Twitter CEO Parag Agrawal, Invoice Gates and Warren Buffett arrive for Solar Valley

Elon Musk will come face to face with Twitter CEO Parag Agrawal as the two attend this year’s billionaire summer camp in Sun Valley, Idaho – where Musk is expected to give the the marquee speech in front of moguls like Bill Gates and Warren Buffet.

Musk, 51, is slated to give the speech on Saturday at the Idaho stage referred to as the ‘billionaire summer camp,’ where the biggest names in tech and business come together to discuss the future of the industry.

It is not yet clear what Musk’s speech will entail, but the Tesla CEO is now set to close on his $44 billion Twitter takeover in October after a judge dismissed a lawsuit seeking to halt the deal. 

Last month, Musk also threatened to back out of the deal if Twitter executives failed to provide data on spam and fake accounts that he has been seeking. 

And back in April, during an all-hands meeting with employees, Agrawal was seen quelling employee anger after workers demanded answers to how managers planned to handle an anticipated mass exodus prompted by Musk. 

The two are now set to once again come face to face at the Allen & Company Sun Valley Conference, where Agrawal, 38, has been attending private meetings for the past three days.

The annual invite-only, conference is hosted by the investment bank Allen & Company. This year, the five-day conference, running from July 6 to 10, is being held at the edge of Idaho’s Sawtooth National Forest in a tiny town of just 1,500 people.

Elon Musk is set to give the marquee address at the conference on Saturday

Twitter CEO Parag Agrawal, left, is set to come face-to-face with Tesla CEO Elon Musk on Saturday when Musk delivers the marquee address at the annual Allen and Company’s Sun Valley Conference, which Agrawal has been attending for the past three days. He was pictured Thursday wearing a black sweater and blue jeans

On Thursday, the third day of the business and tech conference, the world’s wealthiest people once again donned casual outfits – dressed in snug sweaters and vests as they each wore name tags despite their notoriety.

Barry McCarthy, CEO of Peloton Interactive, and his wife, Valerie, looked rather distressed as they walked through the forest on Thursday, both donning ‘SV22’ attire, while New England Patriots owner Robert Kraft and his fiancée Dana Blumberg were seen chatting while walking to an early morning session.

The two held notebooks and their belongings in their hands, as they kept their jackets open, with Kraft sporting a casual blue and white striped polo, dark-colored pants and sneakers, while Blumberg wore a leather coat over a white blouse with a pearl necklace, blue jeans and a pair of sandals.

Brian Grazer was also snapped chatting with fellow film producer Jeffrey Katzenberg as they took a stroll throughout the forest on Thursday, apparently laughing.

They both seemed to be wearing winter coats, despite temperatures in the low 80s. 

And Bill Gates, the founder of Microsoft who has become one of the world’s major philanthropists for health-related issues, working closely with the World Health Organization, enjoyed some coffee as he donned a green sweater and gray pants. 

Even some lesser-known tycoons were pictured at the so-called ‘billionaire’s summer camp’ on Thursday – like Hiroshi Mikitani, CEO of cost-saving website Rakuten, who is estimated to be worth $3.4 billion, and Alex Karp, CEO of Palantir Technologies, who is estimated to have a net worth of just over $1 billion.

Mikitani wore a black shirt and a black zip-up, while Karp was dressed all in blue with a blue jacket, a blue sweater covering a white undershirt and blue pants. He even wore a blue baseball cap. 

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, were also spotted walking together happily as they both donned red outfits – with Nadolinski wearing a red dress and a blue vest, while Field wore a red ‘SV22’ jacket over dress pants and a button-down shirt.

New England Patriots owner Robert Kraft and his fiancée Dana Blumberg were also in attendance at the conference

New England Patriots owner Robert Kraft and his fiancée Dana Blumberg were also in attendance at the conference

Bill Gates was pictured enjoying some coffee at the conference Thursday morning Anderson Cooper, who hosts his own show on CNN, was able to get an invite to the swanky conference as a journalist

Microsoft founder and philanthropist Bill Gates, left, was pictured enjoying some coffee Thursday morning, while CNN anchor Anderson Cooper, right,  one of a handful of journalists to attend the conference – enjoyed a cold drink

American film producers Brian Grazer and Jeffrey Katzenberg seemed to be laughing as they took a stroll throughout the forest on Thursday, wearing winter coats despite temperatures in the low 80s

American film producers Brian Grazer and Jeffrey Katzenberg seemed to be laughing as they took a stroll throughout the forest on Thursday, wearing winter coats despite temperatures in the low 80s

Hiroshi Mikitani, CEO of cost-saving website Rakuten, left, who is estimated to be worth $3.4 billion Alex Karp, CEO of Palantir Technologies, who is estimated to have a net worth of just over $1 billion was dressed all in blue on Thursday

Some lesser-known tycoons were also pictured at the so-called ‘billionaire’s summer camp’ on Thursday – like Hiroshi Mikitani, CEO of cost-saving website Rakuten, left, who is estimated to be worth $3.4 billion, and Alex Karp, right, CEO of Palantir Technologies, who is estimated to have a net worth of just over $1 billion.

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, were also spotted walking together happily as they both donned red outfits - with Nadolinski wearing a red dress and a blue vest, while Field wore a red 'SV22' jacket over dress pants and a button-down shirt

Elena Nadolinski, founder and CEO at Iron Fish, and Dylan Field, CEO and co-founder of Figma, were also spotted walking together happily as they both donned red outfits – with Nadolinski wearing a red dress and a blue vest, while Field wore a red ‘SV22’ jacket over dress pants and a button-down shirt

But it was not just major tycoons who were in attendance at the conference on Thursday – there were also a small handful of journalists and even some politicians who were pictured attending the meetings.

Anderson Cooper, who hosts his own show on CNN, was able to get an invite to the swanky conference, and was snapped on Thursday wearing a green Carhartt shirt, a blue sweater and dark-colored pants.

West Virginia Senator Joe Manchin was also spotted in Idaho on Thursday morning at the annual exclusive event as his fellow Democrats back home try to salvage President Joe Biden’s Build Back Better plan.

A person familiar with the conference told DailyMail.com that Manchin is accompanied by his wife and is set to speak on a bipartisan panel. 

 Republican Senator Tim Scott of South Carolina was also pictured on Thursday, and a spokesperson from his office confirmed to DailyMail.com that he’s in attendance.

Scott is also due to speak at a Sun Valley panel, Scott’s spokeswoman Caroline Anderegg said.

The GOP lawmaker was seen in a blue sweater zipped up over what looked like a white shirt.

Manchin wore a color-coordinated outfit consisting of a thin navy blue jacket, a light blue-and-white checkered button-down shirt and a pair of jeans.

And former Utah Governor Mike Leavitt was also seen wearing a blue jacket and dark jeans. He has attended the conference in the past.

President Joe Biden’s Commerce Secretary Gina Raimondo was also known to be at the conference on Wednesday. It’s not clear if she and the senators knew about each other’s attendance.

She previously attended the ultra-elite event in 2019 as governor of Rhode Island. Her spokesman told the Providence Journal at the time that she would take part in ‘economic development meetings’ while in Idaho. 

West Virginia Democrat Senator Joe Manchin was spotted at the Sun Valley Conference on Thursday A person familiar with the conference told DailyMail.com that he is speaking at a bipartisan panel

West Virginia Democrat Senator Joe Manchin was spotted at the Sun Valley Conference on Thursday. A person familiar with the conference told DailyMail.com that he is speaking at a bipartisan panel

South Carolina Republican Senator Tim Scott's office confirmed to DailyMail.com that he is in attendance after he was photographed in Idaho as well Former Utah Governor Mike Leavitt was seen in a blue jacket. He has attended the conference in the past

South Carolina Republican Senator Tim Scott’s office confirmed to DailyMail.com that he is in attendance after he was photographed in Idaho as well, as was former Utah Governor Mike Leavitt who has attended the elite conference in the past

On Wednesday, Joe Biden's Commerce Secretary, Gina Raimondo, was photographed in Sun Valley, Idaho

On Wednesday, Joe Biden’s Commerce Secretary, Gina Raimondo, was photographed in Sun Valley, Idaho

Not much is known about what goes on behind closed doors at the Sun Valley Lodge, but many deals tend to come out of it, according to New York Magazine.

In the past, after attending the Allen & Company Sun Valley Conference, Amazon founder Jeff Bezos decided to buy the Washington Post, and Disney executives once left the conference with a plan to buy ABC.

This year, New York Magazine reports, attention may be focused on companies like Peloton and Netflix, which have seen their stocks fall significantly over the past few months.

In May, Peloton executives announced that their stocks have plummeted nearly 90 percent over the past year and revealed that the company lost $757.1 million for the three months of 2022, amounting to about $2.27 per share. When stripping out nonrecurring items from the equation, a survey by Zacks Investment Research, it lost 98 cents per share – outpacing projections of a per-share loss of 85 cents.

CEO Barry McCarthy told shareholders at the time that the company had just $879 million in cash on hand, and announced that the company has a ‘binding commitment’ with JP Morgan and Goldman Sachs to borrow $750 million.

The at-home fitness company – which saw a boom in demand during the COVID pandemic – is now changing its stock compensation plan and granting cash bonuses to hourly workers in a desperate attempt to keep employees, according to Business Insider.

Executives recently told eligible employees that their post-IPO stock options will be repriced to Peloton’s closing price on July 1 of $9.13 – meaning that the threshold to exercise stock options for employees has been significantly lowered.

Hourly employees were also told they could get a one-time bonus, which would be paid out at the end of February.

Barry McCarthy, CEO of Peloton Interactive Inc, and his wife Valerie, looked distressed as they walked to a morning session in the Idaho forest on Thursday, amid slumping profits for the company

Barry McCarthy, CEO of Peloton Interactive Inc, and his wife Valerie, looked distressed as they walked to a morning session in the Idaho forest on Thursday, amid slumping profits for the company

Not much is known about what goes on behind closed doors at the Sun Valley Lodge (pictured) but in the past some major deals including Jeff Bezos' takeover of the Washington Post and Disney's plan to buy ABC came out of the Allen and Company Sun Valley Conference - which has been dubbed 'billionaire summer camp'

Not much is known about what goes on behind closed doors at the Sun Valley Lodge (pictured) but in the past some major deals including Jeff Bezos’ takeover of the Washington Post and Disney’s plan to buy ABC came out of the Allen and Company Sun Valley Conference – which has been dubbed ‘billionaire summer camp’

Netflix stock, meanwhile, is still down 70 percent despite the ‘short-term relief’ provided by the release of the final two episodes of Stranger Things season four.

Its stock had been on the rise after debuting the final two episodes on Friday, causing an overwhelming number of viewers caused the site to crash. 

The latest season pushed total viewership for the series to more than 1.15 billion hours, making Stranger Things 4 the the second most-watched Netflix season ever.  

But analysts warn Netflix is still a ‘business in transition.’ The company is battling ‘subdued’ subscriber growth fueled by record-high inflation rates and stiff competition from Amazon, Apple and Disney+.

At the end of the first quarter this year, company executives announced the streaming giant lost 200,000 subscribers, shrinking the value of the company nearly 70 percent. It also announced it expects to lose another 2 million subscribers by the end of Q2.

And just recently, the platform cut 300 staffers in late June, weeks after laying off off over 150 employees as it grappled with its weakened stock price. 

One of the most talked-about new hires in media, Warner Discovery CEO David Zaslav, caused waves on Tuesday after arriving with his predictions for the future of streaming services.

He said the streaming industry will focus on creating fewer, better shows of higher quality after a Netflix subscriber slump. 

Netflix co-founder, Ted Sarandos, was also present on Tuesday, although he hasn’t made any public comment on Zaslav’s prediction. 

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