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On a day when global doomsday predictions failed to pan out, NASA had more good news for the Earth: An asteroid feared to be on a collision course with our planet no longer poses a threat.

Uncertainties about the orbit of the asteroid, known as 2011 AG5, previously allowed for a less than a 1% chance it would hit the Earth in February 2040, NASA said.

To narrow down the asteroid's future course, NASA put out a call for more observation. Astronomers from the University of Hawaii at Manoa took up the task and managed to observe the asteroid over several days in October.