A content arms race hangs over Sun Valley

Today is the start of Allen & Company’s annual media and tech conference in Sun Valley, Idaho, where many of the biggest executives in both industries gather to schmooze and, maybe, strike deals. Here’s what to look for.

Unease among companies locked in a battle for content. Amazon’s Jeff Bezos, Apple’s Tim Cook, Comcast’s Brian Roberts, Disney’s Bob Iger and WarnerMedia’s John Stankey are all expected to attend. All have streaming services that are fighting for exclusive new shows.

A potential dearth of merger proposals. The conference is known as the birthplace of Comcast’s purchase of NBCUniversal and Jeff Bezos’s acquisition of The Washington Post. This year, however, many would-be buyers are still digesting their latest takeovers, and may not be in the mood to gorge again — despite a wealth of targets.

Chatter among tech chiefs over regulation. As Washington and Brussels examine the power of Big Tech, Mr. Bezos, Mr. Cook and Mark Zuckerberg of Facebook may take time to commiserate over the attention — or squabble over who should take the blame.

What happens if there’s a $15 minimum wage?

Thanks to a new report by the Congressional Budget Office, we now have a better idea, Jim Tankersley and Emily Cochrane of the NYT write. If the federal minimum wage is lifted to $15 an hour by 2025, the report projects:

• Higher pay for at least 17 million workers in the U.S., and maybe as many 27 million.

• As many as 1.3 million people lifted out of poverty.

• But an estimated 1.3 million Americans could be put out of work, and that figure could be as high as 3.7 million.