Ecuador’s president dissolved the national legislature ahead of an impeachment vote and amid growing unrest in the Andean country. https://ift.tt/C9a4rDz

Biden will seek to maintain unity among allies in supporting Ukraine and countering China’s economic clout at a G-7 summit, as the threat of default in the U.S. complicates that message. https://ift.tt/evwlDOJ

The White House has made periodic calls to the Kremlin to demand the release of American detainees Evan Gershkovich and Paul Whelan, according to Russia’s foreign minister. https://ift.tt/quIMzGH

A federal appeals court expressed skepticism of Biden administration arguments that judges shouldn’t second-guess the Food and Drug Administration’s approval of a widely used abortion pill. https://ift.tt/0UqOIwu

Ukraine is taking aim at Russia’s ammunition stores and caches of other supplies that Moscow’s forces need to fight, seeking to weaken them strike by pinpoint strike ahead of an expected ground campaign to push back the Russian invaders. https://ift.tt/ZToEp0D

Target’s sales suffered in the most recent quarter as shoppers stopped splurging as frequently on items that make up the bulk of the retailer’s annual revenue. https://ift.tt/ChfsbEB

Shein raised $2 billion in its latest fundraising round that values it at $66 billion, about one-third less than a year earlier, according to people close to the company. https://ift.tt/b6KZhvM

Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic, according to people familiar with the matter. https://ift.tt/JYer3yF

Theranos founder Holmes must report to prison by May 30, a judge said, after a court denied her request to remain free pending appeal of her conviction. https://ift.tt/XiLd5k3

Major U.S. stock indexes rallied, with the S&P 500 and Dow industrials both gaining 1.2% and the Nasdaq advancing 1.3%. https://ift.tt/OtHnJD0