COVID-19 vaccine candidates secure funds; Lysol gets EPA nod

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Tuesday related to the national and global response, the work place and the spread of the virus.

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FOOD & SHOPPING:

— Overall retail sales are expected to fall this year, but there’s one bright spot: online shopping. E-commerce sales are expected to rise 18% this year, with most of that spending going to Amazon and Walmart, according to market research firm eMarketer. The increase was helped by the popularity of services like buy online and pick up curbside. The pandemic has also forced some to shop online for the first time: online shopping among those 65 and older is expected to rise 12% this year.

— Good Times Restaurants, which runs Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard, is reporting fiscal third-quarter same-store sales for Bad Daddy's dropped 36.7% due to the impact of the pandemic and associated government restrictions related to restaurant dining rooms.

The company said Tuesday that Bad Daddy’s same-store sales improved throughout the quarter as jurisdictions eased dining room restrictions and its carry-out and delivery business expanded.

Good Times received approximately $11.6 million in Paycheck Protection Program loans.

MEDICINE:

— Novavax has been chosen to participate in Operation Warp Speed, a U.S. government program that seeks to begin delivering millions of doses of a safe, effective vaccine for COVID-19 next year.

Novavax has received $1.6 billion from the federal government to complete late-stage clinical development, including a Phase 3 clinical trial; establish large-scale manufacturing; and deliver 100 million doses of NVX‑CoV2373, its COVID-19 vaccine...