Illustration: Sarah Grillo/Axios

Food delivery stalwart Grubhub received a takeover offer from Uber, a primary competitor in the space, Bloomberg reports. Grubhub's shares spiked 25% on the news.

Why it matters: Consolidation has been widely anticipated in the restaurant meal delivery space, which has seen increased demand amid the coronavirus pandemic, as companies like Uber and DoorDash have been hemorrhaging money in a race for market share.

Update: The Wall Street Journal reports that the offer is all-stock.

Go deeper: GrubHub sees Q1 revenue growth but increased losses

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Aug 12, 2020 - Podcasts

The fight over the future of ridesharing

On Monday, a California superior court judge ruled that Uber and Lyft should classify drivers as employees, not temporary contractors. Both companies plan to appeal, and on Wednesday, Uber’s CEO said that the company would have to temporarily stop operating in California if the ruling is upheld.

Axios Re:Cap examines the legal battle and what comes next with the New York Times' Mike Isaac, author of “Super Pumped: The Battle for Uber.”

20 mins ago - Health

Trump's testing czar: COVID surge "is real" and not just caused by more tests

Assistant Secretary of Health Adm. Brett Giroir, who leads the federal government's coronavirus testing response, pushed back on Wednesday against President Trump's continued claims that rising coronavirus cases are a product of increased testing.

The big picture: Every available piece of data shows that the pandemic is getting worse again across the country. Hospitalizations are on the rise — and some hospitals are warning that they could soon be overwhelmed — while 13 states set new highs last week for coronavirus infections recorded in a single day.

Cook Political Report moves Texas to "toss up" in presidential race

Photo: Brendan Smialowski/AFP via Getty Images

Cook Political Report moved Texas from "lean Republican" to "toss up" for the 2020 presidential race on Wednesday.

Why it matters: Texas, which has 38 electoral votes, hasn't backed a Democrat for president since 1976. A win for Biden in the historically red state would likely be a knockout blow against Trump.