EghtesadOnline: Health stocks surged late in the trading session Friday after Republicans pulled their bill to repeal and replace Obamacare, lacking the votes to pass it in the House.

EghtesadOnline: For the stock market, the drawn out attempt to pass a health-care bill may not matter after all.

EghtesadOnline: President Donald Trump and House Speaker Paul Ryan say they’re ready to put a tax overhaul at the top of their agendas.

EghtesadOnline: The Trump Trade just took a big hit. U.S. stocks fell the most since the week leading up to the U.S. election as President Donald Trump suffered a major setback when he was forced to pull his health-care bill from a vote amid dissent among congressional Republicans. Investors also turned to bonds as U.S. Treasuries rallied for the second week.

EghtesadOnline: In public, President Donald Trump is standing by House Speaker Paul Ryan over the failed Obamacare replacement bill.

EghtesadOnline: The dollar edged up against the yen on Friday, recovering from its worst run of daily losses versus the safe-haven currency since 2010, but gains were capped by worries that U.S. President Donald Trump was on course for defeat on a new healthcare bill.

EghtesadOnline: President Donald Trump suffered a stunning political setback on Friday in a Congress controlled by his own party when Republican leaders pulled legislation to overhaul the U.S. healthcare system, a major 2016 election campaign promise of the president and his allies.

EghtesadOnline: U.S. stocks rose from session lows to end little changed as investors assessed the fallout from a failed health-care vote that has raised questions on Trump administration’s ability to push its pro-growth agenda through Congress. Treasuries rose and the dollar slipped.

EghtesadOnline: All eyes in global financial markets were fixed on stuttering Republican efforts to pass a replacement for Obamacare on Friday, with failure likely to undermine faith in Donald Trump’s promise to deliver a "phenomenal" U.S. tax reform.