President Trump and Israeli Prime Minister Benjamin Netanyahu. Photo: Drew Angerer/Getty Images

President Trump told reporters Wednesday morning that Israeli Prime Minister Benjamin Netanyahu's election victory was "a good sign for peace."

"Everybody said you can't have peace in the Middle East with Israel and the Palestinians. I think we have a chance. I think we have now a better chance with Bibi having won."

Driving the news: Netanyahu scored a fifth term in office with his election win yesterday, declaring that he will be "prime minister for all" even as he faces a slew of corruption indictments. Trump called Netanyahu from Air Force One to congratulate him for his victory in the elections, Netanyahu's office said in a statement. Netanyahu thanked Trump for his support, and the two leaders agreed to continue working closely together.

Earlier this morning, national security adviser John Bolton told Hugh Hewitt's radio show that now that the Israeli elections are over, the Trump administration will launch its highly anticipated peace plan in "the very near future."

"We’ve been working, President Trump, Jared Kushner and others, for a couple of years now on a Middle East peace plan. We’ve been in the preparatory stages to getting it ready. And I think we’re going to see that coming out in the very near future. That opens all kinds of prospects. Then the struggle against Iran’s efforts to subvert peace and security in the region continues. And Netanyahu will play a big, big part in that, along with President Trump."

Go deeper: 6 things you need to know about Netanyahu's election victory

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.