edit: Not an expert on the subject, but I think my question could be “reframed” as what are framing options when you can’t use a king stud on a load bearing wall? I believe tried and true solutions are the framing techniques for a door or window, but could angle braces suffice?
After opening our (external, load bearing) wall by the washing machine, we found one of the 2x4 studs pretty much has a 3” drain pipe going through it. The wood is also rotted around the pipe.
For one stud, how structurally sound would it be to remove the stud and instead provide support by putting two angle braces in (above the drain pipe) against the adjacent studs? Maybe doubling up studs on the adjacent studs?