How does one remove the following new button?

I might be OK with having it but I definitely do not want it in this privileged position.
It's broken in build Version 111.0.1660.0 (Official build) canary (64-bit) so I can't confirm the behavior is not changing but one major flaw with this position is that the discover pane would open in mouse over and I would regularly move my mouse over that position on its way elsewhere.
Rich