PRESS DIGEST- Financial Times - July 19

- Billionaire George Soros and Bill Gates are part of a consortium planning a buyout of Mologic, a developer of lateral flow and rapid diagnostic technologies for COVID-19. - The U.S. lawmakers have rejected a plan to spend $40 billion more on tax enforcement to help pay the $1 trillion bipartisan infrastructure bill, Republican senator Rob Portman said on Sunday.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Opec+ reaches deal to raise oil production https://on.ft.com/3hMPvPK - Soros and Gates back buyout of UK diagnostic technology group https://on.ft.com/3BgD2LL

- Lawmakers drop plan to fund spending with increased tax enforcement https://on.ft.com/2UriGiv Overview

- The Organization of the Petroleum Exporting Countries and its allies on Sunday agreed to increase the oil production initially by adding 400,000 barrels each day in a month starting from August. - Billionaire George Soros and Bill Gates are part of a consortium planning a buyout of Mologic, a developer of lateral flow and rapid diagnostic technologies for COVID-19.

- The U.S. lawmakers have rejected a plan to spend $40 billion more on tax enforcement to help pay the $1 trillion bipartisan infrastructure bill, Republican senator Rob Portman said on Sunday. (Compiled by Bengaluru newsroom)