April 3, 2020
By Gina Lee
Investing.com-Australia announced a $973 million package for its childcare sector.
Japans government debated an economic packageincluding ECMO machines.
The United States is on target to develop aCOVID-19 vaccine with biotech company Modernawithin 12 to 18 months.
As ofApril 1,thenumber of confirmed cases globally stood at827,419with40,777deaths, according to the World Health Organisation.
Australia
Prime Minister Scott Morrison announced an A$1.6 billion ($973 million) package for the countrys13,000-strongchildcare sector over the next three months.
The services will be rendered free of charge as theywill be paid from taxpayer subsidies.
Japan
The government is mulling the increased production of extracorporealmembranousoxygenation (ECMO) machinesas part of an economic package to combat COVID-19.
The machines will replace a persons breathing to supply oxygen and remove carbon dioxide.
United States
White Househealthadvisor Anthony Fauci announcedovernightthat the first human trialto test a potential COVID-19 vaccine is on target and will be an ultimate game changer.
Biotech company Moderna is working with Fauci and other healthofficialsto develop the vaccine. Human trials started on March 16.
The vaccine is estimated to bedistributedwithin 12 to 18 months, with phase two trials expected to begin in a few months.
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