Yarn Build – Babel-loader issues with Storybook

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It is a known issue.

If you are using yarn, you can easily get around it using resolutions.
Add the following to your package.json to allow yarn to resolve babel-loader version 8.1.0 (the version required by CRA, not Storybook):

"resolutions": {
  "babel-loader": "8.1.0"
},

After that, make sure to run yarn install to refresh your dependencies and update yarn.lock file

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