Musk, a South African billionaire who now lives in Bel Air, California, said criticism about the former deal prompted the update.

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Digital-only purists would still get something out of the deal, as the update could also bring person-to-person money transfers and support for mass transit cards.

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We do need to update our institutions to deal with this threat.

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Update: Desmond has confirmed the deal to Sky News.

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In an update on negotiations on Wednesday, Mr Jones said a deal would be subject to a final price being agreed and various checks and balances being carried out on the finances of the airport, in a process called due diligence.

BBC: Cardiff airport

And I think what he will be laying out is a way in which the United States is going to both keep its commitment as an anchor of security and stability in the Pacific, but also update the ways in which we are engaging in the region to deal with the realities of the 21st century.

WHITEHOUSE: Press Briefing

Update: This was a huge coup for Venrock, the only institutional investor on the deal.

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Update: Late Thursday, Senate Majority Leader Harry Reid (D-NV) announced that a deal had been reached to take the final votes on the bill, originally expected this week, the week of May 6th, when the Senate returns from a one-week recess.

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