PRESS DIGEST-New York Times business news - July 10
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July 10 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Competing for strained consumers, America’s grocery stores are cutting prices on some key products. Walmart, WMT.O the nation’s largest retailer, said it would lower the price of ground beef rolls, fresh corn, cherries, potato chips and Coca-Cola as part of a slew of summertime discounts.
- Huge bets on artificial intelligence and an open regulatory environment have fueled one of the biggest six-month booms in deal-making in years. Through the end of June, there were about $3.2 trillion in global deals, a 45 percent jump from a year earlier, according to Dealogic, a data provider.
- The new Air Force One, which U.S. President Donald Trump flew on earlier this week to Turkey, lacks the same defensive countermeasures that were security features of the old model, including its advanced antimissile capabilities.
- Volkswagen VOWG.DE said Thursday that it would cut the number of models it offered by as much as half to reduce costs and better compete with Chinese companies.
