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<?php

$favorite_id = wp_insert_post( array(
	'post_author'   => 1,
	'post_excerpt'  => '',
	'post_status'   => 'publish',
	'post_title'    => '',
	'post_type'     => 'favorite',
	'_thumbnail_id' => '',
	'meta_input'    => array(
		'url'         => '',
		'button_text' => '',
	),
) );

if ( $favorite_id && ! is_wp_error( $favorite_id ) ) {
	wp_set_object_terms( $favorite_id, array(), 'favorite_cat', true );
}