The Gates Foundation Trust has completely divested from Microsoft after decades of slowly selling its position. The $31.6 billion endowment has instead added West Pharmaceutical Services (WST) to its portfolio, a healthcare stock with 32 consecutive years of dividend increases and forecasted earnings growth of 14-15% annually through 2027, positioning it as a potential future Dividend King.

The Surface Transportation Board has frozen its review of Union Pacific and Norfolk Southern's proposed merger, ordering them to provide substantial additional information. The STB found the amended application lacks clarity, contains unresolved competitive harms, and inadequate analyses. CN commends the decision, arguing the applicants have failed to meet rigorous merger standards and that the deal would concentrate approximately 40% of U.S. freight rail traffic in one company.

Canadian National Railway (CN) filed comments with the Surface Transportation Board (STB) opposing the amended merger application between Union Pacific (UP) and Norfolk Southern (NS), arguing it remains incomplete and fails to meet regulatory requirements. CN contends the application addresses only one of three deficiencies identified by the Board, lacks meaningful competitive enhancements, and proposes an insufficient Committed Gateway Pricing program that would harm more shippers than help.

Canadian National Railway (CN) announced a public debt offering of $750 million USD, consisting of $300 million in notes due 2029 at 4.350% and $450 million in notes due 2036 at 4.950%. The offering is expected to close on May 12, 2026, with proceeds intended for general corporate purposes including commercial paper repayment.

Canadian National Railway (CN) announced a public debt offering of US$750 million, comprised of US$300 million of 4.350% Notes due 2029 and US$450 million of 4.950% Notes due 2036. The offering is expected to close on May 12, 2026, with net proceeds to be used for general corporate purposes including commercial paper repayment. J.P. Morgan Securities, RBC Capital Markets, and SMBC Nikko Securities are serving as joint bookrunners.

Canadian National Railway (CNI) announced that its Board of Directors has approved a second-quarter 2026 dividend of C$0.9150 per common share, payable on June 30, 2026, to shareholders of record as of June 9, 2026.

CN announced a $500,000 donation to two Winnipeg organizations—Ma Mawi Wi Chi Itata Centre and West Central Women's Resource Centre—to support homelessness prevention programs for individuals, families, and Indigenous youth. The funding is part of CN's Railroaders for Change initiative to address homelessness in communities where the company operates.

Canadian National Railway (CN) announced a $500,000 donation to two organizations in Winnipeg—Ma Mawi Wi Chi Itata Centre and West Central Women's Resource Centre—to support homelessness prevention and assist Indigenous youth, families, and women in precarious housing situations. Each organization will receive $250,000 to expand services providing safe housing, essential resources, and culturally-grounded support.

Bill Gates' foundation trust holds 59% of its $36 billion portfolio in three stocks: Berkshire Hathaway ($9B+), WM/Waste Management, and Canadian National Railway. These are established, non-tech companies with strong economic moats. While solid businesses, valuations are mixed—WM trades at 28x earnings (high for single-digit growth), CNI at 18.8x P/E (reasonable), and Berkshire at attractive book value ratios following recent stock decline.

Canadian National Railway (CN) transported over 2.96 million metric tonnes of grain from Western Canada in March 2026, setting a new monthly record and achieving best-ever first-quarter results. Weekly volumes exceeded 600,000 tonnes for two consecutive weeks, peaking at over 650,000 tonnes, demonstrating network robustness and strong export demand across west and east corridors.

CN announced a $750,000 donation over three years to three organizations in Chicago's South Suburbs to support homelessness prevention programs. The funding will be distributed equally ($250,000 each) to Anew: Building Beyond Violence and Abuse, Respond Now, and South Suburban PADS to help individuals and families at risk of homelessness access housing and critical resources.

Canadian National Railway (CN) announced it will release its first quarter 2026 financial and operational results on April 29, 2026, before market opening. Senior management, led by President and CEO Tracy Robinson, will hold a conference call at 8:30 AM ET to review results and discuss the railroad's outlook. A live webcast will be available on CN's investor relations website.