* President Donald Trump is eyeing tax reform next after the withdrawal of the legislation to repeal and replace the Affordable Care Act due to a lack of supporting votes.
* Goldman Sachs Group is allegedly in talks for an equities license in Saudi Arabia, sources told Bloomberg News.
* In asset management news, Old Mutual agreed to sell its 24.95% stake in OM Asset Management to HNA Capital for $446 million in cash.
* In fintech news, a team of former executives from credit card issuers formed Fair Square Financial Holdings, a card company backed by equity financing from investment firm Pine Brook. The newly formed company is led by Rob Habgood, who formerly co-led Bank of America's credit card business. The board includes ex-Citigroup CEO Vikram Pandit, and ex-E*TRADE Financial CEO Steven Freiberg.
* Credit card issuer Barclaycard sold $1.6 billion of credit card balances to Credit Shop, which is planning to roll out its own credit card later this year, sources told The Wall Street Journal.
* MoneyGram International entered into an acceptable confidentiality agreement with Euronet Worldwide to further consider the latter's unsolicited proposal to acquire all of MoneyGram's common and preferred stocks for $15.20 per share.
* Financial Media Exchange, a content library built exclusively for the financial services industry, entered into a definitive agreement to acquire the assets of AdviceIQ from AIQ.
* On insurance, Citizens Property Insurance sank to its first annual net loss since 2005 on litigated non-weather-related water loss claims.
* And in North Dakota, Capital Credit Union and Town & Country Credit Union agreed to pursue a possible merger.
The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.