Jim Cramer, the popular host of CNBC's "Mad Money" TV show, has offered a bullish three-word message on the stock of the company that will own TikTok. “Buy their stock,” Cramer said on Sept. 15, referring to the potential buyer of TikTok.

US stock futures (ES=F, NQ=F, YM=F) are largely flat as Wall Street awaits the Federal Reserve's latest interest rate decision coming out of its policy meeting later today. Experts anticipate Fed officials to cut rates by 25 basis points for the first time in 2025.

Welcome to the latest edition of “Sector Spotlight,” where The Fly looks at a new industry every week and highlights its happenings. SOCIAL MEDIA

Trump has already extended TikTok’s deadline three times since January. If the deadline goes past September 17, it will be the fourth time that Trump would be giving ByteDance more time to decide.

Also in today’s newsletter, Nvidia’s $5bn Intel investment and Japan’s central bank announces plans for $250bn ETF sale

Rep. John Moolenaar (R-Mich.), chair of the House Select Committee on the Chinese Communist Party, raised concerns Wednesday about the ongoing reliance of a potential TikTok spinoff on an algorithm from its China-based parent company as the Trump administration nears a deal on the app.

Framework deal between U.S and China may let TikTok still use ByteDance’s algorithm under license while shifting U.S operations toward American control.

China is dropping an antitrust probe into Google, as Beijing and Washington step up negotiations over TikTok, Nvidia and trade at a time of heightened tensions between the superpowers.