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New Zealand Prime Minister Jacinda Ardern and Australian Prime Minster Scott Morrison during a February press conference in Sydney, Australia. Photo: James D. Morgan/Getty Images

AUCKLAND, New Zealand — Australia and New Zealand announced Thursday they're closing their borders to foreign travelers in response to the novel coronavirus outbreak.

Details: Australian Prime Minster Scott Morrison told a news conference that, effective 9pm Australian Eastern Standard Time Friday, all non-citizens and non-residents would be barred from entering the country. Australians can still return from overseas, but they must self-isolate for 14 days. In New Zealand, Prime Minister Jacinda Ardern told reporters the same measures would be introduced in the country at 11:59pm local time Thursday. Travelers on planes when the ban comes into effect in New Zealand would still be allowed to enter.

Go deeper

Updated 12 mins ago - Sports

Laurel Hubbard becomes first openly trans woman to compete at Olympics

Laurel Hubbard. Photo: Dan Mullan/Getty Images

New Zealand weightlifter Laurel Hubbard made history on Monday as the first openly transgender female athlete to compete at the Olympics.

Why it matters: The presence of trans and nonbinary athletes at this year's Games has been celebrated by LGBTQ+ rights advocates, but stirred controversy among critics, who argue trans women have an unfair advantage even after taking hormones to lower their testosterone.

Index fund investors saved $357 billion over last 25 years

Illustration: Sarah Grillo/Axios

Investors who’ve opted to passively track the stock market haven’t just outperformed most active fund managers. They’ve also saved a ton of money in fees while doing it.

Why it matters: There are loads of active fund managers aiming to beat the returns of funds that track indexes like the S&P 500.

27 mins ago - Sports

U.S. gymnast Jade Carey wins Olympic gold in floor exercise final

Jade Carey. Photo: Jeff Pachoud/AFP via Getty Images

American gymnast Jade Carey won Olympic gold in the individual floor exercise final on Monday.

The big picture: Italy’s Vanessa Ferrari won silver and Japan's Mai Murakami and Russian Angelina Melnikova tied for bronze.