No Audio Waveform in SOURCE Window

Never had this before. Just created a brand new project. Imported some footage through the media browser (Canon C70 footage). I can here the audio fine, and can see it in the audio meter, but there are no waveforms on the timeline OR the Source Window. 

The Timeline I can figure out, lot of touch points wherein one might lose the waveform. But to not see it in the Source window? This is new.

Anyone got any solves for this? Much appreciated. 

Premiere 25.1.0 on macOS 15.5 M1 Max.