WASHINGTON, DC - APRIL 15: George Petrocheilos (Co-Founder & Managing Partner - “Catalio Capital Management, L.P.“) 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: George Petrocheilos (Co-Founder & Managing Partner - “Catalio Capital Management, L.P.“) 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)

White House Press Secretary Karoline Leavitt speaks during a press briefing with US Treasury Secretary Scott Bessent and Administrator of the Small Business Administration Kelly Loeffler in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

White House Press Secretary Karoline Leavitt speaks during a press briefing with US Treasury Secretary Scott Bessent and Administrator of the Small Business Administration Kelly Loeffler in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

US Treasury Secretary Scott Bessent looks on as Administrator of the Small Business Administration Kelly Loeffler speaks during a press briefing with in the Brady Briefing Room at the White House in Washington, DC, on April 15, 2026. (Photo by Brendan SMIALOWSKI / AFP via Getty Images)

WASHINGTON, DC - APRIL 15: Daniel Heaf (CEO - Bath & Body Works) and Gina Chua (Executive Editor at Large - 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: Daniel Heaf (CEO - Bath & Body Works) and Gina Chua (Executive Editor at Large - 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: Daniel Heaf (CEO - Bath & Body Works) and Gina Chua (Executive Editor at Large - 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)