A Facebook Inc. logo is pictured on a desktop computer's display, Milan on March 29, 2018. Photo: Alberto Pezzali/NurPhoto via Getty Images

Facebook explored a data-sharing project with hospitals, now on hold, to profile patients anonymously in order to provide better care, according to CNBC.

Why it matters: Though it promised that no data would identify individual patients by name, Facebook's plan raises a lot of concerns about patient and user privacy. The company has been in hot water in recent weeks after it was discovered that its third-party app tools allowed a researcher to capture user data which was then passed to Cambridge Analytica.

More: The project was led at Facebook by interventional cardiologist Freddy Abnousi, working out of Building 8, the company's secretive unit working on moonshot projects.

A spokesperson told CNBC that the project never went beyond the planning phase.

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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.