.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."
President Trump reportedly ordered the firing of Robert Mueller over the summer but reversed course after the White House special counsel threatened to resign. That's according to a recent report in the New York Times. Fordham University Law Professor Jed Shugerman explains the potential legal ramifications of these revelations.
President Trump is driving home his "America First" message at the World Economic Forum in Davos. During a speech today he said that he would take on predatory trade practices, but that America first "doesn't mean America alone."
U.S. computer giant Dell is reportedly considering a major shake-up, which could include an acquisition or an IPO. Bill Ackman's Pershing Square Capital is betting big on Nike. President Trump delivers a speech in Davos, but will it be overshadowed by reports that Trump wanted to fire special counsel Robert Mueller last summer? Plus, celebrity divorce lawyer Laura Wasser talks about her new app "It's Over Easy," which aims to make divorce quicker and easier.
Michael Harriot, columnist at The Root. and Alayna Treene, reporter at Axios, discuss President Trump's speech at the World Economic Forum in Davos and what it means for the future of the U.S. economy.
Harvard Business Review recently launched a brand new podcast. The six-episode "Women at Work" podcast explores women's place in the workplace. Grammy Awards are returning to New York City. Starbucks and Intel announce earnings. Actor Jake Johnson is teaming up with Natural Light for a new Super Bowl campaign. President Trump wraps the first day of a summit with world leaders in Davos. Reports reveal CBS and Viacom are talking about a merger. Robbinhood will let you buy and sell crypto without any transaction fees.
VF Hive: We’re joined by the crew at Vanity Fair's Hive to discuss Trump's deteriorating relationship with John Kelly. On Between Bells: USA Gymnastics scandal, Trump in Davos, and Grammy preview. With Billboard, Axios, and more.
In this week's VF Hive's "Hive Five" Kristen Scholer and Jon Kelly discuss tension in the White House between President Trump and his Chief of Staff John Kelly. Plus, how Amazon CEO Jeff Bezos is handling the search for Amazon HQ2.
President Trump is in Switzerland today meeting some of the world's biggest leaders at the World Economic Forum. He is bringing a large contingent of American officials, but one who didn't end up making the trip is White House Chief of Staff John Kelly. The White House says Kelly stayed behind to help work on immigration reform.
Wall Street Journal reporter Jason Douglas told Cheddar that the leaders of both countries made a big show of displaying a good rapport at Davos. He says keeping up diplomatic relations can satisfy the agenda of both countries.
Snapchat's VP of Product Tom Conrad is leaving the social media company after two years. Kroger and Alibaba are reportedly discussing a potential partnership. Jason Douglas, reporter for the Wall Street Journal, explains what to make of Donald Trump and Theresa May's press conference at the World Econonic Forum in Davos. Kayak's VP of Marketing David Solomito tells us the top travel trends of 2018.
