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ABSTRACT Studies of T Tauri discs inform planet formation theory; observations of variability due to occultation by circumstellar dust are a useful probe of unresolved, planet-forming inner discs, especially around faint M dwarf stars. We report observations of 2M0632, an M dwarf member of the Carina young moving group that was observed by Transiting Exoplanet Survey Satellite over two 1-yr intervals. The combined light curve contains >300 dimming events, each lasting a few hours, and as deep as 40 per cent (0.55 magnitudes). These stochastic events are correlated with a distinct, stable 1.86-d periodic signal that could be stellar rotation. Concurrent ground-based, multiband photometry show reddening consistent with interstellar medium-like dust. The star’s excess emission in the infrared and emission lines in optical and infrared spectra reveal a T Tauri-like accretion disc around the star. We confirm membership of 2M0632 in the Carina group by a Bayesian analysis of its Galactic space motion and position. We combine stellar evolution models with Gaia photometry and constraints on Teff, luminosity, and the absence of detectable lithium in the photosphere to constrain the age of the group and 2M0632 to 40–60 Myr, consistent with earlier estimates. 2M0632 joins a handful of long-lived discs which challenge the canon that disc lifetimes are ≲10 Myr. All known examples surround M dwarfs, suggesting that lower X-ray/ultraviolet irradiation and slower photoevaporation by these stars can dramatically affect disc evolution. The multiplanet systems spawned by long-lived discs probably experienced significant orbital damping and migration into close-in, resonant orbits, and perhaps represented by the TRAPPIST-1 system. 

The HR 2562 system is a rare case where a brown dwarf companion resides in a cleared inner hole of a debris disk, offering invaluable opportunities to study the dynamical interaction between a substellar companion and a dusty disk. We present the first ALMA observation of the system as well as the continued Gemini Planet Imager monitoring of the companion’s orbit with six new epochs from 2016 to 2018. We update the orbital fit, and in combination with absolute astrometry from GAIA, place a 3σupper limit of 18.5M_Jon the companion’s mass. To interpret the ALMA observations, we used radiative transfer modeling to determine the disk properties. We find that the disk is well resolved and nearly edge-on. While the misalignment angle between the disk and the orbit is weakly constrained, due to the short orbital arc available, the data strongly support a (near) coplanar geometry for the system. Furthermore, we find that the models that describe the ALMA data best have inner radii that are close to the companion’s semimajor axis. Including a posteriori knowledge of the system’s SED further narrows the constraints on the disk’s inner radius and places it at a location that is in reasonable agreement with (possibly interior to) predictions from existing dynamical models of disk truncation by an interior substellar companion. HR 2562 has the potential over the next few years to become a new test bed for dynamical interaction between a debris disk and a substellar companion.