A man walks past an electronic quotation board displaying the Nikkei Stock Average on the Tokyo Stock Exchange along a street in Tokyo on June 25, 2026. (Photo by Kazuhiro NOGI / AFP via Getty Images)

NAPA, CALIFORNIA - JUNE 24: (L-R) Maya Allen and Laney Crowell, Founder & CEO, Saie, attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: (L-R) Pilkyung Yoon Choi, CMO, Laneige, and Danessa Myricks attend The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: (L-R) Annabel Bolton and Wendy Franks, Amazon speak onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Monica Schipper/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: (L-R) Annabel Bolton and Wendy Franks, Amazon speak onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Amy Sussman/Getty Images for The Business of Fashion)

NAPA, CALIFORNIA - JUNE 24: Wendy Franks, Amazon speaks onstage during The Business of Beauty Global Forum 2026 at Stanly Ranch on June 24, 2026 in Napa, California. (Photo by Frazer Harrison/Getty Images for the Business of Fashion)

In this photo released by Xinhua News Agency, a participant passes by a billboard promoting the Annual Meeting of the New Champions in Dalian, northeastern China's Liaoning Province, on Tuesday, June 23, 2026. (Pan Yulong/Xinhua via AP)

In this photo released by Xinhua News Agency, Chinese Premier Li Qiang, center, listens to enterprise introduction and report on the development of shipbuilding industry in Dalian at the Dalian Shipbuilding Industry Co., Ltd. in Dalian, northeastern China's Liaoning Province on Monday, June 22, 2026. (Huang Jingwen/Xinhua via AP)