$A$ and $B$ are events, i.e. subsets of the sample space. As with sets, $\cup,\cap,$ and $\overline{~~}$ are all operations which let us combine or otherwise manipulate sets.
$A\cup B$ is "A union B" is defined as $A\cup B=\{x~:~x\in A~\text{or}~x\in B\}$
$A\cap B$ is "A intersect B" is defined as $A\cap B=\{x~:~x\in A~\text{and}~x\in B\}$
The horizontal bar over a set indicates the complement. $\overline{B}=\{x~:~x\not\in B\}$
$P(E)$ is the probability that event $E$ occurs when you run an experiment, i.e. a measure of how likely the event is to occur which will have a value given to it between 0 and 1 satisfying some nice properties. Similarly, notice that $A\cap B, A\cup B$ also qualify as events, so something like $P(A\cup \overline{B})$ is "the probability of A union the complement of B" is the probability that the event $A$ occurs or the event $B$ doesn't occur.
The vertical line on the other hand represents conditional probability.
$P(A\mid B)$ is read "The probability of $A$ occurring given that $B$ occurs"
To continue, remember a few definitions and key properties:
$P(A\cup B)=P(A)+P(B)-P(A\cap B)$
$P(A)+P(\overline{A})=1$
$P(A\mid B)=\frac{P(A\cap B)}{P(B)}$