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Sept. 23 (Bloomberg) — U.S. stocks fell, with the Standard & Poor’s 500 Index headed for a third day of losses, as a government crackdown on tax-saving mergers sent drugmakers with pending cross-border deals lower.

The S&P 500 lost 0.3 percent to 1,989.27 at 9:30 a.m. in New York. The Dow Jones Industrial Average fell 44.44 points, or 0.3 percent, to 17,128.24.

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