The Latest: Australia OKs funding for two potential vaccines

CANBERRA, Australia — Australia announced on Monday it had struck supply and production agreements with pharmaceutical companies worth 1.7 billion Australian dollars ($1.2 billion) over two potential COVID-19 vaccines.

Under the agreement, Britain’s University of Oxford in collaboration with AstraZeneca and Australia’s University of Queensland working with CSL will provide more than 84.8 million vaccine doses for Australia’s population of 26 million people, almost entirely manufactured in the Australian city of Melbourne, a government statement said.

Australians would have access to 3.8 million doses of the University of Oxford vaccine in January and February, it said.

Prime Minister Scott Morrison said both vaccines would need to be proven safe and effective and meet all necessary regulatory requirements before being made available to the public. Any vaccine would be free to all Australians.

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HERE’S WHAT YOU NEED TO KNOW ABOUT THE VIRUS OUTBREAK

— Pandemic turns summer into European tourism's leanest season

— As the pandemic raged, roadways became speedways

— States are planning for cuts as Congress deadlocks on virus aid

— As coronavirus cases fall in the U.S., governors in hard-hit states are rethinking lockdown orders on bars.

— Cutbacks in credit insurance are creating a dilemma for suppliers, caught between potentially going unpaid and losing customers. That could affect retailers as they approach the critical holiday season._

— Some colleges are turning campus sewage into a public health tool. At least two schools in Utah and Arizona have quarantined students after tests showed the presence of genetic material from the new coronavirus in wastewater.

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Follow AP’s pandemic coverage at http://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak

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HERE’S WHAT ELSE IS HAPPENING:

SEOUL, South Korea __ South Korea has added 119 more cases of the coronavirus, its lowest daily jump in more than three weeks amid a downward trend in new cases.

The Korea Centers for Disease Control and Prevention said Monday the additional figures took the country’s total to 21,296 with 336 deaths.

It’s the fifth straight day the country’s daily jump has stayed under 200. The 119 additional cases are the lowest in kind since mid-August.

South Korea’s caseload had risen since early last month, with many associated with churches, restaurants and schools and an anti-government street rally in the greater Seoul area. In late August, South Korea’s daily jump once marked over 400.

But the caseload has gradually slowed down, largely thanks to toughened social distancing rules that restricts at dining at restaurants and bans gatherings at churches, night spots, after-school academics and fitness centers.