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The phrase "are now conducting" is correct and usable in written English.
It can be used to indicate that an action is currently taking place, often in a formal or professional context.
Example: "The researchers are now conducting a study on the effects of climate change on local ecosystems."
Alternatives: "are currently performing" or "are in the process of conducting".
Dictionary
are now conducting
adverb
At the present time.
Exact(57)
The world's rich countries are now conducting a dangerous experiment.
South Korean and U.S. troops are now conducting large-scale training exercises.
The American divisions in Iraq are now conducting three-week police training courses.
But a number of districts are now conducting or planning additional audits.
The company has shortlisted bidders, who are now conducting due diligence.
We got on scene and we are now conducting an investigation".
But at least three groups of scientists are now conducting brain autopsies on veterans, and they have found C.T.E.
Cameroon and Benin are now conducting such campaigns in an effort to prevent the imported cases from spreading further.
They are now conducting research for a similar book about people from Connecticut who died during the Korean War.
Prosecutors in France are now conducting an investigation into whether the money led to the elder Diack.
In West Virginia, state authorities and the Office of Surface Mining are now conducting hearings on regulations concerning the practice.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com