★ Government Action
SEC approves JBS NYSE listing after Pilgrim's $5M Trump donation
Filed April 2025
★ The Brief
What happened
In April 2025, the SEC approved JBS's dual listing on the New York Stock Exchange, a goal the Brazilian meatpacker had pursued for nearly a decade. Months earlier, JBS subsidiary Pilgrim's Pride gave $5 million to Trump's inaugural committee.
Who enabled it
Who benefits
Deal or steal?
Pilgrim's $5 million inaugural gift was the single largest the committee received, more than Apple's CEO, Amazon, Meta, and Google gave combined. JBS won the listing it had sought for nearly a decade while under several federal investigations, including a DOJ antitrust probe.
★ Cast your vote
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.
Further reading
- ★ Government ActionAugust 2025Trump's SEC ends Biden-era Ripple Labs crypto enforcement case
- ★ Government ActionApril 2025Trump's SEC pauses Gemini Trust enforcement lawsuit
- ★ Government ActionFebruary 2025Trump's SEC closes Robinhood crypto investigation with no action
- ★ Government ActionFebruary 2025Trump's SEC dismisses civil enforcement case against Coinbase
- ★ Government ActionJune 2026Trump DOJ drops Abbott baby-formula criminal probe for civil deal
- ★ Government ActionJune 2026Trump's DOJ closes Paramount-Warner probe before staff could object