this is business live from bbc news with ben thompson and samantha simmonds. fuelling america's opioid addicition. the drugmakerjohnson & johnson is fined $500 million — in the biggest case of its kind. live from london, that's our top story on tuesday 27th august. johnson &johnson‘s share price soars after being hit with the massive fine — we'll explain why. also in the programme. g7 leaders have headed home — but did the summit really make progress on the key issue of global trade? how much optimism

is there for change? and markets look like this at the open in europe — we'll get an expert view on what to watch this week. and we'll be getting the inside track on a fashion brand that gives its profits back to the countries that makes its fabrics. today, we want to know if you believe optimism is the key to a longer life, following a survey that states just that. let us know — just use the hashtag #bbcbizlive. that survey suggests we have more chance of living to the age of 85 if we are a glass half full kind of person. hello, and welcome to business live. a so—called landmark ruling in the us opioid crisis has been handed down to drugs giantjohnson & johnson by a judge in oklahoma. the company was ordered to pay

$572 million for its role in the crisis, which is more than double what other firms have already shelled out. oxycontin—maker purdue pharma settled with the state for $270 million. and there was an $85 million settlement with israeli—owned teva pharmaceutical industries announced earlier this year. around 2,000 other lawsuits related to the opioid crisis are awaiting trial on a federal level — that's due to head to court in october. now, shares injohnson &johnson rose about 5% after the verdict. that's because the fine is fraction of the multi—billion—dollar settlement the prosecution was seeking. the company says it will appeal against the ruling. samira hussain has more from new york. thejudge in oklahoma said johnson & johnson was responsible for fuelling the opioid crisis but the company was only fined $572 million,

just a fraction of the $17 billion the state of oklahoma was asking for. in a brief statement made by the judge, he indicated the fine being levied on the company was the maximum amount he could force them to pay. lawyers for the drugmaker argued that physicians knew the risks associated with opioids, that abusing the drug could lead to overdose and death. ultimately, though, it was the state's argument that the aggressive marketing tactics helped to flood the market with drugs, leading to thousands of overdose deaths over the past decade in oklahoma alone. this court case is being closely watched because it really opens the door for other lawsuits against drug companies, and it is whyjohnson & johnson has already said it will appeal the decision. if the company is found responsible in this particular case, it could be found responsible in other pending lawsuits, or lawsuits that have yet to be filed.

now, let's turn to france where the g7 summit has wrapped up — but the proof will be in the pudding as to whether the talks between the world leaders actually bear fruit. 0n the programme yesterday we discussed the promise of trade deals between the us and the uk as well as america and japan. the summit‘s host, french president emmanuel macron, had some final words about the wto and digital tax — but it was president trump talking about the trade war with china that caught the most attention. with me is russ mould, investment director at aj bell. welcome to you. mixed messages from china and the united states, donald trump, that is parfor the china and the united states, donald trump, that is par for the course. 0n trump, that is par for the course. on friday, president trump described china as the enemy, china responded

with tariffs on american goods. america came back with tariffs on chinese goods. 0n chinese goods. on monday, president trump was saying the chinese president was a great leader, looking forward to fresh talks and further progress. friday, share prices go down, monday, share prices valley. this tells you investors know we have been here before, in buenos aires last november, a sack injune. do you think donald trump with an election looming large is more sensitive to the impact his words have? they operate on a 100 year time horizon but president trump has equated successful presidency with where the american stock market is, he has an election to fight in 15 months. the chinese have a stronger position, they have money in the

bank, america has a huge budget deficit. i wasn't surprised to see them put tariffs on american agricultural products on a friday, donald trump has one of his key constituencies in the farming community. pretty smart stuff. how did you feel about the mood music from g7, it felt pessimistic. there was a big debate, president and saying there would be nothing to tangible coming out of it. there was the potential to meet between president trump and the president from iran which took the oil price down. it didn't feel particularly conclusive, no. something we will be talking about later. thank you. let's take a look at some of the other stories making the news. boeing is reportedly

facing its first lawsuit by a customer over the grounding of the 737 max jets. russian leasing company avia claims the planemaker was negligent in the two fatal crashes and withheld critical information from us regulators. avia ordered 35jets and now wants that cancelled and is seeking $115 million in damages. apple chief executive tim cook has donated $4.9 million to charity — and the company said it is giving an unspecified amount to help restore the amazon rainforest. mr cook tweeted that the tech giant wants to preserve the biodiversity of the indespensible forest. it's estimated tim cook's wealth is about $675 million. the man behind volkswagen's global expansion — ferdinand piech — has died aged 82 — according to the bild newspaper. mr piech is credited with transforming the carmaker from a midsized german company to an international powerhouse. piech was a grandson of ferdinand porsche, the father of the iconic volkswagen

beetle. during their g7 meeting, donald trump and india's prime this minister narendra modi had weighty matters to discuss. not least, the trade deficit between the two countries. india pledged to boost imports of american—made goods. let's take you live to delhi, our correspondent nitin srivastava is there for us. it is interesting, the meeting yesterday, lots for them to talk about it. president trump only interested in trade. yes, it is a significant move for both countries, despite india and the us being prominent trade partners, there has been a strain in the recent past about economics and trade. president trump has repeatedly said and asked india to withdraw high tariffs on us goods. so, this move and after this now,

they plan to have a trade minister level meeting before the indian premier mr‘s likely visit to the us next month. a significant move and the backdrop is there is a trade imbalance as the us says because india exports much more to the us thanit india exports much more to the us than it imports from the us and the us wants it to import more and that perhaps is the cause of the strain. there is disputes go on. for now, thank you. the claim that china wants a trade deal helped boost us stocks yesterday, but the was short—lived. there's no clear indication from the chinese side that the claim is actually true. that rally ran out of steam pretty quickly. gold prices hit six—year highs yesterday with investors looking for somewhere safer

to put their cash as fears grow that the us economy might also be preparing for a slowdown like other global economies right now. this morning, we've had further confirmation of that with germany's gross domestic product down by 0.1% in the second quarter, compared to the three months before, with the manufacturing sector the main drag on economic output and weaker exports. those overseas sales fell more strongly than imports between april and june. more on that shortly. but first, samira has the details of what's ahead on wall street today. two key pieces of economic date will be released on tuesday. first, the us congress department will deliver the latest consumer confidence numbers. two—thirds of the us economy depends on consumer spending and that means how confident people feel about their economic outlook is a vital piece of information. economists believe the latest report

will actually show that consumer confidence has slipped in the month of august to a rate of 129.5. because the federal reserve, america's central bank, is laser focused on consumers, and this is a forward—looking indicator, if this is a miss you can expect some big market reaction. also happening on tuesday, the case shiller national home price index which tracks the value of single family housing within the united states. joining us is jane sydenham, investment director of rathbones investment management. good morning, good to see you. picking up on some of the issues at the g7. us japan picking up on some of the issues at the g7. usjapan talking about trade, hopeful movement in us and china. trade dispute. wto rules possibly being overruled. what stood out? everything is on the table. the problem is the underlying tone is the world appears to be

slowing down in terms of economic growth. anything that restricts trade, that changes the balance between nations, is causing markets to fret, that is why we have one good day, one bad day. a difficult time for markets to see any direction. what will markets make of this german gdp figure, not a huge amount back for germany it is significant. it shows the effect of the gradual slowdown we are seeing, worries about trade. also interesting is although it is a negative figure, germany is in a relatively strong financial position. they don't have the deficits some other countries do, so, they could stimulate the economy if they want to buy cutting taxes, or spending money. a quick word onjohnson &johnson, shares a quick word onjohnson &johnson, s ha res we nt a quick word onjohnson &johnson, shares went up, just explain that. it is about expectations and share

prices move ahead of events, sometimes thinking the outcome will be worse than it is. johnson & johnson wasn't too bad for markets this time around. it is about the longer term issue, there will be more litigation around the opioid crisis, and how long that goes on and how much uncertainty that brings into markets and the pharmaceutical sector. hundreds of cases are pending. thank you. we will see you later. a $500 million fine, astonishing that is not bad. still to come. a fashion brand with a difference, giving back to the communites that makes its products. you're with business live from bbc news. the bbc has seen documents which show that the uk government and hs2 knew — several years ago —

that the new high—speed railway was over budget and was probably behind schedule. 0ur transport correspondent tom burridge reports. until very recently, we were told by ministers and bosses at hs2 that the programme to build the new high—speed railway was on budget and on time. there was only one budget for hs2, and it is £55.7 billion. but bbc news has obtained documents which show that at least three years ago, the government knew that wasn't the case. the evidence we've got hold of suggests you, the taxpayer who's funding it, weren't given the full picture. this letter was sent in may 2016 to the then chancellor george osborne. in it, the transport secretary at the time, patrick mcloughlin, admits that the first stretch of the railway, linking birmingham to london, was already over budget by nearly £1 billion. he also proposes opening the railway a year late to try and save money.

all these warnings cruelly before the first phase had been signed off by parliament. hst does have strong support but the evidence we have seen not only raises questions about whether this programme is value for money but about transparency and trust. hs2 has responded by saying there has been extensive scrutiny of the project by the national audit of his and parliamentary committees. the department for transport said like in any major complex programme, delivery plans evolve over time. with the team appointed by the government to review the scheme set to begin work tomorrow, it is hard to begin work tomorrow, it is hard to say how high—speed 2 will evolve over the coming weeks. let us show you this story here online, the bank of mum and dad, one of the biggest mortgage lenders

saying this. parents are among the biggest lenders in the uk. the average parental contribution is £24,000, average parental contribution is £214,000, up average parental contribution is £24,000, up by more than £6,000 compared to last year. stay with us, plenty more to come. you're watching business live. our top story. the drugmakerjohnson & johnson is fined $500 million for fuelling the us opiod crisis — in the biggest case of its kind. a quick look at how the markets are faring. now, let's turn to the fashion industry — it's a great success worth around

$2 trillion a year — but over the years it's come under fire about its negative impact on the environment. conservation groups say it's responsible for 10% of global carbon emissions, and that figure is set to rise by more than 60% by 2030. well, the industry is starting to take note and a new crop of social consciousness bands have sprung up betting it can put things right. one such company is uk—based 0rigin. founded only last year, the not—for—profit brand sells organic garments and invest 100% of its profits into humanitarian projects in african communities. the firm's co—founder, alice cracknell is here with us now. nice to see you. we were talking earlier, the point of this is so many firms now are dare i say jumping on the bandwagon, sustainably sourced, ethical businesses, how do you stand out in that market? green washing has become a bit of a

thing, people claiming they have organic credentials or carbon neutral credentials. a big part for us neutral credentials. a big part for us is making sure we make complete, honest and transparent claims throughout the process in every element of our supply chain. we are working with one brand which allows consumers to see our garments and track the full journey, see where consumers to see our garments and track the fulljourney, see where it is made, where the t—shirts are printed, the ink we use to print them, they can make their own decisions, you can see uploaded certifications. a lot of fans will say they source ethical cotton or don't use child labour but somewhere in their supply chain you filed something has gone badly wrong. how can you keep such control? you can see this jacket, this cotton is from gambia, you can visit those areas. consumers can demand more

information from brands. like being able to go on to their website and see uploaded versions of certifications from people like the fair trade foundation, the soil association, those will give consumers confidence they are buying comments and can see every element of the supply chain garments. this is becoming a busy market. interestingly, the expression didn't come from the fashion side but from the development projects we donate our money too. my husband is a doctor, he works in global health, we we re doctor, he works in global health, we were working in mali in africa when we came up with the idea. we saw a lot of artisanal creativity of fabrics and decided that it should be more readily available. that inspired us to start a social business that gave back to the communities where these fabrics originate from. even though you are not for profit,

you even though you are not for profit, y°u pay even though you are not for profit, you pay a fair wage. including yourselves. how did you decide where the profit goes? we had a number of connections. 0ne of the key things is to work in areas where you know people, and you have connections. we had worked on a number of development projects in mali, ethiopian and the gambia and we re mali, ethiopian and the gambia and were confident we knew people there with ideas. all our projects are locally run, everyone we knew had their own ideas of initiatives they wa nted their own ideas of initiatives they wanted to put in place locally. we talk to them about what that would look like if we invested in local entrepreneurial projects like sanitation, health, female empowerment, and put that into place slowly. it is a journey, we only set up slowly. it is a journey, we only set up last year. how much money have you put back in? £12,500 profit so far. do you have a look at firms that are

not doing what you are doing, fast fashion retailers, and think, that is way easier. it must be hard to do what you're doing, having such control, charging a premium price because of the work involved. we have a lot of people saying that. in the first six modes of trading, people said, you should fundraise like a charity and forget the fashion bit, it is too hard to make that work and be a truly ethical brand. but we have had incredible feedback, we are ten months in and profit making. people want to buy clothes and know where they come from. and know the money they spend is going somewhere good. sure, it would be easier to do it differently but we both feel passionately it is something that can and does work. thank you very much, good luck. in a moment, we'll take a look through the business pages. but first, here's

a quick reminder of how to get in touch with us. london, singapore, shanghai, new york. 0ur correspondence have your wild business covered on—air, online and on the bbc‘s news app. check us out for the inside analysis. our business live page has the latest business live page has the latest business breaking news, we want your views as well, get in touch. join the bbc‘s business conversation. at the start of the programme, we askedif at the start of the programme, we asked if you are optimistic. if you are, you will apparently live longer. 0ne viewer said, my nan lived into her 90s and she was optimistic. greg said he firmly believes in this. he says, we are now a nation

of miseries, the pension crisis he is pointing to, hopefully soon over. do you recognise this from monty python? and that fabulous song from the film. this story is encourage people to do this. sarah says —— some of us can't afford to live to the age of 85! i have a rosy outlook on life. you are always cheery and happy bright and early. iam the and early. i am the mother of teenage children, i have to be. if you try to find the best in life, sometimes you do. i think you can choose what mood to be in. i don't know if you are aware of this story, drones just don't have to be operating over parks and local

areas but some are in the stratosphere. it cuts the cost of launching satellites into space. the potential is huge. used for observation, mapping. 0bservational work. i wonder if there are less restrictions on their usage, i don't know. probably fewer restrictions from the aviation authorities. drones are causing problems with the sheer number are causing havoc. we tend to think of drones as personal objects for video photography. in the purest sense, drones were these unmanned aerial vehicles, used with military applications. and this is saying we can take them further up into the atmosphere, we don't have the costs of launching satellites and yet they do the same

jobs in terms of communication. you wonder how long they will last. a hand—held one, a different concept, the batteries don't last long. they are farup long. they are far up with no interference from cloud cover. and turning our attention to greece, out of the doldrums, a visible bit of evidence, it is back capital controls. things have definitely improved since several years ago. it is now looking much more positive. fascinating when it comes to what greece has been through but lifting those capital controls finally, so money can be sent overseas. lovely to see you. that's it from business live today. we'll see you again tomorrow.

hello, there. the weekend just gone was of course a bank holiday for some, and it brought some record—breaking temperatures. recording 33 degrees celsius on both sunday and monday, breaking some of those late august bank holiday weekend temperature records. it looks like today will bring the last day of 30 degrees for some. we will see a dip in temperatures, as much as 10 degrees celsius later in the week. there will be more unsettled weather to come as well. here is how it looks for today. two weather fronts, one towards the north and west, the second bringing some heavy showers north and east through the day. cloudy with outbreaks of rain for north—west scotland, western parts of northern ireland. drier in eastern parts of northern ireland. heavy downpours pushing through the midlands and northern england, later into the south

east of scotland. the best of the dry weather in the south—east. that is where we will see that heat again. highs of around 33 degrees celsius. that weather front bringing those heavy, thundery downpours pushes further north and east. there will be further thundery douwnpours for north—eastern areas tonight. that second weather front makes progress further east. tomorrow looks like a cloudier day, there will be outbreaks of rain gradually working east. something a bit brighter feeding into northern ireland with one or two showers. largely dry with some sunny spells but also the risk of one or two showers in the south east. temperatures in the north in the high teens, cooler in the south as well, highs of 24 degrees. this cooler more unsettled theme continues towards the end of the week. this is the pressure chart, an area of low pressure towards the north. the northern and western areas seeing more in the way of unsettled weather which is where we are likely to see rain and windy conditions. the outlook for thursday, perhaps a bit more cloud

in the south east first thing, bringing the odd spot of rain but it will clear. dry and fine weather across most of england. outbreaks of rain pushing into the north and west. temperatures into the high teens in the north, 24 celsius in the south. friday, blustery across the north, with outbreaks of rain pushing into scotland, northern ireland, parts of northern england, wales and the south west. drier further south and east. temperatures similar to thursday, in the high teens in the north, a maximum of 24 degrees celsius in the south east. goodbye.

you're watching bbc news at 9 with me, annita mcveigh — the headlines. jeremy corbyn is meeting other party leaders this morning to discuss how to stop the uk leaving the eu without an agreement. we mustn't lose sight of the fact that if we don't agree a united plan and implement it next week, then the chances of leaving without a deal go up. documents seen by bbc news suggest that the government knew the hs2 project was over budget and probably behind schedule three years ago. the government wants to change planning rules in england to help mobile phone companies installing 5g broadband in rural areas. the american pharmaceutical giant — johnson and johnson — is to appeal a landmark case which ordered it to pay over half