Olympic medals aren’t the only awards being handed out today. U.S. challengers BMW Oracle took home the 33rd America’s Cup this afternoon, after beating Swiss team Alinghi in the second race of the best-of-three series. During the race off the Spanish port of Valencia, the futuristic trimaran owned by software mogul Larry Ellison beat Alinghi by more than a kilometer. The win comes after two years of legal wrangling between Ellison and biotechnology billionaire Ernesto Bertarelli over America’s Cup rules, and 18 years after the United States’ last win.
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