The Brazilian meat giant JBS had a notable moment when it started trading on the New York Stock Exchange. The company, which has been around for 72 years, saw its shares dip by 3. 9% on the first day. This event was a long time coming for JBS, which is now one of the biggest meat producers globally. JBS is a major player in the U. S. meat industry. It employs over 7...
The Batista brothers, Joesley and Wesley, are behind JBS, the world's top meat producer. They've had a rough ride with the law, facing charges for bribing over 1, 800 politicians in Brazil. Despite this, they're set to list their company on the New York Stock Exchange. This move comes after a decade of delays due to scandals, including bribes to meat inspectors and i...
In a surprising move, Brazil's environmental agency has slapped fines totaling $64 million on 23 meatpacking companies. The fines are for buying and selling cattle that were raised on deforested land in the Amazon, an area where raising cattle is a major cause of deforestation. Over 18, 000 cattle were tracked in a 100 square mile area that is off-limits due to illeg...