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Regulatory Shift: SEC Prepares Proposal to Eliminate Quarterly Reporting Requirement (Wall Street Journal)
The Securities and Exchange Commission is preparing
a proposal to eliminate the requirement to report earnings quarterly and instead give companies the option to share results twice a year, the Wall Street Journal reports.
In preparation for the proposal, regulators have been talking to officials at the major exchanges to discuss how they may need to adjust their rules.
Once the proposal is published, it will be subject to a public comment period. After that period, which typically lasts at least 30 days, the SEC will vote on it. There are no guarantees it will ultimately happen. The rule is expected to make quarterly reporting optional, not eliminate quarterly reports altogether.
GOP Rift on 2020 Rerun: Republicans Want Trump to Move On from 'Stolen Election' Claims (Politico)
Conversations with nearly a dozen GOP state and county chairs and strategists reveal a party largely eager to move on from relitigating Trump’s election grievances, which they’re worried may detract from an economic message that actually motivates voters.
But the president won’t let it go, subpoenaing 2020 election records and
putting
pressure on lawmakers to pass legislation to overhaul voter registration laws.
As Republicans stare down a treacherous midterm landscape, there’s a growing view inside the party that focusing on “stolen election” claims and voter fraud will kneecap them in the general election: That messaging might play well with the MAGA base in the primary, but it could alienate moderates tired of rehashing an election from nearly six years ago.
Shutdown Standoff:
Snaking Airport Lines Become Flashpoint in Dept. of Homeland Security Shutdown Debate (Bloomberg)
DC Arts Halt: Trump's Handpicked Kennedy Center Board Approves Two-Year Closure (CNN)
President Trump’s handpicked Kennedy Center board of trustees voted Monday to close the storied performing arts institution for two years for renovations. The vote, the arts center said in a press release, was unanimous.
Trump announced the planned closure earlier this year. Monday’s stamp of approval from the board — which last year voted to rename the complex the Trump Kennedy Center — was widely expected and is just the latest effort to impose the president’s style and cultural tastes in the nation’s capital.
“It’s a little late for the board because we’ve already announced it,” Trump as the meeting was convening. “These are minor details, but I think everybody agrees,” he said, adding that new seating and marble for the renovation has already been purchased.
Recovery Backslide: Venezuela’s 600% Inflation Undercuts Trump’s Boasts of Revival (Bloomberg)
The Trump administration promised Venezuelans economic prosperity after removing Nicolás Maduro from power. Life has only gotten harder in the two months since.
The petrostate’s oil output fell 21% to 780,000 barrels a day in January and exports plunged, limiting the flow of much-needed dollars that many Venezuelans typically use instead of the depreciated local currency. Meanwhile, dollar auctions introduced by the US-supported administration have been criticized as too slow and opaque.
That helped accelerate annual inflation to around 600% in February from 475% in December, underscoring how a shortage of dollars is fueling price pressures and causing more grief for Venezuelans earning paltry stagnant wages.
AI Gold Rush: Nvidia Expects to Make $1 Trillion From AI Chips Through 2027 (Bloomberg)
🔊 New Episode Alert: Today's Daily Read Podcast just dropped, featuring an AI-powered breakdown of today’s biggest headlines. We go beyond the scroll with key takeaways, smart context, and the “why it matters” behind each story—so you can stay ahead in less time. Listen now on Spotify
or Apple Podcasts.
NYC Art Honor: The Studio Museum in Harlem Named One of the Best Places in the World (Time Out)
New York City has no shortage of world-class cultural institutions, but one Harlem museum has just earned a particularly global nod.
The Studio Museum in Harlem has been named one of TIME’s World’s Greatest Places of 2026, the magazine’s annual list spotlighting 100 standout destinations—from hotels and cruises to museums, restaurants and attractions—around the globe.
Founded in 1968 during a period of social upheaval in the US, the museum was the first in the country devoted to Black fine art. It has long served as both an archive of African American artistic history and a platform for emerging voices from across the African diaspora.
A free digital guide to the Studio Museum is available on Bloomberg Connects, the arts and culture app that allows audiences to engage with artists and explore highlights from the exhibit collections.
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