Good morning to you all. Jessica Mathews again, filling in for Andrew Nusca.Earlier this week, President Donald Trump wrote on Truth Social that companies should only have to report earnings twice a year—versus every quarter. “This will save money, and allow managers to focus on properly running their companies,” he wrote. “Did you ever hear the statement that, ‘China has a 50 to 100 year view on management of a company, whereas we run our companies on a quarterly basis???’ Not good!!!”The president isn’t the only investor who feels this way. Still, it’s easy to think of some downsides.In case you didn’t already think tech investing was a wild ride, imagine investors having to speculate what’s going on during six-month waits between reports. Well, maybe you don’t have to imagine that hard. In private markets, startups can be rather selective in what they disclose to investors—and when they choose to disclose it. Investors who don’t have board seats often have no idea what’s going on in a private company unless a startup is gearing up for a fundraise (or if the investors have close connections to the company’s executive team and its board). But of course, private companies don’t face the high-stakes popularity contest of the stock markets every day. The fact that public CEOs have to get on a call, tell the world what happened over those last three months, and then answer questions about it means that we have transparency. As we all know, a lot can happen in six months. Remember when Silicon Valley Bank collapsed in less than a week? It was only during earnings season that we found out who else was exposed to it.There is something to be said for encouraging investors to look at the bigger picture. CEOs have been complaining about quarterly reports for decades. These reports can encourage investors—and therefore the company’s executives and board—to focus on incremental financial metrics and hype versus longer-term product investments and initiatives. Anyway, it’s a hotly-debated topic—as it should be. The SEC hasn’t made any changes for now. But if President Trump is turning his attention to something, it’s best to pay close attention.More news below.—Jessica MathewsWant to send thoughts or suggestions to Fortune Tech? Drop a line here.This story was originally featured on Fortune.com