Photo: Mark J. Terrill / AP

Former Attorney General Eric Holder called the Trump administration's tough-on-crime stances ideologically-driven and "disappointing, dispiriting and dangerous" at an event this morning put on by Law Enforcement Leaders to Reduce Crime and Legislation. The event was coordinated to promote bipartisan efforts for criminal justice reform.

On legislation: Holder said that "Congress should pass the reform efforts they have before them... They should do so quickly" so that the U.S. criminal justice system is designed for the 21st century, not based off of "20th century ideology."

Meanwhile... During the event, the current Attorney General, Jeff Sessions, who is known to be harsh on crime and has already made efforts to reverse criminal justice reform advances, will be testifying in front of the Senate Judiciary Committee.

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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.