Adobe has updated Camera RAW by incorporating the Camera Profiles (now simply called "Profiles") section (previously found on the Calibration tab) with the basic tab where Exposure, Contrast, Highlights & Shadows adjustments are made.
Surprising is that Adobe has changed the default profile for RAW files to something new – Adobe Color – which features warmer reds, yellows and oranges and increased contrast compared to the previous default, Adobe Standard.
Note: If you have created custom camera profiles with an X-Rite Color Checker Passport, you can find them under the "Profiles" section after clicking "Browse Profiles." However,if you choose the "Legacy" section, you'll see previews of Black & White versions of your custom profiles (for some reason). [Sean]