.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 government figures underscore the continuing damage to businesses and livelihoods from the outbreak that has now killed at least 100,000 people in the U.S.
President Donald Trump is threatening social media companies with new regulation or even closure after Twitter added fact checks to two of his tweets.
Only about half of Americans say they would get a COVID-19 vaccine if the scientists working furiously to create one succeed.
A U.S. appeals court has ruled against major oil companies in lawsuits brought by California cities and counties seeking damages for climate change.
While much of the U.S. remains shuttered, state and local leaders in waterfront communities are beginning to allow beaches, boardwalks, and coastal businesses to open on a limited basis.
Georgia Gov. Brian Kemp is lobbying for the Republican National Convention to be moved to his state, a day after President Donald Trump demanded assurances from North Carolina’s Democratic governor that the convention can go forward in August despite coronavirus fears.
The trading floor of the New York Stock Exchange is reopening for the first time in two months, but it doesn't look — or sound — the same.
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.
President Donald Trump says he has deemed churches and other houses of worship “essential” and is calling on governors to allow them to reopen this weekend despite the threat of the coronavirus.
Stocks are opening lower on Wall Street following a mixed showing in overseas markets.
