WASHINGTON, DC - APRIL 14: (L-R) Thorold Barker (Former Editor for Europe, Middle East and Africa - The Wall Street Journal) and Jean Hynes (Chief Executive Officer & Managing Partner - Wellington Management) 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: John Rogers, Jr. (Founder, Chairman & Co-CEO - Ariel Investments) 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) Thorold Barker (Former Editor for Europe, Middle East and Africa - The Wall Street Journal), Jean Hynes (Chief Executive Officer & Managing Partner - Wellington Management) and John Rogers, Jr. (Founder, Chairman & Co-CEO - Ariel Investments) 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) Thorold Barker (Former Editor for Europe, Middle East and Africa - The Wall Street Journal), Jean Hynes (Chief Executive Officer & Managing Partner - Wellington Management) and John Rogers, Jr. (Founder, Chairman & Co-CEO - Ariel Investments) 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: Thorold Barker (Former Editor for Europe, Middle East and Africa - The Wall Street Journal) 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: Jean Hynes (Chief Executive Officer & Managing Partner - Wellington Management) 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: Jean Hynes (Chief Executive Officer & Managing Partner - Wellington Management) 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: Ben Smith (Co-Founder & Editor-in-Chief - Semafor) 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)