Shares of Walmart Inc. WMT, -0.06% and Express Scripts Holding Co. ESRX, +0.99% rose in premarket trade Wednesday, after the two announced a three-year agreement to provide cheaper medications to underinsured and uninsured Americans. Walmart will have access to Express Scripts' lower pricing on dozens of brand-name prescription drugs. The pharmacy benefits manager will offer its InsideRx, which provides discounts of an average of 40% to uninsured customers on brand-name prescription drugs. Express Scripts shares rose 1.2% premarket and have gained 29% in 2018, while the S&P 500 SPX, +1.16% has fallen 1.4%.
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