Nasdaq CEO Adena Friedman supports giving public companies the option to report quarterly or semi-annually to reduce reporting burden. President Trump renewed calls to end quarterly reports, subject to SEC approval. Friedman praises Trump for highlighting short-termism challenges and believes fewer reporting requirements could boost U.S. capital markets. Nasdaq also suggested standardizing earnings press release guidelines to replace quarterly reports.

Currently, U.S. companies must report financial statements every 90 days, but Nasdaq proposes semiannual reporting to align with the UK and EU. Top Wall Street executives, like Jamie Dimon and Warren Buffett, have criticized short-termism’s impact on the economy. Exchange operators are discussing easing regulatory burdens with the SEC, aiming to reduce disclosures and going public costs.

Read more at Yahoo Finance: Nasdaq supports reforms to reduce burden on public companies, CEO Friedman says