tv Business Deutsche Welle May 29, 2019 4:45pm-5:01pm CEST
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$1000000000.00 lawsuit over the united states opioid epidemic prosecutors accuse one of the world's largest drug makers of deceptively marketing painkillers and downplaying the risks of addiction johnson and johnson there are 2 main crises rapidly rising rates of over of prescription in the u.s. in asia and africa too few painkillers doctors there often give patients in chronic pain the equivalent of a headache tablet while americans getting hooked on the potent stuff. gail box is heartbroken at the loss of her son. i'm going to miss the great things that you. austin was a college football player at the university of oklahoma and only 22 years old when he died from an overdose of opioid painkillers. the last day i saw him was the day he graduated from the university of oklahoma that day one of his
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coaches britton venables came up to him and said austin. hasn't gone line and he said oh coach live in the tourney just to live an injury. but unfortunately austin was living a nightmare the nightmare of prescription drug abuse prescription opioids to be exact. it were drugs like these produced by manufacturers like johnson and johnson that killed almost 50000 people across the u.s. in 2017 no legal action is being taken against the company. how did this happen. at the end of it there your honor i was sure one word answer. greed the state of oklahoma is accusing johnson and johnson of intentionally creating an oversupply and lying about the risks the company denies the allegations.
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the fight for global tech dominance continues in this case washington vs the world's biggest telecom equipment maker china's weiwei it's asking a u.s. court to deem a partial ban on its hardware on national security grounds unconstitutional. fall way the case is clear politicians in the us i use in the stance of an entire nation will come after a private company they are using every tour they half including legislative and administrative and diplomatic that china us they want to put pass out of business well for months washington has been accusing hallway of spying and delivering data out to leaders in beijing soon to walk away
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is something that's very dangerous you look at what they've done from a security standpoint from a military standpoint it's very dangerous from a clear report all the u.s. government has provided no evidence to assure that highway is a courtesy threat there's no gun no smoke. only speculation. speculation that has landed huawei on the so-called entity list a list of companies that u.s. firms cannot trade with google has already announced that it wouldn't provide updates of its smartphone operating system android 2 huawei shares of some u.s. tech companies including chip makers have come under pressure. meanwhile the u.s. chinese trade war is escalating beijing has announced it was thinking of limiting exports of rare earths to the u.s. endangering the tech sector there chinese rare earth are
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a key resource used to make smartphones as well as computer and even military hardware. let's pick up on that last point with our financial correspondent in frankfurt all the bugs just how powerful a tool are rare earths exports from china. well there just as we mention in the report key too many products that we use every day and even the military is pended on them because china at the moment makes up about 80 percent of the imports of these materials to the united states so the united states can't easily source these materials from other suppliers and there's a price issue and there's also an available veil ability issue here and of course looking at the united states with that huge market with huge companies depending on these materials you can imagine that other countries other companies suppliers and
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customers of the united states will also be affected in the end of china goes true on using this as a weapon in the trade conflict believe it sounds like the trade conflict is only going to get worse what's the market reaction today. especially as there is no indication from donald trump that he's ready to sign a deal made it clear that much and japan on this visit there the market is taking out the hard way the losses of pink have been becoming bigger as the day progressed now in the afternoon you see all major markets and europe down whether it's frankfurt where there's incidentally not one of the 30 companies in the dax in the black they're all in the red paris is down london is down the line is down and where investors going they're going somewhere with the money they're going to so-called safe havens among others german corporate bonds their prices are going up and that sends the yield down and the prices are going up so much that the yield is
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going down to a 3 year low so the investor is paying germany to take their to take their money. the frankfurt stock exchange interesting stuff. now to some of the business stories making news japan's new sun says it's not opposed to its european partners and no urging with chrysler that's according to tokyo's nikkei newspaper the deal could up the over the industry there are reports the boast of porsche is under investigation officials are said to be looking into whether the approved disproportionate payments of the comic his works council dozens of police and tax inspectors have been searching portions offices as part of a broad approach. of european central bank says italy should obey the e.u.'s budget rules will face market punishment he said the vice president louise to endorse says that would mean higher borrowing costs for rome that would hurt its economy even
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more generous spending programs on the italy's populist leaders have created friction in brussels. investors ditched them in droves last year now cryptocurrency is making a remarkable comeback the value of one bitcoin has surged 125 percent since the beginning of the year this month alone so half those gains pushing it towards the $9000.00 mark it coined was the 1st and is the largest crypto currency and has become the standard for digital currencies that built on a decentralized p.t.p. a network others include life light coin if here e m z cash and dash and big players looking to create their own new digital currencies facebook is looking at a product called global coin on the u.s. bank j.p. morgan has come up with its own j. p. m. point very inventive it well let's talk to tell us how he's from the block chain application platform. so as is bitcoin finally coming of age i think so i
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think we're seeing like true mainstream adoption starting to kick in over 125 percent up. beating basically every asset in the world gold stocks s. and p. 500 and i think the main driver of that is institutional investors they really see the use case behind bitcoin beyond speculation and i really putting putting assets in place should i be kicking myself i mean i was thinking about investing at the end of last year i don't want to go near it while the speculate is we're all involved in the prices were going crazy last year but could it be set for more of a roller coaster ride i mean who knows yeah absolutely i think it's easy for me to predict that i think we will see prices above 100000 dollars eventually in a timeframe of 3 to 5 years due to all institutional investors big companies like sam soon facebook already mentions investing jack dorsey founder and c.e.o. of twitter adopted the native internet curan see already we see disappointing tech
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i.p.o.'s were failing so people are reallocating the assets to emerging opportunities like b. it's going and we see next year to half thing so inflation will be cut in half and it becomes one of the most rarest assets in the world right now feeling many more investors what it does the say the native internet curiosity it yeah it's not mainstream yet though is it and when when will it be yes i think the adoption comes from companies like for example some soon releasing their flagship phone the s 10 by default in bad a book chain wallet or the wallet and enable currencies like this but also bitcoin to be featured on there and make it very easy for people to buy those assets and come cycling days and buy nans and others are all making that infrastructure much more accessible for pretty average joe so can you safely say it's no longer just a way of profits he is plunking their money in some way safe somewhere where no one
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can get at it. or is it is it a case that the speculate disaster laplae which absolutely i mean it's still like a high least. full intel assets 100 percent for sure warren buffett one of the most greatest investors in our history called it poison so we're not all on the same page in that regard but i think that more younger tech entrepreneurs and visionary people in our industry are building infrastructure and i think people will follow suit eventually definitely the uses of the moment same endless like it's not just for investing and for exchanging it's also being used by known profits to help out needy venezuelans for example and heaps of examples absolutely i mean myself living here in germany we're lucky that we developed a stable euro but elsewhere in the world like in venezuela for example they have absolute hyperinflation of thousands of percentages turkey argentina zimbabwe are facing the same people are fleeing into it's going although being very volatile
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it's still a safe haven for demi comparison to. government backed currencies as it was recently though people have to watch out because there's still money laundering going on there are still critical criminal activities that you just to get away with yeah i think people shouldn't bother with it i think in fact there's people busted by by laundering money through bitcoin i think we're past that stage right now i think that we are seeing more mainstream adoption and actually the f.b.i. likes it in in a way that people use the bitcoin because they can track its one situations or darr accounts on them as they hear very much for coming in today. and nice doing business with. a lot.
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the line old women what do you think why do we often earn less than men and why are we less likely to be promoted and why are we more at risk of poverty and all that. is in the same world wide or are there places where women are the higher earners closing the gender pay gap more money for women. made in germany 30 minutes w. . reliable data is. destined for the classics to. slim.
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play. play . as a day the. nigerian president mohamed hari is for his 2nd 76 year old one free election in february on the promise to the 5 the economy improve security. tackle corruption many young nigerians are not convinced seems the right choice also on the program the same brussels continue to lead this clash about who should be the next president of the european commission post-election summit i serve fail to find consensus counters.
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