INDIO, CALIFORNIA - APRIL 12: (FOR EDITORIAL USE ONLY) Cobrah attends the YouTube Backstage Studio during Weekend 1 of Coachella 2026 at Empire Polo Club on April 12, 2026 in Indio, California. (Photo by Rodin Eckenroth/Getty Images for YouTube)

INDIO, CALIFORNIA - APRIL 12: (FOR EDITORIAL USE ONLY) (L-R) Stacey, Aiah, Mikha, Colet, Jhoanna Robles, Gwen and Sheena of BINI attend the YouTube Backstage Studio during Weekend 1 of Coachella 2026 at Empire Polo Club on April 12, 2026 in Indio, California. (Photo by Rodin Eckenroth/Getty Images for YouTube)

INDIO, CALIFORNIA - APRIL 12: (FOR EDITORIAL USE ONLY) Nav attends the YouTube Backstage Studio during Weekend 1 of Coachella 2026 at Empire Polo Club on April 12, 2026 in Indio, California. (Photo by Rodin Eckenroth/Getty Images for YouTube)

INDIO, CALIFORNIA - APRIL 12: (FOR EDITORIAL USE ONLY) (L-R) Armin van Buuren and Adam Beyer attend the YouTube Backstage Studio during Weekend 1 of Coachella 2026 at Empire Polo Club on April 12, 2026 in Indio, California. (Photo by Rodin Eckenroth/Getty Images for YouTube)

WASHINGTON, DC - APRIL 13: Chris Bohn (President and Chief Executive Officer - CF Industries) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: (L-R) Tim Spence (Chairman, CEO and President - Fifth Third Bancorp), Chris Bohn (President and Chief Executive Officer - CF Industries) and Liz Hoffman (Business & Finance Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Liz Hoffman (Business & Finance Editor - Semafor) speak on stage during Semafor World Economy 2026 on April speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Chris Bohn (President and Chief Executive Officer - CF Industries) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)