.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."
The late Supreme Court Justice Ruth Bader Ginsburg lay in state at the U.S. Capitol on Friday, the first woman in American history so honored at the domed building.
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.
Dr. Paul Stoffels, chief scientific officer at Johnson & Johnson, joined Cheddar to discuss phase three COVID-19 vaccine trials. More than 60,000 people worldwide have volunteered to be part of the study.
A closer look at some key areas where Ginsburg was most influential reveals a jurist who defied easy ideological categories, especially when it came to business.
The pandemic is now striking cities with much smaller populations, often in conservative corners of America where anti-mask sentiment runs high.
Ohio Rep. Bob Latta joined Cheddar to discuss new safety legislation he's introduced for autonomous vehicles. The Self-Drive Act will create a national standard for operation of self-driving cars.
Democrats are going back to the drawing board on a huge virus relief bill. House Democrats say they are paring back their proposal in an attempt to jump-start negotiations with the Trump administration.
Dr. Jo Jorgensen, the 2020 Libertarian candidate for President, joined Cheddar to discuss her role in this year's election and whether third party candidates dictate the outcome. Jorgensen also provides her position on mask wearing when it comes to mitigating the spread of COVID-19.
As undocumented immigrants navigate life in America, we're hearing a firsthand account of what it's like seeking higher education while being undocumented. Sarahi Espinoza Salamanca, founder and CEO of DREAMers Roadmap, joined Cheddar to discuss how to app helps other undocumented immigrants find funds to pay for school.
California plans to ban the sale of new gasoline-powered passenger cars and trucks in 15 years.
