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The president proposed changing the rules to require twice-yearly reports, revisiting an idea from his first term.
By Joe Rennison
President Trump on Monday proposed to reduce the frequency that public companies report financial information to their investors and the public, suggesting cutting requirements in half by going to two, instead of four, reports a year.
“This will save money, and allow managers to focus on properly running their companies,” Mr. Trump said in a post on Truth Social. Public companies in the United States have been required to publish quarterly reports for more than 50 years. Many markets in Europe require companies to report only twice a year.
