Photo: CESAR MANSO/Getty Images

In a report published on Wednesday in the journal Nature, scientists report that a deposit of teeth and bones, recently discovered in an island cave in the Philippines, may have belonged to a newly identified species closely related to humans and "unknown previously to science," per the Washington Post.

Details: The newly named and uncovered Homo luzonensis fossils found in the Callao Cave of Luzon Island date back to the Pleistocene epoch, between 2.6 million and 11,700 years ago. This is the fourth extinct human species discovered within the last century, showcasing that evolution was less linear than previously thought. The remains would suggest that these individuals lived during the time that Homo sapiens spread from Africa elsewhere around the world. To date, efforts to draw DNA from the remains have been unsuccessful.

What they're saying: ″We continue to realize that [for] thousands of years back in time, H. sapiens was definitely not alone on Earth,” said the author of the report Florent Detriot, a paleoanthropologist with the National Museum of Natural History in Paris.

But but but: The study authors “don’t have any heads,” according to New York University anthropologist Susan Anton, who is dubious about the results of the report.

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Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.

Mergers and acquisitions make a comeback

Illustration: Sarah Grillo/Axios

A slew of high-profile headlines led by Microsoft's expected acquisition of social media video app TikTok helped bring the Nasdaq to another record high on Monday.

Why it matters: The mergers-and-acquisitions market looks like it's bouncing back, joining the revived credit and equity markets as well as the market for new public companies through IPOs and special purpose acquisition companies (SPACs).