Hello, I experienced the same issue (apps like Spyder or VS Code not launching from the Navigator) with the latest Anaconda Individual Edition for Windows 64-bit from: https://www.anaconda.com/products/individual
I uninstalled the latest version.
Then I visited the old packages list on https://docs.anaconda.com/anaconda/packages/oldpkglists/
After reviewing the packages info, I selected Anaconda3-2020.07-Windows-x86_64 and downloaded it from the archive: https://repo.anaconda.com/archive/
Installed the downloaded package and tested: now launching apps like Spyder or VS code from the Navigator works as expected.
Just wondering, could this non-launch issue be due to Python version?
I had Python 3.9 configured for the latest non-launch version by adding it to the PATH, whereas the older version which works ok has Python 3.8 as default.