Arcutis Biotherapeutics (ARQT) officer Patrick Burnett sold 222 shares of common stock at $21.05 per share. This sale was conducted to cover tax withholding obligations associated with the vesting of his Restricted Stock Units. After the transaction, Burnett directly owns 120,244 shares, indicating the sale was a compensation-related tax event and not a discretionary reduction in his investment.

Axsome Therapeutics Inc. stock reached an all-time high of $234.57, reflecting a 123.94% increase over the past year and a market capitalization of $12 billion. Despite a significant earnings miss in Q1 2026, with a net loss of $1.26 per share, investor optimism persists. The company's revenue surged 64% over the last twelve months to $708 million, maintaining a gross profit margin of 93%.

The SPDR S&P 500 ETF Trust (SPY) increased by 0.56% on May 13, driven by a strong performance in AI and semiconductor stocks, despite higher-than-expected inflation data. The ETF saw $4 billion in net inflows over five days and has a Strong Buy rating from analysts with an implied upside potential of 15.67%. Its top holdings with upside potential include Carvana and Loews, while Ciena and Intel are among those with the greatest downside potential.

Allegiant has finalized its $1.5 billion acquisition of Sun Country Airlines, making Allegiant the sole commercial service provider at MidAmerica St. Louis Airport. As part of the deal, Sun Country's president has joined Allegiant's board of directors.

Allegiant has completed its $1.5 billion acquisition of Sun Country Airlines, combining the two leisure-focused carriers. Both airlines will initially operate separately, maintaining their brand identities and current systems for reservations, flight schedules, and loyalty programs. The combined company will be headquartered in Las Vegas, but Minneapolis-St. Paul is expected to remain an important operating center.

Ronald Craig Shultz, GM of ACI Speedpay at ACI Worldwide (NASDAQ: ACIW), surrendered 732 and 366 shares of common stock at $42.36 per share on May 11, 2026. These shares were returned to the issuer to cover tax liabilities associated with the vesting of 749 and 1,498 restricted stock units granted on May 11, 2023. Following these transactions, and including 149 shares acquired through an Employee Stock Purchase Plan, Shultz directly owns 62,468 common shares.

Meta Platforms COO Javier Olivan sold 1,555 shares of Meta Class A common stock at $604.57 per share on May 11, 2026, through various entities and directly. These transactions were executed under a pre-arranged Rule 10b5-1 trading plan adopted in November 2025. Following the sales, Olivan's direct holdings decreased to 6,853 shares, with additional indirect holdings through family entities.

This CoStar World News update for May 14 covers several global real estate and economic stories. Key topics include Saudi Arabia's hotel investors remaining confident despite project pullbacks due to the U.S.-Iran war, UK commercial real estate lending reaching a 10-year high, and Blackstone completing a major industrial deal in France. Additionally, it highlights moderate property price gains in Germany, uncertainty concerning Honda's planned EV plant in Canada, and the capital challenges facing the data center boom in the US.

Reyes Coca-Cola Bottling is closing its Ventura distribution and bottling facility on July 10, ending over 100 years of Coca-Cola operations in the California city. The closure is part of a broader effort to streamline operations, affecting 85 workers, most of whom will be transferred to other Southern California facilities. This follows similar closures in American Canyon and Salinas, as the company consolidates its operations.

CMS Energy (CMS) shows a mixed picture for short-term investors, with recent share price dips but positive longer-term returns. Simply Wall St's valuation framework gives CMS a score of 2 out of 6, indicating it screens as undervalued on two metrics, while its Dividend Discount Model suggests it is about 3.2% overvalued. However, its P/E ratio of 20.50x is below Simply Wall St's modeled "Fair Ratio" of 22.56x, suggesting it could be undervalued based on earnings.