Meatpacking giant JBS debuts on NYSE six months after $5m Trump donation

Date:

JBS, the world’s largest meatpacking company, began trading on the New York Stock Exchange on June 13, just six months after its U.S. subsidiary, Pilgrim’s Pride, made a $5 million donation to Donald Trump’s 2025 inauguration, the single largest contribution to the event.

The Brazil-founded company has sought a U.S. listing for more than a decade, and in its latest attempt faced a nearly two-year delay imposed by the U.S. Securities and Exchange Commission (SEC), a federal agency responsible for regulating the stock market, amid pressure from civil society groups over the company’s history of corruption and its role in Amazon deforestation.

The NYSE listing is “a catastrophe for the planet,” Alex Wijeratna, senior director at the U.S.-based environmental nonprofit Mighty Earth, one of the main signatories of letters raising concerns to the SEC, said in a

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...