Bessent: Trump's push to scrap quarterly company reports will be a win for investors
1. Trump suggests shifting to semiannual corporate earnings reports, promoting long-term focus. 2. U.S. listed companies decreased from 7,000 in 1996 to under 4,000 in 2020. 3. Semiannual reporting may lower compliance costs, attracting more companies to U.S. markets. 4. Investors fear reduced reporting frequency could lessen financial transparency. 5. CII warns against possible governance issues if quarterly reporting is removed.