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U.S. senators defend selling shares before coronavirus crash

U.S. senators defend selling shares before coronavirus crash

Saturday, March 21, 2020, 11:17 AM

Two Republican senators defended themselves on Friday against heavy-criticism, including calls that they resign, for selling substantial amounts of stocks before the coronavirus-induced market meltdown and after closed-door briefings on the outbreak. Senate Intelligence Committee Chairman Richard Burr sold up to $1.7-million worth of stock on Feb. 13 in 33 separate transactions after offering public assurances the government was ready to battle the virus.
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