AP file photo

President Trump dismissed Surgeon General Vivek Murthy Friday night, replacing him with the deputy surgeon general as he moves to name his own people to the administration.

What happened: Murthy "was asked to resign from his duties as Surgeon General after assisting in a smooth transition into the new Trump Administration," Health and Human Services spokeswoman Alleigh Marré said in a statement. "Secretary [Tom] Price thanks him for his dedicated service to the nation."

Who's in charge now: Rear Admiral Sylvia Trent-Adams is now the acting surgeon general.

Why: There was no official word, but Murthy, who released a report last year on the dangers of addiction, had made enemies because of his opposition to e-cigarettes.

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.