
Hi Steve, this is Kimberly, an independent advisor. I'm glad to assist you today.
If embedded MP4 videos play normally in all views except when you use Playback → Trim Video, the issue is likely tied to PowerPoint's handling of trimmed media, especially after recent updates.
Disable Hardware Graphics Acceleration
Go to File → Options → Advanced.
Under Display, check:
Disable hardware graphics acceleration
Disable slide show hardware graphics acceleration
Restart PowerPoint and retest trimmed videos
Should you have more questions, please let me know.
Best regards,
Kimberly