Bungie released Nightfall Refresh on October 6th. Update 1.1.9.2 resets Runner, Cradle and faction levels, Priority Contracts, rank, storage contents and zone access.
Marathon owners have access to the new NuCaloric Reward Pass at no additional cost or time limit. Sponsored Perimeter is scheduled for October 8-12, and Cryo Archive returns October 15 with a Thursday-Monday schedule. In solo playlists, UESC damage to players has been reduced by 20%. The next stage, Symbiosis, is scheduled for December 8th: Bungie promises permanent PvE, the Perimeter expansion and the Bishop Runner shell. These December features should not be considered part of the already released October update. Before your first run after the update, check your Vault contents and available contracts again: your previous progression route may have depended on levels that have now been reset. The full list of changes includes additional weapon and economy tweaks; for a particular build, check the corresponding paragraph in the official notes.
Sources and checks
Bungie: Marathon Nightfall Refresh and Update 1.1.9.2 · Bungie / Steam
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