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Story Title:
Armstrong steps down as Livestrong chair, Nike drops contract

Story Summary:
Lance Armstrong is stepping down as chairman of his Livestrong cancer-fighting charity based here in Austin. The announcement Wednesday morning comes after the U.S. Anti-Doping Agency released a report detailing allegations of widespread doping by Armstrong and his teams last week. Nike officials also announced Wednesday that the sportswear company is dropping Armstrong as a spokesman, citing “seeming insurmountable evidence” that the once world renowned bicyclist used performance enhancing drugs.
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