The stock prices of many publicly traded health care companies soared in the aftermath of Trumpcare's death, while the rest of the market lagged behind. Hospitals and Medicaid-based health insurers fared the best, since the GOP plan would have increased the number of uninsured people and scaled back the Medicaid expansion.

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Data: Money.net; Chart: Andrew Witherspoon / Axios

The biggest winners: Hospital companies Community Health Systems, HCA and Tenet Healthcare all gained at least 6% since last Friday's market open. Centene and Molina Healthcare, two of the largest Medicaid insurers in the country, each jumped 7% since last Friday.

Meh for the rest: Investors sold off or didn't touch the stocks of pharmaceutical companies, medical device makers and the big health insurers. Humana's stock price tumbled 3%. Corporate tax reform would greatly benefit those health care sectors, especially insurers, since all of their profits are earned in the United States. But that looks increasingly unlikely now that health care reform has failed.

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8 hours ago - World

China-Iran deal envisions massive investments from Beijing

Illustration: Aïda Amer/Axios

China and Iran have negotiated a deal that would see massive investments flow into Iran, oil flow out, and collaboration increase on defense and intelligence.

Why it matters: If the proposals become reality, Chinese cash, telecom infrastructure, railways and ports could offer new life to Iran’s sanctions-choked economy — or, critics fear, leave it inescapably beholden to Beijing.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 13,048,249 — Total deaths: 571,685 — Total recoveries — 7,215,865Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 3,353,348— Total deaths: 135,524 — Total recoveries: 1,031,856 — Total tested: 40,282,176Map.
  3. World: WHO head: There will be no return to the "old normal" for foreseeable future — Hong Kong Disneyland closing due to surge.
  4. States: Houston mayor calls for two-week shutdownCalifornia orders sweeping rollback of open businesses — Cuomo says New York will use formula to determine if reopening schools is safe.
  5. Education: Los Angeles schools' move to online learning could be a nationwide tipping point.

House Judiciary Committee releases transcript of Geoffrey Berman testimony

Geoffrey Berman. Photo: Alex Wong/Getty Images

The House Judiciary Committee on Monday released the transcript of its closed-door interview with Geoffrey Berman, the former top federal prosecutor in Manhattan who was forced out by Attorney General Bill Barr last month.

Why it matters: House Democrats have seized on Berman's testimony, in which he claimed the attorney general sought to "entice" him into resigning so that he could be replaced by SEC chairman Jay Clayton, to bolster allegations that the Justice Department has been politicized under Barr.