The iPhone Xs. Photo: Ina Fried/Axios

The iPhone Xs may not look much different than the iPhone X, but under the hood there are several changes that make it more powerful than its predecessor — a faster processor, more capable camera, and more. In a hands-on video, we get a glimpse of the just-announced device, as well as the lower-cost iPhone Xr.

The bottom line: The details of the devices were largely as expected, but some impressive camera tricks could push some purchasers toward the iPhone Xs, while the lower-cost iPhone Xr will move the previously high-end-only Face ID closer to the mainstream.

Read our full coverage of Apple's iPhone and Watch announcements.

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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.