The energy sector advanced 0.6% at midday Tuesday.
Australian stocks tracked Wall Street higher amid reports that the White House is pushing for a call between US President Donald Trump and Chinese President Xi Jinping.
Woodside Energy Group (ASX:WDS) lodged a request for international arbitration with the World Bank's International Center for Settlement of Investment Disputes (ICSID) against the Republic of Senegal. The request filed on May 30 identified Senegal's Ministry of Petroleum and Energy as the respondent but did not provide further details. The company operates the Sangomar oil and gas field in Senegal and holds an 82% stake in the project.
On the flip side, the healthcare sector fell 0.7%.
Paradigm Biopharmaceuticals (ASX:PAR) activated a clinical site in Australia, with the first patient providing consent to participate in the phase three trial testing injectable pentosan polysulfate sodium for knee osteoarthritis pain. The trial also includes 48 US sites preparing for activation, with first patient consent and dosing expected next quarter.
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