Status Update formatting

As it stands right now the Status Update field on the report clears all of the formatting (bullets, indents, hyperlinks, bolding, underlining etc.) that was added using the native text editor when a status update is posted on an item.

Instead a basic block of text is shown in shown within the Status Update column on the report, the only remnant of formatting that persists is the "new line" separator.

It would be great if the Status Update field on the reports would retain the formatting added by the user with the native text editor when posting status updates.