WASHINGTON, DC - APRIL 13: Chris Bohn (President and Chief Executive Officer - CF Industries) 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: (L-R) Tim Spence (Chairman, CEO and President - Fifth Third Bancorp), Chris Bohn (President and Chief Executive Officer - CF Industries) and Liz Hoffman (Business & Finance 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: Chris Bohn (President and Chief Executive Officer - CF Industries) 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: (L-R) Tim Spence (Chairman, CEO and President - Fifth Third Bancorp), Chris Bohn (President and Chief Executive Officer - CF Industries) and Liz Hoffman (Business & Finance 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) Tim Spence (Chairman, CEO and President - Fifth Third Bancorp), Chris Bohn (President and Chief Executive Officer - CF Industries) and Liz Hoffman (Business & Finance 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: Chris Bohn (President and Chief Executive Officer - CF Industries) 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: Chris Bohn (President and Chief Executive Officer - CF Industries) 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)

Jason Buechel, Vice President of Amazon Worldwide Grocery Stores and CEO of Whole Foods Market, speaks during the Semafor World Economy 2026 conference in Washington, DC, on April 13, 2026. (Photo by SAUL LOEB / AFP via Getty Images)