Processes in Microsoft 365 for setting up Office apps, redeeming product keys, and activating licenses.
Same issue here with MS 365 on the same build. Offline and online repair did nothing as did all other workarounds and suggestions.
The only thing left here is, apparently, to revert to an earlier build which is, frankly, just nuts. At some point this needs to be fixed and it's MSFT that needs to fix it on their end in some way, shape, or form.