A majority of U.S. and U.K. grocery shoppers are cutting back on the quantity of food they buy as a result of higher prices, a Relex survey suggested. “Consumers are making highly individualized decisions based on price, health goals, value and household priorities. What’s interesting is that while shoppers are pulling back in some categories, they continue to prioritize fresh groceries,” said Relex exec Laurence Brenig-Jones (more).

Tesla delivered a total of 480,126 vehicles during its second quarter, beating analyst expectations of 406,600 deliveries. Despite this, Tesla’s share price tumbled by as much as 7.5% on July 2, the third time that’s happened in a row upon the automaker issuing its quarterly delivery reports (more).

Jersey Mike’s has filed for an IPO after its comparable sales improved by 50% from the time frame spanning 2020 through 2025. Jersey Mike’s is the second-largest sandwich chain in the U.S. with almost 3,300 locations, coming second only to Subway (more).

Sony announced that it is ending physical disc production for games releasing on PlayStation consoles, coming into effect in January 2028. The move signals a potential end to physical media in the mainstream video game space, angering collectors despite the majority of game sales now being digital (more).

Amazon is increasing its push to roll out AI tools to Amazon Web Services (AWS) clients, providing $1 billion in funding to embed engineers with customers to help integrate customer data sets and operational needs with existing AI infrastructure (more).