diff --git a/grpc.changes b/grpc.changes
index 5d5a688..f113a60 100644
--- a/grpc.changes
+++ b/grpc.changes
@@ -1,3 +1,9 @@
+-------------------------------------------------------------------
+Fri Oct 28 09:58:50 UTC 2022 - Michael Ströder <michael@stroeder.com>
+
+- Update to release 1.50.1
+  Fix Bazel 4 support and objc bazel tests on python3.9 (#31410)
+
 -------------------------------------------------------------------
 Fri Oct 14 18:04:19 UTC 2022 - Michael Ströder <michael@stroeder.com>
 
diff --git a/grpc.spec b/grpc.spec
index eb33eec..a0dccb6 100644
--- a/grpc.spec
+++ b/grpc.spec
@@ -20,7 +20,7 @@
 %define lverp 1_50
 %define src_install_dir /usr/src/%name
 Name:           grpc
-Version:        1.50.0
+Version:        1.50.1
 Release:        0
 Summary:        HTTP/2-based Remote Procedure Call implementation
 License:        Apache-2.0
diff --git a/v1.50.0.tar.gz b/v1.50.0.tar.gz
deleted file mode 100644
index 27c5c99..0000000
--- a/v1.50.0.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:76900ab068da86378395a8e125b5cc43dfae671e09ff6462ddfef18676e2165a
-size 8434016
diff --git a/v1.50.1.tar.gz b/v1.50.1.tar.gz
new file mode 100644
index 0000000..6febeb6
--- /dev/null
+++ b/v1.50.1.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:fb1ed98eb3555877d55eb2b948caca44bc8601c6704896594de81558639709ef
+size 8434595