Is this a PDF or a PNG folio?
Is it an interactive object (overlay)?
Tried both PNG and PDF with samt result.
It's a button.
Try making this a PNG object (not a vectorized) and try again. This has happended several times for me on AI and other vector objects since v17.
Tried to make the blue button as a PNG instead. Got the same result.
However, it seems to be the shadow on the text that causes the issue.
When disabled the text shadow, the problem was solved.