Morning Brew Daily Billionaire Summer Camp Kicks Off & FTC Blocks $4B Mattress Merger
Jul 9, 2024
High-profile tech and media figures gather at the exclusive Summer Camp for Billionaires in Sun Valley, sparking discussions on AI's impact. Alec Baldwin's upcoming trial adds a layer of drama to the media landscape. Meanwhile, the FTC aims to block a major merger in the competitive mattress industry, prompting a look into consumer challenges. In Europe, protests against American tourists highlight local frustrations, while the berry market sees an upscale twist. Lastly, the crumbling state of U.S. elevators is linked to the housing market's soaring costs.
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Billionaire Summer Camp
- Sun Valley, 'billionaire summer camp', hosts media and tech giants to discuss industry deals and trends.
- This year, AI's impact and the changing power dynamics in entertainment are key topics.
Past Sun Valley Deals
- Past Sun Valley conferences sparked major mergers like Disney-ABC, AOL-Time Warner, and Bezos' Washington Post purchase.
- This year's discussions likely include the FTC's recent hostility towards mergers.
Alec Baldwin Trial
- Alec Baldwin faces trial for involuntary manslaughter in the fatal shooting of Halyna Hutchins.
- Prosecutors argue Baldwin's negligence and broader set safety lapses led to the tragedy.