Some users on newer systems have found that toggling the game's language forces a critical update that fixes launch issues. Right-click the game in Steam > . Disable Steam Overlay and Cloud Saves temporarily.

Failed to initialize Steam. Trigger: Launching the game via executable or Steam client. Context: The error implies the game cannot locate the Steam client, lacks the permissions to communicate with it, or is blocked by a software conflict (often related to "Exclusive" fullscreen ownership of the display).