WASHINGTON—Sen. Richard Burr will temporarily step down as the chairman of the high-profile Senate Intelligence Committee after FBI agents seized his cellphone in their investigation of stock trades he made shortly before the coronavirus roiled markets. The seizure of Mr. Burr’s cellphone at his Washington-area home and a related search of his cloud-storage accounts represents a major escalation of the department’s illicit-trading probe. Law-enforcement officials are examining whether the North Carolina Republican sold stocks...

Source: Wall Street Journal May 14, 2020 16:03 UTC