Mar 26, 2018

Gunmaker Remington files for bankruptcy

Dan Primack

Remington booth at a firearms trade show. Photo by Ethan Miller/Getty Images

Firearms manufacturer Remington on Sunday night filed for Chapter 11 bankruptcy protection.

Be smart: The filing came just 24 hours after a wave of pro-gun control marches, but Remington had signaled its bankruptcy plans prior to the high school shooting in Parkland, Florida.

  • Go deeper: What happened to Remington?
  • Reminder: Filing for Chapter 11 does not always equate to going out of business, and Remington has some new financing in hand. Rival gunmaker Colt, for example, once filed for bankruptcy and later reemerged.
  • An attorney representing Sandy Hook families in their lawsuit against Remington says: “We do not expect this filing to affect the families’ case in any material way.”

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Rebecca Falconer, Orion Rummler, Marisa Fernandez

U.S. coronavirus updates: Death toll tops 4,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The novel coronavirus has now killed more than 4,000 people in the U.S. — with over 1,000 deaths reported in New York City alone, per Johns Hopkins data.

Of note: Hours earlier, President Trump noted it's "going to be a very painful two weeks," with projections indicating the novel coronavirus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place. "They are going to be facing a war zone," he said of medical workers.

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Axios

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11 p.m. ET: 858,785 — Total deaths: 42,151 — Total recoveries: 178,119.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 11 p.m. ET: 189,035 — Total deaths: 3,900 — Total recoveries: 7,096.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk of contracting COVID-19 while in confinement.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

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Axios

World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 858,000 and the death toll exceeded 42,000 Tuesday night, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 1 hour ago - Health