NEW YORK ( TheStreet) - Wal-Mart ( WMT) may be getting healthier.

The discount giant is expected to announce a new initiative on Thursday offering healthier food options at cheaper prices.

The New York Times reported that Wal-Mart plans to create thousands of packaged foods that have less salt and unhealthy fats, and also plans to lower prices on fruit and vegetables.

First Lady Michelle Obama is expected to attend the Wal-Mart announcement today, the Times said.

-- Written by Jeanine Poggi in New York.

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