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Microsoft PowerPoint files can be compressed to reduce their file size, making it easier to share them via email or online. The first step is to compress all images in the presentation. Click on any image and go to the Picture Tools Format menu, then choose Compress Pictures. Leave the top two boxes checked and select Use default resolution for now, then press OK. This will lower the image resolution and reduce space usage in the file. Next, go to the File Save As menu and choose Save Options. Select the Advanced option, tick Discard editing data, and lower the Default resolution to further save space. Finally, save the presentation as a new file to create a separate PowerPoint presentation with reduced file size.