Edgybees

DJI is already selling a ton of drones. Now it wants to make sure customers have enough to do once they have plunked down cash for one of the quadcopters.

The Chinese drone giant worked with Israeli augmented reality startup Edgybees on "Drone Prix" which lets flyers hone their skills, navigate an obstacle course and compete with pilots around the world. The game runs on iOS and Android devices using DJI's Phantom 3, Phantom 4 or Mavic Pro drones.

Why it matters: Outside of taking aerial footage and racing against other drones, it's still not clear what the flying craft are good for. It's a big problem considering how many of these things are being sold and just how few things there are to do with them.

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Uber to buy Postmates in $2.65 billion deal

Illustration: Sarah Grillo/Axios

Uber has agreed to acquire food delivery company Postmates for $2.65 billion in an all-stock deal, the companies announced Monday.

Why it matters: This is the latest merger for the food delivery space as the sector undergoes an ongoing market consolidation.

Analysts expect soaring stock market despite slashed earnings forecasts

Data: FactSet; Chart: Axios Visuals

Despite cutting expectations for companies' earnings by the most in history and revenue by the most since 2009, Wall Street analysts are getting increasingly bullish on the overall direction of the U.S. stock market.

What's happening: Equity analysts are expecting earnings in the second quarter to fall by 43.8% — the most since 2008's fourth quarter 69.1% decline.

Case growth outpacing testing in coronavirus hotspots

Data: The COVID Tracking Project. Note: Vermont and Hawaii were not included because they have fewer than 20 cases per day. Chart: Andrew Witherspoon/Axios

The United States' alarming rise in coronavirus cases isn't due to increased testing — particularly not where cases have grown fastest over the last month.

Why it matters: The U.S. doesn't yet know what it looks like when a pandemic rages on relatively unchecked after the health system has become overwhelmed. It may be about to find out.