.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 European Union fines Qualcomm for allegedly violating antitrust laws. Starbucks and Disney announce pay raises and better employee benefits thanks to savings from the new tax reform bill. We talk to the directors behind the newest Netflix series, "Dirty Money," premiering this Friday, January 26th. And Brett Holts, VP of Nike Running Footwear, introduces Nike's newest sneaker, the Epic React Flyknit.
Ben Wikler, Washington Director at MoveOn.org, discusses the backlash Senate Minority Leader Chuck Schumer (D-NY) is facing in the wake of his decision to vote for government funding without a fix on DACA.
Alicia Menendez, contributing editor at Bustle, says that people often address DACA recipients as "others," but friends live in fear for their undocumented loved ones' safety.
Your Cheddar hosts Kristen Scholer and Tim Stenovec discuss the top news of the day. A recent study is blowing the conception that millennials are bad at saving out of the water. Plus, the Federal Reserve has a new chairman....but they're coming in at a time where the U.S. dollar is at its lowest. All these and more on today's episode of Your Cheddar.
Anthony Noto is leaving his post as COO of Twitter to become the CEO of financial technology company, SoFi. Attorney General Jeff Sessions and Former FBI Director James Comey reportedly questioned as part of the Russia inquiry by the special counsel. Fast Company Writer and Producer John Converse Townsend got microchipped back in October 2017. This week Vermont became the ninth state to legalize recreational marijuana. It's also the first state to enact this through legislation.
Alternative search engine DuckDuckGo has been around for 10 years and champions internet privacy and security. The secure search engine does not track users IP addresses nor their search history. Now, DuckDuckGo is out with a new product to keep consumers safe when they travel onto sites outside of the search engine.
Cheddar's weekly series "CannaBiz" focuses on the business of marijuana, and market opportunity in this space. Cheddar Anchor's Brad Smith and Baker Machado dive into the latest trends in this space.
This week Vermont became the ninth state to legalize recreational marijuana. It's also the first state to enact this through legislation. Marijuana Policy Project's Director of Communication Morgan Fox explains the state of regulation, and how his organization is pushing for greater legalization.
Attorney General Jeff Sessions questioned as part of the Russia inquiry by the Special Counsel, according to The New York Times. Axios Reporter Alayna Treene explains the implications of this interview from a member of President Trump's cabinet.
The government is back up and running after Congress passed a short-term budget deal. The deal funds the government until February 8th, but is the showdown really over, or has it just been delayed?
