WASHINGTON, DC - APRIL 14: Matthew Cabe, President and CEO of Michelin North America, Inc., participates in a discussion at the Semafor World Economy 2026 summit on April 14, 2026 in Washington, DC. The summit brings together business leaders and tech CEO's for discussions on economy, artificial intelligence and business trends. (Photo by Kevin Dietsch/Getty Images)

WASHINGTON, DC - APRIL 14: (L-R) Gina Chua (Executive Editor at Large - Semafor), Ariel Cohen (Founder & CEO - Navan) and Ariane Gorin (CEO - Expedia Group) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Ariane Gorin (CEO - Expedia Group) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Ariel Cohen (Founder & CEO - Navan)speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: Ariane Gorin (CEO - Expedia Group) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Martin Whittaker (CEO - Just Capital) speaks on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Martin Whittaker (CEO - Just Capital) and Prashant Rao (Senior Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 14: (L-R) Martin Whittaker (CEO - Just Capital) and Prashant Rao (Senior Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 14, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)