President Trump raised questions on Sunday about why there is such a large demand for masks in hospitals and again charged there is some “hoarding” of ventilators, without providing any evidence or examples.
Exclusive: US Justice Department probes stock transactions by lawmakers after coronavirus briefingsThe United States Justice Department has started to probe a series of stock transactions made by lawmakers ahead of the sharp market downturn that stemmed from the spread of coronavirus, according to two people familiar with the matter.
Under insider trading laws, prosecutors would need to prove the lawmakers traded based on material non-public information they received in violation of a duty to keep it confidential.There's no indication that any of the sales, including Burr's, broke any laws or ran afoul of Senate rules. But the sales have come under fire after senators received closed-door briefings about the virus over the past several weeks -- before the market began trending downward.
Burr's sales represent a sizable share of his portfolio of stocks, according to his latest Senate financial disclosure documents filed in May 2019, although exact numbers aren't possible because lawmakers only report trades as a range of dollar values.
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