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The maker of Banana Boat sunscreen is recalling a scalp spray because it contains trace amounts of benzene, a chemical which can cause cancer with repeated exposure. Edgewell Personal Care announced the voluntary recall Friday. It said benzene was detected in internal reviews of Banana Boat Hair and Scalp Spray SPF 30. Three batches of the spray are included in the recall, with lot codes 20016AF, 20084BF and 21139AF. Edgewell said no other batches of this spray, and no other Banana Boat products, are included in the recall. Edgewell didn’t say how many cans it is recalling. The Associated Press left a message with the company seeking comment. Shelton, Connecticut-based Edgewell said it hasn’t received any reports of adverse events related to the recall. The company has directed retailers to remove the spray from their shelves. It’s also offering to reimburse customers who have already bought the product. The recall comes a little over a year after Johnson & Johnson recalled five su...

  U.S. President Joe Biden has tested positive for COVID yet again—after taking Paxlovid—in what a White House physician Saturday called a case of “rebound.” Biden—who initially tested positive July 21, after a week of traveling across the Middle East—tested negative for the virus on Tuesday night and again on Wednesday morning of this past week, when he ended his isolation. He additionally tested negative Thursday and Friday mornings before testing positive again Saturday morning, according to a letter from presidential physician Dr. Kevin O’Connor to White House Press Secretary Karine Jean-Pierre, obtained and posted to Twitter by a Reuters correspondent. On Saturday the president said via Twitter that he would return to isolation despite the fact that he’s not experiencing new symptoms. “Folks, today I tested positive for COVID again,” he wrote. “I’ve got no symptoms, but I am going to isolate for the safety of everyone around me. I’m still at work, and will be back on the road ...

  Inflation, Federal Reserve policy tightening, and geopolitical turmoil are cooking up a recipe for stagflation — when inflation and low or no economic growth coincide — said Sumit Handa, managing director at investment firm Pennington Partners. Due to a mix of factors, the typical relationship between stock markets and bond markets has broken, he said. Typically, bond markets fall when stock markets rally and vice versa. But for the first half of 2022, both stock and bond markets sold off, then in July they both rallied, he points out. So where to invest? Handa doesn’t rule out the stock market. During stagflation in the ’70s, “value-oriented strategies did very well,” he said. “So did commodities, and so did inflation-related assets.” Meanwhile, utilities, telecom, staples and technology fared poorly during the `70s, he said. “Now if this environment, this stagflationary environment continues, there will be more and more dollars going into more value-oriented and commodity-like ...