Photo: Joe Raedle/Getty Images

President Trump allegedly pushed for North Dakota-based Fisher Industries — whose CEO Tommy Fisher donates to the GOP and regularly appears on Fox News — to be awarded a border wall contract, administration officials told the Washington Post.

Why it matters: Trump personally filed the request on multiple occasions, alarming Department of Homeland Security officials and military personnel, particularly because the contract is worth billions of dollars, the Post reports. Trump adopted Fisher's idea that a steel design could speed up the completion of the project and lessen the cost burden to taxpayers

  • Trump's son-in-law and senior adviser Jared Kushner also advocated for Fisher, and questioned officials about why they weren't selected.

The context: Per the Post, the company sued the U.S. government last month after the Army Corps refused to accept its bid to install barriers along the southern border. Still, "Fisher already has started building a section of fencing in Sunland Park, N.M," per the Post.

Go deeper: Trump's hardline new border plan

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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.