WASHINGTON, DC - APRIL 15: Chairman and CEO of Gilead Sciences Daniel O’Day speaks at the Semafor World Economy 2026 summit on April 15, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Alex Wong/Getty Images)

WASHINGTON, DC - APRIL 15: Chairman and CEO of Gilead Sciences Daniel O’Day speaks at the Semafor World Economy 2026 summit on April 15, 2026 in Washington, DC. The summit brings together business leaders and tech CEOs for discussions on economy, artificial intelligence and business trends. (Photo by Alex Wong/Getty Images)

WASHINGTON, DC - APRIL 15: (L-R) Huiyao Wang (Founder & President - Center for China and Globalization) and Andy Browne (Managing Editor, Live Journalism - 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: (L-R) Huiyao Wang (Founder & President - Center for China and Globalization) and Andy Browne (Managing Editor, Live Journalism - 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: Huiyao Wang (Founder & President - Center for China and Globalization) 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: Huiyao Wang (Founder & President - Center for China and Globalization) 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) Huiyao Wang (Founder & President - Center for China and Globalization) and Andy Browne (Managing Editor, Live Journalism - 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: Pedro Azagra (CEO - Iberdrola) and Tim McDonnell (Climate & Energy 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)