On April 24, Trump revived last year's plan for companies to shift from quarterly to semi-annual earnings reports, with the expectation that the SEC will soon formally seek public comment on the proposal to eliminate quarterly reporting requirements. However, investors and market participants indicate that the vast majority of companies are unlikely to accept this change, as it could harm company valuations. Sam Leines, a macro strategist at WisdomTree Asset Management, stated that any company making this change would appear on the screening lists of active investment managers and could be reduced in holdings or excluded from portfolios, or its valuation could be reconsidered. While JPMorgan supports this proposal, it stated that it will continue to provide quarterly guidance to the market through conference calls with analysts and investors. Mike Reynolds, Vice President of Investment Strategy at asset and wealth management firm Glenmede, expects that the vast majority of companies will continue to report quarterly.