Colorado-based Pilgrim's Pride has agreed to acquire British poultry producer Moy Park from Brazil's JBS SA (which also is Pilgrim Pride's majority shareholder) for around $1.3 billion.

Why it's a big deal: Not too long ago, JBS was known in M&A circles as an active acquirer. But it seems those purchases were partially enabled by a massive graft scheme that ultimately ensnared both members of the family that controls JBS and Brazilian politicians. Now JBS is shedding assets to pay related penalties, having previously agreed to sell dairy Vigot Alimentos to Mexico's Grupo Lala. The big question now is if this Moy Park sale is just a precursor to JBS selling off a more robust Pilgrim's Pride (in which Cargill had previously expressed interest in buying).

Bottom line from Reuters: "Moy Park supplies 25 percent of chicken consumed in western Europe, according to its website. It is one of Britain's top 10 food companies, with 13 processing and manufacturing units in Northern Ireland, England, France, the Netherlands and Ireland."

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A statue of Confederate States President Jefferson Davis lies on the street after protesters pulled it down in Richmond, Virginia, in June. Photo: Parker Michels-Boyce/AFP via Getty Images

59 Confederate symbols have been removed, relocated or renamed since anti-racism protests began over George Floyd's death, a new Southern Poverty Law Center (SPLC) report finds.

Why it matters: That's a marked increase on previous years, per the report, which points out just 16 Confederate monuments were affected in 2019.

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Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

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