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)

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)

Premium gasoline prices above $6 per gallon and diesel fuel prices above $7 a gallon are displayed outside of a Shell gas station in West Hollywood, California on April 14, 2026. The US Treasury Department said on April 14 that it does not plan to renew a temporary easing of sanctions on Iranian oil that aimed to ease war-related supply shocks. (Photo by Patrick T. Fallon / AFP via Getty Images)