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Ryan Lochte sets world record in 200 IM

Updated: July 28, 2011, 4:47 PM ET
Associated Press

SHANGHAI -- Michael Phelps knew it would take a world record to win the 200-meter individual medley at the world championships. He just thought it would come from him.

Instead, Phelps found himself on the losing end of a close finish Thursday, watching teammate Ryan Lochte celebrate the first world record set since high-tech bodysuits were banned 1½ years ago.

It was Phelps' second straight loss to his good friend, who had beaten the 14-time Olympic gold medalist in the 200 freestyle ...

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