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This is Max from M365 Tech expert, I will be taking over this case from hereon as Dominic had a schedule change.
I see you have issues on version (Build 17726.20126 Click-to-Run) And as i noticed almost all users with the version is experiencing this issue.
My recommendation for this one is to stop the office from getting updates for now until such time the back end would be familiar and come up with a fix. Until then I suggest reverting to previous version 20164.
Please follow this instruction, Share it across your peers if helpful.
On windows search box have the command prompt open.
Run it as administrator
enter these details.
cd %programfiles%\Common Files \Microsoft Shared\ClickToRunofficec2rclient.exe /update user updatetoversion=16.0.17
628.20164
OR
cd %programfiles%\Common Files\Microsoft Shared\ClickToRun\
OfficeC2RClient.exe /update user updatetoversion=16.0.17628.20164
After you have done this Disable the update under Update options in your office Apps.
Please confirm to me back if you have done the steps and if this is a good fix for now. until such time the back end would fix the issue this is I recommend you to apply.
Thank you,