Good morning, CIOs. The ability to scale and introduce new features is one of the major factors driving Nasdaq's push to move all 28 of its markets to the cloud within the next decade. It is a potential benefit that was hammered home earlier in the pandemic, as Brad Peterson, the New York-based company’s chief technology and information officer, tells CIO Journal's Sara Castellanos.

In March, messaging traffic surged amid increased demand for orders, quotes, trades and other market data. Nasdaq’s data warehouse for the U.S. and Canada had earlier migrated to Amazon Web Services from its own data centers and the cloud was able to handle the increase in traffic. The Nasdaq Stock Market, hosted on the company’s own data centers, proved more challenging. “It just demonstrated how much more difficult it is to [add] capacity when you’re relying on a traditional infrastructure versus cloud,” he said.

CEO buy-in. Mr. Peterson says he and Chief Executive Adena Friedman meet every two weeks with various business units and cross-functional groups to make sure their cloud efforts are accelerating. The cloud can be scalable to any level of activity and accessible by users from anywhere in the world, Ms. Friedman said in an April earnings call. “We view that to be even more critical in a world that likely considers a much wider spectrum of business continuity scenarios than it ever has before."

On Denny's, gaming and leather jackets. For Nvidia Chief Executive Jensen Huang, the landmark bid for Arm Holdings from SoftBank Group cements his ambition to supplant Intel. Such lofty ambitions came from rather humble beginnings, as the WSJ's Asa Fitch reports.

Microsoft lost out on TikTok. What comes next? Satya Nadella staked Microsoft's future on courting enterprise customers after he took the top job in 2014. With growth in its wildly successful cloud business slowing, bets are on that Mr. Nadella is on the hunt for new customers and users, people close to the company tell the WSJ's Aaron Tilley. “Anything that could drive a long-term growth story or positive disruption story is on the table,” said Mark Moerdler, a senior research analyst at Bernstein Research.

FTC preparing possible antitrust suit against Facebook. The case preparations come after the Federal Trade Commission has spent more than a year investigating concerns that Facebook has been using its market position to stifle competition. The WSJ reports that if the company were to lose an antitrust case, the FTC could seek a range of remedies from restrictions on how Facebook operates to breaking off pieces of its business. No final decision has been made on whether to sue Facebook.

Making money making offices safe. Apps to guide office traffic, sensors that detect when to call in the cleaners, germ-repelling paint and plant-bedecked partitions are among the growing array of products and services aiming to virus-proof workplaces, the WSJ's Ruth Bender reports.

Towards a workplace safety tech stack? “All startups I keep track of are suddenly stopping what they’re doing and are creating Covid solutions,” says Charles Reed Anderson, a property technology consultant. The risk, he said, is that building owners find themselves with even more different technology platforms to manage in an already fragmented market.

Cloud-based data management Snowflake to enter hot IPO market. The company, which offers businesses cloud-based data management, priced its IPO at $120 a share for a valuation of roughly $33 billion. Snowflake is set to begin trading on the New York Stock Exchange under the symbol SNOW on Wednesday.

A deluge. Through the end of last week, companies listing in the U.S. have raised more than $78 billion in their IPOs, on pace for one of the biggest money-raising years for new issues since the tech boom of 2000, according to Dealogic. (WSJ)

Justice Department probes electric-truck startup Nikola. Federal prosecutors are probing allegations that Nikola misrepresented progress it made in developing key technology core to releasing new models. The company, which went public in June, hasn’t sold any trucks yet. (WSJ)

Apple shows off new devices. Apple typically introduces new iPhones come September, but the focus was on wearables, tablets and services at a virtual launch event held on Tuesday, the Wall Street Journal’s Tim Higgins reports. The devices include the Watch Series 6 and a faster iPad Air. Apple also appears to be trying to tap into that Peloton pandemic magic, announcing Fitness+, a streaming service that offers online workouts and helps users track and improve performance.

Amazon beefs up air logistics. Amazon added nine planes to its Amazon Air fleet between May and June, bringing its fleet up to about 70 planes. The company expects to have more than 80 planes by 2021. (CNBC)

YouTube Tests TikTok-like service in India. YouTube Shorts is designed to create 15- second videos similar to Bytedance Ltd.’s TikTok. India has banned many Chinese apps, including TikTok, citing security concerns. (BBC)

New coronavirus cases in the U.S. rose to 52,081 from about 34,000 a day earlier, as wildfires in some Western states and an approaching hurricane in the Southeast opened potential pathways for the virus to spread further. (WSJ)

Hurricane Sally strengthened again as it churned closer to the U.S. Gulf Coast, threatening Alabama, Mississippi and the Florida Panhandle with powerful winds, heavy rains and widespread flooding. (WSJ)

Federal Reserve officials continue discussions about how to detail plans to support the economy now that they have adopted a strategy to keep interest rates lower for longer. (WSJ)

A report from House Democrats reveals details of how Boeing design errors, lax government oversight and lack of transparency by the plane maker and regulators set the stage for two fatal 737 MAX crashes. (WSJ)