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Edge 121 breaks file URL links
Microsoft Edge update 121.0.2277.83 has broken the ability to open file URLS (File://). With the IntranetFileLinksEnabled policy enabled, the links are supposed to open up in File Explorer. After Edg...
Use your GPOs to block the upgrade then perform a DOWNGRADE INSTALL of build 120.
ref: https://learn.microsoft.com/en-us/DeployEdge/edge-learnmore-rollback
msiexec /I FileName.msi /qn ALLOWDOWNGRADE=1
Get the 120 build from here, under "Looking for an older version of Edge?": https://www.microsoft.com/en-us/edge/business/download