The Washington Post

ALSO IN BUSINESS

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The Federal Aviation Administra­tion (FAA) said Friday it will require operators of Boeing 787s to take additional precaution­s when landing on wet or snowy runways at airports where new wireless service will be deployed starting next week. The FAA said 5G interferen­ce could prevent engine and braking systems from transition­ing to landing mode, which could prevent an aircraft from stopping on the runway. The directive requires crews “to be aware of this risk and to adopt specific safety procedures when landing on these runways.” It affects 137 U.S. aircraft and 1,010 worldwide.

U.S. home sales in December had their biggest plunge since the early months of the covid-19 restrictio­ns as listings sank to record lows. Transactio­ns fell 11 percent from a year earlier, the biggest annual decline since June 2020, according to a report Friday by Redfin. Demand is still fierce, but what’s holding back deals is a lack of inventory: Active listings — homes for sale at any time during the month — fell 19 percent year-over-year to an all-time low. Meanwhile, prices jumped 15 percent to a median of $382,900. Bidding wars for the few properties listed are driving up home prices.

Eye-care products maker

Bausch + Lomb on Thursday filed to go public in the United States and Canada through an initial public offering and disclosed a jump in sales for the first time. It seeks to sell up to $100 million worth of shares. The 169-year-old company that started as a small optical goods shop in New York currently supplies branded and generic pharmaceut­icals, contact lenses and lens care products to 150 million people in more than 90 countries.

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