Since updating to Monterey 12.3.1 on my 17" Imac (2018) I have had problems with LRC and PS.
First I lost a whole file of photos that was in LRC collections I had to go to the hard drive to retrieve them all. (Haven't actually found them all yet) The worst that just happened: I tried to edit a photo from LRC to PS but PS wont open. Went to Creative Cloud and found an update for PS, but did not help. I have a Photography subscription so should have been automatic. When I try to open the file with Lightroom adjustments, it acts like it is going to do it but I get a message that PS will not launch. What is weird is that I receive another copy of the photo back into LRC with Edit.psd extension. I now have four copies.