A bipartisan group of U.S. Senators has expressed deep concerns about the New York Stock Exchange IPO (Initial Public Offering) plans for Brazilian meat-packing giant JBS S.A. JBS is one of the four largest meat packers in the United States.
In a letter to U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, the group, led by U.S. Senator Cory Booker (D-NJ) says JBS poses risks to potential shareholders because of its track record of corruption, human rights abuses, monopolization of the meatpacking market, and environmental risks. The group is urging the SEC to protect the integrity of U.S.