I would also appreciate this. I can't recall now for sure, but I thought it used to do that, so recently it's been driving me bonkers. Though maybe I'm just creating more formulas now than I used to do, so I'm just noticing it more.
Thanks for submitting this idea. Unfortunately, removing the wasn't an intended change. We've resolved the issue and you'll see it in the February release. Sorry for the inconvenience.
Thank you for your comments on this thread. We have resolved the text wrapping issue and will be shipping the fix along with our February release. I apologize for the inconvenience.