I imagine this may have been brought up before (but didn't find any mention in my subject search), but Media Encoder 25 is displaying a bug where Metadata Timecode and Burn-in effect is used for a sequence on a Transparent layer. It will export fine out out Premiere, but once sent to Media Encoder, it will show {nbsp} as part of the source timecode.
Some other forums suggested checking on Import Sequences natively in Media Encoder, which sometimes solve the issue, but then occasionally double burns-in temp LUTs into the output for no clear reason. This issue isn't exhibited when exporting straight out of Premiere.

I'm confused why this is occurring, and having to export multiple sequences straight out of Premiere is inefficient.
I'm using a Mac M2 Ultra on Sonoma 14.6.1