Ukraine's military has conducted a rare, mass casualty attack deep into central Russia. Long-range drones reached Tatarstan, which lies some 1,200km (or about 750 miles) east of the Ukrainian border.
The strikes killed 13 people and wounded at least 75 in what's widely being called one of the most deadly single attacks launched on Russian territory by Ukraine throughout the war.
via Reuters"According to the latest information, 13 people have been killed and 75 wounded as a result of the drone attack," on the city of Nizhnekamsk, the Tatarstan region's press service indicated Monday.
Nizhnekamsk is an important oil refining hub, and also has a major petrochemical plant, and there have been reports of thick smoke rising above an oil facility near the city. NBC notes that "Ukraine’s General Staff said its forces struck a Taneco oil refinery in Nizhnekamsk, starting a fire."
According to more details in regional media:
Radmir Belyayev, the mayor of the industrial city of Nizhnekamsk, said drones targeted both civilian and industrial sites during the attack. Besides the more than a dozen fatalities, which included one child, regional authorities said more than 70 people sought medical attention.
Unverified reports said the Nizhnekamskneftekhim petrochemical plant, which produces synthetic rubber and plastics, was hit during the overnight attack.
Hundreds of drones crossed Russia's skies overnight, with the military saying it shot down 456 Ukrainian drones fired overnight.
Ukraine's President Zelensky stated Sunday night, "We do deliver entirely justified responses, and every Russian strike will be met with our response. Russia’s war will be felt more and more at their own home — in Russia."
He added: "The only reason this is still continuing is Russia's unwillingness to end this war." Currently there appear to be no negotiations happening, even after the White House signaled it would seek to renew diplomatic efforts toward ending the war."
And Ukraine's General Staff has warned, "The Armed Forces of Ukraine will continue systematically implementing measures aimed at bringing the Russian Federation’s armed aggression to an end."
At this point, there are hundreds of drones sent on Russia each night, which Ukraine describes as retaliation for heavy Russian ballistic missile attacks on its cities.
BREAKING:
Ukrainian long-range drones have struck Russia’s 3rd-largest oil refinery
Tatneft’s TANECO refinery in Nizhnekamsk in the Tatarstan region has a refining capacity of 17 million tons of oil per year. Only Omsk (22 million) and Kirishi (20 million) have more. pic.twitter.com/Jt1h6KuVmv
In Ukraine overnight, at least five people were reported killed in a Russian artillery strike in a village in the northeastern Kharkiv region.
Additionally, while Ukraine's repeat large drone waves on central Russia and even the Moscow region have driven headlines, much less attention has been paid to the emerging and renewed Black Sea war. Moscow seeks to sever military supply routes and disrupt arms shipments bound for Ukraine, but this has also obviously resulted in damaged and sunken tankers, auxiliary vessels, and even deaths of civilian bystanders among international shipping crew.
Tyler Durden Mon, 08/10/2026 - 09:30Archer Aviation shares surged in premarket trading after The Wall Street Journal reported that Boeing had agreed to take a nearly 20% stake in the eVTOL startup as part of a deal that transfers control of its autonomous flying-taxi venture, Wisk Aero, to Archer.
Archer will acquire Wisk, air-traffic software provider SkyGrid, and drone manufacturer Insitu. The 737 maker will receive warrants, gain the right to nominate a director to Archer's board, and retain access to Wisk's autonomous-flight technology. The transaction is expected to close later this year.
Brian Yutko, Boeing's vice president of Commercial Airplanes product development, told CNBC that the deal "allows Wisk, SkyGrid and Insitu to accelerate capability development and time to market while ensuring Boeing capitalizes on its investments in these technologies over the past two decades through continued development in our core businesses."
For Boeing, the transaction marks another divestiture under CEO Kelly Ortberg as the planemaker focuses on strengthening its core commercial-aircraft and defense businesses. Boeing previously invested $450 million in Wisk and has spent more than a decade developing its autonomous electric-flight technology.
For Archer, the deal strengthens its position in developing eVTOLs and the networks needed to support them. Insitu also helps Archer expand its military portfolio.
Archer CEO Adam Goldstein told CNBC that the deal "is the next big step forward in becoming a diversified platform, rapidly growing our revenue base and bringing scale to our business."
Shares of Archer jumped 20% in premarket trading. As of Friday's close, the stock was down 25% year to date. Short interest represents 15% of the float, equivalent to about 95 million shares.
The deal provides further evidence of Ortberg's turnaround plan to return Boeing to profitability, suggesting that efforts to streamline the aerospace giant could lead to additional divestitures.
Tyler Durden Mon, 08/10/2026 - 09:00With AI capital expenditures exploding to $1 trillion this year, the financing mix is beginning to shift from free cash flow and debt toward equity.
Among the megacap hyperscalers, Alphabet has been the most aggressive in tapping the equity market (read report), while Microsoft, Amazon, and Meta continue to rely primarily on cash flow, debt, leases, and structured financing.
Intel is set to join the broader AI infrastructure complex in tapping equity markets, announcing in a press release Monday morning that it plans a $15 billion underwritten public offering of common stock to bolster its balance sheet and help fund investments across AI compute, custom silicon, advanced packaging, external foundry services, and the emerging physical-AI economy.
More color:
Intel intends to use the net proceeds from the offering for general corporate purposes, which may include, but are not limited to, capital expenditures and working capital. The offering is intended to further enable Intel to pursue the growth opportunities ahead while maintaining a strong balance sheet and its commitment to an investment-grade rating.
Worth noting: An underwritten public offering is not the same as an ATM program that allows shares to be sold "from time to time." Today's announcement is merely a proposed offering, but the shares have not yet been priced or sold. Pricing and closing will follow, subject to market conditions.
Underwriters are expected to receive a 30-day option to purchase up to $2.25 billion of additional shares, potentially increasing the offering to $17.25 billion. JPMorgan, Goldman Sachs, Morgan Stanley, and Citigroup are acting as joint bookrunners.
The proposed offering comes as Intel shares have risen more than 175% year to date through Friday's close. Shares slipped 3% on the news earlier Monday.
Next year, Goldman expects hyperscalers' capital expenditures to top $1.4 trillion.
Hyperscalers have a free-cash-flow problem...
"You are here" - only MSFT has positive free cash flow now pic.twitter.com/YqoHQYOIAb
— zerohedge (@zerohedge) August 6, 2026This suggests that AI companies will aggressively tap not only equity markets but also debt markets to fund this infrastructure buildout.
Tyler Durden Mon, 08/10/2026 - 08:45