@SaalHardali the most that’s known about this is in R-W-Yagita’s Brown Peterson cohomology from Morava K-theory (and a tiny bit at the very end of the R-W … Conner-Floyd conjecture paper). it’s not easily readable: there’s a big difference between homology and cohomology, and they also p-complete as it suits them
my memory is that it does not work at all how you’d like, but i don’t recall the argument exactly. the place to start, iirc, is to note that in order for K(Z, 3) to be K(1)-acyclic and not K(2)-acyclic, there must be big v1-divisible towers in its E(2)-homology, and from that everything begins to fall apart.