WASHINGTON, DC - APRIL 15: (L-R) Suzan DelBene (Congresswoman - D-Washington) and Eleanor Mueller (Congress Reporter - Semafor speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Suzan DelBene (Congresswoman - D-Washington) and Eleanor Mueller (Congress Reporter - Semafor speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Patrice Louvet (President & CEO - Ralph Lauren), Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) and Imran Amed (Founder, CEO and Editor-in-Chief - The Business of Fashion - The Business of Fashion) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: (L-R) Patrice Louvet (President & CEO - Ralph Lauren), Noah Horowitz (CEO - Art Basel), Patrice Louvet (President & CEO - Ralph Lauren) and Imran Amed (Founder, CEO and Editor-in-Chief - The Business of Fashion - The Business of Fashion) speak on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Suzan DelBene (Congresswoman - D-Washington) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Suzan DelBene (Congresswoman - D-Washington) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: Mirabella Brokate El Baze (Global Head of Brand and Marketing - Semafor) speaks on stage during Semafor World Economy 2026 on April 15, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 15: President and CEO of Ralph Lauren Patrice Louvet speaks at the Semafor World Economy 2026 summit on April 15, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Alex Wong/Getty Images)