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Elizabeth Warren’s straggling campaign is cutting ad buys worth hundreds of thousands of dollars in key early states after bruising losses in Iowa and New Hampshire. The retrenchment follows a dismal fourth-place finish in the New Hampshire primary Tuesday, down from third place in Iowa. “We were hoping for a better result in New Hampshire,” Warren’s campaign conceded in an email to supporters Wednesday. “It hurts to care so much, work so hard, and still fall a little short.” The campaign has cut more than $300,000 worth of ads in Nevada and South Carolina, according to two advertising trackers. The…

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