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PowerPoint allows adding various content to slides, including links. By clicking on the insert tab, then hyperlinks, a link can be added to a file on the computer or a website online. The link can be typed with corresponding text, and upon clicking, it opens in a web browser. Additionally, links within the presentation can be created for easy navigation to specific parts of the slides. Typing a title for the link and pressing ok inserts it into the presentation, allowing for quick access to different sections.