Virginia Lt. Gov. Justin Fairfax. Photo: Katherine Frey/The Washington Post via Getty Images

Meredith Watson and Vanessa Tyson, who have both accused Virginia Lt. Gov. Justin Fairfax of sexual assault, said Saturday they would be willing to speak on their experiences under oath if impeachment proceedings were to move forward.

The state of play: Fairfax issued a new statement on Saturday in which he continued to deny both allegations, claiming the two sexual encounters — one in 2000 and one in 2004 — were consensual. He called for an investigation from authorities, including the FBI, and asked for "space in this moment for due process." Virginia Del. Patrick Hope has said he would introduce articles of impeachment on Monday if Fairfax doesn't step down, tweeting that "the impeachment process is the investigation."

Go deeper: Dozens of Democrats call on Fairfax to resign after second allegation

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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.