★ Government Action
SEC approves JBS NYSE listing after Pilgrim's $5M Trump donation
Corporate FavorsJBS/Pilgrim's Pride Inaugural Donation
Filed April 2025
★ The Brief
Who enabled it
Who benefits
In April 2025, the U.S. Securities and Exchange Commission approved JBS's application for a dual listing on both the Brazilian exchange and the New York Stock Exchange. JBS had sought the NYSE listing for nearly a decade. The approval came months after its subsidiary Pilgrim's Pride made a $5 million donation to the Trump-Vance Inaugural Committee. Senator Elizabeth Warren subsequently raised concerns about whether the donation may have constituted undue influence over the SEC's decision.
Actors
Who pushed it · 1Who initiated, paid, or pushed the action.
Securities and Exchange CommissionApproved JBS's long-pending application for a dual listing on the New York Stock Exchange in April 2025.
Beneficiaries
Who gained · 1Who stood to gain.
JBS USAReceived SEC approval for a dual listing on the NYSE, a goal the company had pursued for nearly a decade.
Further reading
- ★ Government ActionFebruary 2025Trump's SEC closes Robinhood crypto investigation with no action
- ★ Government ActionFebruary 2025Trump's SEC dismisses civil enforcement case against Coinbase
- ★ Private ActionJanuary 2025Pilgrim's Pride donates $5M to Trump-Vance inaugural, largest donor
- ★ Government ActionFebruary 2026Moroun lobbies Lutnick before Trump threatens Gordie Howe Bridge
- ★ Government ActionFebruary 2026Trump threatens to block Gordie Howe Bridge opening to punish Canada
- ★ Private ActionJanuary 2026Moroun donates $1M to MAGA Inc. before lobbying against rival bridge