Spanish Deputy Prime Minister and Minister of Economy, Trade and Business Carlos Cuerpo speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Paula Kerger, President and CEO of PBS, speaks during the Semafor World Economy 2026 conference in Washington, DC, April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Jimmy Iovine, an American entrepreneur and former CEO of Beats Electronics, speaks during the Semafor World Economy 2026 conference in Washington, DC, April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Neil Blumenthal, co-founder and co-CEO of Warby Parker, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Joanna Geraghty, CEO of JetBlue, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Joanna Geraghty, CEO of JetBlue, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)