Office Home & Student 2021 and Office Home & Business 2021 are now available. These are the perpetually licensed editions of the next version of Office, priced at $149.99 and $249.99 respectively.
The Home & Business edition includes everything in the Home & Student edition as well as Outlook for the PC/Mac and commercial use rights. Unlike their Office LTSC 2021 business counterparts, these editions include Teams and some collaboration tools too.
Find the announcement here: https://bit.ly/3ArUlbr.