The first issue of the Wall Street Journal was published on this day in 1889, according to (who else??) the Journal itself. Journalists Charles Henry Dow, Edward Davis Jones, and Charles Milford Bergstresser founded Dow, Jones & Co., in 1882. The following year the company began publishing something called Customers’ Afternoon Letter, which began including Dow Jones Averages for the first time in 1884. Customers’ Afternoon Letter became the Wall Street Journal in 1889; its first issue was four pages long, the Journal says, and was priced at two cents. The paper continues chronicling industries in the U.S. and around the world, recently examining PBM-affiliated mail-order pharmacies and their role in driving up drug costs. “Many PBMs, including the three largest, also own a mail-order pharmacy,” reported Jared S. Hopkins. “In those cases, the PBM effectively sells a drug to itself. They can make a larger spread by marking up how much the health plan pays to the PBM, employers and benefits consultants said.”
NCPA
