WASHINGTON, DC - APRIL 15: Divesh Makan (Founding Partner - ICONIQ) 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: Scott Strazik (CEO - GE Vernova) and Liz Hoffman (Business & Finance Editor - 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: Divesh Makan (Founding Partner - ICONIQ) 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: (L-R) Shelby Talcott (White House Correspondent - Semafor) and Todd Blanche (Acting United States Attorney General - U.S. Department of Justice) 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: (L-R) Shelby Talcott (White House Correspondent - Semafor) and Todd Blanche (Acting United States Attorney General - U.S. Department of Justice) 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: Shelby Talcott (White House Correspondent - Semafor) 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)

CEO of Iberdrola Pedro Azagra arrives to speak at the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)

CEO of Iberdrola Pedro Azagra speaks during the 2026 Semafor World Economy conference in Washington, DC, on April 15, 2026. (Photo by Kent NISHIMURA / AFP via Getty Images)