RPT-UPDATE 1-With healthcare bill dead, U.S. Republicans turn to taxes

WASHINGTON, March 24 After failing to repeal Obamacare, Republicans in the U.S. Congress quickly pivoted on Friday to President Donald Trump's next priority: overhauling the federal tax code, but their plan has already split the business community.

10:25pm IST

BRIEF-ISU Abxis appoints Lee Seok Ju as CEO

* Says it appointed Lee Seok Ju as CEO of the company to replace Kim Muk, effective March 24

7:15pm IST

BRIEF-LabGenomics receives patent

* Says it received patent on March 24, for inspection method and system for chromosome abnormality

6:29pm IST

RPT-US Speaker Ryan dented by healthcare debacle, but keeps support

WASHINGTON, March 25 U.S. House Speaker Paul Ryan on Friday acknowledged the unthinkable for a Republican leader: he could not deliver the votes to repeal and replace Obamacare, even though he and his fellow Republicans had vowed to do so for seven years.

4:30pm IST

EU recommends suspending hundreds of drugs tested by Indian firm

LONDON, March 25 Europe's medicines regulator has recommended the suspension of more than 300 generic drug approvals and drug applications due to "unreliable" tests conducted by Indian contract research firm Micro Therapeutic Research Labs.

2:53pm IST

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India's market regulator accuses Reliance of wrongful share trading

MUMBAI India's market regulator accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".