Business
What’s causing record high US beef prices?
A meatpacker is the plant that slaughters the animal and breaks the carcass down into the cuts that reach shops or restaurants.
Four companies – Tyson, JBS, Cargill and National Beef – control around 85% of American beef processing.
That high level of market concentration has drawn accusations of price-fixing, even from President Trump.
So you might expect that those four firms are currently making huge profits from high beef prices. Yet the opposite is happening.
Tyson, the biggest of the four, reported in May that it had lost more than $500m, external on beef in the first half of its financial year.
Again, it might be selling its beef for record highs, but it is also buying the cattle at all-time peaks.
Jamie Crumley owns one of the remaining smaller meatpackers – Harpley’s Meatpacking in central North Carolina. She says the price companies like hers have to pay for the live animals has gone up by as much as 60% over the past three years.
And while meatpacking companies have increased the prices they charge for their beef, there is a limit. This is because supermarkets, restaurants – and US consumers – can, and will, simply switch to buying chicken or cheaper imported beef instead.
Then there is the inefficiency of running the meatpacking plants at much less than full capacity. For example, Harpley’s is built to handle 425 to 450 cattle a day. But it is currently running at just 350 because it cannot get the additional animals.
The building, the line and the staff cost the same either way, so those fixed costs now spread across fewer animals. On any given day Crumley says she can lose anywhere from $100 to $400 on a single head of cattle. This helps to explain Tyson’s giant losses.
Business
Shorts, strappy tops, sandals: Can my boss tell me what to wear in summer?
Some 40% of adults considered tank tops or vest tops acceptable for women at work, compared with only 24% who said the same for men, according to Ipsos.
Natasia, a teacher in London, says at a previous school she and other staff had been summoned “regularly in the summer months to tell us off about our outfits.”
She says she was also told to cover up her tattoos. “It should be OK to have your arms out at work especially when it’s hot,” she says.
Wakeley says a well-cut camisole or strappy top can work when worn beneath a linen overshirt, lightweight jacket or tailored co-ord. On its own, however, it may feel too informal.
Chambers says if you’re wearing a strappy top “you must wear a strapless bra as it utterly kills an outfit when you can see bra straps”.
She explains that thicker straps are a safer option where the dress code is unclear and recommends satin camisoles as a more polished alternative to basic cotton vests.
She adds that while bandeau tops are “such an on-trend look this summer, they are a no-go for work”.
“The constant need to keep fiddling to pull them up displays an uncomfortable and unconfident demeanour,” she says.
Business
CAS sparks trader backlash as losses mount, Sebi holds firm
Calls for changes to the mechanism or, even a temporary rollback, have gathered pace on social media, prompting the Securities and Exchange Board of India and exchanges to convene a meeting with top brokers even as the authorities defended the framework.
The regulator is believed to have told brokers that it has no plans to change the CAS for now and urged them to encourage more traders to participate in the mechanism. An email sent to Sebi went unanswered till the time of going to print
At the centre of the controversy is the regulator’s decision to overhaul the way closing prices of 200-odd stocks in the futures and options (F&O) segment are determined, which traders say has caused unusually wide divergences between Sensex and Nifty and futures and options trades going awry.
“The biggest problem under the CAS is that traders are unable to understand what the closing prices will be because there is a lot of randomness in the system,” said Piyush Chaudhry, founder of Mumbai-based Wave Analytics.
Professional traders use factors such as order flows, liquidity, derivatives positions and historical trading patterns to estimate price directions-key to successful trading. Sharp deviations from those expectations can cause trading strategies to misfire, resulting in unexpected gains or losses.
Options traders have taken the biggest hit in the closing auction system. For traders like Aakanksha Gupta, the closing auction mechanism has put her in a blind spot as she is unable to assess where the Nifty is likely to close.”As an options seller, I rely on the live Nifty spot level to execute trades throughout the day. Since CAS was introduced, cash market trading ends at 3.15 pm , but the F&O eligible stocks continue to trade,” said Mumbai-based Gupta, a Sebi-registered research analyst. “We build strategies around the prevailing spot level, only to find the index repricing sharply when trading resumes, turning profitable positions into losses.
Both indices have witnessed rollercoaster rides in the past three days. On Wednesday, the Sensex was down 0.2% and the Nifty had fallen 0.5% at their intraday lows. At close, the Sensex ended 0.19% higher, while the Nifty closed almost flat.
“Over the past two days, we’ve seen a significant gap between the reference price during the CAS and the final indicative closing price, because large orders can influence the indicative price,” said Aditya Pachwaria, founder, Fintoric Capital.
Wild Swings
Shikha Pruthi Gupta, a Faridabad, NCR-based full-time trader, said a profitable trade at 3.15 pm can unexpectedly turn into a loss because of the lack of visibility into where the index will finally settle.
One key criticism voiced by traders is the 3% price band within which the auction price is generally allowed to move, measured on the basis of the stock’s average traded price between 3.00 and 3.15 pm.
“How can you have a +/- 3% range for stock prices in the auction process; that itself is a random number and has no connection to what the market’s behaviour was for the day,” said Chaudhry. “This methodology is highly questionable and has no statistical basis.”
Algorithmic trading has been among the biggest casualties of the new mechanism, with professional traders saying their models have struggled to anticipate the sharp and unexpected price moves seen over the past three days. This is because many algorithms were designed around historical closing price patterns rather than an auction-driven market close.
The new closing auction process lasts about 20 minutes, from 3.15 pm to around 3.35 pm. During this period, the exchange first collects buy and sell orders and then matches them to determine a single official closing price for the stock. Under the previous system, a stock’s closing price is based on the average price of trades done in the last 30 minutes, between 3 pm and 3.30 pm.
The difficulty in predicting closing prices has disrupted traders’ risk-management systems, prompting many, such as Pachwaria, Gupta and Chaudhry, to stay on the sidelines. Since many of them trade with leverage, unexpected moves near the close can magnify losses, making it harder to manage risk.
“Many traders, including me, are observing rather than trading because even algos cannot work in this environment,” said Chaudhry.
Business
Wall Street mixed amid Iran optimism, earnings concerns
The Dow has closed at a record high on signs of progress for a peace deal with Iran while the Nasdaq registered its first decline in five sessions as SpaceX and AMD stumbled following their quarterly earnings.
Business
What Residents Actually Use and What They Value Most
Amenity lists in apartment listings read like a competition to see who can name the most things. Rooftop lounge. Rock climbing wall. Yoga studio. Coworking space. Golf simulator. The words are there. The question that reviews answer actually is which ones get used, which ones hold up, and which ones look better in the brochure than in daily life.
Liberty Harbor packs in more amenities than most downtown Jersey City buildings. Here’s what residents really say about each one, pulled from reviews with actual details, not just vague praise.
The Fitness Center: The Most Consistently Positive Review Category
Year after year, the fitness center stands out as Liberty Harbor’s most praised amenity. Residents call out the solid range of equipment, clean space and reliable access during early mornings and midday on weekdays.
The catch: peak hours, especially 6 to 8am on weekdays and Saturday mornings, mean real wait times for cardio. If you need a specific machine at those times, expect a less ideal experience than those with flexible schedules.
Long-term residents agree: work out outside peak hours, and the fitness center is a real quality-of-life upgrade, arguably worth the rent premium. Need peak-hour access to specific equipment? Set your expectations or plan for a backup gym nearby.
The Pool: The Most Debated Amenity in Summer Reviews
No amenity at Liberty Harbor gets more mixed reviews than the pool. The reason is simple: it all depends on when you go.
Weekday mornings and evenings: consistently positive. The pool is accessible, the atmosphere is pleasant, and the waterfront location adds something a building’s interior pool doesn’t.
Saturday and Sunday afternoons in July and August: always crowded. If you’re banking on easy weekend pool access all summer, know this before you sign.
Here’s the reality: Liberty Harbor is big. One pool for thousands means summer weekend afternoons hit capacity. That’s not mismanagement, it’s simple math. If you use the pool early, on weekdays or off-peak weekends, your experience will be nothing like showing up at 2pm on a July Saturday.
The pool before work in summer is genuinely great. After noon on a July weekend, expect a different story. Know this before you move in.
The Yoga Studio and Group Fitness: Underused by Most, Valued by Those Who Use It
Residents who use the yoga studio and group fitness classes rate them highly. Those who don’t use them rarely mention them. In short, people who already value group fitness appreciate having it on-site. The rest barely notice.
Regulars say the schedule is reliable, instruction quality depends on the instructor, and the space works well. The real win is convenience. Not having to leave the building for a class makes weekday mornings easier.
The Coworking and Work-from-Home Spaces: A Sleeper Amenity
Liberty Harbor’s coworking and lounge spaces get more attention in resident reviews than in the listings. Once people find them, they call these spaces the building’s top amenity.
When your apartment gets noisy, or you need to focus, having a quiet, well-lit workspace downstairs beats hunting for a coffee shop or paying for coworking. Residents say the lounges are quiet, bright and have solid connectivity.
The Rock Climbing Wall: An Amenity Worth Knowing About
The rock climbing wall is one of the more unusual amenities in a residential building, and its reviews reflect that novelty. Some residents love it, many ignore it, and very few people moved to Liberty Harbor specifically because of it.
For residents who climb, or have kids who do, the wall stands out. It won’t replace a real climbing gym, but it’s a solid perk for occasional use and for families. For everyone else, it’s just part of the backdrop.
The Dog Run and Pet Amenities: Cited Frequently in Pet-Owner Reviews
Dog owners don’t mince words: the dog run and true pet-friendliness top their list of reasons to live here. The dog run is well-kept, the building actually welcomes pets, and quick access to the waterfront and Liberty State Park makes high-rise dog life far easier than most places.
For non-pet owners, this amenity category is invisible. For the significant portion of Liberty Harbor residents who have dogs, it’s one of the primary reasons they chose the community and have renewed.
The Outdoor Common Spaces and Events Programming: The Amenity That Shows Up Most in Retention
The fitness center gets the most praise, but it’s the outdoor programming and community events that actually keep residents around.
Outdoor movie nights and seasonal events do more than fill a calendar. They turn a building into a community. Residents meet neighbors at these gatherings in ways that never happen in the elevator or mailroom.
You won’t find this amenity on a floor plan. It takes time and a little initiative to discover. The residents who call it the best part of Liberty Harbor are usually the ones who found it early and kept coming back.
What to Ask About Amenities Before You Sign
A few questions worth asking during a Liberty Harbor tour that the standard amenity list doesn’t answer:
- What are the actual peak hours for the pool and fitness center, and is there a reservation system for either?
- How many residents is each building’s amenity suite designed to serve, and what’s the current occupancy?
- Is there a resident events calendar I can look at for the current and upcoming months?
- What are the coworking space hours and reservation process?
The answers to these questions will tell you whether the amenity experience will match your actual use patterns, which is what reviews are trying to tell you, and what floor plans can’t.
Liberty Harbor stands out among Jersey City waterfront communities for its amenities. Residents consistently call out the fitness center, work lounge, outdoor programming and pet facilities as highlights. The pool, though, tends to get crowded on summer weekends, so set your expectations accordingly.
In short: the amenities deliver. The outdoor community programming, while tough to capture in a listing, is a big reason people stick around.
Business
Dow Jones Climbs to Fresh Record Above 54,400 as Wall Street Rally Continues Into Wednesday This Week
NEW YORK — The Dow Jones Industrial Average opened Wednesday at 54,467.23, extending a remarkable run of record-setting sessions on Wall Street as falling oil prices, strong corporate earnings and growing optimism over a potential resolution to the Strait of Hormuz crisis continued to fuel investor enthusiasm.
The blue-chip index’s early Wednesday level built directly on Tuesday’s historic close, when the Dow surged 907.47 points, or 1.71%, to finish at 54,085.88, marking the index’s first close above the 54,000 threshold in its history. Wednesday’s opening level of 54,467.23 represented a further gain of roughly 381 points, or about 0.7%, from that record close, suggesting the rally that has defined trading over the past several sessions was carrying fresh momentum into the new trading day.
A Historic Week for Major Indexes
Tuesday’s session saw all three major U.S. stock benchmarks close at record highs simultaneously. The S&P 500 surged 1.79% to close at 7,736.52, its first record close in two months and a level that surpassed its previous closing peak set in early June. The tech-heavy Nasdaq Composite climbed 2.59% to finish at 26,584.99, powered in part by a 29% rally in Palantir Technologies shares, though the index itself remained roughly 2% below its own record high set in early June as it continued recovering from a summer slump.
The Dow’s advance Tuesday marked its second consecutive all-time high, following a close above 53,000 points for just the second time ever on Monday. That back-to-back run of records came as Amazon briefly eclipsed a $3 trillion market capitalization for the first time on Monday, before pulling back roughly 2% Tuesday after founder Jeff Bezos filed to sell approximately $4 billion worth of shares.
Oil Prices and Iran Diplomacy Drive Sentiment
A significant portion of this week’s rally has been attributed to continued declines in oil prices, driven by growing hopes that diplomatic talks involving the United States, Iran and Oman could soon lead to the reopening of the Strait of Hormuz to commercial shipping traffic. Brent crude fell to $79.11 a barrel as of early Wednesday, marking a roughly 13% decline from the prior week, as officials from the three countries reported progress in negotiations aimed at resuming oil shipments through the critical waterway.
President Donald Trump reinforced that sense of momentum, saying the strait would reopen “very soon” or Iran would be “hit very hard,” according to comments reported by CNN. The optimistic tone from Washington was complicated somewhat by Iranian state media, which reported Wednesday that any potential agreement between Iran and Oman regarding the waterway’s future had “no connection” to reopening the strait itself, illustrating the continued uncertainty underlying the diplomatic process even as markets have broadly priced in an optimistic outcome. Separately, tensions in the region remained elevated after an Indian-flagged vessel was struck and sunk by a projectile off the coast of Yemen, according to Indian authorities, though no group had been identified as responsible for the attack.
Strong Earnings Lift Individual Stocks
Beyond the macro backdrop, Tuesday’s rally was also propelled by a wave of strong corporate earnings reports. Caterpillar led gains among Dow components, surging more than 5% and surpassing its intraday record set the previous month. Cisco Systems and IBM also posted notable gains of 5.11% and 3.91%, respectively, contributing meaningfully to the index’s advance. Beyond the Dow’s 30 components, the broader technology sector jumped roughly 4% during Tuesday’s session, with chipmakers and AI-linked companies among the standout performers as sentiment toward the sector continued to rebound from earlier summer weakness.
That sector rotation has been a defining feature of markets in recent months. Through June and July, healthcare and financial stocks, sectors in which the Dow carries significant exposure, had outperformed technology shares, helping keep the blue-chip index near record territory even as the tech-heavy Nasdaq struggled with a summer slowdown. In August, however, technology shares have staged a notable comeback, rising nearly 7% for the month even as broader debate continues among investors over which companies stand to be the ultimate winners and losers from the ongoing artificial intelligence investment boom.
A Busy Day for Earnings Ahead
Wednesday’s session arrived with investor attention split between the continued momentum in oil prices and Middle East diplomacy on one hand, and a fresh slate of high-profile corporate earnings on the other. Disney, Shopify and Kimberly-Clark were among the major companies scheduled to report quarterly results Wednesday, adding to an already earnings-heavy stretch of the summer reporting season that has helped drive much of the market’s recent momentum.
That earnings-driven momentum followed a similarly eventful Tuesday, when SpaceX delivered its first results as a newly public company alongside a strong quarterly report from AMD, both of which drew significant investor attention given their ties to the broader AI infrastructure buildout that has dominated market narratives for much of the year.
Caution Amid the Rally
Despite the historic run of record closes, some market strategists have cautioned that the pace of recent gains raises questions about how sustainable the rally can be in the near term, with attention turning to whether fewer individual stocks participating in new highs could signal underlying fragility even as headline indexes continue climbing. Options market positioning has generally remained bullish, according to recent market commentary, though analysts have noted that narrowing market breadth during a rally can sometimes precede periods of consolidation or pullback.
With Wednesday’s session already building on Tuesday’s historic close, investors are likely to continue closely tracking developments in the Strait of Hormuz negotiations, given how directly oil price movements have been tied to this week’s broader market sentiment. The continued flow of second-quarter corporate earnings, alongside any further updates on U.S.-Iran diplomacy, is expected to remain the dominant driver of trading in the sessions ahead as Wall Street works to determine whether the current record-setting run can be sustained into the latter half of the summer.
Business
Walgreens store closures continue across the U.S. in 2026: reports
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Walgreens is continuing to close underperforming stores in 2026, although the pharmacy chain is reportedly planning fewer closures than previously projected.
The company is expected to close fewer than 100 stores in 2026, down from earlier internal projections of roughly 700, Inc. reported.
Walgreens announced in October 2024 that it intended to shutter approximately 1,200 underperforming stores over three years as part of a broader turnaround effort.
At the time, the company said it expected to close about 500 stores during fiscal 2025, primarily targeting locations that were generating negative cash flow, according to Reuters.
WALGREENS TO CLOSE CHICAGO STORE AFTER LOSING OVER $1M DUE TO RAMPANT THEFT, FALLING SALES

A Walgreens store March 6, 2025, in Mill Valley, Calif. Walgreens is reportedly continuing to close underperforming stores in 2026. (Justin Sullivan/Getty Images)
The closure strategy was reportedly scaled back after Walgreens went private in 2025, according to Inc.
Walgreens continues to operate thousands of stores across the U.S. and remains one of the country’s largest pharmacy chains.
CVS OFFERS NEW PHARMACY OPTION FOR PET OWNERS

People shop at a Walgreens Nov. 6, 2025, in the Brooklyn borough of New York City. Walgreens announced in October 2024 that it intended to shutter approximately 1,200 underperforming stores. (Spencer Platt/Getty Images)
The company confirmed to USA Today that the following locations have recently closed or are scheduled to close. The closures were previously reported by Inc., local news outlets or Walgreens’ website:
- District of Columbia: One Washington location
- Illinois: Two Chicago stores and one Rockford location
- Missouri: One store in Bridgeton and another in St. Louis
- New Jersey: One Bogota location scheduled to close Aug. 6
- New York: One Brooklyn location
- South Carolina: One Beaufort location scheduled to close Aug. 6
- Texas: A Houston distribution center
- Virginia: One Arlington location
- Washington: One Seattle location
- Wisconsin: One Milwaukee store
One of the Chicago closures highlights the financial and operational pressures behind some of the company’s decisions.
CVS, WALGREENS PULL BACK COVID VACCINES IN MORE THAN A DOZEN STATES FOLLOWING NEW GUIDELINES

Walgreens continues to operate thousands of stores across the U.S. (Christopher Dilts/Bloomberg via Getty Images)
Walgreens announced earlier this year it was closing its location near 86th Street and Cottage Grove Avenue in Chicago’s Chatham neighborhood after the location struggled with declining prescription sales and elevated levels of theft.
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“I’m here today because we’re closing the store at 86th and Cottage Grove. But I just want to make sure everyone understands closing stores [is] not our goal. This is the last resort,” Walgreens regional Vice President Reginald Johnson said in May, according to FOX 32 Chicago.
Walgreens could not immediately be reached by FOX Business for comment.
FOX Business’ Eric Revell contributed to this report.
Business
Nikita Bier steps down as X product chief after one year

Nikita Bier steps down as X product chief after one year
Business
BeOne Medicines DRC earnings beat by $2.29, revenue topped estimates

BeOne Medicines DRC earnings beat by $2.29, revenue topped estimates
Business
Thailand Update: Key Highlights in Economic Trends and Financial Policy
Economic Indicators and Financial Policy
Thailand’s economy shows signs of cautious stability, with the central bank confirming broadly steady growth in June. However, structural challenges persist: only 5 million filers pay income tax despite 21 million Thais remaining off the books, raising questions about tax base sustainability compared to Nordic countries’ compliance rates.
On a positive note, Thailand is moving closer to removal from the U.S. Treasury’s currency monitoring list, a development that could ease trade tensions and improve economic flexibility. The country also recorded a current account deficit of $3.5 billion, while automakers have cut 2026 output targets amid weakening export demand. Meanwhile, the “Thais Help Thais Plus” initiative has generated over 86 billion baht in economic circulation within just two months, demonstrating domestic stimulus effectiveness.
Regional Diplomacy and Border Tensions
Thailand has taken a firm stance in disputing claims made by a UN special rapporteur regarding the Cambodia conflict, with officials pushing back on the international body’s characterization of the situation. This diplomatic friction comes amid broader concerns about the Thailand-Cambodia border, where analysts argue that clearly defining boundaries is essential for achieving lasting peace between the two nations. Adding to regional complexities, Cambodian jobseekers have expressed fears over potential debt traps as Thailand reinforces border security measures, highlighting the human cost of geopolitical tensions.
The situation has also drawn attention to Thailand’s broader foreign policy positioning. Some analysts suggest that Donald Trump’s diplomatic approach is inadvertently pushing Thailand closer to China, while others argue the U.S. is missing a strategic opportunity in the region.
Tourism and Infrastructure Development
Tourism remains a cornerstone of Thai economic strategy, with the government racing to launch three low-season travel schemes to boost visitor numbers year-round. According to a Thailand Business News report, the country has unveiled its 2027 Action Plan targeting high-value tourism growth, signaling a strategic shift toward premium travel experiences rather than volume-based tourism.
Complementing this push, Thailand is promoting the “Thailand Riviera” coastal drive and has launched 10 new hiking schools focused on responsible forest tourism. Bangkok has also announced plans for a $29 million pedestrian bridge connecting historic river districts, reflecting continued investment in urban infrastructure. Interestingly, some Australian travelers are reportedly shifting toward alternative Asian destinations, suggesting emerging competition in the regional tourism market.
Public Safety and Security Concerns
Thailand has faced several high-profile security incidents this period. A devastating fire at a Bangkok pub killed at least 27 people, marking one of the deadliest such incidents in recent memory. Separately, authorities confirmed that suspects have confessed to killing two Russian siblings who had disappeared in Thailand, with the case expanding to reveal confessions to additional murders. The key suspect who exposed this serial-murder network is now under witness protection.
In southern Thailand, a checkpoint attack claimed the lives of five soldiers, underscoring ongoing security challenges in the region. Additionally, a Malaysian national suspected of leading a human-trafficking ring was apprehended in Thailand after allegedly attempting to bribe officials with “coffee money.”
Human Rights and Press Freedom
Thailand faces mounting scrutiny over its human rights record, particularly concerning online attacks against rights defenders, which Human Rights Watch has called on authorities to investigate. The country is also under pressure regarding the case of journalist Bai Zhaodong, with international organizations urging Thai authorities to halt his forcible return to China, citing fears of persecution.
Climate and Environmental Developments
Meteorologically, Thailand is bracing for significant weather events, with forecasts warning of a “Super El Niño” expected to arrive next year, alongside heavy rain and flash-flood warnings currently affecting multiple regions. While Typhoon Dolphin bypassed Thailand, it has intensified the ongoing monsoon trough, bringing additional rainfall across the upper regions of the country.
On a more academic note, paleontologists have identified a new giant dinosaur species in Thailand—a mamenchisaurid sauropod larger than a Diplodocus—discovered in the Lower Phu Kradung Formation, adding to the country’s scientific significance.
Sports and Cultural Milestones
Thailand’s sporting achievements have also made headlines, with the national volleyball team winning the SEA V Cup after defeating host nation Vietnam in straight sets. In football, Thailand has taken control of Group B in ASEAN Championship play, defeating Malaysia and creating a competitive dynamic that could impact Malaysia’s tournament prospects.
Looking ahead, MotoGP has confirmed Thailand as the 2027 season opener for the third consecutive year, reinforcing the country’s status as a premier motorsport destination.
Technology and Innovation
Thailand is positioning itself as a regional technology hub, unveiling the “Siam Silica” plan to drive semiconductor manufacturing capacity. The country has also signed five agreements with China to develop future industries, while simultaneously leading regional peers in digital trust rankings—a notable achievement as digital economies expand across Southeast Asia.
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Business
UFC 331 Adds Brian Ortega vs. Renato Moicano Rematch to Stacked September Fight Card Set for This Fall
A lightweight rematch nearly a decade in the making has been added to UFC 331, with Brian Ortega set to face Renato Moicano on Sept. 19 at Crypto.com Arena in Los Angeles, bringing renewed attention to a rivalry that dates back to one of the promotion’s most memorable fights of 2017.
MMA journalist Leo Guimaraes was first to report the booking, writing on social media that the Moicano-Ortega rematch was in advanced negotiations for the card. Multiple outlets have since confirmed the matchup is set, adding another marquee bout to an already stacked lineup that has been steadily taking shape over the past several weeks.
A Fight Nine Years in the Making
Ortega and Moicano first met at UFC 214 in July 2017, a bout that earned Fight of the Night honors and remains one of the more dramatic finishes of either fighter’s career. Moicano appeared to be winning on the scorecards through the early rounds before Ortega locked in a guillotine choke late in the third round, submitting the Brazilian and handing him the first loss of his professional career.
Nearly a decade later, the two veterans will run it back, though the circumstances surrounding the rematch have shifted considerably. Their first meeting took place at featherweight, but September’s bout will be contested at lightweight, marking Ortega’s official move up to 155 pounds after years of struggling to make the featherweight limit.
A Difficult Road to the Rebooking
This will not be the first attempt at staging the rematch in 2026. The fight was originally planned for UFC 326 earlier in the year before Ortega withdrew for undisclosed reasons, pushing the matchup back until UFC officials were able to rebook it for September’s card in Los Angeles.
Ortega’s path to this rematch has been marked by significant difficulty in recent fight camps. He pulled out of a scheduled bout against Diego Lopes ahead of UFC 303 before the two eventually met months later at UFC 306. He then struggled to make weight ahead of a bout against Aljamain Sterling at UFC Shanghai, forcing that contest to be shifted to a catchweight affair. Ortega lost that fight decisively, getting outworked across five rounds, extending a stretch in which he has now dropped four of his last five outings. The repeated weight-cutting issues ultimately factored into the decision to move him up to lightweight on a permanent basis, a shift being framed less as an experiment and more as a practical reset for the 35-year-old former two-time featherweight title challenger.
Moicano, meanwhile, enters the rematch in considerably stronger recent form. The 37-year-old, who moved up to lightweight permanently several years ago after spending his first eight UFC appearances at featherweight, snapped a two-fight losing skid in his most recent outing by submitting Scottish contender Chris Duncan in the main event of UFC Vegas 115. That performance has left Moicano positioned as a betting favorite heading into the September rematch, according to analysts who have pointed to his sharper recent form inside the Octagon compared to Ortega’s extended rough patch.
What’s at Stake for Both Fighters
For Ortega, a win in his lightweight debut would provide a ranked start in a new weight class following a rocky final stretch at featherweight, offering a potential career reset against a well-regarded opponent. For Moicano, the fight represents both an opportunity to protect his standing in the lightweight rankings and a chance to finally even the score in a rivalry that has sat unfinished since 2017.
A Growing Card in Los Angeles
UFC 331 has continued to take shape as a heavily anticipated numbered event, with the Ortega-Moicano booking joining a rumored lightweight rematch between former interim champion Charles Oliveira and Arman Tsarukyan for the BMF title, widely expected to headline the card. Additional bouts reported for the lineup include Charles Jourdain against Marlon Vera, Ryan Gandra against Ozzy Diaz, Dooho Choi against Patricio Freire, and a women’s flyweight matchup between Eduarda Moura and Casey O’Neill.
As of the latest reports, the UFC had not yet formally announced an official main event or co-main event for the card, though the presence of multiple ranked and former title-challenging fighters across the lineup has already generated significant buzz among fans and analysts ahead of the September date.
A Familiar Venue for a Historic Rivalry
Crypto.com Arena, formerly known as Staples Center, has hosted numerous high-profile UFC events over the years and is set to once again serve as the backdrop for a fight carrying significant personal stakes for both competitors. The venue’s history with major UFC cards adds to the anticipation surrounding a bout that many fans have wanted to see rebooked since Ortega’s dramatic 2017 finish first launched the rivalry between the two veterans.
With UFC 331 still roughly six weeks away, additional bouts are expected to be added to the card in the coming weeks as the promotion continues finalizing its lineup for the September event. For now, the confirmed pairing of Ortega and Moicano stands as one of the most compelling storylines on the developing card, offering fans a chance to see whether Moicano can finally settle the score against the man who handed him his first career loss, or whether Ortega can use the rivalry as a springboard to reestablish himself in a fresh weight class after a difficult stretch at 145 pounds.
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