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 thats due to head to court in october. Now shares inJohnson Johnson rose about 5 following the verdict. Thats because the fine is fraction of the multi billion Dollar Settlement the prosecution was seeking. The company says it will appeal the ruling. Samira hussain in new york has more. Thejudge in the judge in oklahoma thejudge in oklahoma says the judge in oklahoma says that Johnson Johnson was responsible for fuelling the Johnson Johnson was re
Is there for change . And markets look like this at the open in europe well get an expert view on what to watch this week. And well 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 earl
In college debt, including how bernies own plan does nothing to stop the underlying cause, its tax exempt colleges who gouge middle class families with higher tuition and how bernies new taxes to pay for his plan would force the same students themselves and parents to pay for it. We have art laffer and all of that and much more as Top Democrats now publicly say that their party is way out of touch with the working class, and that the democrats will have to raise everyones taxes, including the middle class to pay for their big 2020 democrat Big Government plans ending up creating even more Big Government customers, who will soon outnumber those that have to pay for it. To the deplorable conditions, awful conditions and Migrant Children holding centers, it is a problem that highlights and puts the shame, the d. C. Partisan blame game, but now, the republicans blasting back, saying House Democrats have blocked humanitarian aid 17 times. That story tonight, to north koreas leader kim jongu
Billion in shares. Disneys already the worlds Top Entertainment company this move gives it an even bigger arsenal of movies and shows as it battles the rise of Online Streaming Services like netflix and amazon. It also marks the end of half a century of empire building by 86 year old Rupert Murdoch as our media editor amol rajan reports. When Rupert Murdoch bought the news of the world in 1968, he was an outsider. But this canny australian with news in his veins made his way to the heart of the establishment in both britain and america, wielding extraordinary influence. From his base in tabloid newspapers, he moved aggressively into film and television, owning studios and networks that entertained hundreds of millions of people. But now, fox has become a division of disney. In a phone conference today, Rupert Murdoch explained his strategy. I know a lot of people will be asking why the murdochs came to such a momentous decision. Are we retreating . Absolutely not. We are pivoting at a
Sales . No, sir. Epipens performance is a factor in mylans overall performance but the board sets the compensation based on mylans overall performance. My time is up but i have other questions i will submit to the witness. I thank the gentleman. Gentlemans time has expired. I now recognize the gentlelady from the district of columbia, miss norton. Thank you, mr. Chairman. I appreciate this hearing. Could i ask you miss bresch, after an avalanche of criticism, perhaps the worst, and that is really saying something, of any pharmaceutical in recent memory, will you reverse the increase in price of epipens . So, congresswoman, thank you. That we have by the introduction of a generic which is never been done before, i mean unprecedented event for a brand to cannibalize their own. To 300. That you did in response to the criticism. It was, that was your response to the criticism you got from the public long before you came to this hearing. But nothing about the brand name product, is that rig