AstraZeneca receives $1 billion in U.S. funding for virus vaccine

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AstraZeneca receives $1 billion in U.S. funding for virus vaccine
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British-Swedish pharmaceutical company AstraZeneca receives more than $1 billion in funding from the U.S. to develop a coronavirus vaccine.

A British-Swedish pharmaceutical company has received more than $1 billion in funding from the U.S. Health Department’s Biomedical Advanced Research and Development Authority to develop a coronavirus vaccine in collaboration with the University of Oxford.

The agreement between AstraZeneca and BARDA will accelerate the development and manufacturing of the company’s vaccine to begin Phase 3 clinical studies this summer with approximately 30,000 volunteers in the United States, according to a statement from the U.S. Department of Health and Human Services.

Argentina is the world's fifth-largest beef exporter and Israel is the No. 3 buyer of its famed cuts, snapping up over $100 million each year, said Mario Ravettino, head of Argentina's ABC meat export consortium.

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