.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 former Republican Congressman from South Carolina so far hasn't pressed his former Capitol Hill colleagues to call for articles of impeachment. Rather, Sanford brought up the idea of "censure" instead.
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.
These are the headlines you Need 2 Know for Friday, October 11, 2019.
Apple this week removed a smartphone app called HKmap.live that was used by pro-democracy demonstrators in Hong Kong to track police movements, and Google dropped a smartphone game that lets users role-play as protesters in the city.
These are the headlines you Need 2 Know for October 10, 2019.
Rep. Clarke of New York echoed the words of House Intelligence Committee chair, Adam Schiff, claiming that the move to prevent Ambassador to the EU, Gordon Sondland, from speaking to Congress, is indicative of a crime by itself.
These are the headlines you Need 2 Know for Tuesday, October 8th, 2019.
Daryl Morey, the Houston Rockets' general manager, tweeted in solidarity with protesters in Hong Kong, which was met with an immediate backlash in China
Leo Simonovich, global head of industrial cyber and digital security for Siemens Gas and Power, spoke with Cheddar about the evolving threat to utilities and other industrial sites.
These are the headlines you Need 2 Know for Monday, October 7th, 2019.
