The world’s largest meat company, Brazil-based JBS, has sought a listing on the New York Stock Exchange for more than a decade, but the company, which has long been accused of links to illegal deforestation in the Amazon, was stymied by corruption charges.
Since Trump’s inauguration, the U.S. Department of Agriculture announced a loosening of regulations on poultry processors that would allow them to increase processing speeds—a move long sought by the industry.
In a separate matter, Pilgrim’s Pride, a public company traded on the Nasdaq exchange, agreed in January to pay $41 million to address charges that it artificially inflated its stock prices.
The SEC declined to comment on an “individual company or filing.” According to a description of its review process, the SEC “does not evaluate the merits of any transaction or determine whether an investment is appropriate for any investor.”
Until recently, the SEC pushed back on JBS’ attempts to list on the world’s largest stock exchange as lawmakers and advocacy groups worked to block the company. In the waning months of the first Trump administration, the commission and the Department of Justice fined JBS, along with its parent company, J&F Investimentos, and Joesley and Wesley Batista—the brothers who control most of the company—a total of $280 million after determining they had bribed roughly 1,800 Brazilian officials, in part to facilitate JBS’ acquisition of Pilgrim’s Pride.
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admin2025.04.28 19:57
In a separate matter, Pilgrim’s Pride, a public company traded on the Nasdaq exchange, agreed in January to pay $41 million to address charges that it artificially inflated its stock prices.