Out with the old rules

Amid an inventory glut and flagging profits, Target said its 63-year-old CEO will stay on for three more years, even though he was mandated to retire in two. The retailer joins a growing list of companies to nix age limits in the C-suite. Today, we’ll dig into why the rule exists but is falling out of fashion. Plus, an equal pay win for the U.S. women’s soccer team and a TikToker who makes monetary policy fun.