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US stocks flirted with sharp losses but managed a mixed finish after Republicans canceled a vote on their health care bill because it became clear the bill would fail. Hospital stocks soared in response, while companies that stand to benefit from other Trump proposals faltered.
Abandoning negotiations, President Donald Trump on Thursday demanded a make-or-break vote on health care legislation in the House, threatening to leave "Obamacare" in place and move on to other issues if Friday's vote fails.
After seven years of fervent promises to repeal and replace "Obamacare," President Donald Trump and GOP congressional leaders buckled at a moment of truth Thursday, putting off a planned showdown vote in a stinging setback for the young administration.
President Donald Trump agreed to add fresh Medicaid curbs to the House Republican health care bill Friday, bolstering the measure with support from some conservative lawmakers but leaving its prospects wobbly. House leaders discussed other amendments calibrated to round up votes and scheduled a showdown vote Thursday.
