Thanks Eric—F.
So yeah, tapping Edit doesn’t reveal Saved Stories, so that didn’t work. Force closing the News app and restarting the iPad also didn’t fix this.
I think 16.1.2 is out now, but I’m not holding my breath it will fix this. 😀
I tried the links you provided for Apple Support, but it seems that built-in apps like News aren’t given a category for reporting.
I gotta say, this just looks like a plain old bug in the software. I have also noticed that tapping Apple News doesn’t take me back to the “homepage” if I have tapped into a particular channel. That also seems like a bug in the navigation/side panel of the app.