diff --git a/CHANGELOG.md b/CHANGELOG.md
index ca19e32d1675a2..eca4137e5bb026 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,38 @@
+## Release 7.0.0-pre.20221204.2 (2022-12-09)
+
+```
+Baseline: de7b26acfdfcd9c36ec957305a889ac29f0da30e
+
+Cherry picks:
+
+   + 40846718e4f54c28fddc063b80b5ea30a82988c1:
+     Add support for crosstool feature to prefer PIC compiles even
+     for optimized binaries. This can have performance penalty, but
+     in configurations where dynamic linking is used for tests can
+     lead to a substantially better sharing of artifacts between
+     tests and binaries. In contrast to the existing --force_pic,
+     this can be enabled per crosstool and respects whether PIC is
+     available for the used crosstool.
+```
+
+Incompatible changes:
+
+  - --experimental_replay_action_out_err is not a no-op.
+  - `cquery --output=files` also outputs source files.
+  - `--incompatible_strict_conflict_checks` is flipped to true. See
+    https://github.com/bazelbuild/bazel/issues/16729 for details.
+  - `--incompatible_strict_conflict_checks` is flipped to true. See
+    https://github.com/bazelbuild/bazel/issues/16729 for details.
+  - `--incompatible_always_include_files_in_data` is flipped to true.
+    See https://github.com/bazelbuild/bazel/issues/16654 for details.
+
+Important changes:
+
+  - Fixes a bug where some compilation flags would not be applied to
+    a cc_test
+
+This release contains contributions from many people at Google, as well as Alex Eagle, aryeh, Christopher Sauer, Fabian Meumertzheim, hvadehra, Keith Smiley, Roger Hu, Ulrik Falklof, Xavier Bonaventura.
+
 ## Release 7.0.0-pre.20221123.2 (2022-12-08)
 
 ```