Less than 1: AM Edition, July 10

This morning on Less than 1: Judge Dolly Gee hears motions to dismiss key claims in Sable's suit against Santa Barbara County over pipeline permit transfers. Also: a new federal rule requires college programs to show graduates out-earn non-college workers or lose financial aid, Chicago Law bans phones and laptops from first-year classes to combat AI, and stablecoin issuer Circle wins federal approval to operate as a trust bank. Stories mentioned in this episode: (NPR) Under a new federal rule, colleges must leave grads better off or lose financial aid https://www.npr.org/2026/06/30/nx-s1-5835631/turner-camhi-do-no-harm-college-loans (Reuters) Chicago Law bans phones and laptops from first-year classes to combat AI https://www.reuters.com/legal/legalindustry/chicago-law-bans-phones-laptops-first-year-classes-combat-ai-2026-07-09/ (CNBC) Stablecoin issuer Circle just got the greenlight to operate as a bank. The shares are up 5% https://www.cnbc.com/2026/07/10/circle-gets-an-occ-bank-charter-as-stablecoin-competition-heats-up-shares-surge-14percent.html