Trump says the US should do away with quarterly earnings reports

Core Viewpoint - President Trump advocates for changing the quarterly earnings report requirement to a six-month reporting period, arguing it would save money and allow managers to focus on running their companies effectively [1]. Group 1: Regulatory Changes - Trump has previously requested the SEC to consider the shift from quarterly to six-month reporting during his first term, but no changes were implemented [2]. - The Long Term Stock Exchange has announced plans to petition the SEC to eliminate the quarterly reporting requirement, emphasizing a focus on long-term goals [2]. Group 2: Perspectives on Reporting Frequency - Supporters of the six-month reporting argue that quarterly reporting is costly and time-consuming, which may deter companies from going public. They believe it leads executives to prioritize short-term earnings over long-term planning [3]. - Proponents of maintaining quarterly earnings reporting contend that these reports provide essential financial updates to investors and highlight new risks that companies may face [3].