OURA, CEO Tom Hale (C) and Brooks Tingle, President and CEO of John Hancock (R), speak during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

WASHINGTON, DC - APRIL 15: (L-R) Cristóbal Valenzuela (Co-founder - Runway) and Rohan Goswami (Business 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) Cristóbal Valenzuela (Co-founder - Runway) and Rohan Goswami (Business 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) Cristóbal Valenzuela (Co-founder - Runway) and Rohan Goswami (Business 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: Cristóbal Valenzuela (Co-founder - Runway) 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: Cristóbal Valenzuela (Co-founder - Runway) 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)

US Acting Attorney General Todd Blanche speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent Nishimura / AFP via Getty Images)