(Bloomberg) -- Brazil’s state development bank is weighing options to unload $4 billion in JBS SA stock rather than just selling the stake through a public offering as shares in Brazilian meatpacker soar, according to people familiar with the matter.Most Read from BloombergWall Street Titans Warn of the Next Big Risks for InvestorsReshaped by Crisis, an ‘Anti-Biennial’ Reimagines ChicagoAn Unapologetic Old Boys’ Network Is Costing Australia BillionsThis Is What Europe’s Green Future Looks LikeGh
JBS USA on Monday halted production at a Nebraska beef plant that slaughters about 5% of U.S. cattle due to a fire, but said the company expects to resume operations on Tuesday. The country has suffered a series of beef supply shocks over the past two years as large plants closed due to the COVID-19 pandemic, a cyberattack that crippled JBS's operations, and another fire that shut a Tyson Foods Inc plant in Kansas for months. The JBS fire in Grand Island, Nebraska, did not impact the plant's "primary production areas," spokesperson Nikki Richardson said.
Meatpacker JBS SA said on Thursday it will give away beef, pork and chicken for the next year to 50 U.S. families that participate in company-sponsored vaccination clinics over the coming weeks. The Brazilian company's arm in the United States and Pilgrim's Pride, a U.S. chicken company mostly owned by JBS, came under fire last year as thousands of meatpacking workers fell sick with COVID-19. "We've made great progress, and our vaccination rates are much higher than the rates in the communities that we call home," said Andre Nogueira, JBS USA chief executive.