WASHINGTON, DC - APRIL 13: Bob Pragada (Chair & CEO - Jacobs) and Tim McDonnell (Climate & Energy Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: (L-R) Lorenzo Simonelli (Chairman & CEO - Baker Hughes), Bob Pragada (Chair & CEO - Jacobs) and Tim McDonnell (Climate & Energy Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: (L-R) Lorenzo Simonelli (Chairman & CEO - Baker Hughes), Bob Pragada (Chair & CEO - Jacobs) and Tim McDonnell (Climate & Energy Editor - Semafor) speak on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Paul Griggs (US Senior Partner & CEO - PwC US) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Paul Griggs (US Senior Partner & CEO - PwC US) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Lorenzo Simonelli (Chairman & CEO - Baker Hughes) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Paul Griggs (US Senior Partner & CEO - PwC US) speaks on stage during Semafor World Economy 2026 on April 13, 2026 in Washington, DC. (Photo by Tasos Katopodis/Getty Images for Semafor World Economy)

WASHINGTON, DC - APRIL 13: Peter Orszag, CEO and Chairman of Lazard, participates in a discussion at the Semafor World Economy 2026 summit on April 13, 2026 in Washington, DC. The summit brings together business leaders and tech CEO's for discussions on economy, artificial intelligence and business trends. (Photo by Kevin Dietsch/Getty Images)