Pereira enters UFC 307 as the clear favorite in his light heavyweight title defense against Khalil at tomorrow night's event in Salt Lake City, Utah. The betting lines strongly favor the champion.

UFC made history recently by hosting its first event at the Las Vegas Sphere during UFC 306, breaking both venue and UFC gate receipt records. However, Dana White has stated the promotion won't return to the Sphere, despite the venue creating a hologram of the UFC president.

In major business news, UFC and WWE completed their merger, combining two of the world's largest combat sports organizations. The deal, valued at $9.3 billion, brings professional wrestling into UFC's mixed martial arts portfolio.

Earlier this year, UFC announced a multi-year partnership with Bud Light, which sparked some controversy and calls for boycotts. In other executive news, Dana White revealed he won $26-27 million playing baccarat at Caesars.

The promotion is expanding its entertainment offerings, with White bringing slap fighting to Fontainebleau Las Vegas as an exclusive sports residency next year.

Recent headlines also included the much-discussed potential cage match between tech titans Elon Musk and Mark Zuckerberg, though the bout ultimately didn't materialize after Zuckerberg reportedly backed out.

Ontario recently reinstated UFC betting after a temporary suspension, just in time for scheduled Saturday night matches. The promotion continues to make waves in both the sporting and entertainment worlds, maintaining its position as the premier mixed martial arts organization globally.

This streamlined news update covers all major recent UFC developments while maintaining focus on the most newsworthy and relevant information for readers.

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