.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."
These are the headlines you Need 2 Know for Tuesday, December 10, 2019.
House Democrats handed the president one of his biggest legislative victories, the United States-Mexico-Canada Agreement (USMCA) to replace NAFTA, even as they announce articles of impeachment against him.
Stocks in the U.S. opened higher Tuesday, reversing pre-market losses after a report in the Wall Street Journal signified that American and Chinese negotiators were preparing to delay the next round of tariffs, scheduled to go into effect Sunday. The Journal cited sources close to the matter on both sides of the table.
House Democrats announced two articles of impeachment against President Donald Trump Tuesday morning: abuse of power and obstruction of Congress.
The lawyers for both parties on the Intelligence Committee where the initial public hearings were held last month, had the opportunity to present findings from their respective investigations.
The company confirmed late Friday that it will move 1,500 employees into 350,000 square feet of space in a new building in the Hudson Yards development on the far west side of Manhattan.
These are the headlines you Need 2 Know for Monday, December 9, 2019.
Rep. Debbie Mucarsel-Powell said the House Judiciary Committee could be drafting the articles as early as next week, but while abuse of power is sure to be included, she is unsure if other articles, like obstruction of justice and obstruction of Congress, will be drafted.
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.
Chris Walsh, founding editor and vice president, will take over at the start of 2020. Cheddar caught up with Walsh in advance of his new appointment to hear his thoughts on MJBizCon, vaping, cannabis politics, and the future of the industry.
