I downloaded the server from the minecraft official website and made sure I had the latest version of Java and for some reason the file will not open. The only way I can get it to open it to run it manually through terminal other than that I cant get it to open by just clicking it and opening through java. On my 16" mac with Intel it use to open without any issues.
Here is a full video screen recording I made of the issue that is taking place. Here is the link.
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