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Photo: Brendan Smialowski/AFP/Getty Images

The White House is planning to launch the economic part of the Trump administration Israeli-Palestinian peace plan in mid-June and will hold a special international workshop on Bahrain on June 25–26 to discuss the implementation of the economic plan.

What's next: A senior White House official said the Trump peace team led by senior adviser Jared Kushner has decided to launch the peace plan in two phases. Phase 1: Publish a plan to boost the Palestinian economy. Phase 2: Publish the political plan, which will deal with core issues like borders and Jerusalem. 

CNN reported details of the Bahrain summit earlier Sunday.

Details: The U.S. delegation to the workshop in Bahrain will be headed by Treasury Secretary Steven Mnuchin and Kushner.

  • The Trump administration has decided to invite finance ministers, not foreign ministers, because it will deal with the economic plan and not with the political part of the plan. 
  • A senior U.S. official said many business executives from big companies around the world will also participate in the workshop to discuss possible investments in the West Bank and Gaza.
  • Several weeks ago Kushner met a group of 25 business executives at the Milken Conference in Los Angeles to get them onboard. 

Israel will also be invited to the workshop in Bahrain and is expected to be represented by the finance minister in the new government, which is being formed right now. It is likely to be current Finance Minister Moshe Kahlon. Israel and Bahrain don't have formal diplomatic relations, and a ministerial delegation from Israel in Bahrain will be a big step in normalizing relations. 

What they're saying:

  • Kushner: "Economic progress can only be achieved with a solid economic vision and if the core political issues are resolved. We look forward to presenting our vision on ways to bridge the core political issues very soon."
  • Mnuchin: “I look forward to these important discussions about a vision that will offer Palestinians exciting new opportunities to realize their full potential."

Between the lines: The Palestinian Authority, which is boycotting the Trump administration, is not expected to participate in the workshop. But a senior U.S. official said the White House invited a group of Palestinian businessmen and is expecting some of them to attend. 

  • A senior U.S. official said that the political part of the peace plan will be released at a later stage and added: "This is not economic peace only. The economic plan is not instead of the political plan. They both go hand in hand, but we decided to release it in two phases so people will have an easier time digesting it."

Go deeper

Laurel Hubbard to become 1st openly trans athlete to compete at Olympics

New Zealand's Laurel Hubbard at the Gold Coast 2018 Commonwealth Games in Australia, when she became the first openly transgender athlete to represent NZ. Photo: Scott Barbour/Getty Images

The New Zealand Olympic Committee has announced that Laurel Hubbard has been selected for the women's weightlifting team for the Tokyo Games — making her the first openly transgender athlete to compete at the event.

The big picture: Hubbard, 43, is part of a five-member Kiwi weightlifting team and will compete in the women's super heavyweight category. Meanwhile, BMX rider Chelsea Wolfe will become the first openly trans athlete to travel to the Olympics with Team USA, when she arrives in Tokyo as a reserve rider.

American Airlines cuts hundreds of flights amid demand surge

Photo: Joe Raedle/Getty Images

American Airlines announced Sunday that it's cutting some 950 flights from its schedule, including 296 this weekend, to reduce potential pressure on its operations, the Wall Street Journal first reported.

Driving the news: The U.S. vaccine rollout has led to a massive increase in travel bookings. The airline noted in an emailed statement that it's facing an "incredibly quick ramp up of customer demand."

Updated 5 hours ago - Politics & Policy

Florida Pride parade fatal crash a "tragic accident," police say

Participants walk away as police investigate the scene where a pickup truck drove into a crowd of people at a Pride parade in Wilton Manors, Florida, on Saturday. Photo: Jason Koerner/Getty Images

Police said Sunday they believe a driver unintentionally hit spectators at a weekend Pride parade in Wilton Manors, Florida, resulting in the death of one man and leaving another person hospitalized.

The latest: Addressing speculation that the crash may have been a hate crime against the LGBTQ community, Wilton Manors police chief Gary Blocker said in a statement: "Today we know yesterday's incident was a tragic accident, and not a criminal act directed at anyone, or any group of individuals."