SUN VALLEY, IDAHO - JULY 09: (L-R) CEO of Meta Platforms Mark Zuckerberg and former U.S. Deputy National Security Advisor Dina Powell McCormick attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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 09: CEO of Meta Platforms Mark Zuckerberg (C) and former U.S. Deputy National Security Advisor Dina Powell McCormick (R) attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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 09: CEO of Meta Platforms Mark Zuckerberg attends the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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 09: Federal Reserve Chair Kevin Warsh attends the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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 09: (L-R) CEO of Meta Platforms Mark Zuckerberg and former U.S. Deputy National Security Advisor Dina Powell McCormick attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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)

Employees of German car maker Volkswagen (VW) wave flags and display banners as they take part in a rally called by German trade union IG Metall to protest against restructuring and mass job cut plans at the VW plant in Zwickau, eastern Germany on July 9, 2026. IG Metall is organising protests by VW workers outside plants across the country on July 9, when the carmaker's bosses will present the restructuring plans to the supervisory board. Europe's largest carmaker has come under intense pressure from US tariffs, slimmer profit margins from electric cars and above all intense competition in China, the world's largest auto market. VW, whose 10 brands range from mass-market Seats to premium Porsches, is already in the process of axing 50,000 jobs in Germany by 2030, including 35,000 at its namesake marque. (Photo by Jens SCHLÜTER / AFP via Getty Images) *** BESTPIX ***

SUN VALLEY, IDAHO - JULY 09: Film producer Brian Grazer and GIC Chief Investment Officer for Public Equities Mark Ong attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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 09: Film producer Brian Grazer and GIC Chief Investment Officer for Public Equities Mark Ong attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 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)