.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."
Kay Sears, VP and GM of Military Space for Lockheed Martin described the final frontier as a "warfighting realm," to Cheddar at Satellite 2020.
President Donald Trump is asserting that he is the ultimate decision-maker on how and when to relax the social distancing guidelines put in place to fight the new coronavirus.
Fintech companies have long touted their ability to bank the unbanked, but the coronavirus pandemic is giving them a chance to put their money where their mouths are.
Vermont Senator Bernie Sanders endorses former Democratic rival Joe Biden for president.
Transit unions are calling for greater protections for their employees, as coronavirus has taken a heavy toll on bus drivers and train operators working on the frontlines.
Rep. John Garamendi (D-Calif. - 3rd District) believes the former captain of the Nimitz-class nuclear aircraft carrier, USS Theodore Roosevelt, deserves to be reinstated after being removed for going around the chain of command to ask for help for his virus-plagued vessel.
The Supreme Court said Monday it will hold arguments by teleconference in May in key cases, including President Donald Trump's bid to shield his tax and other financial records.
The sailor was found unresponsive on April 9 and moved to ICU at a hospital. He died Monday. The Roosevelt has been in a coronavirus crisis that prompted the acting Navy secretary to fire the ship's captain on April 2.
White House officials are pointing to hopeful signs that the spread of the coronavirus could be slowing. President Donald Trump insisted he would not move to reopen the country until it is safe.
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.
