PowerPoint added native capability for picture transparency (without having to create a shape) in late 2018. See that linked article to see what I mean.
I'm trying to figure out what/if an appropriate VBA object exists for it (there's not much online since it's a fairly new feature). I've tried the traditional FillFormat.Transparency object, as well as a few other analogous attempts. (Basically, have been searching the VBA documentation up and down for an hour or two).
Any thoughts?