UE 4.25.1 'failed to launch prerequisites'

I installed 4.25.1 today, with no problems. When I launched it from the Launcher, it did not launch and gave the following error:
4.25.1 launch failure.JPG

I looked up the error code, and it wasn’t in the list of codes (why?). I have 4.23.1, and 4.24.2 installed locally, along with Visual Studio 2017 and 2019 (free versions), and those UE versions are launchable and work. What do I need for 4.25.1 to launch correctly?

Same for me, for 4.24 and 4.25 after installing on fressh Win 10 install.
I tried to instal Visual Studio 2017 and try again, but with same result

I have Visual Studio 2017 and 2019, and 2015 I think but not sure. 4.24.3 works, but it has crashed at least once trying to start it. I ran it as administrator (via right-clicking the exe file on the desktop) and it worked. I also got 4.25.1 going, though I think I used the same approach (run as administrator).