WASHINGTON, DC - APRIL 15: U.S. Treasury Secretary Scott Bessent (L) speaks alongside Administrator of the U.S. Small Business Administration Kelly Loeffler during a news briefing in the James S. Brady Press Briefing Room of the White House on April 15, 2026 in Washington, DC. Bessent and Loeffler joined White House Press Secretary Karoline Leavitt to discuss Working Families Tax Cuts on Tax Day, allegations of sexual assault against members of Congress and rising oil prices amid the war in Iran. (Photo by Win McNamee/Getty Images)

WASHINGTON, DC - APRIL 15: (L-R) Charles Phillips (Co Founder / Managing Partner - Recognize), George Petrocheilos (Co-Founder & Managing Partner - "Catalio Capital Management, L.P.") and Prashant Rao (Senior Editor - 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) Charles Phillips (Co Founder / Managing Partner - Recognize), George Petrocheilos (Co-Founder & Managing Partner - "Catalio Capital Management, L.P.") and Prashant Rao (Senior Editor - 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: Charles Phillips (Co Founder / Managing Partner - Recognize) 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: Charles Phillips (Co Founder / Managing Partner - Recognize) 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: (L-R) Charles Phillips (Co Founder / Managing Partner - Recognize), George Petrocheilos (Co-Founder & Managing Partner - "Catalio Capital Management, L.P.") and Prashant Rao (Senior Editor - 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)

View of the skyscrapers of the upscale Punta Paitilla neighborhood, one of the main residential and financial hubs of Panama City, on April 15, 2026. (Photo by Martin BERNETTI / AFP via Getty Images)

Birds fly over the skyscrapers of the upscale Punta Paitilla neighborhood, one of the main residential and financial hubs of Panama City, on April 15, 2026. (Photo by Martin BERNETTI / AFP via Getty Images)