(Bloomberg) — Novavax Inc. was awarded $1.6 billion in U.S. funding to support large-scale manufacturing of its coronavirus vaccine candidate. Any vaccine would likely be limited in how long it can shield against infection, top U.S. infectious disease expert Anthony Fauci warned.
European officials expect a deeper economic slump than previously estimated this year, underscoring the challenge faced by the continent after months-long shutdowns. The pace of new infections from Tokyo to Iran and Australia is raising concerns about another virus wave. U.S. cases are approaching 3 million.
Melbourne will be locked down for six weeks after new cases in the Australian state of Victoria jumped by 191, the biggest daily increase since the outbreak began. In contrast, Beijing reported no new infections for the first time in nearly a month.
Global Tracker: Cases top 11.5 million; deaths exceed 537,000Beijing reported no cases. Here’s how the city turned