While Canon EOS R5 RAW Light files are loaded OK by the latest Premiere Pro, they all have a very strong magenta cast which is a bug similar to what happened with other canon cameras in the past. If you shoot regular raw they don't have that cast. I can fix it with the obsolete channel mixer effect but it's not ideal.
Are the developers aware that the Canon R5 RAW Light files have this issue similar to the what the Canon C300 MK II had at one point with its mxf files? It seems to have been addressed with the C300 but NOT with the EOS R5.