.By Mary Clare Jalonick and Eric Tucker
Sen. Richard Burr, R-N.C., stepped aside as chairman of the Senate Intelligence Committee on Thursday after the FBI served a search warrant for his phone as part of an ongoing insider-trading investigation tied to the coronavirus pandemic.
Senate Majority Leader Mitch McConnell announced the move, saying he and Burr had agreed it was in the Senate's best interests.
FBI officials showed up at Burr's home with the warrant on Wednesday, marking a significant escalation into the Justice Department's investigation into whether Burr broke the law with a well-timed sale of stocks before the coronavirus caused markets to plummet,
The Justice Department declined to comment. His attorney did not respond to phone and email messages, but said last month that the law is clear that any senator can participate in stock market trading based on public information "as Sen. Burr did."
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
A U.S. health panel says it’s time to resume use of Johnson & Johnson’s COVID-19 vaccine, despite a very rare risk of blood clots.
A growing coalition of private companies, nonprofits, and the federal government are pushing for a more unified approach towards COVID vaccination credentialing.
Republican Caitlyn Jenner says she will run for governor of California. Jenner says in statement posted Friday on Twitter that she has filed initial paperwork to run.
World leaders have joined President Joe Biden at a virtual climate summit to share their stories about how nations can break free of climate-damaging fossil fuels.
Phillippe and Ashlan Cousteau, co-authors of "Oceans for Dummies," joined Cheddar to discuss the outsized impact the Earth's seas have on the climate crisis.
A decades long-movement to reshape the American political map has taken an important further step.
NYC legalized recreational adult use marijuana but before the industry settles in, we're taking on to an underground NYC dinner party where the food is infused with cannabis. Cheddar's Chloe Aiello reports.
The leaders of Russia and China have put aside their raw-worded disputes with U.S. President Joe Biden long enough to pledge international cooperation on cutting climate-wrecking coal and petroleum emissions.
President Joe Biden is preparing to formally acknowledge that the systematic killing and deportation of hundreds of thousands of Armenians by the Ottoman Empire in modern-day Turkey more than a century ago was genocide.
