Jimmy Iovine, an American entrepreneur and former CEO of Beats Electronics, speaks during the Semafor World Economy 2026 conference in Washington, DC, April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Neil Blumenthal, co-founder and co-CEO of Warby Parker, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Joanna Geraghty, CEO of JetBlue, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Joanna Geraghty, CEO of JetBlue, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)

Bill Demchak, Chairman and CEO of PNC, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 16, 2026. (Photo by SAUL LOEB / AFP via Getty Images)