When trying to connect to a friend’s world, it either does not connect or does connect but you there is large portions of missing chunks and you cannot interact with anything. You also cannot see your inventory. Additionally the game states the other player has died when in actuality they haven’t and players can no longer see each other.
No issues with internet due to super fast broadband, multiplayer has been allowed setting permissions to member and both players have an active Xbox Game Pass.
UPDATE:
Issue is now resolved