Cactus Music
...
SO I thought I'd try installing directly as someone else said had worked.
Here is the Bandlab download folder, sort of hidden just like CCC was but somebody managed to dig it out. You can see there is the 2 files for the update. I did not want or need any instruments but looks like you have no choice.

When I click to run the cakewalk.exe as Admin I get this

So I delete the file and try again.
Just goes round and round.
This is even more interesting as you can see the file sizes are totally different, THis was what was waiting for me after dinner after 8 hours.

My installation is working OK. My files are in these folders (different folders from you):

(
Image link)
The top 2 are the original install download files to my PC from a couple of weeks ago, so you can see the file sizes. The assistant file below is just 2 days ago.
To access the AppData folder (and beyond) we need to tick or check Show hidden items:

(
Image link)
To get my install to work, I went to Control Panel - Programs and Features and noticed that there were 2 BandLab Assistants listed / installed. I can't remember exactly, but I uninstalled the oldest one, or both of them.
Then I installed and/ or ran the Assistant again and it worked OK.
You could try to do these things.