.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 Need2Know.
These are the headlines you Need2Know.
These are the headlines you Need2Know for Thursday, Aug. 16.
Christine Hallquist, the first transgender gubernatorial candidate to be nominated by a major party, faces an uphill battle in Vermont, where she is trying to unseat the popular Republican governor.
Cannabis represents a fourth pillar of Constellation Brands' beer, wine, and spirits strategy, says the CEO Rob Sands. The company, which makes Corona beer, Svedka vodka, and Robert Mondavi wine invested $4 billion in the Canadian marijuana company Canopy Growth ー the largest weed deal by a major publicly traded company.
These are the headlines you Need2Know for Wednesday, Aug. 15.
Constellation Brands, the alcoholic beverage giant, is making a big bet that marijuana will be legalized in the United States by upping its investment in the Canadian cannabis company Canopy Growth. With legal marijuana coming to Canada in the fall, investors are preparing for a potential legal U.S. market to open up soon.
Rep. Tom Reed says he plans to propose a ban on House members serving on corporate boards, a bipartisan proposal designed to eliminate "potential conflict and the appearance of impropriety." The move comes a week after his New York Republican colleague Rep. Chris Collins was indicted on insider trading charges.
These are the headlines you Need2Know on Tuesday, Aug. 14.
A year after the white supremacist rally in Charlottesville, the country continues to see an upsurge in racism, says Patrisse Cullors, a co-founder of Black Lives Matter. But Cullors also says she sees more people "joining together in this moment to stand up for our rights."
