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 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 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 will launch a tender offer to purchase all of Merus' shares at $97 apiece. Shares of Genmab 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 board on Jan. 31. CSX shares were up 3%.

Separately, Linde said it has named Chief Executive Sanjiv Lamba to the additional role of chair, effective Jan. 31, to succeed Angel. Linde 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 shares were up 0.1%.

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