In an effort to beef up protections for consumers against corporations, the Biden administration on Monday announced a handful of policies to crack down on "headaches and hassles that waste Americans' time and money." From a report: Through the Federal Trade Commission (FTC) and the Federal Communications Commission (FCC), the administration will ask companies to make it as easy to cancel subscriptions and memberships as it is to sign up for them, and through the Consumer Financial Protection Bureau, a new rule will require companies to let customers cut through automated customer service "doom loops" by pressing a single button to reach a real person.

"For a lot of services, it takes one or two clicks on your phone to sign up. It should take one or two clicks on your phone to end the service," White House Domestic Policy Advisor Neera Tanden said on a call with reporters to discuss the new policies. Consumers could see the new rule applied to gym memberships or subscriptions with phone and internet companies. The administration will also call on health insurance companies to allow claims to be submitted online, rather than requiring insured customers to print out and mail forms in for coverage.

St. Cloud State University announced plans to eliminate its music department and cut 42 degree programs and 50 minors, as part of a broader trend of U.S. colleges slashing offerings amid financial pressures. The Minnesota school's decision, driven by a $32 million budget shortfall over two years, reflects challenges facing higher education institutions nationwide. Similar program cuts have been announced at universities across the country, including in North Carolina, Arkansas, and New York. Some smaller institutions have closed entirely, unable to weather the financial storm, reports CBS News.

Federal COVID relief funds have dried up, operational costs are rising, and fewer high school graduates are pursuing college degrees. St. Cloud State's enrollment plummeted from 18,300 students in fall 2020 to about 10,000 in fall 2023, mirroring national trends. The National Student Clearinghouse Research Center reports a decline in four-year college enrollment, despite a slight rebound in community college numbers.

For the first time, two new all-electric passenger trains are operating in the US, which is woefully behind the rest of the world in electrifying its rolling stock. The Verge: The two new trains are operated by Caltrain. California Governor Gavin Newson and House Speaker Emerita Nancy Pelosi were on hand to take the inaugural ride, which took place on Saturday. The trains were put into regular service the following day, running along the route between San Jose and San Francisco.

It's taken almost 20 years since the idea of electric trains was first proposed in California. But officials insisted the new trains will be quieter and faster than the diesel-powered trains in current operation while also providing a better experience for passengers. The two trains will be joined by 17 others that should be in service by mid-September.

[...] It shouldn't come as any shock that the US is lagging behind the rest of the world in introducing electric trains. India is on the cusp of electrifying 100 percent of its rail lines, while China is nearing three-quarters of its network. Over 57 percent of the rail system in the European Union is electric.

A company called ChargerHelp provides certified technicians to service EV charging stations (for a monthly fee). And they've just issued their annual "reliability report," reports CleanTechnica: Its analysis of more than 19 million data points collected from public and private sources in 2023 — including real-time assessments of 4,800 chargers from ChargerHelp technicians in the field — finds that â"software consistently overestimates station uptime, point-in-time status, and the ability to successfully charge a vehicle...."

[W]hen ChargerHelp technicians personally inspected 4,800 charge points, they found more than 10% were reported to be online but were in fact unable to complete a test charge... These findings by ChargerHelp are backed up by many smaller scale studies and surveys over the past several years that have found that claims of 95% uptime or greater do not match real world experience. A 2022 study of 657 chargers at 181 non-Tesla public charging sites in the San Francisco Bay Area determined that only 73% were capable of delivering a charge for more than two minutes, for example.

[I]mprovements have been slow to materialize. In fact, driver satisfaction with public charging has only worsened over the past year, according to the latest J.D. Power Electric Vehicle Experience Ownership Study, released in February. As the variety, price, and range of EVs available to US drivers have become more attractive, mistrust of public charging now constitutes the most significant headwind for EV adoption, J.D. Power says.
The report also "lists the biggest infrastructure pain points," reports the Verge, "including a failure to report broken stalls, inaccurate station status messages, aging equipment, and some habitually unreliable network providers (who go unnamed in the study, unfortunately)." EV chargers can break in many ways, the study concludes. These include broken retractor systems intended to protect the cable from getting mangled by vehicle tires, broken screens, and inoperable payment systems. There is also general damage to the cabinet and, of course, broken cables and connectors.

Across the chargers recorded, ChargerHelp calculates that actual uptime is only 73.7 percent, compared to the 84.6 percent self-reported by the EV network providers.

"Battling choppy waves and high winds, three engineers pulled ashore a yellow submarine in Scotland this week," reports the BBC. "With sheets of water pouring from its body, the UK's most famous robot — Boaty McBoatface — was winched up after 55 days at sea." Boaty has completed a more-than-2,000km scientific odyssey from Iceland [the longest journey yet for its class of submarine, and major test of its engineering]... "Boaty has absolutely passed. It's a massive relief," says Rob Templeton [from Southampton's National Oceanography Centre]... It is exciting technology but the science that Boaty was doing could be part of a game-changer in how scientists understand climate change...

Cruising at 1.1metres per second and diving thousands of metres, Boaty had more than 20 sensors monitoring biological and chemical conditions like nutrients, oxygen levels, photosynthesis and temperature... "We are measuring what's been happening in the upper ocean with the phytoplankton, the plants that grow there. We are looking at the little zooplankton, the animals that eat them. And we've been measuring the fecal pellets, the poo that the animals produce," explained Dr Stephanie Henson [chief scientist on the research project "BioCarbon" run by the National Oceanography Centre, the University of Southampton and Heriot-Watt University in Edinburgh.] "Our climate would be significantly warmer if the carbon pump wasn't there," Stephanie said. Without it, atmospheric carbon dioxide levels would be about 50% higher, she says. But current climate modelling does not get the carbon pump right, she says. "We want to know how strong it is, what changes its strength. Does it change from season to season, and year to year?" she says...

There are tentative signs from the research that the carbon pump might be slowing down, the scientists explain. The team recorded much smaller "blooms" of the tiny plants and animals that feed on them than they expected in spring. "If that trend were to continue in future years it would mean the biological (carbon) pump could be weakening which could result in more carbon dioxide being left in the atmosphere," Stephanie said.
It's really nice to see photos of the yellow submarine coming ashore after 55 days underwater, "on its way home to Southampton."

But according to the article, Dr Adrian Martin (running the BioCarbon project) "explains the research aims to better understand how the oceans are storing carbon because of a controversial field of study called geoengineering." Some scientists and entrepreneurs believe we can artificially change the ocean, for example by altering its chemistry, in the hope it would absorb more carbon. But these are still very experimental and have lots of critics. Opponents worry geoengineering will do unexpected harm or not address climate change quickly enough. "If you're going to make interventions that could be global disturbances of the ocean ecosystem, you need to understand the consequences. Without that, you are not informed to make that decision," he says.

"Zelle payments can't be reversed once they're sent," notes the Los Angeles Times — which could be why they're popular with scammers. "You can't simply stop the payment (like a check) or dispute it (like a credit card). Now, the federal regulator overseeing financial products is probing whether banks that offer Zelle to their account holders are doing enough to protect them against scams. Two major banks — JPMorgan Chase and Wells Fargo — disclosed in their security filings in the last week that they'd been contacted by the Consumer Financial Protection Bureau. According to the Wall Street Journal, which reported the filings Wednesday, the CFPB is exploring whether banks are moving quickly enough to shut down scammers' accounts and whether they're doing enough to identify and prevent scammers from signing up for accounts in the first place...

A J.D. Power survey this year found that 3% of the people who'd used Zelle said they had lost money to scammers, which was less than the average for peer-to-peer money transfer services such as Venmo, CashApp and PayPal. The chief executive of Early Warning Services, which runs Zelle, told a Senate subcommittee in July that only 0.1% of the transactions on Zelle involved a scam or fraud; in 2023, the company said, that percentage was 0.05%. But Zelle operates at such a large scale — 120 million users, 2.9 billion transactions and $806 billion transferred in 2023, according to Early Warning Services — that even a tiny percentage of scam and fraud problems translates into a large number of users and dollars... From 2022 to 2023, Zelle cut the rate of scams by nearly 50% even as the volume of transactions grew 28%, resulting in less money scammed in 2023 than in 2022, said Ben Chance, the chief fraud risk management officer for Zelle. The company didn't disclose the amounts involved, but if 0.05% of the $806 billion transferred in 2023 involved scam or fraud, that would translate to $403 million.

Do Zelle users get reimbursed for scams? Only in certain cases, and this is where the banks that offer Zelle have drawn the most heat. If you use Zelle to pay a scammer, banks say, that's a payment you authorized, so they're not obliged under law to refund your money... Some banks, such as Bank of America, say they will put a freeze on transfers by a suspected scammer as soon as a report comes in, then investigate and, if the report is substantiated, seize and return the money. But that works only if the scam is reported right away, before the scammer has the chance to withdraw the funds — which many will do immediately, said Iskander Sanchez-Rola, director of innovation at the cybersecurity company Gen.

Mozilla's interim CEO Laura Chambers "says the company is reinvesting in Firefox after letting it languish in recent years," reports Fast Company, "hoping to reestablish the browser as independent alternative to the likes of Google's Chrome and Apple's Safari.

"But some of those investments, which also include forays into generative AI, may further upset the community that's been sticking with Firefox all these years..." Chambers acknowledges that Mozilla lost sight of Firefox in recent years as it chased opportunities outside the browser, such as VPN service and email masking. When she replaced Mitchell Baker as CEO in February, the company scaled back those other efforts and made Firefox a priority again. "Yes, Mozilla is refocusing on Firefox," she says. "Obviously, it's our core product, so it's an important piece of the business for us, but we think it's also really an important part of the internet."

Some of that focus involves adding features that have become table-stakes in other browsers. In June, Mozilla added vertical tab support in Firefox's experimental branch, echoing a feature that Microsoft's Edge browser helped popularize three years ago. It's also working on tab grouping features and an easier way to switch between user profiles. Mozilla is even revisiting the concept of web apps, in which users can install websites as freestanding desktop applications. Mozilla abandoned work on Progressive Web Apps in Firefox a few years ago to the dismay of many power users, but now it's talking with community members about a potential path forward.

"We haven't always prioritized those features as highly as we should have," Chambers says. "That's been a real shift that's been very felt in the community, that the things they're asking for . . . are really being prioritized and brought to life."
Firefox was criticized for testing a more private alternative to tracking cookies which could make summaries of aggregated data available to advertisers. (Though it was only tested on a few sites, "Privacy-Preserving Attribution" was enabled by default.) But EFF staff technologist Lena Cohen tells Fast Company that approach was "much more privacy-preserving" than Google's proposal for a "Privacy Sandbox." And according to the article, "Mozilla's system only measures the success rate of ads — it doesn't help companies target those ads in the first place — and it's less susceptible to abuse due to limits on how much data is stored and which parties are allowed to access it." In June, Mozilla also announced its acquisition of Anonym, a startup led by former Meta executives that has its own privacy-focused ad measurement system. While Mozilla has no plans to integrate Anonym's tech in Firefox, the move led to even more anxiety about the kind of company Mozilla was becoming. The tension around Firefox stems in part from Mozilla's precarious financial position, which is heavily dependent on royalty payments from Google. In 2022, nearly 86% of Mozilla's revenue came from Google, which paid $510 million to be Firefox's default search engine. Its attempts to diversify, through VPN service and other subscriptions, haven't gained much traction.

Chambers says that becoming less dependent on Google is "absolutely a priority," and acknowledges that building an ad-tech business is one way of doing that. Mozilla is hoping that emerging privacy regulations and wider adoption of anti-tracking tools in web browsers will increase demand for services like Anonym and for systems like Firefox's privacy-preserving ad measurements. Other revenue-generating ideas are forthcoming. Chambers says Mozilla plans to launch new products outside of Firefox under a "design sprint" model, aimed at quickly figuring out what works and what doesn't. It's also making forays into generative AI in Firefox, starting with a chatbot sidebar in the browser's experimental branch.
Chambers "says to expect a bigger marketing push for Firefox in the United States soon, echoing a 'Challenge the default' ad campaign that was successful in Germany last summer. Mozilla's nonprofit ownership structure, and the idea that it's not beholden to corporate interests, figures heavily into those plans."

Here's a question from the blog OMG Ubuntu. "Ever get miffed reading about a major new Ubuntu release only to learn it doesn't come with the newest Linux kernel?

"Well, that'll soon be a thing of the past." Canonical's announced a big shift in kernel selection process for future Ubuntu release, an "aggressive kernel version commitment policy" pivot that means it will ship the latest upstream kernel code in development at the time of a new Ubuntu release.

Yes, even if that upstream kernel hasn't yet seen a formal stable release (and received the requisite newspaper-graphic-topped rundown on this blog). Which is a huge change. Currently, new Ubuntu releases include the most recent stable Linux kernel release at the time of the kernel freeze milestone in the Ubuntu development cycle.
Here's the official announcement by Canonical's Brett Grandbois. "Ubuntu will now ship the absolute latest available version of the upstream Linux kernel at the specified Ubuntu release freeze date, even if upstream is still in Release Candidate status..." It is actually expected that Late Releases will be the exception rather than the norm and in most releases these guidelines will not be necessary as the upstream kernel will release with enough time for the Ubuntu kernel to stabilize. However, adopting a more aggressive kernel version commitment policy does require us to be prepared for a possible Late Release situation and therefore informing the community on what they can expect.

"The artificial turf industry has had a great deal of success convincing millions of people that its short-lived, nonrecyclable, fossil-fuel-derived product is somehow good for the environment," complains the head of Los Angeles' chapter of the advocacy nonprofit, the Climate Reality Project. In an opinion piece published in the Los Angeles Times, he argues that "In fact, it's clear that artificial turf is bad for our ecosystems as well as our health."

The piece's title? "What's more environmentally irresponsible than a thirsty L.A. lawn? A fake plastic one." Artificial turf exacerbates the effects of climate change. On a 90-degree Los Angeles day, the temperature of artificial turf can reach 150 degrees or higher — hot enough to burn skin. And artificial turf is disproportionately installed to replace private lawns and public landscaping in economically disadvantaged communities that already face the greatest consequences of the urban heat-island effect, in which hard surfaces raise local temperatures.

Artificial turf consists of single-use plastics made from crude oil or methane. The extraction, refining and processing of these petrochemicals, along with the transporting and eventual removal of artificial turf, come with a significant carbon footprint.

Artificial turf is full of perfluoroalkyl and polyfluoroalkyl substances, or PFAS, known as "forever chemicals" because they accumulate in the environment and living tissue. The Synthetic Turf Council has noted manufacturers' efforts to ensure that their products "contain no intentionally-added PFAS constituents." So what? Tobacco companies don't intentionally add carcinogens to cigarettes; they're built into the product. PFAS have been linked to serious health effects, and while artificial turf is by no means the only source of them, it is one we can avoid. Because artificial turf is a complex product made of multiple types of plastic, it will never be recycled. After its relatively short lifespan of about eight to 15 years, artificial turf ends up in indefinite storage, landfills and incinerators, creating a whole host of additional pollution problems...

Remarkably, artificial turf doesn't even save water compared with grass... [A]rtificial turf must be regularly cleaned with water, and in warm climates such as Los Angeles', artificial fields get so hot that schools must water them down before children play on them.
Astroturf also doesn't absorb rainwater, the piece poitns out.

In fact, studies show the maintenance costs of artificial turf often exceed those of natural grass.

Thanks to Slashdot reader Bruce66423 for sharing the article,

An anonymous reader quotes a report from The Guardian: The Australian sea lions glide and dart through underwater tunnels, over seagrass beds and rocky reefs, searching for a meal and dancing with dolphins around a giant bait ball of fish -- all the action captured by a camera stuck on their back. "I can watch this stuff for hours," says Prof Simon Goldsworthy. "It's like the best slow TV ever. You just don't know what you're going to see next." The Australian sea lion is in trouble. They were hunted until the early 20th century. Commercial fishing nets and pots have proved to be a more modern threat. Numbers have crashed by 60% in the past 40 years, leaving only about 10,000 of them mostly spread thinly across 80 breeding sites along Australia's south and west coastline.

Goldsworthy's "slow TV" is the result of new efforts to employ the sea lions to map the ocean floor -- and their own habitats -- by sticking cameras with satellite tracking to their backs. So far, eight females from two seal colonies have filmed almost 90 hours of footage across more than 500km, helping scientists to map 5,000 sq km of habitat. The sea lions have mapped rocky reefs and seagrass meadows along the continental shelf, and shown humans the places that are important to them. With that information, conservationists will have much clearer ideas on how to protect the country's only endemic seal. A study outlining the sea lions' camera work has been published in the journal Frontiers in Marine Science.

The FCC has proposed new rules governing the use of AI-generated phone calls and texts. Part of the proposal centers on create a clear definition for AI-generated calls, with the rest focuses on consumer protection by making companies disclose when AI is being used in calls or texts. A report adds: "This provides consumers with an opportunity to identify and avoid those calls or texts that contain an enhanced risk of fraud and other scams," the FCC said. The agency is also looking ensure that legitimate uses of AI to assist people with disabilities to communicate remains protected.

Major U.S. companies are tightening eligibility requirements for student discounts, cracking down on graduates who continue to claim benefits years after leaving school. Amazon, Spotify, and other firms are partnering with verification services like SheerID to validate student status, ending an era of lax enforcement that allowed many to exploit discounts long after graduation.

While companies aim to build brand loyalty among young consumers, they're also guarding against fraud. SheerID claims it helped clients avoid $2 billion in fraudulent discounts last year. Most streaming services retain over 90% of student customers after graduation, according to SheerID CEO Stephanie Copeland Weber. "They're building trust and loyalty with those consumers," she told WSJ.

Stressing science education, China is outpacing other countries in research fields like battery chemistry, crucial to its lead in electric vehicles. From a report: China's domination of electric cars, which is threatening to start a trade war, was born decades ago in university laboratories in Texas, when researchers discovered how to make batteries with minerals that were abundant and cheap. Companies from China have recently built on those early discoveries, figuring out how to make the batteries hold a powerful charge and endure more than a decade of daily recharges. They are inexpensively and reliably manufacturing vast numbers of these batteries, producing most of the world's electric cars and many other clean energy systems.

Batteries are just one example of how China is catching up with -- or passing -- advanced industrial democracies in its technological and manufacturing sophistication. It is achieving many breakthroughs in a long list of sectors, from pharmaceuticals to drones to high-efficiency solar panels. Beijing's challenge to the technological leadership that the United States has held since World War II is evidenced in China's classrooms and corporate budgets, as well as in directives from the highest levels of the Communist Party.

A considerably larger share of Chinese students major in science, math and engineering than students in other big countries do. That share is rising further, even as overall higher education enrollment has increased more than tenfold since 2000. Spending on research and development has surged, tripling in the past decade and moving China into second place after the United States. Researchers in China lead the world in publishing widely cited papers in 52 of 64 critical technologies, recent calculations by the Australian Strategic Policy Institute reveal.

Bruce66423 writes: Sellafield [U.K.'s largest nuclear site] has apologised after pleading guilty to criminal charges relating to a string of cybersecurity failings at Britain's most hazardous nuclear site, which it admitted could have threatened national security.

Among the failings at the vast nuclear waste dump in Cumbria was the discovery that 75% of its computer servers were vulnerable to cyber-attacks, Westminster magistrates court in London heard. Information that could threaten national security was left exposed for four years, the nuclear watchdog revealed, and Sellafield said it had been performing critical IT health checks that were not, in fact, being carried out.

The Guardian's investigation also revealed concerns about external contractors being able to plug memory sticks into Sellafield's system while unsupervised and that its computer servers were deemed so insecure that the problem was nicknamed Voldemort after the Harry Potter villain because it was so sensitive and dangerous.

The good news is that the problem has been spotted. The bad news is that there can be no meaningful punishment for a government owned company. One can only hope that they will do better in the future.

Toxic PFAS "forever chemicals" that leach from landfills into groundwater are among the major pollution sources in the US, and remain a problem for which officials have yet to find an effective solution. Now new research has identified another route in which PFAS may escape landfills and threaten the environment at even higher levels: the air. From a report: PFAS gas that emits from landfill waste ends up highly concentrated in the facilities' gas treatment systems, but the systems are not designed to manage or destroy the chemicals, and much of them probably end up in the environment.

The findings, which showed up to three times as much PFAS in landfill gas as in leachate, are "definitely an alarming thing for us to see," said Ashley Lin, a University of Florida researcher and the lead author of the study. "These findings suggest that landfill gas, a less scrutinized byproduct, serves as a major pathway for the mobility of PFAS from landfills," the paper's authors wrote.

PFAS are a class of about 16,000 compounds used to make products resistant to water, stains and heat. They are called "forever chemicals" because they do not naturally break down and have been found to accumulate in humans. The chemicals are linked to cancer, birth defects, liver disease, thyroid disease, plummeting sperm counts and a range of other serious health problems. As researchers have begun to understand the chemicals' dangers in recent years, the focus has largely been on water pollution, and regulators have said virtually all leachate from the nation's 200 landfills contain PFAS. But scientists are beginning to understand that PFAS air pollution is also a significant threat.

The first therapy that uses gene-editing is to be offered on the NHS in a "revolutionary breakthrough" for patients. From a report: It will be used as a potential cure for the blood disorder beta thalassaemia. Stem cells which make blood will be extracted, reprogrammed to correct the condition and returned to the patient's body. It could spare them needing a blood transfusion, every three to five weeks, for life. People with beta thalassaemia struggle to produce enough haemoglobin, which is the protein in red blood cells that carries oxygen around the body. It is a genetic disease that is passed down through families and caused by defects in the body's instructions for manufacturing haemoglobin. It can leave people severely tired, weak, and short of breath and also cuts life expectancy.

An anonymous reader quotes a report from Ars Technica: The past several years have been absolute scorchers, with 2023 being the warmest year ever recorded. And things did not slow down in 2024. As a result, we entered a stretch where every month set a new record as the warmest iteration of that month that we've ever recorded. Last month, that pattern stretched out for a full 12 months, as June of 2024 once again became the warmest June ever recorded. But, despite some exceptional temperatures in July, it fell just short of last July's monthly temperature record, bringing the streak to a close.

Europe's Copernicus system was first to announce that July of 2024 was ever so slightly cooler than July of 2023, missing out on setting a new record by just 0.04 degrees C. So far, none of the other major climate trackers, such as Berkeley Earth or NASA GISS, have come out with data for July. These each have slightly different approaches to tracking temperatures, and, with a margin that small, it's possible we'll see one of them register last month as warmer or statistically indistinguishable. According to the Copernicus system, July 2024 was 0.68 degrees above the average temperature for July from 1991 to 2020. It also included the warmest day ever recorded.

In terms of anomalies, July 2024 also represents the first time in a year that a month was less than 1.5 degrees C above preindustrial temperatures (defined as the average from 1850-1900).

An anonymous reader quotes a report from The Guardian: Amazon's $4 billion investment into US artificial intelligence startup Anthropic is to be examined in the latest investigation into technology tie-ups by the UK's competition watchdog. The Competition and Markets Authority (CMA) said on Thursday that it was launching a preliminary investigation into the deal, before deciding whether to refer it for an in-depth review. The deal, announced in March, included a $4 billion investment in Anthropic from Amazon, and a commitment from Anthropic to use Amazon Web Services "as its primary cloud provider for mission critical workloads, including safety research and future foundation model development." The regulator said it was "considering whether it is or may be the case that Amazon's partnership with Anthropic has resulted in the creation of a relevant merger situation." "We are an independent company. Our strategic partnerships and investor relationships do not diminish our corporate governance independence or our freedom to partner with others," said an Anthropic spokesperson said in a statement. "Amazon does not have a seat on Anthropic's board, nor does it have any board observer rights. We intend to cooperate with the CMA and provide them with a comprehensive understanding of Amazon's investment and our commercial collaboration."

Palantir Chief Technology Officer Shyam Sankar has called for faster defense spending, arguing the Pentagon should focus on rapid deployment over higher budgets. "The biggest challenge is speed," Sankar told Axios in an interview. "The Department of Defense would be better off spending half as much money twice as quickly."

The U.S. military has "lost our ability to value time," he said. The Denver-based software company, known for its work in areas ranging from vaccine logistics to Ukraine demining efforts, has positioned itself as a "software prime" in the defense sector.

Nasdaq is taking steps to purge itself of dubious companies whose shares trade below $1 each, following criticism that the exchange has become home to hundreds of risky penny stocks. From a report: [...] When a stock closes below $1 for 30 consecutive trading days, Nasdaq deems the company to be noncompliant and gives it 180 days to remedy the situation. After 180 days, if the stock hasn't climbed above $1, the company can request another 180-day grace period. At the end of that second period, the company can still get a last-minute reprieve by appealing to a Nasdaq hearings panel. The delisting is stayed while the company awaits its hearing.

Some say those rules are lax, leading to a pileup of penny stocks on Nasdaq. On Wednesday, there were 523 stocks listed on U.S. exchanges that closed below $1 per share, of which 433 were listed on Nasdaq, according to Dow Jones Market Data. By comparison, there were fewer than a dozen sub-$1 stocks in early 2021. The two proposed rule changes unveiled by Nasdaq on Thursday would tighten up some of the rules regarding sub-$1 stocks, though they don't go as far as Virtu has demanded.

Under one of the proposed changes, companies that reach the end of their second 180-day grace period wouldn't be able to postpone delisting by seeking an appeal. Instead, their shares would move to the over-the-counter market -- a sort of purgatory where companies land after being delisted -- while they await the appeal. Effectively, the rule change caps the amount of time that sub-$1 stocks can be listed on Nasdaq to roughly a year. The second proposed rule change would speed up the delisting process for companies that recently did a reverse stock split. Under the change, if a company carried out a reverse split to prop up its share price, but then its stock fell below $1 within a year, Nasdaq would immediately send the company a delisting notice. The company could still appeal and remain listed for another 180 days.