💨 Abstract

Brazilian meat conglomerate JBS will start trading on the New York Stock Exchange. Despite opposition from environmental groups and U.S. lawmakers due to concerns over corruption, environmental destruction, and monopolistic behavior, the company aims to tap into a broader investor base and secure more competitive interest rates. JBS is currently America’s top beef producer and the second-largest producer of poultry and pork. Despite pushback, including from investor advisory firm Glass Lewis, the listing was approved by the U.S.

Courtesy: WTOP Staff