NEWSFLASH: Lance Armstrong drops fight against US Anti-Doping Agency drug charges that he used performance-enhancing drugs during his cycling career. Lance Armstrong will be stripped of his seven Tour de France titles and will be banned for life from the sport, the USADA said.
Armstrong said that the USADA cannot strip him of his titles, but the agency maintains that it can. Nike, one of his sponsors, released a statement saying they will stand by the athlete.
The USADA says Armstrong used banned substances dating to 1996, including the blood-booster EPO and steroids, as well as blood transfusions. Armstrong sued in federal court to block the charges but lost, NBC Sports reports. (http://t.co/zDpcdw1D)