SUN VALLEY, IDAHO - JULY 08: (L-R) CEO of Apple Tim Cook, Senior Vice President of Services at Apple Eddy Cue, and Incoming CEO of Apple John Ternus attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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 08: (L-R) CEO of Apple Tim Cook, Senior Vice President of Services at Apple Eddy Cue, and Incoming CEO of Apple John Ternus attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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 08: (L-R) CEO of Apple Tim Cook, Senior Vice President of Services at Apple Eddy Cue, and Incoming CEO of Apple John Ternus attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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)

Switzerland's President of the Confederation and Economy Minister Guy Parmelin (L) and Mexico's President Claudia Sheinbaum shake hands at the end of a press conference at the National Palace in Mexico City on July 8, 2026. (Photo by YURI CORTEZ / AFP via Getty Images)

SUN VALLEY, IDAHO - JULY 08: (L-R) CEO of Apple Tim Cook, and Senior Vice President of Services at Apple Eddy Cue attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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 08: (L-R) CEO of Apple Tim Cook, Senior Vice President of Services at Apple Eddy Cue, and Incoming CEO of Apple John Ternus attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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)

Switzerland's President of the Confederation and Economy Minister Guy Parmelin (L) and Mexico's President Claudia Sheinbaum shake hands at the end of a press conference at the National Palace in Mexico City on July 8, 2026. (Photo by YURI CORTEZ / AFP via Getty Images)

SUN VALLEY, IDAHO - JULY 08: CEO of Palantir Technologies Alex Karp attends the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 8, 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)