Kellogg to drop Phelps over pot picture (AP)

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Kellogg Co. said Thursday that it will drop its endorsement deal with Olympic swimmer Michael Phelps following his acknowledgment he inhaled from a marijuana pipe. The 23-year-old swimming star has apologized for his "regrettable" behavior and "bad judgment" after a photo appeared Sunday in the British tabloid News of the World that showed Phelps inhaling from a marijuana pipe.

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