Morning Headlines 7/25/17

KKR to buy WebMD in $2.8 billion deal

Private equity firm KKR & Co will buy WebMD Health Corp for $66.50 per share, a premium of 20.5 percent to WebMD’s Friday closing, for a total of $2.6 billion.

Atul Gawande on Priorities, Big and Small

In a wide-ranging interview, Atul Gawande, MD discusses the limits of artificial intelligence, CRISPR, and what is missing from medical education, of which notes that the medical profession “has exceeded the capabilities of any individual to manage the volume of knowledge and skill required. So we are now delivering as groups of people. And knowing how to be an effective group, how to solve problems when your group is not being effective, and to enable that capability.”

Molina to lay off 10% of its workforce

Medicaid health plan Molina Healthcare plans to lay off 1,400 employees, representing 10 percent of its workforce, to offset losses incurred by its ACA exchange business.