Adobe Camera RAw 15.4.1 on Mac OS Ventura (July update) has a bug

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...which was fixed by Adobe Support by reverting me to an earlier version (14.5)

Bug was the menu item in the ACR edit panel to allow selecting and applying different color profiles was not showing up - just a blank space.

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UPDATE: Solution to this tracked down.

The menu item for choosing color profiles is simply hidden by default in recent updates of ACR.

It can/must be enabled by right-clicking or control-clicking anywhere in the EDIT panel, which will bring up a temporary contextual menu, which lists things to show or hide in that panel - including the color profiles selection submenu.

But it had even the mavens on Adobe's own help site scratching their heads for a month - until suddenly one of them remembered this well-hidden contextual settings option.