.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."
Michael Sonnenshein, managing director of Grayscale, told Cheddar that recent developments in the U.S.-China trade war are proving to be evidence that Bitcoin has emerged as a safe-haven asset.
The company has announced that it is donating 5,000 units of the generic version of Plan B for women in need as part of a collaboration with the nonprofit Power to Decide.
2020 Democratic presidential hopefuls are bringing the gun debate to 165th annual Iowa State Fair.
These are the headlines you Need 2 Know for Friday, Aug. 9, 2019.
The Golden State's so-called "resistance" strategy, Alex Padilla said, is rooted in a three-pronged approach: legislation, legal challenges, and civil society organization.
President Trump traveled to El Paso, Texas and Dayton, Ohio on Wednesday, two cities grieving after separate mass shootings killed at least 31 people over the weekend. The president, however, was greeted with large protests in both cities as residents and lawmakers expressed their anger over Trump’s divisive leadership and refusal to support stricter gun control measures.
The rule would be the latest move by the White House against Huawei. The Chinese tech giant was deemed to be a threat to U.S. national security in May and has since been a central component of the ongoing trade dispute between the U.S. and China.
China has historically been one of U.S. farmers' largest buyers, making the sector a prime target for Beijing's retaliatory tariffs.
On this episode of 'Your Cheddar': how one entrepreneur leverages technology to build her brand and monetize her expertise, and the CEO and co-founder of Pillar joins the show to discuss how his platform helps others manage their student loan debt. Cheddar also hits the streets to ask New Yorkers how they would decide between easy money and spending quality time with their favorite celebrities.
President Trump is scheduled on Wednesday to visit El Paso, Texas and Dayton, Ohio, two cities still grieving after separate mass shootings killed at least 31 people over the weekend. The president’s visits, however, have created an atmosphere of angst and unease.
