Premier Pro lags , and high memory in mac OS SONAMA

I have mac mini m1 with 16 GB memory 
Running premeire pro before sonoma was fine , after the update it takes huge memory  and lags very irreverently.
even simply dragging mosue cursor slows everything. even just working in 1080p timeline, forget about 4k.

its really really slow, lagging very frustating way.
Please resolve, Thanks