.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 big question that surrounds the Colorado Democrat as he nears the end of his final term is "will he or won't he?" But he tells Cheddar he just wants to stay focused on his current job and "finish strong."
The rapper's recent swing to the right has left many speculating about whether he's got the White House in his sights. "I could see him trying," said Brande Victorian, the managing editor of MadameNoire.
The former Microsoft CEO says that regulating how tech companies use data will provide a framework in which to work and actually enable growth. "When you're in a time of uncertainty, and you don't know what the rules are, that's when it's toughest to innovate," Ballmer tells Cheddar's Jon Steinberg.
The two companies tout their deal as necessary for innovation and claim that it doesn't decrease competition in the field. Those arguments will be difficult to prove, says Eleanor Fox, an antitrust expert at NYU Law School. The third and fourth largest mobile networks in the U.S. announced a $26.5 billion merger Sunday that they claim will help develop a 5G network and create jobs. The deal still needs approval from regulators, who have expressed antitrust concerns in the past.
Rather than exiting the political fray, the former Secretary of State is campaigning for Democrats in this year's midterm elections and reaching out to women's groups. "I think she's earned the right to do whatever the hell she wants," says Amy Chozick, a writer-at-large for The New York Times and author of "Chasing Hillary."
New Jersey could become home to more innovation with hands-on support from lawmakers, says Aaron Price, founder and CEO of Propelify, an innovation festival in Hoboken, NJ.
The White House Correspondents' Association responded to the annual event saying, "the entertainer's monologue was not in the spirit" of the group's mission. However, it's actually the journalists insulted by her jokes who are "not doing their jobs," says Emma Vigeland, a host and producer of the TYT Politics Show on The Young Turks.
The agreed merger of T-Mobile and Sprint aligns with President Trump's policy priorities, the T-Mobile CEO John Legere says in an interview with Cheddar's Hope King. He says the president's tax policies have "added a great amount of value in this deal," and the merged company can help create a fast 5G network vital to the country's digital infrastructure, another priority for Trump.
The congressman said that, though the historic summit between the two Koreas was a positive, the U.S. should take North Korea's denuclearization promises with a grain of salt. "As President Reagan used to say, trust, but we need to verify," he told Cheddar.
The comedian, who plays a right-wing commentator on his Comedy Central show "The Opposition," has high hopes for this year's "Nerd Prom" thanks to host Michelle Wolf. "I'm just excited to sit back and watch her kill it," Klepper told Cheddar. The White House Correspondent's Dinner takes place on Saturday, and President Trump has decided to skip the event for the second year in a row.
