Try resetting the Camera Raw preferences: Hold down the Command key and select Photoshop > Preferences > Camera Raw (macOS*) or hold down the Ctrl key and select Edit > Preferences > Camera Raw (Windows). Click Yes in the dialog that asks "Delete the Camera Raw Preferences?" See also: https://helpx.adobe.com/camera-raw/using/camera-raw-settings.html *On Ventura, it is now called "Settings".
Author “Color Management for Photographers" & "Photoshop CC Color Management/pluralsight"