As of 12:39:33 UTC on 2022-10-05, according to Microsoft nothing is going on, it's all good for now.
The last update was six days ago:
2022-09-29 12:09:46: "We're investigating an issue preventing users in North American from accessing SharePoint Online and OneDrive for Business content. Please refer to SP440666 and OD440667 in the Microsoft 365 admin center for further details."
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Every 10 minutes, this site retrieves the most recent posts from @msft365status's Twitter feed and scans for any outage alerts. All replies made by @msft365status to itself are also retrieved, while replies from other users are discarded. These replies are then displayed as a timeline of updates to an eventual resolution. Note that all times and dates are UTC -07:00.