11:44 AM EDT, 09/29/2025 (MT Newswires) -- The S&P 500 and the Nasdaq Composite were up in late-morning trading Monday, while the Dow Jones Industrial Average was down as markets assessed a potential federal government shutdown this week.

Pending home sales rose by 4% in August, well above a flat reading expected in a survey compiled by Bloomberg and following a 0.3% decrease in July, according to the National Association of Realtors. The monthly sales index was up 3.8% from August 2024.

Electronic Arts ( EA ) said it has agreed to be acquired by an investor consortium comprised of Saudi Arabia's Public Investment Fund, Silver Lake and Affinity Partners in an all-cash transaction valued at about $55 billion. Electronic Arts ( EA ) shareholders will receive $210 per share in cash in the deal, which is expected to close in Q1 of fiscal 2027, the company said. Electronic Arts ( EA ) shares were up 4.8% around midday.

Genmab ( GMAB ) has agreed to acquire biotechnology firm Merus (MRUS) in an all-cash deal worth about $8 billion, the companies said. Under the terms of the deal, which is expected to close in Q1 next year, a subsidiary of Genmab ( GMAB ) will launch a tender offer to purchase all of Merus' shares at $97 apiece. Shares of Genmab ( GMAB ) were down 0.8% and Merus rose more than 36%.

CSX (CSX) said it has named Steve Angel president and chief executive, effective Sept. 28. Angel joins the transportation company from Linde ( LIN ) , where he was CEO from 2018 to 2022, and has been chairman since 2022. Angel will leave Linde's ( LIN ) board on Jan. 31. CSX shares were up 3%.

Separately, Linde ( LIN ) said it has named Chief Executive Sanjiv Lamba to the additional role of chair, effective Jan. 31, to succeed Angel. Linde ( LIN ) also said it is appointing Sean Durbin as chief operating officer, effective Oct. 1. Durbin previously served as the executive vice president of Linde North America. Linde ( LIN ) shares were up 0.1%.

Price: 202.63, Change: +9.28, Percent Change: +4.80