Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Carrie Lam speaks at a Hong Kong press conference on October 10, 2018. Photo: Anthony Wallace/AFP/Getty Images

Hong Kong's leader Carrie Lam announced on Saturday that a controversial bill to allow extradition to mainland China will be indefinitely suspended, but not withdrawn, per the New York Times.

Why it matters: More than a million Hongkongers have taken to the streets in the past week to protest the extradition bill, which some fear could be used as a political ploy to arrest and try political activists who oppose the Chinese government. Activists are still demanding that Lam withdraw the bill altogether, and are planning another mass protest for Sunday.

After repeated internal deliberations over the last two days, I now announce that the government has decided to suspend the legislative amendment exercise, restart our communication with all sectors of society, do more explanation work and listen to different views of society
— Carrie Lam

What to watch: The bill will likely be reintroduced at some point, but Lam declined to set a hard deadline: "I believe that we cannot withdraw this bill, or else society will say that this bill was groundless," she said. Lam added that her priority right now is to avoid more violent clashes between protestors and police, which have left at least 80 injured.

Between the lines, per the NYT: "City officials hope that delaying the bill will weaken the opposition by draining it of its momentum, without giving the appearance that the government was backing down entirely, according to the people familiar with the leaders’ thinking."

The other side: China's government announced its support on Saturday for Lam's decision to suspend the bill, Hong Kong Free Press reports. “Maintaining Hong Kong’s prosperity and stability is not only in the interests of China, but also in the interests of all countries in the world," the Chinese foreign ministry statement said.

Go deeper: Hong Kong's people stand up to China

Go deeper

15 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.