Photo: Anna Gassot/AFP/Getty Images

Nearly 2 dozen states have filed suit against the federal government to block a law that would allow doctors to decline care to patients for abortions and deny transgender patients service based on their moral or religious beliefs.

Why it matters: The challenge comes from left-leaning states at a time when restrictive abortion bans are taking root in several conservative states. Some GOP legislators are hoping these new laws will make their way to the Supreme Court and ultimately reverse the Roe v. Wade decision.

Details: The new law also gives doctors an out to refuse care for procedures such as assisted suicide, sterilization or gender reassignment surgery. The new law is expected to take effect in July, and the federal government reserves the right to deny funding to any hospitals or clinics that refuse to comply, per AP.

Go deeper: Trump administration to allow faith-based discrimination in medicine

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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.