Ultra-pure conductors may exhibit hydrodynamic transport where the collective motion of charge carriers resembles the flow of a viscous fluid. In a confined geometry (e.g., in ultra-high quality nanostructures) the electronic fluid assumes a Poiseuille-like flow. Applying an external magnetic field tends to diminish viscous effects leading to large negative magnetoresistance. In two-component systems near charge neutrality the hydrodynamic flow of charge carriers is strongly affected by the mutual friction between the two constituents. At low fields, the magnetoresistance is negative, however at high fields the interplay between electron-hole scattering, recombination, and viscosity results in a dramatic change of the flow profile: the magnetoresistance changes its sign and eventually becomes linear in very high fields. This novel non-monotonic magnetoresistance can be used as a fingerprint to detect viscous flow in two-component conducting systems.The independent particle approximation 1,2 has dominated the solid state physics for nearly a century. While clearly successful in describing most of the basic transport phenomena in metals and semiconductors, this approach completely neglects Coulomb interaction between charge carriers (the latter is frequently said to be justified by the "weakness" of electron-electron interaction due to, e.g., screening or statistical effects). To be more specific, in many conventional conductors the typical interaction length scale, ee , is too long in comparison to other relevant scales in the system. In particular, at low temperatures the dominant scattering process is due to potential disorder and hence the shortest length scale is the mean free path, dis ee , which determines the residual Drude resistivity at T = 0. At high temperatures, the electron-phonon interaction dominates, ph ee . If these two temperature regimes overlap, then indeed (at least, away from any phase transitions) the role of electron-electron interaction is reduced to small corrections. However, if there exists a temperature window where ee dis , ph , then in that case the independent particle approximation is violated: the motion of charge carriers becomes collective (or hydrodynamic) and hence transport properties of the system are determined by interaction 3 .Signatures of the hydrodynamic behavior have been observed in recent experiments in graphene 4-6 and palladium cobaltate 7 . The effect of external magnetic field on electronic transport in systems with ee dis , ph was studied in magnetotransport measurements in ultra-highmobility GaAs quantum wells 8-10 and more recently in the Weyl semimetal WP 2 11 reporting, in both cases, large negative magnetoresistance. A detailed account of the history of magnetotransport measurements is beyond the scope of this paper. Here we only stress the following well known facts: at the single-particle level, there is no classical magnetoresistance (MR) in single-band (or one-component) systems; taking into account more than one band of carriers (e.g., in semiconduct...