Blog post formatting not working with excerpts

As you can see from my homepage, the blog posts do not show line breaks or formatting as it was inputted from the wordpress post creator in the backend (the default post window).

Yet if you take a look at the individual post pages, they clearly show formatting such as line breaks, bullet points, etc.

Any ideas?

This is similar to seen here:

https://premium.wpmudev.org/forums/topic/blog-post-formatting-not-working-upfront-scribe

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