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DoorDash order pick-up sign at a restaurant. Photo: Smith Collection/Gado/Getty Images

DoorDash has agreed to acquire food delivery rival Caviar from Square for $410 million in cash and stock, the companies announced on Thursday.

Why it matters: It was only a matter of time before consolidation hit this ultra competitive industry. Plus, Square has been looking to sell Caviar at least as far back as 2015, a year after it purchased it.

Go deeper

Heat wave enveloping West will shatter records, spark wildfires

The sun sets behind power lines in Rosemead, California on June 14, 2021, amid an early season heatwave across much of California this week. Photo by Frederic J. Brown/AFP via Getty Images

A dangerous and widespread mid-June heat wave is bringing blowtorch-like heat, skyrocketing power demand, and “critical” wildfire danger to much of the West Tuesday through this weekend.

Why it matters: The heat is building in a region that is experiencing a record drought, leading to dangerous fire weather conditions, straining electrical grids, and causing water supplies to dwindle further. The heat itself may prove deadly.

24 mins ago - Health

U.S. COVID-19 death toll surpasses 600,000

Expand chart
Data: Johns Hopkins University; Chart: Danielle Alberti/Axios

More than 600,000 people have died from the coronavirus in the U.S., according to data from Johns Hopkins University.

The big picture: It's a higher death toll than the number of American soldiers killed in combat during the Vietnam War, World War I and World War II combined.

You’ve caught up. Now what?

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