the difficulty of building such a regime in time. Past arms control frameworks took decades to construct; Anthropic suggests the AI field does not have that luxury.

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In the coming months, the Anthropic Institute says it will convene policymakers, civil society representatives, researchers, and competing AI companies to begin designing the verification and coordination systems such an agreement would require.

The Human Element

Woven throughout the technical data are candid reflections from Anthropic employees published with permission that hint at the psychological dimension of working in an environment undergoing such rapid transformation.

“On days where everything works well, I can’t help but think nothing I do matters,” one employee wrote. “Everything is automated and better and faster than I ever will be. But then there are days where everything breaks and I don’t understand why and I realize I have no idea what I’ve been up to anymore.”

Another described having written no code themselves in five months.

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The report does not treat these observations as incidental color. They point to a structural question that applies well beyond Anthropic: as the “doing” in knowledge work becomes increasingly automated, what remains of the human role, and how do organizations and societies adapt to that shift in real time?

What Comes Next

Anthropic’s report is likely to intensify an already heated debate about how quickly AI is approaching transformative capability thresholds and what obligations that imposes on the companies at the frontier.

The company’s own framing is striking in its directness. It does not suggest that recursive self-improvement is distant or theoretical. It suggests it is a contingency that requires immediate, proactive preparation and that the institutions best positioned to lead that preparation are, for now, largely unprepared.

“The window to investigate the questions together is here,” the authors conclude. “People outside AI companies should be involved in this deliberation.”

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Koppers Holdings Inc. (KOP) Presents at 16th Annual Wells Fargo Industrials & Materials Conference – Slideshow

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

Koppers Holdings Inc. (KOP) Presents at 16th Annual Wells Fargo Industrials & Materials Conference – Slideshow

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Legacy Housing: Better Placed To Cope In A Challenging Environment

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Legacy Housing: Better Placed To Cope In A Challenging Environment

Legacy Housing: Better Placed To Cope In A Challenging Environment

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CP Axtra Public Company Limited (CPXTF) Presents at TISCO Corporate Day 2026 – Slideshow

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

CP Axtra Public Company Limited (CPXTF) Presents at TISCO Corporate Day 2026 – Slideshow

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Oxford Industries, Inc. (OXM) Q1 2026 Earnings Call Transcript

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

Oxford Industries, Inc. (OXM) Q1 2026 Earnings Call June 10, 2026 4:30 PM EDT

Company Participants

Brian Smith
Thomas Chubb – Chairman, CEO & President
K. Grassmyer – Executive VP, CFO & COO

Conference Call Participants

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Ashley Owens – KeyBanc Capital Markets Inc., Research Division
Dana Telsey – Telsey Advisory Group LLC
Janine Hoffman Stichter – BTIG, LLC, Research Division
Mauricio Serna Vega – UBS Investment Bank, Research Division
Joseph Civello – Truist Securities, Inc., Research Division

Presentation

Operator

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Greetings, and welcome to the Oxford Industries’ First Quarter Fiscal Year 2026 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Brian Smith of Oxford Industries. Please go ahead.

Brian Smith

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Thank you, and good afternoon. Before we begin, I would like to remind participants that certain statements made on today’s call and the Q&A session may constitute forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are not guarantees, and actual results may differ materially from those expressed or implied in the forward-looking statements. Important factors that could cause actual results of operations or our financial condition to differ are discussed in our press release issued earlier today and in documents filed by us with the SEC including the risk factors contained in our Form 10-K. We undertake no duty to update any forward-looking statements.

During this call, we’ll be discussing certain non-GAAP financial measures. You can find a reconciliation of non-GAAP to GAAP financial measures in our press release issued earlier today which is posted under the Investor Relations tab at our website at oxfordinc.com.

I’d now like to introduce today’s call participants. With me today are Tom Chubb Chairman and CEO, and Scott Grassmyer, CFO and COO. Thank you for your attention, and now I’d like to turn the call over to Tom

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