(Reuters) -Nasdaq CEO Adena Friedman on Monday advocated to provide public companies the option to report either quarterly or semi-annually, as the exchange operator reinforces its support for reforms to reduce reporting burden on publicly listed companies.

The comments come after U.S. President Donald Trump on Monday renewed calls for ending quarterly reports for companies, a move that would mark a major shift for corporate America if approved.

Trump’s idea, which revisits a similar call he made in 2018, is subject to the approval of the U.S. Securities and Exchange Commission.

“Thank you, President Trump for shining a light on a key challenge that leaders of public companies face: short-termism, exacerbated by quarterly reporting,” Friedman said in a post on LinkedIn.

Friedman said t

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