I'm having the exact same issue after the 24H2 update. It installed on 1/7/2025 for me and today my USB connected HP M430 printer is having the exact same error. The first page is the following text:
POST /ipp-print HTTP-1.1
Connection: keep alive
Content-type: application/ipp
User-agent: Windows internet print provider
Then it prints two blank pages after that. There were no issues with this printer and laptop I have prior to this 24H2 release. Since Microsoft created this issue I'm expecting them to fix this issue and not blame HP, Canon, Lexmark, Epson or any other printer manufacturers.