Johnson & Johnson on Wednesday issued a voluntary recall of five Neutrogena and Aveeno spray sunscreens after internal testing identified potential cancer-causing chemicals in some samples.
Driving the news: J&J said consumers should stop using and dispose of the products. The company is notifying distributors and retailers to stop sales and arrange for returns.
Small business owners who can't find workers are stepping into the unfilled roles themselves — and asking existing staff to take on more hours — to meet demand, per a new survey by the U.S. Chamber of Commerce and MetLife.
A phenomenon ushered in by the pandemic is lingering: less borrowing. People are paying down their credit card balances faster, and mom-and-pop shops are holding back on loans. Thank all the stimulus for that.
Why it matters: Government aid left consumers and businesses buoyed with cash, so they aren't turning to banks to borrow nearly as much.
Over 150 companies, including PepsiCo, Amazon and Target, urged Congress to pass the John Lewis Voting Rights Advancement Act, in a letter published Wednesday.
Why it matters: The companies, which collectively employ 4 million U.S. workers, expressed support for the sweeping bill that is named after civil rights leader and former Rep. John Lewis (D-Ga.), who died last year.
The New York Times has hired Jason Sobel, previously the head of infrastructure at Airbnb, as its new chief technology officer.
Details: Sobel will report directly to the company’s chief executive officer, Meredith Kopit Levien, per a statement. Before Airbnb, Sobel worked at Facebook for six years.
U.S. securities regulators aren't yet strengthening disclosure rules on SPACs, but they are beginning to step up enforcement of existing rules.
Driving the news: The Securities and Exchange Commission on Tuesday announced charges and a settlement with several entities and people involved in a 2020 SPAC deal for space cargo company Momentus.
House Minority Leader Kevin McCarthy (R-Calif.) raised $43.6 million during the first half of 2021, his campaign announced on Wednesday.
The big picture: McCarthy's announcement comes after the National Republican Congressional Committee said it had raised almost $80 million during the first half of the year, its best-ever first-half haul during an election off-year.
Senate Democrats' new deal on a budget outline sets the stage for their fraught effort to seek unprecedented clean energy spending and incentives.
Driving the news: Majority Leader Chuck Schumer and Budget Committee members on Wednesday night announced an agreement to try to steer $3.5 trillion into Medicare, climate, education and other priorities.
Outside Media, home to dozens of outdoor enthusiast brands, is acquiring two new titles, Pinkbike and Cycling Tips, as well as Trailforks, a trail mapping app.
Why it matters: The deals will help further cement Outside’s coverage of cycling and bolster its mapping tools.
About 1.8 million out-of-work Americans have turned down jobs because of the generosity of unemployment insurance benefits, according to Morning Consult poll results released Wednesday.
Why it matters: U.S. businesses have been wrestling with labor supply shortages as folks capable of working have opted not to work for a variety of reasons.
JPMorgan Chase and its CEO Jamie Dimon have a lot of bullish things to say about U.S. consumers.
Why it matters: As the biggest bank in the U.S., JPMorgan has an intimate understanding of consumers’ financial activities, including how they are saving and borrowing.
Feast your eyes on this iconic 300 SL Roadster, produced from 1957 to 1963, and the upcoming 2022 Mercedes-AMG SL.
Why it matters: The SL was one of the most famous automotive design icons in history. Creating a modern interpretation of that classic interior is a challenge when everything runs via computer.
Inflation is at its highest level since 2008, thanks in very large part to a single item whose price has been going through the roof: Cars.
Why it matters: What goes up must generally come down, and there are strong indications — like data last week from prominent used car marketplace Manheim — that the unprecedented rise in auto prices is peaking. In the second half of this year, cars might well be a force making inflation numbers look artificially low.
Corporate America is expecting big jumps in profits in the second quarter. That's especially the case in health care, an industry that hasn't really lost a lot of financial momentum throughout the coronavirus pandemic.
The bottom line: Health care spending is basically back to pre-COVID levels. Expect big numbers across the board.
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