Good morning. In this edition:

• 📝 Semiannual earnings reports?
• 💀 World’s oldest mummies
• 😬 Barefoot Lego sprint

…and much more.

Ready, Set, Go: Today’s news should be a ~3.27-minute read (870 words).

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“Only those who dare to fail greatly can ever achieve greatly.”

–Robert F. Kennedy (1925-1968)

President Trump on Monday suggested in a Truth Social post that publicly traded companies in the US shift from reporting earnings on a quarterly basis and instead do so twice per year, reviving an idea from his first term that’s recently regained traction.

• Hours after Trump’s post, the Securities and Exchange Commission (SEC) confirmed that it’s “prioritizing this proposal to further eliminate unnecessary regulatory burdens on companies.”
• The SEC has required all publicly traded companies to report quarterly earnings since 1970.

It’s not just Trump. The President’s proposal echoes one from the Long-Term Stock Exchange, a US-regulated exchange with a focus on long-term, sustainable value creation. The LTSE has been meeting with the SEC for weeks about its proposal to switch from quarterly to semiannual reporting requirements (every six months).

• The case for less-frequent quarterly reports also has prominent fans like JP Morgan Chase CEO Jamie Dimon, as well as Berkshire Hathaway chair Warren Buffett.
• European exchanges swapped from quarterly to semiannual reporting following a 2013 rule change, though many companies still continue their 4x/year cadence.

The arguments

Proponents of the move away from quarterly earnings argue it would provide a wide range of benefits to companies, investors, and the US economy as a whole.

• Companies would potentially be able to operate better and more sustainably because they can focus more on long-term goals and efficiency-boosting investments, versus short-term earnings growth.
• Many CEOs and executives would prefer to deal with sell-side analysts and investors fewer than 4x/year.
• Small-cap companies with fewer resources would also appreciate having to offer half as many earnings reports, which typically draw resources and attention away from company operations.

On the flip side: Opponents of less frequent earnings reports argue that the potential downsides of such a change outweigh any potential benefits. They say the high level of clarity and transparency that’s currently required by the SEC is necessary to keep investors informed, to boost trust in US markets, and to reduce the chances of market manipulation.

Looking ahead…Trump’s proposal to reduce the frequency of earnings reports must complete a multistep process overseen by US securities regulators before it can become a rule.

📊 Flash poll: What are your thoughts on the proposal to shift SEC requirements for publicly traded companies from quarterly earnings to a frequency of 2x/year?

• Support
• Oppose
• Unsure/other

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BUSINESS & MARKETS

• 🏭 Eli Lilly to build $5 billion manufacturing facility in Virginia; it’s the first of four planned US manufacturing sites, which aim to start producing medicines by 2030.
• 🏦 Federal appeals court upholds order that temporarily blocks President Trump’s bid to fire Federal Reserve Gov. Lisa Cook while her legal challenge plays out; the Fed’s vote on whether to adjust interest rates is set for later today.
• 📱 TikTok’s US business will reportedly be 80% owned by an investor consortium that includes Oracle, Silver Lake, and Andreessen Horowitz under the US gov’t’s new deal with China.

SPORTS, MEDIA & ENTERTAINMENT

in partnership with PensionBee

• 🙏 Robert Redford, the legendary actor, director, and founder of the Sundance Institute and Film Festival, died at 89.
• 🏀 Dallas Wings G Paige Bueckers wins WNBA Rookie of the Year; she ranked third all-time among rookies in total points and assists for the regular season.
• 🎤 Coachella announces 2026 lineup, headlined by Sabrina Carpenter and Justin Bieber; tickets for the April festival go on sale Friday. | LimeWire (yes, that LimeWire) announces purchase of rights to Fyre Festival for $245,000, outbidding actor Ryan Reynolds' production company on eBay; will unveil a reimagined version of the infamous Fyre brand in the coming months.

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SCIENCE, SPACE & EMERGING TECH

• 📲 Apple launches iOS 26 across software platforms; new features include Liquid Glass visual design, AI-powered live translation, call screening, and messaging customizations .
• 🤖 OpenAI announces plans for new ChatGPT teen-safety features; they include a system that automatically sorts users into age-appropriate versions of ChatGPT—one for those aged 13-17, and another for adults 18+.
• 💀 Scientists discover what’s believed to be the world’s oldest known mummies—dating back ~12,000 years—in southeastern Asia.

US, WORLD & POLITICS

• 📝 The 22-year-old male accused of assassinating conservative activist Charlie Kirk was formally charged with several offenses, including aggravated murder; Utah prosecutors say they’re seeking the death penalty, and shared new details about the alleged shooter.
• 🌍 Israel’s military begins ground offensive to seize Gaza City, the largest Palestinian city; coincides with the publication of a UN report that concluded Israel has committed genocide against Palestinians in Gaza since October 2023.
• 🏛️ FBI Director Kash Patel testifies before the Senate Judiciary Committee in the first oversight hearing of his tenure. | President Trump files $15 billion lawsuit against The New York Times, book publisher Penguin Random House, and others, accusing them of interference in the 2024 presidential election and “spreading false and defamatory content.”

☝️ Gabrielle Wall, a mom and autoimmune-disease survivor, always dreamed of snagging a Guinness World Record. After a health scare a few years back inspired a fast-tracking of her bucket list, she finally did it—setting the official record for fastest barefoot 100-meter sprint on Lego bricks. (Basically a football field of pain.)

🤔 Did you know? Babies don’t produce tears when they cry during their first few weeks of life, as their tear ducts are still developing. While their cries are loud and very real, the waterworks take around 3-4 weeks to catch up.

📰 Worth a read: The art of balancing solitude and connection

🖱️ Clickbait: One man’s mission to flip free stuff on FB Marketplace into $1,000

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How it works: We provide an incorrect stat. Your challenge is to guess whether the actual number is over or under the given value.

1. 🚀 30,000 mph: Speed needed to escape Earth’s gravity
2. ☕ 5,000: Cups of coffee consumed worldwide every second
3. 🚿 250 gallons: How much water the average American household uses each day

🌱 Boston is going green: The city just became the first in the US to top bus stops with living garden roofs, adding the equivalent of ~17 acres of greenery across town.

1. 🚀 Under; ~25,000 MPH
2. ☕ Over; 26,000+ cups/day
3. 🚿 Over, 300 gallons