Drugmakers could decide to settle thousands of claims against them over the opioid crisis after a $572m court order against Johnson & Johnson, President Trump says China is seeking talks on a deal to end the ongoing trade war between the two countries and New York-based hedge fund manager, Autonomy Capital, saw its fund lose more than 16 per cent in the first two weeks of August as a result of Argentina’s financial market meltdown. Plus, the FT’s Brazil bureau chief Bryan Harris talks about a backlash against Brazilian business over the Amazon rainforest fires.

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