Railroad company Kansas City Southern (NYSE: KSU) has found itself the target of not one but two of its North American railroad peers, as Canadian National Railway (NYSE: CNI) and Canadian Pacific Railway (NYSE: CP) vie for supremacy with rival bids. Investors remain concerned about inflationary pressures and their potential to upset the delicate balance that has led to such impressive bull market returns over the past year. Specifically, AT&T will contribute its WarnerMedia division of premium entertainment, sports, and news assets to the new combined company.