by steve business a us court has ordered from a judge johnson and johnson to pay a huff a $1000000000.00 for an opioid crisis that's ravaged the state of oklahoma the judge blamed aggressive and misleading marketing the company's share price rose based as are expecting a high a fine. he's probably needed boxes son austin is one of 6000 oklahomans believed to have died from an opioid overdose since the start of the millennium a promising american footballer he died in his prime. austin was living a nightmare the nightmare at prescription drug abuse now the 1st of thousands of lawsuits aimed at holding manufacturers and distributors to account has made it through trial cleveland county district judge that borkman have said prosecutors have proven johnson and johnson to create a public nuisance it would take decades to repair. the loans today judge walker

has affirmed our position that johnson and johnson motivated by greed and avarice is responsible for the opioid epidemic in our state. johnson and johnson will finally be held accountable for thousands of deaths and addiction caused by their activities prosecutors in oklahoma initially hoped to secure $17000000000.00 from 3 companies however one of them tiva pharmaceuticals settled out of court for $85000000.00 a 2nd perjury pharma which produces oxycontin also settled this time for $270000000.00 now after the johnson and johnson ruling the state says it will have to be satisfied with the almost $1000000000.00 total raced. johnson and johnson was accused of flooding the markets with painkillers and deceptively advertising them the firm denies wrongdoing saying its claims were backed by science it plans to appeal against the oklahoma court's decision. we have sympathy.

for all who suffer. from substance abuse. but johnson and johnson. did not cause the opioid abuse crisis here in oklahoma. or anywhere in this country. for thousands of more claimants around the united states disagree. with his story doesn't just affect the u.s. that's talk to our financial correspondent in frankfurt sunday ashutosh the company's going to fight this but will it actually change the way it markets its medication. maybe just related to the opioids even though it meant is that the marketing is bad scientifically but overall change in strategy i really don't see the that happening because let's face it ben these pharma companies aren't the most ethical when it comes to marketing or getting their drugs

approved or whether it's being money to fund academic research or academic notes is concerned or whether it's in this case marketing or misleading marketing is concerned so clearly and there's also the ad that aspect of bing doctors to present to prescribe their own medicines some analysts say this case will simply drive big pharma into new markets and already have. indeed it has yes. opioids have been money spinners for pharmacy pharmaceutical companies in the u.s. especially the pharmaceutical companies were actually struggling to generate profits with the kind of spending they have on research and development of your lisi of you've already seen it in the u.k. that the government is reviewing the crisis and this after 2624000000 opioids prescribed by the n.h.s.

doctors in 201700 for the very good so it's a huge. well it couldn't come at a better time for prime minister render a modi economy is showing signs of distress and the reserve bank of india has approved a record payout to the state it's due to a much higher than expected dividend and surplus thanks to a new economic capital framework that it's adopted that's raising the eyebrows of some critics the $24000000000.00 windfall comes amid a slowdown in economic growth to a 5 year low and reports of tens of thousands of job losses especially in the auto industry states also say the extra funds will allow the government to contact says and provide more money for housing part of the payout will also be pumped into banks which should help reduce lending rates analysts say the transfer rivals the stimulus some g. 20 nations pumped into their economies during the global financial crisis one economist who's been closely following developments of the claims the central bank

is losing its functional autonomy and essentially becoming a piggy bank for the government well that could scare off investors as crunched the numbers with dave chata g a business reporter based in mumbai 1st of all what's the new methodology it's adopted to calculate this record payout it sounds a little wishy washy. committee which was headed by the former reserve bank of india r b my child. this is janet was supposed to make was to keep a fine balance between the r.b.i. i guess need it was should save the money for the rainy day over there should give the money back to the government of india now just to be mindful and here's a very respected figure in the indian financial sector has committed a new surplus dissolution policy which basically means that i should abolish realize your between 5.5 percent to 6.5 percent of the balance sheet so yesterday the board decided to make the level at 5.5 percent of their balance sheets and this

is this is freed up a lot of money for the government of india is the bank of india then what do you expect. it is a lot of money and it's a big decisions that are being made but tell me just how independent the central bank actually is because the former governor quit last year over those very reasons the independence of the r.b.i. . absolutely the independence of the reserve bank of india has become a topic of odd debate in india at least 2 former reserve bank of india governors and are due to go and have with the organized i think government interference the relations between the ages of bangkok in their governors and the more the government has been fast these things more the years come to power in 2014 but the good news is that the present reserve bank of india governor mr shafiq under the is the former government servant has worked closely with them or the government and

especially on the money to the indian currency which ended of course in the use deception of the indian economy so mr da solutions with the present government at new delhi is quite good and that we can we can see quite so convincingly that this guy is on the right track along with his own bank of india but just briefly are these funds really going to help the modi government and help the economy. well there are more the government does but it's leaning. where it would find the economy isn't slowing down the gov't returning so falling back to the slips of falling so certainly the got more the government needs this money and a large part of our more the government was planning to raise funds by selling the government's stake in public sector units and in fact that money is also not coming because they stock markets are falling so what the government can use this money for various areas of its own expenditure and what some analysts and economists are saying the government grants to reduce its borrowing which is of course a good news for the finance ministry because then it would make the bill to

maintain its just a little bit by the current financial year which ends in march next year the charity for us in mumbai thank you. chinese startup make v. is continuing with its plans to go public in spite of the political unrest in hong kong according to insiders the artificial intelligence firm is hoping to raise at least $500000000.00 it wants to use the revenue for research and development marketing and its worldwide expansion. china is relaxing limits on the number of new vehicle licenses granted by local governments to help boost the ailing auto sector european order stocks rose on the news china's trade conflict with the u.s. and a slowing economy hit local consumption car sales have fallen for 13 months in a row experts believe the world's largest auto market will shrink by 9 percent this year. it was one of the most powerful men in the international car industry. has died aged 82 as head of v.w. he is credited with reviving the german firm's fortunes and putting it on the road

to becoming the world's biggest what about a factory. he had v.w. in his d.n.a. ferdinand was a man practically born in the driver's seat p.s. grandfather was fashion and porsche the man who designed the iconic folks. discovered his passion for cars and technology at an early age he studied mechanical engineering and after climbing the corporate ladder became c.e.o. of the v.w. group which was then nearly insolvent transformed the company. is good enough and for the we are always winners and losers see. me and with our partners which v.w. has across the whole world i intend to be the winner. within a few years v.w. was again making a profit that laid the cornerstone for his reputation as a visionary car executive when v.w. acquired porsche was already creeped cham and the merger was

a long time ambition of his the father of 12 children believed v.w. and push belongs together. $152015.00 ph found himself in a power struggle with the w.'s then c.e.o. mott inventor cornered it was a struggle ph lost and he resigned an abrupt end to his story to korea. a top of his shuttle buses and passages in singapore out of a 3 month study to assess the safety and commercial viability of the service trials taking place in the resort island of sentosa and has been closely watched as tech firms in order to make his race to build self driving cars a global economist vehicle marketers over britain worth $54000000000.00 a year that it is expected to increase and fold in the next decade. and u.s. retailer costco was forced to cut short its opening day in china of a safety concerns crowd so boggan hunters swarm the store in suburban shanghai the

white house out there posted a message on its abstaining it would have to close its doors to overcrowded stores or also cause massive traffic chaos in stores and neighborhood. quite a lot about the time for he knows their business with it.

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place blame blame. this is deja vu news live from europe's top human rights court rebukes russia over the death of the anti-fraud campaigner surrogate magnitsky the court said mcneice case treatment in prison led to his death in 2009 so what if any will be the consequences for moscow. also coming up brazil's president says he will not accept an offer of aid to help fight fires in the amazon on last french president in modern michael apologize for his quote insults calling has proposed an emergency fund of $20000000.00 have been set.