Photo: Chip Somodevilla/Getty Images

House Speaker Nancy Pelosi released an aggressive proposal to rein in drug prices yesterday, and in a now-familiar fashion, Senate Majority Leader Mitch McConnell said he hated it while President Trump kept the door open.

What they're saying: "I like Sen. Grassley's drug pricing bill very much, and it's great to see Speaker Pelosi's bill today," Trump tweeted.

  • A few hours earlier, McConnell told Politico in an interview about the Pelosi proposal that "of course we’re not going to be calling up a bill like that."

My thought bubble: Pelosi's bill probably isn't going to become law. But we're also living in the Wild West of politics, so I wouldn't bet on anything right now.

Go deeper: The Trump-Pelosi mind meld on drug costs

Go deeper

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.