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June 29 (Reuters) - The U.S. Supreme Court on Thursday struck down race-conscious student admissions programs currently used at Harvard University and the University of North Carolina in a sharp setback to affirmative action policies often used increase the number of Black, Hispanic and other underrepresented minority groups on campuses.

The justices ruled in favor of a group called Students for Fair Admissions, founded by anti-affirmative action activist Edward Blum, in its appeal of lower court rulings upholding programs used at the two prestigious schools to foster a diverse student population.