Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), speaks with members of the media after ringing the opening bell at the New York Stock Exchange (NYSE) in New York City, U.S., Dec. 2, 2025. Eduardo Munoz | Reuters U.S. regulators are advancing a proposal that would allow public companies to scrap quarterly earnings reports in favor of a twice-a-year disclosure regime, a change long championed by President Donald Trump. The Securities and Exchange Commission formally proposed a rule change that would allow companies to file semiannual reports on a new form 10-S in place of the traditional quarterly10-Qs. Firms would still submit a full annual report. "The rigidity of the SEC's rules has prevented companies and their investors from determining for themselves the interim reporting frequency that best serves their business needs," SEC Chairman Paul Atkins said in a statement.…