https://www.youtube.com/watch?v=hHpYpT-lZyE
The Shadows/Highlights Control is located in Photoshop (I use CS6) under the Image> Adjustments> Shadows/Highlights
I have never used this control since I do much of my shadow and highlight control using NIK Viveza.
However, the Photoshop Shadows/Highlights control seems to be a pretty neat way to globally adjust images. However, you need to use these controls sparingly because they can result in some outlandish results...