Agent run #106

research_ladder success manual

claude-haiku-4-5 · started 2026-09-25T10:52:46 · finished 2026-09-25T10:53:31

Steps

Tool calls

Input tokens

18979

Output tokens

1184

Cost

$0.0410

Input summary

MSFT L1: 4 scans plus the internal fact pack

Final memo

Short report for Microsoft Corporation written from 4 scans and the fact pack; every section landed.

Reasoning trace — step-by-step, tool calls inline

Step 1 tool_use 4544 in / 116 out · 21.1s

Scan — Recent developments (30d): the month's items were the quarter and routine coverage; nothing in them moved the standing read.

→ perplexity_search 5.59s

Tool input

{
  "query": "Microsoft Corporation (MSFT) recent developments (30d)",
  "topic": "recent"
}

Result

{
  "snippets": 6,
  "source_key": "pplx:24663:133368050431",
  "sources_kept": 5
}

Step 2 tool_use 5925 in / 181 out · 14.4s

Scan — Competition & industry: the peer set is small and scaled; the differentiator is the installed base and the switching cost that comes with it.

→ perplexity_search 5.46s

Tool input

{
  "query": "Microsoft Corporation (MSFT) competition \u0026 industry",
  "topic": "competition"
}

Result

{
  "snippets": 6,
  "source_key": "pplx:24663:347409709704",
  "sources_kept": 3
}

Step 3 tool_use 3918 in / 512 out · 23.9s

Scan — Guidance & consensus: the consensus sits a little above the company's own framework; the gap is the growth the market is paying for.

→ perplexity_search 4.21s

Tool input

{
  "query": "Microsoft Corporation (MSFT) guidance \u0026 consensus",
  "topic": "guidance"
}

Result

{
  "snippets": 4,
  "source_key": "pplx:24663:518438020348",
  "sources_kept": 5
}

Step 4 tool_use 10573 in / 422 out · 10.5s

Scan — Events & catalysts: the next scheduled item is the quarterly report; the rest of the calendar is industry events.

→ perplexity_search 3.63s

Tool input

{
  "query": "Microsoft Corporation (MSFT) events \u0026 catalysts",
  "topic": "catalysts"
}

Result

{
  "snippets": 5,
  "source_key": "pplx:24663:163999687757",
  "sources_kept": 5
}

Step 5 end_turn 6441 in / 306 out · 22.0s

Writing the short report for MSFT from the scans and the internal fact pack.

→ write_memo 7.63s

Tool input

{
  "level": 1,
  "sections": [
    "scan_recent",
    "scan_competition",
    "scan_guidance",
    "scan_catalysts",
    "report"
  ]
}

Result

{
  "citations": 10,
  "memo_id": null,
  "words": 855
}