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US financial & news review: Equities drop after FOMC recap while biofuels are in the news

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US equity markets had a volatile trading session, surrendering handsome gains into the final stages of trading. Another action on imports of biodiesel from Argentina and Indonesia has come from the US Department of Commerce while Sen. Ted Cruz (R-Texas) is keeping up his push for reform of US biofuel policy, this time making his case to a sympathetic audience.

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