A Sam's Club membership card. Photo: Zhang Peng / LightRocket via Getty Images

Walmart is abruptly closing 63 of its Sam's Club stores, the company told Business Insider. Some locations shut their doors as early as Thursday morning, with some employees finding out about the closures via stores with locked doors.

Notable: The closures came just hours after Walmart announced that it was raising starting wages, giving out one-time bonuses and expanding employee benefits, citing the recent GOP tax cuts.

Details of closures:

  • 10 of the closed stores will be turned into e-commerce distribution centers. Affected employees will then be given the opportunity to apply for a position at the new locations.
  • The other 53 stores will stay open for the next several weeks before closing permanently.

Go deeper

U.S. sanctions Chinese officials over Uighur human rights abuses

Photo: Xinhua/Liu Jie via Getty Images

The Treasury Department announced Thursday that the U.S. has sanctioned four Chinese Communist Party officials and the Xinjiang Public Security Bureau for human rights abuses against Uighur Muslims and other ethnic minorities in Xinjiang.

Why it matters: The sanctions designations, pursuant to the Global Magnitsky Act passed by Congress in 2016, mark a significant escalation in the Trump administration's response to the Chinese government's detainment of over 1 million Uighurs in internment camps.

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Mayor of Seoul found dead

Park at a conference in 2017. Photo: Aurelien Morissard/IP3/Getty Images

Seoul Mayor Park Won-soon has been found dead hours after his daughter reported him missing, prompting a massive manhunt, Yonhap news agency reports.

What we know: Park's disappearance came a day after allegations of sexual harassment against him were published in local media, according to the FT, which also reports that his daughter had found a "will-like message."

Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.