.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."
As a candidate for the White House, Donald Trump repeatedly promised that he would “immediately” replace President Barack Obama’s health care law with a plan of his own that would provide “insurance for everybody.” Nearly three years after taking office, Americans still are waiting for Trump’s big health insurance reveal.
A look at the events that are sure to make the market move next week — the final week of 2019!
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.
Anyone under 21 can no longer legally buy cigarettes, cigars or any other tobacco products in the U.S.
These are the headlines you Need 2 Know for Thursday, December 26, 2019.
These are the headlines you Need 2 Know for Tuesday, December 24, 2019.
A look back on the hits and misses from last year's crystal ball on business, tech, politics, and culture.
Over the course of months of investigation into the illness, local authorities in partnership with CDC have narrowed in on a cause for the vaping illness that has sickened 2,506 and killed 54: thickening agent vitamin E acetate.
These are the headlines you Need 2 Know for Monday, December 23, 2019.
A look back on the decade.
