Bitcoin retreats, Nippon Steel–US Steel deal in limbo, Volvo Cars

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Market Domination co-host Josh Lipton tracks today's top stories and stocks in this Market Minute.

Bitcoin (BTC-USD) pulls back from recent highs above $111,900 amid the market downturn.

Nippon Steel's (NPSCY) planned acquisition of US Steel (X) continues to hang in the balance, though the company's talks with the US government are reportedly in the final stage.

Meanwhile, Volvo Cars (VOLCAR-B.ST) stock falls after the automaker warned that customers may bear the brunt of looming tariff-related cost hikes.

Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.

00:00 Speaker A

It's time for Yahoo! Finance's market minute stocks sliding to end the week as President Trump threatens new tariffs on Apple and the EU. Bitcoin dropping from its highs of north of $111,900, the cryptocurrency retreating amid the overall downturn in the markets following those tariff threats from Trump. Bitcoin has seen a monster rally though over the past month gaining more than 40% since its April low. Nippon Steel's takeover of US steel hanging in the balance. The Japanese steelmaker awaiting Trump's final decision, the President of Nippon Steel saying in a press conference that its talks with the US government are in the final stage according to Nikkei Asia. And shares of Volvo cars, they're sliding following a tariff related warning, the company's CEO saying customers may have to pay a large part of the tariff related cost increases. That's according to Reuters. And that's your Yahoo! Finance market minute. For more what's trending on Yahoo! Finance, scan the QR code below.