Shapes create with generic 'StaticMeshActor' ID instead of using their name like in previous releases

This is a regression.
In 4.27 basic shapes created from the place actor panel are named after their respective shapes making it easier to to discern. In 5.0ea this is no longer the case.

1. Open any project in 5.0ea
2. Create a cube
3. In the World Outliner hover over the newly created cube
4. Observe the ID Name

Expected Results:
The ID Name reads Cube_X

Actual Results:
The ID Name reads StaticMesh_X