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US senator questions Brazilian meatpacker JBS over Trump inaugural fund donations
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US senator questions Brazilian meatpacker JBS over Trump inaugural fund donations
May 26, 2025 10:14 AM

WASHINGTON, May 19 (Reuters) - U.S. Senator Elizabeth

Warren is pushing Brazilian meatpacker JBS SA to

explain its $5 million donation to the Trump-Vance Inaugural

Committee and whether the money courted the Trump

administration's recent approval of its listing on the New York

Stock Exchange.

JBS, the world's largest meat company, received approval in

April from the Securities and Exchange Commission to dual-list

its shares in Brazil and New York after years of trying. The

company's donation to President Donald Trump's inauguration

festivities in January was the largest of any donor.

Warren, a Democrat, asked the company in a letter whether it

or its subsidiary poultry company Pilgrim's Pride had

communicated with Trump or his team about the donations or

listing approval.

Warren, who sits on the Senate Banking Committee, noted the

Department of Justice has two ongoing civil investigations into

Pilgrim's Pride, including into how it pays its farmers and for

antitrust matters.

"Your large donations and direct stake in federal policies

and enforcement actions, and the Trump Administration's series

of actions that benefit your companies, raise serious concerns

about a potential quid-pro-quo arrangement," Warren said in the

letter, which was sent to the company on Monday and first

reported by Reuters.

JBS did not immediately respond to a request for comment.

The company's shareholders will vote on its NYSE listing on May

23. Environmental groups have slammed the listing, citing

concerns over deforestation of the Amazon for livestock

production and the company's emissions of greenhouse gases.

JBS in February agreed to pay $83.5 million to settle antitrust

claims that it conspired with other meatpackers to keep meat

prices artificially high.

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