SUN VALLEY, IDAHO - JULY 07: Co-CEO of Netflix Ted Sarandos arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Chairman of OpenAI Bret Taylor arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Chairman of OpenAI Bret Taylor arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Chairman of OpenAI Bret Taylor arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Chairman of OpenAI Bret Taylor arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Chairman of OpenAI Bret Taylor arrives at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 07: Former CEO of Yahoo Jerry Yang arrives at the Sun Valley lodge for the Allen & Company Sun Valley Conference on July 7, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

This photograph shows cattle in a meadow in Angevillers, northeastern France, on July 7, 2026. Due to several heatwaves in June little has been growing in meadows and farmers in France are already having to feed their livestock the fodder intended for wintersupplies which were already limited by the drought. (Photo by Jean-Christophe VERHAEGEN / AFP via Getty Images)