George Steer

My interpretation is that...

executives at all three companies realized that there is huge investor demand right now for AI and anything connected to space travel.

The US stock market, at least, has been almost entirely driven by the AI hype story over the last few years and in the last month, basically since the end of March, especially.

You know, a cynic could say that these three companies are capitalizing on peak excitement, peak demand for the industries in which they operate.

Thank you.

Hi.

So quarterly reporting has been pretty customary in the US since the early 1970s.

So we've had almost half a century now of companies listed in the US having to file four reports.

So the new proposal would cut that in two.

So SEC Chair Paul Atkins said on Tuesday that the current rules dictating that companies have to file four times a year are too rigid.

The implication is that management is distracted by constantly having to prepare huge documents with all of their financials.

And that, you know, by cutting the number of filings that these big companies have to make, executives will have more time to focus on growth and jobs and all of the good things that companies are meant to be doing.

Exactly, exactly.

And Donald Trump actually kind of made this point

First in 2018, during his first term, and then again last September when he said on Truth Social that companies in China have like 50 to 100 year views on growth and how they're going to boost jobs.

So the U.S.

has kind of had a strategic structural disadvantage by having to file so frequently.

Well, I guess the investment ecosystem is kind of split on this idea, I guess.

Some bodies that represent investors say that greater transparency and tighter

Disclosure requirements make for more efficient capital allocation.