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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Photo: Zach Gibson/Getty Images.

Senate Intelligence Chairman Richard Burr (R-N.C.) dumped between $582,029 and $1.56 million of his stocks on Feb. 13, days after writing a Fox News op-ed that said the U.S. is "better prepared than ever before" to face public health threats like the coronavirus, according to ProPublica.

Why it matters: Reuters reported on Feb. 27 that as chairman of the secretive committee, Burr had been receiving daily updates from the intelligence community about the outbreak.

  • NPR reported earlier Thursday that Burr struck a much darker tone on Feb. 27, telling a private luncheon of constituents that the coronavirus is "much more aggressive in its transmission than anything that we have seen in recent history."
  • "It is probably more akin to the 1918 pandemic," he added.
  • The stock market has dropped about 30% since Burr's sales.

Between the lines: Burr's sell-offs — which were executed between his op-ed and later warnings — included stocks in several companies that were set to be hit particularly hard by the coronavirus, according to ProPublica.

  • Up to $150,000 of his sold stocks were shares of Wyndham Hotels and Resorts. Up to $100,000 were shares of the hospitality chain Extended Stay America.
  • Tourism has been one of the hardest hit industries as travel has come to a virtual standstill as a result of the pandemic.

Worth noting: In 2012, Burr was one of only three senators to oppose a bill that would explicitly bar members of Congress and their staff from using non-public information for personal benefit, including stock-trading.

What they're saying:

“Senator Burr filed a financial disclosure form for personal transactions made several weeks before the U.S. and financial markets showed signs of volatility due to the growing coronavirus outbreak. As the situation continues to evolve daily, he has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy.”
— A spokesperson told ProPublica

Burr's office did not immediately respond to a request for comment from Axios.

Go deeper

The manufacturing boom's bottleneck

llustration: Rebecca Zisser/Axios

The manufacturing sector has bounced back from its pandemic knockout. But as the economy reopens, factories can't keep up with orders.

Why it matters: The materials manufacturers need are hard to find and prices for them are soaring.

2 hours ago - Technology

Twitter to label COVID-19 vaccine misinformation, implement strike policy

Photo: Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images

Twitter announced Monday that it will label tweets with potentially misleading information about COVID-19 vaccines, and introduce a strike system that can lead to permanent account suspension.

The big picture: Tech companies are taking an increasingly aggressive stance against users who attempt to share misleading information about COVID-19 vaccines on their platforms.

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: Trump, Melania received COVID vaccine at White House in January — CDC director warns "now is not the time" to lift COVID restrictions.
  2. Vaccine: J&J CEO "absolutely" confident in vaccine distribution goals Most states aren't prioritizing prisons for COVID vaccines — Vaccine hesitancy is shrinking.
  3. Economy: Apple says all U.S. stores open for the first time since start of pandemic — What's really going on with the labor market.
  4. Sports: Poll weighs impact of athlete vaccination.
  5. World: Italy tightens restrictions as experts warn of growing prevalence of variants — PA announces new COVID restrictions as cases surge.
  6. Local: Colorado sets timeline for return to normalcy.