The US Department of Justice is closing its investigation of stocks being sold prior to the coronavirus-induced market crash by senators Kelly Loeffler, R-Ga., James Inhofe, R-Okla., and Dianne Feinstein, D-Calif., after attending a closed-door pandemic briefings, sources say. However, the DOJ is reportedly continuing its probe into the trading activity of Sen. Richard Burr, R-N.C.

Sen. Richard Burr, R-N.C., will temporarily leave his post as chairman of the Senate Intelligence Committee, after the FBI seized his mobile phone while investigating stock trades he had made before the coronavirus pandemic triggered a market downturn. Burr has denied his trading was prompted by a private briefing on the coronavirus.

Sen. Richard Burr, R-N.C., is stepping down as chairman of the Senate Intelligence Committee as he faces an investigation over his stock sales before the coronavirus pandemic prompted a market downturn. The FBI has served a search warrant on Burr's attorney and seized a cellphone at the senator's home, according to a Justice Department official.

Despite saying Americans should not be overly concerned about the coronavirus, Sen. Richard Burr, R-N.C., chairman of the Senate Intelligence Committee, sold as much as $1.6 million in stocks in February, according to ProPublica. He appeared to reverse his position later, telling campaign contributors the coronavirus was a threat comparable to the 1918 Spanish flu, according to NPR.

Federal prosecutors are pursuing business records by issuing subpoenas to people who have worked with former national security adviser Michael Flynn on contracts in the past few years, people with knowledge of the matter told CNN. Meanwhile, Senate intelligence committee Chairman Richard Burr, R-N.C., said Tuesday he would consider subpoenas for people who fail to meet an initial deadline in a Russia-related investigation by his committee.