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In Photoshop it is not possible by saving a file on the normal way to choose from jpeg, png, etc.
Now you have to go to Export, than it takes a while before the window opens...
That is very irritating.
Please bring it back how it was before.
Assuming you're on version 22.4 Adobe have changed how the Save/Save As works, more info
Good Morning-What version of Ps are you running?
Here is some information that might assist with recent changes.