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Illustration: Eniola Odetunde/Axios

Negotiations at COP25, the 25th United Nations Climate Change conference, continued into the night Saturday as "major economies resisted calls for bolder climate commitments," Reuters reports from the Madrid summit.

Our thought bubble, per Axios' Ben Geman: This impasse shows how hard it's proving to transform the Paris climate agreement's vision into more concrete steps. It comes as the harms of the changing climate become more apparent in the present.

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

What's new: Activists led by protest group Extinction Rebellion staged a mock hanging outside the UN summit venue. Reuters reports they also dumped manure at the scene with a message to leaders attached: "The horses--t stops here."

Between the lines: Geman notes that accounts from Madrid and statements circulated to reporters show how the dismay of advocates is palpable as the conference falls short of their hopes. Per Geman:

  • This year's annual summit follows fresh reports showing how far off track the world is from even beginning the steep emissions cuts needed to meet the goals of the Paris deal:
  1. Holding the global temperature rise to 2 degrees Celsius above pre-industrial levels and ideally limiting it to 1.5°C.
  2. The harms of the changing climate become more apparent even in the present.

What they're saying: Finland Environment Minister Krista Mikkonen, speaking on behalf of the European Union, said it'd be "impossible to leave" the summit without an agreement that delivered a "strong message" committed to redoubling pledges to cut emissions in 2020, per Reuters.

  • Grenada envoy Simon Stiell told AFP the "crazy" lack of progress at the climate talks "isn't reflective of the kids who are demonstrating on the streets the world over, communities being washed away by rising sea levels."

Read the UN COP25 draft decision:

Go deeper:

Editor's note: This article has been updated with details of the climate protest.

Go deeper

22 mins ago - Technology

Facebook Oversight Board overturns 4 of its 5 first cases

Illustration: Aïda Amer/Axios

Facebook's independent Oversight Board published its first set of decisions Thursday, overturning 4 of the 5 cases it chose to review out of 20,000 cases submitted.

Why it matters: The decision to go against Facebook's conclusions in 4 out of 5 instances gives legitimacy to the Board, which is funded via a $130 million grant from Facebook.

New York AG: State severely undercounted COVID nursing home deaths

Gov. Andrew Cuomo. Photo: Lev Radin/Pacific Press/LightRocket via Getty Images

Data from New York's public health department undercounted COVID-19-related deaths in nursing homes by as much as 50%, according to a report released Thursday by state Attorney General Letitia James.

The big picture: Gov. Andrew Cuomo's administration did not include nursing home patients who died after being transferred to the hospital in its tally of over 8,500 nursing home deaths, according to the report. Data provided to the attorney general's office from 62 nursing homes "shows a significantly higher number of resident COVID-19 deaths can be identified than is reflected" in the official count.

Trading platforms curb trading on high-flying Reddit stocks

Major trading platforms including Robinhood, TDAmeritrade and Interactive Brokers are restricting — or cutting off entirely — trading on high-flying stocks like GameStop and AMC Entertainment.

Why it matters: It limits access to the traders that have contributed to the wild Reddit-driven activity of the past few days — a phenomenon that has gripped Wall Street and the country.