Audio effects keep resetting/reverting

Hello,

Today (using the new update v 25.0) Premiere started to reset/revert the eq and audio settings back to default directly after applying them. I can even see the sliders jump back in real time. I change the EQ on a clip - it jumps back to default settings. I realised this after working on several clips where all needed seperate EQ. Some times the presets can't even be changed - I click change from default to some other preset and nothing happens more than the title of the preset changing. Moving sliders doesn't affect audio. What I'm working with specifically is Graphic Equalizer (20-band) and Parametric Equalizer but I suspect this applies to all other audio settings as well - de-esser, denoise and so on.

I've tried opening everything in a new project and tried working with other projects but the same thing keeps happening. Would love if this could be addressed since it's a major issue - unless I'm missing something of course. I've never experienced the problem before which is why I suspect it's a bug.

Workistation is a Macbook pro m2 max, 32gb ram.

Thanks in advance,