Hangs starting up Monterey 12.5

[BarrySmith]

Been a user for a long time. Great stuff

Just installed 28.1. When I double click on Emacs.app the Emacs logo in the Dock just bounces forever. Looking in the activity monitor I get the following (screenshot)

If I go into the Emacs.app directory and double click Emacs or one of the Emacs Intel versions, a terminal starts up and then Emacs, leaving the very annoying terminal hanging around but seems to work.

I have the same permissions for full disk access for Emacs (and Ruby) I have had for a long time.