Between Two Summer Offers

I got an exploding summer internship offer in sales and trading from a middle market bank on the east coast. I accepted the offer, then got another offer (out of nowhere) the day after from another east coast middle market bank that holds considerably more weight. I'm set on the second offer, just trying to figure out how to get out of the first one now without pissing anyone off or letting it hurt me down the line. Any suggestions?

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