.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."
Chicago-based cannabis company Cresco Labs unveiled a new dispensary and retail cannabis shop concept on Monday. Called Sunnyside, the concept emphasizes health and wellness and aims to create an accessible, immersive retail environment that pushes Cresco along on its mission of creating a nationally-recognizable cannabis brand.
The California Democrat said that supportis growing, pointing to five more members of his party who have come to support impeachment proceedings since Mueller's testimony.
Shares of CannTrust surged 15 percent on Friday after the Canadian cannabis company announced it terminated CEO Peter Aceto in the midst of regulatory drama that has plundered the company's stock value. Jefferies' analyst Ryan Tomkins predicted the management shuffle in a Wednesday note, which called management's positions "untenable."
These are the headlines you Need 2 Know for Friday, July 26, 2019.
Richard Painter, former chief White House ethics lawyer during the George W. Bush administration, says Democrats should still open an impeachment inquiry into the president despite the tepid response to Mueller's testimony.
Amid ongoing resistance from employees about Microsoft’s contracts with the U.S. military, CEO Satya Nadella issued a broad defense this week of the company’s work with the U.S government and said America’s democratic process serves as a key check on the deployment of new technology.
These are the headlines you Need 2 Know for Thursday, July 25, 2019.
These are the headlines you Need 2 Know for Wednesday, July 24, 2019.
With all eyes on Capitol Hill on Wednesday, former Special Counsel Robert Mueller began his much-anticipated testimony by largely repeating what he outlined in April in his report on Russian interference in the 2016 election, - but stating very clearly that in the investigation, “the president was not exculpated for the acts that he allegedly committed.”
Tuesday’s 97-2 vote in the Senate to extend permanent protections for 9/11 first responders came after many years of activists' visits to Capitol Hill. And minutes after the lopsided vote, responder John Feal made sure to alert lawmakers that his days of tirelessly knocking down their doors are thankfully coming to a close, saying, "We’ll put down our swords."
