Jacobs Engineering suspends all political contributions, citing violence at U.S. Capitol

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Jacobs Engineering Group Inc. said Wednesday that it has suspended all political contributions, in the wake of the violence that took place at the U.S. Capitol last week. “The peaceful and respectful transition of power is fundamental to our democracy,” said Steve Demetriou, chief executive of the provider of technical, professional and construction services and S&P 500 component. “The disturbing events at the U.S. Capitol put our elected leaders at risk and undermined the fundamental democratic principles of free speech, peaceful protest, and open and free elections.” Jacobs’s stock, which was still inactive in premarket trading, has climbed 14.4% over the past three months while the S&P 500 has gained 8.2%.
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