The Federal Trade Commission said it will appeal the November ruling in favor of Meta in its antitrust case against the social media giant.

The FTC said it continues to allege that, for more than a decade, Meta Platforms Inc. has “illegally maintained a monopoly” in social networking through anticompetitive conduct “by buying the significant competitive threats it identified in Instagram and WhatsApp.”

Meta had prevailed over the existential challenge to its business that could have forced the tech giant to spin off Instagram and WhatsApp after a judge ruled that the company does not hold a monopoly in social networking.

U.S. District Judge James Boasberg issued his ruling on Nov. 18 after the historic antitrust trial wrapped up in late May. His decision runs in sharp contrast to two separate rulings that branded Google an illegal monopoly in both search and online advertising, dealing regulatory blows to the tech industry that for years enjoyed nearly unbridled growth.

China meets soybean purchase goal

China has purchased roughly 12 million tons of U.S. soybeans in the last three months, clearing a closely watched trade hurdle and meeting a key pledge outlined by the Trump administration in November.

The world’s top consumer had been hovering close to the target for days and has now booked enough cargoes to meet it, according to traders familiar with the shipments. They asked not to be named as they are not authorized to speak with the media.

U.S. Treasury Secretary Scott Bessent said in an interview on Fox Business that Vice Premier He Lifeng confirmed to him that China has completed their soybean purchases. “We’re looking to next year’s 25 million tons,” Bessent said.