Core Viewpoint - The proposal to terminate quarterly earnings reports aims to shift corporate focus from short-term performance to long-term management, potentially reducing regulatory burdens on companies [1][2]. Group 1: Proposal and Rationale - President Trump supports the idea of companies reporting earnings every six months instead of quarterly, arguing it will save costs and allow management to focus on proper company operations [1][2]. - The change is seen as a response to concerns that U.S. companies prioritize short-term stock market performance over long-term challenges and opportunities [1][3]. Group 2: Industry Context and Comparisons - The Long-Term Stock Exchange plans to petition the SEC to eliminate quarterly earnings reports, reflecting a broader industry push for regulatory relief [2][3]. - Other regions, such as the EU and the UK, have already moved to semi-annual reporting, indicating a shift in regulatory practices [3]. Group 3: Implications of the Change - Transitioning to semi-annual reports may delay timely insights into company performance, which are crucial for stakeholders like shareholders, economists, and policymakers [3][4]. - Quarterly reports provide valuable information on market trends, such as travel demand and loan loss warnings, which could be less frequent under the new system [3][4].

Group 1 - The core viewpoint is that President Trump supports the termination of quarterly earnings reports for publicly traded companies, advocating for biannual reporting instead, to shift focus from short-term performance to long-term management [1][3]. - This change is seen as a response to concerns that companies prioritize pleasing the volatile stock market over addressing long-term challenges and opportunities [2]. - The proposal to eliminate quarterly reports is expected to require approval from the SEC, which may soon evaluate this change as the Long-Term Stock Exchange plans to petition the SEC for this adjustment [3][5]. Group 2 - The trend of moving away from quarterly reporting has already been adopted by regulatory bodies in the EU and the UK, which now require companies to report every six months [4]. - Industry experts, including Jared Seberg from TD Cowen, note that there is a push within the industry to eliminate quarterly reports, with the SEC chairman appointed by Trump advocating for reduced regulatory burdens [5][6]. - However, stakeholders such as shareholders, economists, and policymakers rely on timely updates from major companies, as quarterly reports provide critical insights into market conditions and economic changes [7][8].