The options to merge photos is now available in the context menu. To create a panorama or HDR panorama, follow these steps:

1. Open your desired photos.

2. Select the photos you want to merge from the filmstrip. Press Control+A to select all the photos.

3. Control-click (macOS)/right-click (Windows) to access the options to merge.

4. Select from Merge to HDR, Merge to Panorama, and Merge to HDR Panorama.