Remap ⌥← and ⌥→ to jump back/ahead one word
Make ⌥← and ⌥→ default for jumping one word back and forth or respectively mark text when pressing "shift" as used to in Premiere Pro and by default on Mac. Same issue exists in Photoshop where these shortcuts are annoyingly used to adjust kerning.
Source: https://forums.adobe.com/message/9919288
System: Mac OS X 10.11.6, Adobe Illustrator 22.1, Adobe Photoshop 19.1
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