Remington Outdoor Co. is filing for Chapter 11 bankruptcy protection, the company announced Monday, offering a restructuring plan that will allow the gunmaker to shed $700 million worth of debt. The company traces its roots back to 1816, when Eliphalet Remington II created his first flintlock rifle, and it sold its first rifles to the U.S. military in 1845. But a year under President Trump was apparently too much. Gun sales have slumped with Trump in the White House, not because Trump opposes gun rights, but because he champions them.

Remington's fortunes took a hit when "Hillary Clinton's defeat erased fears among gun enthusiasts about losing access to weapons," Bloomberg reports, and while sales plummeted and retailers stopped restocking firearms, gunmakers kept on churning out guns. More than 11 million firearms were manufactured in the U.S. in 2016, according to the latest figures from the Bureau of Alcohol, Tobacco, Firearms, and Explosives, up from fewer than 4 million guns made 10 years ago, Bloomberg notes. Fewer households own firearms now, though the people who do own guns tend to own a lot of them — an estimated 3 percent of American adults own half of all U.S. civilian firearms.

Remington is currently owned by Cerberus Capital Management, the private equity firm of Trump supporter Stephen Feinberg, but it won't be after the Chapter 11 process. Feinberg tried unsuccessfully to sell Cerberus after the Sandy Hook Elementary School shooting, where a Remington Bushmaster rifle was used in the massacre of children. Remington said its operations "will not be disrupted by the restructuring process."

Rival gunmaker Colt went through bankruptcy reorganization in 2015, and this is "not the first time Remington has been in financial trouble; it probably won't be the last," Richard Feldman, president of the Independent Firearm Owners Association, told Bloomberg. Still, he saw hope on the horizon: "I suspect that if the Democrats make a resurgence this November, gun company stocks will come roaring back with them." Peter Weber

William Goldman, the award-winning screenwriter behind The Princess Bride, Butch Cassidy and the Sundance Kid, and All the President's Men, has died at 87, Deadline and The Washington Post reported Friday.

Goldman died Thursday night at his home in Manhattan, Deadline reports, noting that he had been in ill health and his condition had deteriorated over the summer. No cause of death has been released.

Goldman began his career as a novelist, but he soon transitioned into Hollywood and became best known for his movies — screenwriter C. Robert Cargill on Friday described him as the "patron saint of screenwriting." His first screenplay was the 1969 classic Butch Cassidy and the Sundance Kid, for which he took home an Academy Award. He would go on to win a second Academy Award for writing All the President's Men in 1976, and he also wrote the screenplay for The Princess Bride, which was based on his novel of the same name. Over the course of his career, Goldman produced dozens of screenplays and consistently worked as a script doctor; some of his other movies included The Stepford Wives, Marathon Man, Heat, Misery, and Chaplin.

After winning his second Oscar, Goldman shared his knowledge of the industry in the book Adventures in the Screen Trade, in which he famously declared that in Hollywood, "Nobody knows anything." Brendan Morrow

North Korean leader Kim Jong Un attended an inspection of what state media there is describing as an "ultramodern tactical weapon," The Washington Post reports Friday.

This is the first time North Korea has publicly announced a weapons test since November 2017, CBS News reports, while noting that this does not appear to be a nuclear device or a long-range missile; the country previously said it would suspend its nuclear and missile tests. A military expert told CBS News that a "tactical weapon" in North Korea would refer to a "weapon aimed at striking South Korea, including U.S. military bases." An anonymous South Korean government official told CNN that it's likely a "multiple rocket launcher;" a South Korean-based researcher told CNN it's probably not a missile, though, as South Korea would have detected that.

Since President Trump participated in a summit with Kim Jong Un earlier this year, North Korea has demanded sanctions against them be lifted, and a North Korean Foreign Ministry official recently said Kim could start "building up nuclear forces" if the U.S. doesn't do so, CNN reports. Vice President Mike Pence on Thursday said Trump and Kim will meet again in 2019 even without North Korea providing a list of its nuclear weapons and missile sites, though Pence said it's "imperative" for the U.S. to come away from this second summit with a "plan for dismantling nuclear weapons." North Korea's state media said Friday that Kim was could barely contain his "passionate joy" after the successful weapons test, The Washington Post reports. Brendan Morrow

President Trump last week floated the idea of a "new election" in Arizona. But now, it's Democrat Stacey Abrams who may be pushing for that option in Georgia.

Republican Brian Kemp currently holds an 18,000-vote lead over Abrams in the Georgia gubernatorial election, but with the official state certification of the results possibly coming on Friday, The Associated Press reports that Abrams' campaign is preparing an "unprecedented legal challenge" that could involve pushing for a new vote.

Abrams would be challenging the result by saying there was "misconduct, fraud, or irregularities," enough "to change or place in doubt the results," as outlined in Georgia election law. Her team would then assemble affidavits from voters who say they were disenfranchised. Abrams accused Kemp of voter suppression throughout the campaign; in one example, tens of thousands of voters' registrations were put on hold because information on their applications wasn't an exact match with information in voter databases. There were also reports on Election Day of long lines, a problem exacerbated by some technical issues in the state's second-largest county, and voters not being offered provisional ballots when they should have been.

If Abrams' team took this case to court, their argument would be that as many as 18,000 voters could have been disenfranchised; had Abrams received that many additional votes, she would be able to force a runoff election in December. Abrams' lawyers, however, say no decisions have been finalized and they are "considering all options," one of which would involve a judge reopening the certified results to address potential irregularities. Kemp declared victory last week, and his campaign argues Abrams is trying to "count illegal votes" and that his lead is too great for any remaining uncounted ballots to make a difference. Brendan Morrow

In a video posted Thursday, Sen. Cindy Hyde-Smith (R-Miss.) is captured saying at a Nov. 3 campaign stop: "And then they remind me that there's a lot of liberal folks in those other schools who maybe we don't want to vote. Maybe we want to make it just a little more difficult. And I think that's a great idea." Hyde-Smith, appointed earlier this year, is in a Nov. 27 runoff election against Democrat Mike Espy to fill the remaining two years of former Sen. Thad Cochran's (R) term.

Lamar White Jr., who posted both this video and the one where Hyde-Smith said if a supporter "invited me to a public hanging, I'd be on the front row," said this is the only part of the clip he received. It was recorded in Starkville, during a Mississippi State University football game. It's not clear what "those other schools" are, CNN notes, but "Mississippi is home to several historically black colleges and universities, and black voters in the state overwhelmingly back Democrats."

"Obviously Sen. Hyde-Smith was making a joke and clearly the video was selectively edited," Hyde-Smith spokeswoman Melissa Scallan said Thursday. (White told The Clarion-Ledger the video clearly wasn't edited, and "this is what she said, verbatim.") Scallan told The Washington Post that Hyde-Smith made her comment while "talking to four freshmen at Mississippi State University about an idea to have polling places on college campuses," and "that's what she said was a great idea." Her comment "was a joke," she added. "The senator absolutely is not a racist and does not support voter suppression."

Espy spokesman Danny Blanton said the "joke" wasn't funny: "For a state like Mississippi, where voting rights were obtained through sweat and blood, everyone should appreciate that this is not a laughing matter." If you want a recap of Hyde-Smith's damage control on her "public hanging" comment, Late Night has a very stylized walkthrough below. Peter Weber

Former first lady Michelle Obama got a very warm welcome on Thursday's Jimmy Kimmel Live. "You see how much we miss you?" Kimmel said. "We're here, we're in another house," Obama said. "How's unemployment going?" Kimmel asked. "You embracing it?" She said yes, but "truthfully, we're boring. You know, we have a teenager at home, and she makes us feel inadequate every day." The former president, Obama said, is spending his days holed up in his messy office, writing his own book.

Obama talked about raising kids in the White House, her mother's unsuccessful attempts to escape living there after a few years, whether she'd live in the White House if one of her daughters becomes president — "Oh god, that will never happen," she said — the dogs, and how first families have to pay for their own food while living in the White House. "That's crazy to me," Kimmel said. Obama explained that it generally isn't crazy, except that the staff "are very responsive, at your expense."

"If you wanted to get someone in your husband's administration fired, how would you do that?" Kimmel asked after a break. Obama laughed. "Why do you ask?" she said diplomatically. She explained that nobody on the White House staff rubbed her the wrong way, Kimmel said he didn't believe her, and he brought up a game he and his wife play, informally called "What if Obama had done this?" "Oh god, we play that at home, too," she said. "Quite often." Kimmel asked Obama if anybody has seriously approached her about running for office, she said "all the time," but she's "never had any serious conversations with anyone about it because it's not something that I'm interested in or would ever do, ever." You can watch that, her un-first-lady-like comments, and how she tried to get copies of her book, Becoming, to old boyfriends and bullies, below. Peter Weber

"President Trump has been spinning in a Tasmanian Devil-style rage this week," Jimmy Kimmel said on Thursday's Kimmel Live. "As rumors of turmoil and tumult continue to swirl, Trump took to Twitter to lash out at Special Counsel Robert Mueller," his "witch hunt," and his staff. "He always forgets we had real witch hunts in American history, in which they killed witches, but this is the biggest witch hunt, and Bob Mueller is moving on you like a witch," Kimmel said. Still, "what Donald Trump should be worried about" isn't Mueller, but Russian President Vladimir Putin's warm exchange with Vice President Mike Pence at an Asia-Pacific summit on Thursday. He narrated the video.

The Late Show kicked off with a different Trump conspiracy theory, showing a fake commercial to mock Trump's "nuts" idea that you need to voter ID card to buy cereal.

"With Trump in such a bad mood, no one is safe," not even Fox News host Sean Hannity, Stephen Colbert said in his monologue. "Apparently, Trump's close relationship with Hannity hasn't stopped the president from mocking the Fox News star behind his back for being such a suck-up. Does Hannity really suck up that much?" Colbert asked. It was a rhetorical question, but he played some clips anyway. Trump is reportedly so critical of Hannity he has been known to imitate his voice and mannerisms. "I would love to see Trump's impressions," Colbert said, trying out a few. The Nixon one got a little strange.

"This news about Hannity has sent shockwaves through our in-house, pro-Trump news team, Real News Tonight, who now don't know how to talk about the president," Colbert said. You can watch Jim Anchorton and Jill Newslady struggle that out below. Peter Weber