.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."
Education Sec. Betsy Devos's idea to use federal money to arm teachers is "insane," said Randy Weingarten, president of the American Federation of Teachers. "I cannot believe I'm actually talking about this," she said.
These are the headlines you Need 2 Know.
Rep.Carolyn Maloney (D-NY) released a report titled "Earn Less, Pay More," that highlights the cost discrepancies between women's and men's products. She spoke to Cheddar about her findings on Women's Equality Day.
Does Donald Trump know how search engines work? Not according to Mashable's Michael Nuñez, who said the president's remarks about Google suppressing content fail to take into account that it's an algorithm, not a person, that does the ranking.
The red-hot cannabis market is not sustainable as is, according to industry analyst Matt Karnes. But that doesn't mean it isn't a great long-term story.
Canadian Foreign Minister Chrystia Freeland is headed to Washington to continue trade negotiations with the U.S. On Monday, Mexico and the United States agreed to terms for a new trade deal.
Electronic Arts is canceling three qualifier events for its 'Madden NFL 19' tournament in the wake of Sunday's deadly shooting in Jacksonville, Florida. The company says it will conduct a review of safety measures to ensure the security of competitors and spectators.
And Kathy Ireland, Chairman Emeritus and Chief Brand Strategist at Level Brands, joins Cheddar after ringing the Opening Bell Tuesday morning. She talks about what has driven the recent success of Level Brands, a brand management and licensing company.
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White House economic advisor Larry Kudlow told Cheddar that the trade framework with Mexico announced Monday could be used "as an example" to get Canada to rejoin negotiations.
Markets are finally starting to understand President Trump's negotiating strategy, said John Petrides, managing director of Point View Wealth Management. A trade deal with Mexico sent stocks soaring to record highs Monday.
The controversial conservative pundit and author of "Resistance Is Futile" told Cheddar that the midterms will decide whether Trump is impeached. Regardless, the famous provocateur isn't ready to give her endorsement for 2020 just yet.
