Etrecheck is almost certainly wrong about the failing hard drive*, but you should return the computer anyway. The entry level machine is completely inappropriate if you are trying to run photoshop.
*The failing hard drive notice is generated automatically if an HDD is installed and the Etrecheck takes more than X amount of time to run the test. In your case you are trying to run Adobe Cloud, Microsoft One Drive, Safari, Apple Music and more all at the same time with 8GB RAM off an 5400rpm drive... which is a problem.
For Adobe Cloud you really a faster drive, more memory, and probably a better CPU.
You should probably also get an external drive to use as a time machine backup. Even with cloud storage having a local backup is a good idea.