CORRECTION / Milken Institute Chairman, Michael Milken, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / Founder and CEO of Altimeter, Brad Gerstner, speaks alongside US Senator Ted Cruz (R-TX) during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / Chairman and CEO of State Street, Ron O'Hanley, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / Co-President of Morgan Stanley, Daniel Simkowitz, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / CEO of the California Public Employees' Retirement System (CALPERS), Marcie Frost, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / Founder and CEO of Altimeter, Brad Gerstner, speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / The Franklin Templeton Investments CEO Jenny Johnson speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."

CORRECTION / The Carlyle Group CEO Harvey Schwartz speaks during the 29th annual Milken Institute Global Conference at the Beverly Hilton in Beverly Hills, California on May 4, 2026. (Photo by Patrick T. Fallon / AFP via Getty Images) / "The erroneous mention[s] appearing in the metadata of this photo by Patrick T. Fallon has been modified in AFP systems in the following manner: [2026] instead of [2025]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require."