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Pilgrim's Pride Forms Special Committee to Evaluate JBS Acquisition Proposal

The board of directors of Pilgrim's Pride (PPC) has formed a special committee of independent and disinterested directors to review and evaluate the previously announced unsolicited proposal received on August 18 from JBS (JBS) to acquire all of the outstanding shares of common stock of PPC that JBS does not currently own.

Trump and China Reach $30 Billion Tariff Agreement

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.TARIFFS:In a statement issued by the White House on September 25, the administration stated: "This week, President Donald J. Trump and First Lady Melania Trump hosted President Xi Jinping and Madame Peng Liyuan of the People's Republic of China for a reciprocal State Visit... Under the Board of Trade, the two countries reached consensus on recommendations for more favorable tariff treatment for $30 billion of non-sensitive goods in each direction. The Board of Trade also launched a working group focused on addressing market access barriers in the agricultural sector. For U.S. exports, the goods include agricultural goods, fish and seafood, logs and wood products, cosmetics and medical devices. For U.S. imports, the goods include consumer products such as small appliances, toys, holiday decorations, and children's car seats. Following President Trump's revival of the U.S. coal industry, China will import at least 10 million metric tons of coal from the United States in 2027 and again 2028.The two countries established the Board of Investment. The mission of the Board of Investment is to discuss potential investment opportunities and investment-related impediments and to provide a structured channel for the two sides to address commercially meaningful investment-related issues. The United States and China continue to work on U.S. concerns regarding supply chain shortages related to rare earths and other critical minerals, with the goal of ensuring shipment levels return to appropriate levels." Publicly traded meat producers include Hormel Foods, JBS, Pilgrim's Prideand Tyson Foods.MEETING WITH ANTHROPIC:U.S. President Donald Trump confirmed plans to meet with Anthropic CEO Dario Amodei, but reaffirmed his stance against slowing AI development, Idrees Ali and Trevor Hunnicutt of Reuters.PLANNED TRIP:CNNhas been pulled from a planned trip with President Trump, Melissa Korn of The Wall Street Journal. CNN had been scheduled to travel with Trump on the Air Force One to Tennessee, but a scheduling email from the White House did not list a primary TV pool representative.ACCESS WEBSITES:OpenAI agents accessed websites belonging to the Commerce Department and the Securities and Exchange Commission during tests conducted by the company that went awry, Robert McMillan of The Wall Street Journal. The activity, described by OpenAI as "misaligned," appears to have been aggressive web browsing.